The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1867-07-25
FIRST MORTGAGE BONDS
Ninety Gents on the Dollar.


This road is already completed to Jules
burgh, $40 miles west Of Omaha, and is fully
equipped, and trains are regularly running
over it. The Company has now on hand
sufficient iron, ties, etc., to finish the re-
maining portion to the eastern base of the
Rocky Mountains, l4l miles, which is un-
der contract to be done in September of this
year, and it is expected that the entire road
will be in running order from Omaha 10 its
western connection with the Central Pacific,
now being rapidly built eastward from Sac
ramento, Cal, during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the
Union Pacific to be ,565 miles, the United
States Government issues its Six per cent.
Thirty-year Bonds to the Company as the
road is finished at the average rate of about
$2S,250 per mile, amounting TO SD, ,20S, 600
The Company is also permitted 10 issue
its own First Mortgage Bonds 10 an equal
amount, and at the same time, which by
special Act of Congress are made First
Mortgage on the entire line, the bonds OF
the United States being subordinate TO them.
The Government makes donation of l.,
500 acres of land to the mile, amounting TO
20, ,032, 900 acres, estimated to be worth $780,
000, 900, making the total resources, exclusive
of the capital, S1lS,4l6,0O0; but the full
value of the lands cannot now be realized.
The authorized Capital Stock of the Com
pany is one hundred million dollars, of which
five millions have already been paid in, and
of which it is not supposed that more than
twenty five millions at most will be required.
The cost of the road is estimated by COM
petent engineers TO be about one hundred
million dollars, exclusive of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha
and the east Is now complete, and the earn
ing of the Union Pacific on the sections al
ready finished for the first two weeks in May
were SlI3.000. These sectional earnings as
the road progresses will much more than pay
the interest on the Companies bonds, and the
through business over the only line of rail-
road between the Atlantic and Pacific must
be immense.
VALUE AND SECURITY OF THE BONDS.
The Company respectfully submit, thai
the above statements of facts fully demon
strates the security of their Bonds and as ad.
ditional proof they would suggest that the
Bonds now offered are less than ten million
dollars on 5l7 miles of road, on which over
twenty million dollars have already been ex-
pended ;-on $50 miles of this road the cars
are now running, and the remaining Isl
miles are nearly completed.
At the preseut rate of premium on gold
these bonds pay an annual interest on the
present cost of
NINE PER CENT,
and il is believed that on the completion o.
the read, like the Government Bonds, they
will GO above par. The Company intend &c
sell but limited amount at the present low
rate, and retain the right to advance the
price al their option.
Subscriptions will be received in New
York by the CONTINENTAL NATIONAL BANK
No. Nassau ST., CLARK, DODGE 81 Co,
BANKERS, 81 Wall ST., JOHN j. Cisco &
SoN, BANKERS, No. 33 Wall ST., and by
BANKS and BANKERS generally through.
out the United States, of whom maps and de-
scrptive pamphlets may be obtained. They
will also be sent by mail from the Compa.
ny's Office, No. 20 Nassau Street, New
York, on application. Subscribers will Sc.
lect their. own Agents in whom they have
confidence, vino alone will be responsible to
them for the safe delivery of the bonds.
JOHN J. CISCO, Treasurer,
NEW YORK.
June 13.-3m.