Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-07-12

TAa
UNION PACIFIC
RAILROAD co.
Are now constructing a Railroad from
O MANA, N = b 4 as X A /,
westward towards tho Pacific Ocean, making with
its connections unbroken line
ACROSS TGGE COY SsGEgT.
The Company now offer Unite, ut Of their
FIRST MORTGAGE |DS
having thirty years TO run, an ~ annual
interest. payable on the first day nuary aud
July, 10 the City Of New York, ate Of
SIX PER CENT. GOLD,
Ninety Gents on the |iIar.
This road Is already compile Julesburg,
$40 miles west of Omaha, and Is " equipped
and trains are regularly running ovsr It. The
pany has now on hand sufficient iron, ties, etc.
To finish the remalnlng portion TO the eastern base
OF the Rocky Mountains, l4i miles, which Is I'M
der contract 10 DO done In September Of this
year and Il Is expected that the entire road will
| be In running order from Omaha 10 its western
connection with the Central Pacific, now being
rapldly built eastward from Sacramento, Cal, dur
ing 1870.
| MEANa or TUE COMPANY
Estimating the distance TO be built by the I'm
Ion Pacific to DO ,bs5 miles, the United States
| Government Issues It's Six per cont. Thirty-ycar
Bonds 10 the Company as the road Is finished Ct
the average rate Of about S2S $50 por mile, amount
Ing to sl4, 20s, 900.
The Company Is also permitted TO Issue its own
First Mortgage Bonds TO an equalss.sunt, and at
are made First Mortgage on The entire line, the
bonds Of the United States being subordinate 10
them.
The Government makes a location OF ~ 800
acres OF land TO the mile, amounting to q, 032 0Ot
acres, estimated 10 be worth $40 100000, making
the total resources exclusive OF the onpltal sils,
4io,ooo but the full value Of the iaads eanno
now DO realised.
The authorised Capital Stock Of the Company /,
one hundred million dollars. Of which Eve mil
Hons have already been paid In, aud Of which !
IL not supposed that moro than twenty-five mil.
lions Mt most will be required.
The cost Of the road IL estimated by competent
engineers TO be about one hundred million dollars
exclusive OF equipment.
PROSPECTS ron nuaisEss.
The railroad connection between Omaha and tn
East IL now complete, and tho earnings OF tho I'm
Ion Pacific on the sections already finished 70
the hrst two weeks la May were 81 3 900. Thes
sectional earnings as the road progresses will
much moro than pay tho interest on the compa
ny's bonds, aud the through business over the oni
line OF railroad between tho Atlantic and Pacih
must be immense.
VALUE AND sEcuRiry or rnr BONDS.
The Company respectfully submit, that tn
above statement Of facts fully demonstrates III
security Of their Beads, and ms additional proc
they would suggest that thl Bonds now oAere
are less than ten million ID prs on kl7 miles Q
road on which over twent hililon dollars hav
already been expended --onXS0 miles OF this roa
the cars are now running, the remaining Is
miles are nearly completely
At tho present rate OF premium on gold thes
bonds pay an annual interest on the present col
Of
NINE PRR CENT,
and II Is believed that on the completion Of n
road, like the Government Bonds, they Will 4
above par. The Company intend TO sell but
limited amount at the present low rate, and retail
the right 10 advance the price at their option.
subscriptions will DO received Ia Now York
tho
Continental National Bank, No. 7 Nassau ST.,
Clark, Dodge h Co., Baakers, 81 We'll ST.,
John J. Cisco a Son, Bankers, No. 80 Wall 81
and by BANKS AND BANKERS general
throughout the United states, OF whom maps au
descriptive pamphlets may DO obtained. The
will also DO sent by mall from the Company's o
Zee, No. 20 Nassau Street, New York, on appl
cation. Subscribers will select their own Agsn
In whom they have confidence, who alone will
responsible to them for the safe delivery OF d
bonds. JOHN J.cIsco,
Treasurer.
juno 7.3m New York.