Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-06-21

| THE UNION
PACIFIC RAILROAD CO
Are now construction Railroad from
OMAHA. NEBRASKA,
westward towards the Pacific Ocean, making with
It's connections and unbroken line
ACROSS THE CONTINENT.
The Company now offer limited amount OF their
FIRST MORTGAGE BONDS
having thirty years to run and bearing annual
interest, payable on the first d V of January and
July, in the City of New York, at the rate OF
SIX PER CENT. In GOLD,
Ninety Cents on the Dollar.
p This road was completed from Omaha 1856 miles
west on the lst of january, 1867, and is fully
II. The Company has now on hand sufficient iron,
tics etc, to finish the femsining portion to the
eastern base OF the Rocky Mountains, PIP miles,
which is under contract to be done September list
of this year, and IL s expected that the entire road
II be In running order from Omaha to its western
connection with the Central Poetic, now being
during 1870.
Means IF the Company.
Estimating the distance to be built by the Union
Pacific to be ,5G5 miles, the United states Govern.
mcnt issues Is Six per cent. Thirty ear bonds to
the Company rs tn road is finished at the average
rate of about S2S,2oO per mile, amounting 10
81, 20S,000.
The Company is also permitted to issue its own
FIRST Mortgage Bonds to an equal amount and at
the same time, which by special Act of Congress
are made First Mortgage on the entire line. the
bonds the United States being subordinate to
hem.
The Government makes donation of 2,S00
acres of land to the mile amounting TO 20 052, OG0
acres estimated to be worth s3o.0oo,000; but the
full value of lands cannot now be realiz ed.
| The authorized Capital Stock of the Company is
one hundred million dollars, of which five millions
have already been paid in and Of which i is not
supposed that more than twenty five millions at
most will I've required.
The cost OF the road is estimated by competent
engineers to be about one hnndred million dollars
exclusive of equipment.
Prospects Of Business.
The railroad connection between Omaha and The
East is now complete, and the earnings of the
Union Pacific on the sections already finished for
the first two weeks in May were S1l3,000. These
sectional earnings the road progresses will
much more than pay the interest on the Com.
panys bonds, and the through bu mess the
only line of railroad between the Atlantic and
Pacific must be immense.
Talue and Security ofMe Bonds.
The Company respectfully submit, that the
above statement OF facts fully demonstrates the
security OF their Bonds, and additional proof
they would suggest that the bonds now offered are
less than ten million dollars 81 miles of road
On which over twenty million dollars have already
been expended ON 800 miles Ofthis road the cars
are now running, and the remaining Isl miles Z
nearly complet, d.
At the present rate of premium on gold these
bonds pay an annual interest on the present cost
of
Nine per Cent,
and it is believed that on the completion of the
road, like the Government Bonds, they will go
above par. The Company intend to sell but Il
limited amount at the present low rate and retain
the right to advance the price at their opOn.
subscriptions will be received i'll New York by
the
CoHTISENTAL NATIONAL BANK, No. Nassau S t.,
CLARK, DODGE & Co, BANKERS, 81 Wall St,
JOHN J. CISCO u SON BANKERS, IS Wall ST.,
and by BANKS NDBANKERS generally through
out the United States, of whom maps and descrlp-
tive pamphlets may be obtained. They will also
be sent by mail from tie Company's ONCE, No. 20
Nassau Street, New York, on apple alton. Sub
scribers will select their A gents in whom they
have confidence, who alone will be responsible to
them for the safe delivery of the donds.
JOHN j. CISCO,
Treasurer,
sm20 NEW YORK.