Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-06-29

.-' l".t - 4 , ,-IltItI
UNION PACIFIC
RAILROAD COMPANY,
Are now constructing Railroad from
MAHA, NEBRA ASIA,
westward towards the Pacific Ocean, making with
Its connections an unbrokon line ai
ACROSS THE CONTINENT.
The Company now offer limited amount Of their
FIRST MORTGAGE BONDS
having thirty years to rum and bearing annual In
terest payable on the first days Of January and July
in the City Of New York, at the rate Of
Six PER CENT. IN GOLD,
Ninety Cents ON the Dollar.
This road was completed from Omaha 3O5 miles
the LIST Of January, 1867, and Is fully equip
ped, and trains are regularly running over it, The
Company has on hand sufficient iron, ties, etc.,
the Rocky Mountains Zl2 miles, which is under con.
tract to be done September LIST Of this year. and it is
expected that the entire road will be In running Or
der from Omaha to its western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, Cal, during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be ,565 miles, the United States Govern
ment Issues Its Six per cent Thirty-year Bonds to
the Company as the road Is finished at the average
rate of about $50 per me amounting TO S44 2OS,
000 .--.- ,.'--- ~ go.
The Company Is also permitted to issue its own
First Mortgage Bonds to 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 a donation Of IL, 500 acres
of laud to the mile, amounting to 20032000 acres,
resources exclusive ofthe capital, 900 but
the full value Of the lands cannot now be realized
The authorized Capital Stock of the Company is
one hundred million dollars Of which i've millions
have already been paid In, and Of which 1t Is not
supposed that more than twenty five millions at most
will be required.
The cost Of the road Is estimated by competent en-
gineers TO be about one hundred million dollars ex-
elusive Of equipment. H.a"
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and tho
East is complete, and the earnings Of the Union
Pacific on the sections already nished for the first
two weeks in May were $ll3,000. These sectional
earnings as the road progresses will much more than
pay the interest on the Companys bonds, and the
through business the only line Of railroad be-
tween the Atlantic and Pacific must be immense
Value and Security of she Bonds.
The Company respectfully submit, that the above
statement Of facts fully demonstrates the security Of
their Bonds, and additional proof they wcu!d sug
gest that the Bonds offered less than ten mil
lion dollars SIT miles Of road, which twen-
ty million dollars have already been expended -
on $50 miles Of this road the now running,
and the remaining 1877 miles nearly completed.
At the present rate Of premium on gold these
bonds pay annual interest on the present cost Of
| Nine Per Cent,
and IL Is believed that the completion Of the road
! like the Government Bonds they will 90 above par
The Company intend 10 cell but limited amount Al
the present low rate and retain the rghtto sdvanc,
| the price at their option.
Subscriptions will be received In New York by The
| CONTINENTAL NArIosAL Back, No. Nassau St.
CLARK, DODGE b Co., BANKERS, No. 81 Wall ST..
| JOHN J. Cisco & Sos, BANKERS, No. 83 Wall 81.
and by BANKS AND BANKERS generally through
| out the United States, OF whom maps and descrip
tive pamphlets may be obtained. They will also B,
sent BY mail from the Company's Once, No 20 Mas
sau Street, New York, on application. Subscriber
will select their own Agents In whom they have con
fdence who alone will be responsible 10 them for th
| safe delivery Of the bonds.
JOHN J. CISCO,
Treasurer,
| NEW YORK.