The Portland daily press., 1867-06-11
Ninety Cents OF, the DoiiaY.

This road was completed from Omaha a0J lnia.
west, on the LIST of January, 1867, and is fully
equipped, and trains are regularly running over tt
The company has now on hand sufficient Iron, tbs,
etc. to finish the remaining portion 60 the eastern
base OF the Rocky Mountains, PIP miles, wliic IS
under contract to be done September lst OF iiiis
year, and it is expected that the entire road Will o
in running order from Omaha 10 its western conIce-
ton with the Central Pacific, now being rapi lily
built eastward from Sacramento, Cal, during $50.
Means Oh Iise Company.
Estimating the distance TO be built BY the Union
Pacific to be l,5G5 miles, the United States Govern
ment issues Its Six per cent. Thirty-ycar bonds 10
the Company the road 10 finished at the average
rate OF about S2s,250 per mile, amounting 10 S4!,-
POS 900.
The Company is also permitted to issue its own
First Mortgage Bones to an equal amount and ut
the time, which by special Act of Congress
made First Mortgage on the entire line, the bonds
of the United States being subordinate 10 them.
The Government makes donation Of Il 500 acres
land to the mile, amounting to 20 Oj2, 600 aCIcs,
estimated to be worth $50 100000, making the tea
resources exclusive Of the capital, Sis $1,000; 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 five millions
nave Siicduy bcCu pau anu VI WINCH II - liuL
supposed that than twenty-five millions at
most will be required.
The cost of the road is estimated by competent
engineers to be about one hundred milliC n dollars
exclusive Of equipment.
Prospects for Business.
The railroad connection between Omaha and tie
East is complete, and the earnings of the Union
Pacific on the sections already finished for the first
two weeks in May were SllS,OO0. These sectional
earnings, the road progresses, will much more
than pay the interest on the Company's bond, and
the through business over the only line Of railroad
between the Atlantic and Pacific must be immense.
Value and Security OF the Bonds.
The Company respectfully submit THAT the above
statement facts fully demonstrates The security
their Bonds, and additional proof they would sug-
gest that the Bonds offered are less than ten
million dollars on 517 miles of road on which
twenty million dollars have already been expendei
on $50 miles of this road the are now running,
and the remaining 1S7 miles are nearly completed.
At the present rate of premium on gold these
bonds pay an annual interest ON the present cost
Nine Per Cent,
and it is believed that on the completion Of the road
like the Government bonds, they viii go above pal
The Company intend to sell but limited amount at
the present low rate and retain the right to advance
the price at their option.
Subscriptions will be received in New York by the
CONTINENTAL NATIONAL BANK, No Z, Nassau st.
CLARK, DODGE & Co, BANKERS, 81 Wall ST.,
JOHN CISCO 81 Son, BANKERS. No. SO, Wall st
and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained. They
WIN also be sent by mail from the Company's Office
No. 20 Nassau street, New York, on application.
Subscribers will select their own Agents in whom
they have confidence, who alone will be responsible
to them for the safe delivery of the bonds.
John .. Cisco, Treasurer,
juue3d&w3m NEW YORK.