Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-08-01
SIXPER CENT. IN GOLD
don l. t,l d.. ,Ei- aa- l .Ts.- apt ..
1e-t .-5 .f-
NINETY CENTS ON THE DULLAR.


This roadis slresdy completed to Julesburg, 37s
miles west of Omaha, and is fully equipped. and
trains are regularly running over it.. The Company
has now hand sufficient ron ties. etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains, 14l miles, which is under con-
tract to be done in September of this ar aud it is
expected that the entire road will be in running order
from Omaha toi's western connection with the Cen
trail Pacific. being rapidly built eastward from
Sacramento. Cal. during 1870 l..--,. ~.
fo -rl1a. MEANS Or The COMPANY. s-.rs
Estimating the dis aDce TO b. built by the Union
Pacific to be 5e5 mil s. the Uni'ed States Govern
ment issues its Six pr cent. Thittyyear bonds to
the Company as tie road Is fnishei at the average
rate of about SIS $50 per mile amounting to s44,-
pos. 900. ..lf-S- -l.r 4cs i,s.... a-- ....tu
rl 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 Iine the bonds
of the United States being Subordinate to them.
The Government makes donation of Il, 500 acr
of land to the mile, amounting to 900 600
estimated to be worth sSOOOoOOO. making the total
resources exclusive of the capital Sis 4l6 OOo but
the full value of tn lands cannot now be realized.
The authorized Capital Stock of the Company is
one hundred million dollars, of which five millions
have alresdy been paid in. and of which it is not
supposed that more than twenty-five millions al
most will be required. ~ -... r H.. r i.r,. ,
The cost of the road is estimated by competent
enainesrs to be about one hundred million dollars
exclusive of equipment. ...l 3- + -.....,.
PROSPECTS FOR BUSINESS. 90
The railroad connection between Omaha and the
East is complete and the earnings of the Union
Pacific the sections already finished for the first
two weeks in May were $4,000. These sectional
earnings the road progresses will much more thar
fhai inFa fha nvJah md H.
through business over the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS.
The ComI any respectfully submit, that the above
statement of facts fully demonstrates the security
of their Bonds, and as additional proof they would
suggest that the Bonds offered less than ter
millions dollars 517 miles of road on which ovel
twenty million dollars have already been expended
ON $50 miles of this road the are running
and the remaining 1877 miles are nearly completed.
At the present rate of premium on grld these
bonds pay annual interest the present cost Of
li sss NINE PER CENT,
And It is believed that on the completion of the
like the Government Bonds, they will go above par
Tre Company intend to sell but a limited amount
at the present low rate and retain the right to ad-
vance the price at their option.
Subscriptions will be received in New York BY
the
Continental National Bank, No Nassau St.,
Clark, Dodge & Co.. Bankers. 81 Wall St..
John ]. Cisco & Son, Fankers, No. SS Wallsr.,
AND BY
RICKLY & BRO, Columbus, Ohio,
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 Office, No. 90 Mas
san street New York on annlicafion SuhScriher
will select there Agents in whom they have con
fdence, who alone will be responsible to them fo
the safe delivery of the bonds.
-H-. JOHL CISCO, Treasurer,
~. NEW oRK.
mayso-dawsm- ell - , 7T-1