The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-08-24
4 FINANCIAL.
FINANCIAL.
TIE UNION PACIFIC RAILROAD
THE FIRST MORTGAGE BONDS,
INTEREST,

SIX PER GENT. IN GOLD,
Are offered for the present at NINETY CENTS
ON THE DOLLAR, and Accrued Interest
at Sir Per Cent. in CturencyJrOm July1.
The Company would state that their work continues
to be pushed forward with great rapidity. and
425 Miles West from Omaha are Now In
Operation,
And stocked with locomotives, cars. and all the ap.
purtenances OF a tirst-class road.
The amount already paid in by stockholders Of the
Company is S5,OOO,OOO
The aid received from the United States Govern.
ment in constructing this portion of 425 miles Isl:
lands to the mile (neary ali very
Valuable), amounting to-........... 5,440O00 acres
2. u s. Six Per Cent. Currency Interest
Bonds, which are a second lien at
amounting, for 425 miles. to..."..... s6,sOOOOO
The amount of the Company IS own First
mortgage Bonds on 425 miles is...." 900
1t will be seen that ercJsive Of the land grant, the
First Mortgage Bonds represent only about one-trd
OF the value OF the property which they
The Company is also restrained by its Charter from
Issuing It's bonds except the work progresses
,he amount The VarouS sections as are issued by
the Government The mortgage which secures the
bondholders is made Hon. E. d. Morgan u S sena.
tor from New York, and Hon. Oakes Ames Member
OF the u s. House of Representatives from Massachu
sets, as Trustees who alone issue the Bonds to
the Company and who are responsible for tn issue
In strict accordance with the terms of the law.
statement of the earnings for the last quarter will
be published in detail at early day the accounts
are already sufficiently balanced to show that the net
amount is much greater than the gold interest the
Bonds that can be issued the length of road ope-
rated II should be remembered that these earnings
are only upon '0oy business in and undeveloped
country, and are index the vast traffic that must
follow the completion of the whole line TO the Pacific
In 1870 These facts only intended to show that
these Bonds strictly ofthe safest as well as one
OF the most profitable securities and fully entitled
to the confidence of the public. The COMPANY malse
no appeal to the public to purchase its Bonds as the
daily subscriptions are large, and fully equal to their
wants.
Many parties are taking advantage of the present
high price Of Government stocks to exchange for
these Bonds which are Is per cent cheaper and.
at the current rate OF premium gold, pay
Over Nine Per Cent. Interest.
subscriptions will be received in Philadelphia by
THE TRADEsMENs NATIONAL BANK
DE HAVEN & BROTHER,
WILLIAM PAINTER d CO.
TOWNSEND WHELAN g. CO.,
]. E. LEWARS d CO.,
+. STEEB.
In Wilmington, Delaware by
r. r. ROBINSON & CO.,
JOHN McLEAR d SON.
And in New York at the Company's Office. No 20
NASSAU Street. and by the
CONTINENTAL NATIONAL BANK,
No. z NASSAU street
CLARK, DODGE g. CO.. BANKERS
. No. 81 WALL street.
JOHN j. CISCO d son, BANKERS,
NO. SS VAIL street.
And by BANKS AND BANKERS generally through.
out the United States. of wnom maps and DESCRIPTIVE
pamphlets may be obtained.
JOHN ). CISCO, TREASURER,
NEW YORK
August 10, 1867. 20 tuthsst