The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-06-22
Ninety Cents on the Dollar.

NDl6ty Cents on tie D0ttdr.
This road completed from Omaha 30j miles on
the LIST of January l67 and fully equipped, and trains
regularly running it. The Company has hand
sufficient ron ties, etc. finish the remaining portion
the base of the Rocky Mountains, 2l2 les which
under be done September lt of this year. and
is expected the Rad will be running order
Omaha to its western connection with the Central Pacific,
being rapidly built eastward from Sacramento, Cal,
during 1870
Means of the Company.
ESTIMATING. distance be built by the Union Pacific
to be sos miles, the United States Government its
Six per Thryyear Bonds The Company the road
is finished the average .f about SIS $50 per mile,
amounting to al EOS 900
The Company is also permitted to issue its Firs
Mortgage Bonds equal amount and the ,ine
which by special Act Of Congress made First Mortgage
on the entr. line bonds Of the United States being sub
ordinate to them.
The Government makes donation Of L. 500 of land
the mile, amounting 2OO32ooJ acres, estimated to he
worth S00oo0oo making the total Resources, exclusive
the capital Sis 900 ~, the full value OF the lands
not be realized.
The authorized Capital Stock Of the Compony hun
bred million dollars which five millions have already been
paid n and Of which ii not supposed that more than twen
tyfve millions at most will he required.
The the road is estmatedIty competent engineers
to be about one hundred million dollars exclusive equip
ment
Prospects for Business
The irosdsconnection between Omaha and the East is
now complete and the earnings Of the Union Pacific the
already finished for the first two weeks in May were
$4,000 These sectional earnings as the road progresses
will much than pay the interest the Oompanys bonds
and the through business the only line Of railroad be-
tween the Atlantic aud Pacific must be immense.
Value and Security of the Bonds
The Company respectfully submit that the above state
ment Of facts fully demonstrates the security of their Bonds
and aid nal proof they would suggest that the Bonds
now offered are million dollars 5l7 miles of
road, on which twenty million dollars have already
been expeule.n $50 miles of this road the
running and the remaining Isl miles nearly completed
At the present rate of premium gold these bonds pay
| annual interest on the present costof
Nine Per Cent,
and it Is believed that the completion of the road like the
Government Bonds they will 20 above par The Company
intend to sell but limited amount at the present low rate
and retain the right % advance the price their option
Subscriptions will be received in New York by the
CONTINENTAL NATIONAL E>SK, No. Nassau ST.,
! CLARK DoDGE & Co, BANKERS, IL Wall St,
JONI j. Cisco 4 SoS, BANKERS, No. 80 Wall St,
and by BANHS AND BANKERS generally ,hyoughor the
United States of whom map, and descriptive anpet, may
be obtained They will also be sent by mail from the COM
ponys Office No. 90 Nassau Street. New York. application
Subscribers will sci ect their Agents in whom they
confidence who alone will he ie-pon Lle them for the
safe deliver, of the bonds, JOHN j. CISCO, Treasurer,
NEW YORK
Subscriptions received at the NATIONAL CITY BANK
Ottawa. June S,3m sp.