Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-14
s1XPER CENT. IN GOLD,
NINETY CENTS ON THE DOLLAR.

This road was completed from Omaha 3o5 miles
west the fist of January, 1867 and is fully equip
ped, and trains are regularly running over it. The
Company has now on hand sufficient iron, ties etc ,
to finish the remaining portion to the eastern base
- the Rocky Mountains. 2l2 miles, which is under
contract to be done September LIST of this year and
it is expected that the entireroad will be in running
order from Omaha to its western the
Central Pacific, now being rapidly built eastward
from Sacramento, CAL. during 1s7o.) ias
"t MEANS Of THE COMPANY. 'sl.3
Estimating the distance to be built by the Union
Pacific to be 1855 mile j, the United States Govern
ment issus its Six per cent. Thrty-,ear Bonds to
the Company as the road is finished at the average
rate of about $2s 25O per mile, amounting to $44-
2CbOO0.
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount, and at
the same time. which by special Act of Cong are
made First Mortgage on the entire line the bonds
of the United States being su6ordinateto tsenp.
The Government makes donation of Is. 800 8
of land to the mile. amounting to 2OOsa geo acres
estimated to be worth $50 coo. making the total
resources, exclusive of the capital Sis OOO but
the full value of tn lands cannot 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 at
most will be required. .fu.i. a@ -f.'Il
The cost of the road is estimated by competent
eneineers to be about one hundred million dollars.
exclusive of equipment. tnE
.. PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is complete, and the earnings of the Union
Pacific on the sections already finished for the fist
two weeks in May were $4,000. These sectional
earnings the road progresses will much more than
pay the interest on the Company's bonds, and the
through business the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS.
The Conn 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 are less than ten
millions dollars SIT mile of road on which over
twenty million dollars have already been expended:
ON $50 miles of this road the cars are now running
and the remaining 1877 miles are nearly completed.
AT the present rate of premium gold these
bonds an annual interest the present cost of
NINE PER CENT,
And it is believed that the completion of the road,
like the Government Bonds. they will go above par
7 Company intend to sell but limited amount
at the present low rate and retain the right to adj
vance the price at their option. ..tt t
Subscriptions will be received in New York by
the ...E ..Hi .lr'
Continental National Bank, No Nassau St.,
Clark, Dodge Co. Bankers. 81 Wall ST.,
John ]. Cisco s. Son, Rankers, No. SO Wall St.,
AND BY ..In -gnr
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 be
sent by mail from the Company's Office. No. 90 Mas
sau street. New York. on application. Subscribers
will select there Agents in whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. ..,. -,
JOHLJ CISCO, Treasurer,
......-.- ..,.--I g. t..r NEW YORK.
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