The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-08-08
Ninety Cents on the Dollar.


This road is already completed to Julesburgh, 37s
miles west OF Omaha. and is fully equipped, and
trains are regularly running over IL. The Com
pany has now on hand sufficient iron. ties, etc. to
finish the remaining portion the eastern base of
the Rocky Mountains, 141 miles, which is under
contract to be done in September of this year. and
ming order from Omaha to its western connection
with the Central Pacific, now being rapidly built
eastward from Sacramento, CAL, during is7o.
Means of the Company.
Estimating the distance to be built by the Union
Pacific to be 565 miles, the United States Govern
ment issues its six per cent Thirty-year Bonds to
the Company the road is finished at the average
rate of about $2s,250 per mile, amounting to $44,
208, ,000 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 Com
gress made First Mortgage on the entire line,
the bonds of the United States being subordinate to
them. The Government makes donation of H.
500 acres OF land to the mile, amounting to 032,
600 acres estimated to be worth $50, ,000 000 max
ing the total resources, exclusive of the capital,
118 900; 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 have already been paid in, and
OF which 1t is not supposed that than twenty
nve millions at most will bd required. The cost of
the road is estimated by competent engineers to be
about $lOO, 900, exclusive of equipments.
Prospects for Business.
The railroad connection between Omaha and the
East is now complete, and the earnings of the Union
ct May were 1851 1882. These sectional earnings
| the road progresses will much more than pay the
| interest on the Company's Bonds, and the through
business over the only line of railroad between the
| Atlantic and Pacific must be immense.
VdJtte and Security of the Bonds.
The Company respectfully submit, that the above
statement of facts fnly demonstrates the security
| OF their Bonds, and additional proof they would
suggest that the Bonds now offered are less than
ten million dollars on SIT miles of road, which
twenty million dollars have already been expended
on $50 miles of this road the cars running
and the remaining 1S7 miles nearly completed
| At the present rate of premium on gold, thess
bonds pay an annual interest their presentcost
Nine per Cent,
and it is believed that the completion of the
like the Government Bonds, they win go above par
The Company intend to- sell but limited amoun
OF the present low rate, and retain the right to ad
vance the price at their option.
Subscriptions will be received in N. York by the
| CONTINENTAL NATIONAL BANK, No. Nassau ST.,
CLARK, DODGE Co., BANKERS, 81 Wall ST.,
JOHN ]. CISCO Co., BANKERS, No. 33 Wall St.,
andby 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 20 Mas
sau Street, New York on application. Subscriber
will select their agents in whom they have con
fdence, who alone will be responsible 10 them 70
the safe delivery of the bonds. no.
JOHN j. CISCO, Treas.
Subscriptions taken at the First Nationa
Bank, Upper Sandusky, Ohio. jl11-3m