The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-06-28
FINANCIAL.
THE UNION PACIFIC
RAILROAD COMPANY

Are now constructing Railroad from
OMAIIA, NEBRA ASKA,
westward towards the Pacific Ocean. making with
its connections unbroken line
ACROSS THE CONTINENT.
The Company now offer limited amount of their
FIRST MORTGAGE BONDS,
Having thirty years TO rum bearing annual inte
rest, payable on the first days of JANUARY and
JULY. In the City of New York, at the rate of
SIX PER CENT. IN GOLD,
Ninety Cents on the Dollar.
This road was completed from Omaha 9O5 miles west
1st of January 1867 and is fully equipped and
trains regularly running over it. The Company
has now OIL hand sufficient iron ties, ETC. TO finish the
remaining portion to the eastern base of the Rocky
Mountains 2l2 miles, which is under contract to be
done September of this year. and 1t is expected that
the entire road will be in running order from Omaha
TO its western connection with the Central Pacific
now being rapidly built eastward from Sacramento
CAL, during 1870.
mBANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be 1865 miles, the United States Govern
ment issues its Six Per Cent. Thlrty.Year Bonds to
the Company the road is finished nc the average
The Company is also permitted to issue Its First
Mortgage Bonds to an equal amount and at the same
time, which BY SPECIAL ACT OF CONGRESS ARE
MADE FIRST MORTGAGE ON THE ENTIRE
LINE, the Bonds of the United states being s6ordt
nate 10 them,
The Government makes donation OF I2 800 acres of
land the mile, amounting 20 900 acres, estimated
TO be worth 0OO000o making the total resources
elusive Of the capital but the full value OF
the lands cannot now be realized.
49,
hundred million dollars, of which FIVE millions have
already been paid In, and OF which 1t is supposed
that more than twenty-five millions at most will be
required.
The cost of the road is estimated by competent eng
neers TO be about one hundred million dollars, exclu-
sive of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is complete and the earnings OF the Union
Pacific the sections already finished for the month
May S26l7s2 These sectional earnings as the
road progresses will much 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
| VALUE AND SECURITY OF THE BOMBS
The Company respectfully submit that the above
statement of facts fully demonstrates the security Of
their Bonds and additional proof they would sug-
| gest that the Bonds now offered less than mil
lion dollars 5l7 miles of road which twenty
million dollars have already been expenned On $50
| remaining ls7 miles are nearly completed.
| At the present rate OF premium gold these Bonds
| pay annual interest on the present cost of
| NINE PER CENT,
And is believed that the completion of the road,
like the Government Bonds. they will go above par.
The Company intend to sell but limited amount at
the present low rate, and retain the right advance
| the price at their option.
Subscriptions will be received in Philadelphia by
| THE TRADEsMEN'S NATIONAL BANK.
| DE HAVEN & BROTHER.
| TOWNSEND WHELEcN g. co.
]. r. LEwARS & co.
Subscriptions will be received in New York by the
| CONTINENTAL NATIONAL BANK, No. MAS
| SAU Street
CLARK. DODGE & CO., Bankers. No. 5l WALL
| Street.
JOHN J. CISCO q SON, Bankers, No. SS WALL
| Street,
And by BANKS AND BANKERS generally through
out the United States of whom maps and descriptive
pamphlets may be obtained. They will also be sent
by mail from the Company's Office, No. 20 NASSAU
Street, New YORK. application. Subscribers will
select their own Agents, in whom they have conf
dence, who alone will be responsible TO them for the
safe delivery of the Bonds.
JOHN J. cisco, TREASURER,
619 wfsm6t SD NEW YORK.