Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-08
SIX PER CENT.IN GOLD,
NINETY CENTS ON THE pnLLAR.

This road is already completed to Julesburg 316
miles west of Omaha and is fully equipped and
trains are regularly running over it. The Company
has hand sufficient iron. ties, etc., to finish
the remaining portion to the eastern base of the
Rocky Mountains, 14l miles, which is under con-
tract to be done in September of this ar ard is
expected that the entire road will be in running order
from Omaha toi 8 western connection with the Gen.
trail Pacific, now being rapid y built eastward from
Sacramento. CAL, during 1870. "
MEANS OF THE COMPANY.
Estimating the distance to be built bv the Union
Pacific to be 1865 mile the United States Govern
ment issus its Six per cent Thirty-y ear Bonds to
the Coz psny as the road is finish at the average
rate of about $2s $50 per mile. amounting to a.,
2Os 600.
The Company ia also permitted TO issue its own
First Mortgage Bonds to an equal amount, and at
the same time, VIII ch by srecial Act of Cong
made First Nor gage the entire line. the bonds
of the United States being subordtnatetO them.
The Government makes donation of y 800 acr
of land to the mile. amounting to 300 600 acres.
estimated to be worth $50 600 OOo making the total
resources exclusive of the capital $lls 900; but
the full value of tn lands cannot now be realized
The authorized Capital Stock of the Company is
one hundred pillion 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.
The cost of the road is estimated by competent
en- inc rs to be about one hundred million dollars
exclusive of equipment.
PROSPECTS FOR BU'lNFSS.
The railroad connection between Omaha and the
East is complete. and the earnings of the Union
Pacific the sections already finished for the hrst
two weeks in May were $1I3.OOo. These sectior al
earnings as the road progreSe will much more than
pay the interest on The Companys bonds, and the
through business over the only line of railro ID be-
tween the Atlantic and Pacific must be immense.
VALUE AND Sc URlTY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonst, ates the security
Of their Bonds, and additional proof they would
suggest that the Bonds offered are less than ten
millions dollars 5l7 mile of road on which over
twenty million dollars have already been expended;
on $50 miles of this road the running.
and the remaining 1877 miles nearly completed.
At the present rate of premium on gold these
bonds pay annual interest on the present cost of
NINE PER CENT,
And it is believed that the completion of road
like the Government Bonds, they will go above par
Toe Company intend to sell but limited amount
at the present low rate. and retain the right to ad
vance the price at their option.
Subscriptions will be received in New York by
the
Continental National Bank, No NASSAU St.,
Clark. Dodge Co. Bankers 81 Wall St.
John ]. Cisco Son, ankers, No. SO wallsL,
AND BY
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
fdence. who alone will be responsible to them for
the safe delivery of the bonds.
JOHL }. CISCO, Treasurer,
NEW \ oRK.
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