Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-07-27

UNION PACIFIC
RAILROAD COMPANY,
Are now constructing Railroad from
ON A HI A, NERRASKA,
westward towards the Pacific Ocean, making with
its connections an unbroken line
A c ROSS t u e co Mt L " e MT.
The Company now offer limited amount of their
FIRST MORTGAGE BONDS
having thirty years to run, and bearing annual in
teres 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 3U5 miles
west the LIST Of January 1857, and is fully equip
ped, and trains are regularly running it. The
Company has on hand sufficient iron, ties, ETC.,
to finish the remaining portion to the base of
the Rocky Mountains 2l2 miles, which is under con-
tract TO be done September LIST of this year. and s
expected that the entire road will be in running
der from Omaha to its western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, Cal, during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be l., ,565 miles the United States Govern
ment issues its Six per cent Thirty year Bonds to
the Company as the road is finished at the average
rate of about $2S 25O per mile amounting to S44 208
900.
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 Congress are
made First Mortgage on the entire line, the bonds
Of the United States being subordinate to them.
The Government makes a donation of IL, 800 acres
Of land to the mile amounting to 20,032,000 acres,
estimated to be worth $50 900 000 making the total
resources exclusive Of the capital, SllS 900 but
the full value ofthe lands cannot now be realized.
| The authorised Capital Stock of the Company is
one hundred million dollars of which five millions
have already been paid in, and Of which it is not
supposed that more than twenty millions at most
will be required.
The cost of the road is estimated by competent en-
gneers to be about one hundred million dollars, ex-
~ pR6SPECTs FOR BUSINESS.
| The railroad connection between Omaha and the
East is now complete and the earnings of the Union
Pacific on tho sections already finished for the first
| two weeks in May were $4,000. These sectional
earnings as 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 be-
tween the Atlantic and Pacific must be immense.
Value and Security of the Bonds.
The Company respectfully submit, that the above
statement Of facts fully demonstrates the security
their Bonds, and as additional proof they would sug
gest that the Bonds offered less than ten mil
lion dollars sI7 miles Of road, which over TWEEN
ty million dollars have already been expended -
on $50 miles Of this road the running
and the remaining 1877 miles are nearly completed
At the present rate of premium on gold thes
pay annual interest on 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
The Company intend to sell but a limited amount
the present low rate, and retain the right advanc
the price at their option.
Subscriptions will be received in New York by th
CONTINENTAL NATIONAL BANK, No. Nassau St
CLARK, DoDaE 4 Co, BANKERS, No. 81 Wall St
JoHs J. Cisco d Son, BANKERS, No. SO Wall St
and by BANKS AND BANKERS generally through
out the United States, OF whom maps and descriI
tive pamphlets may be obtained. They will also
sent by mail from the Company's Office, No 20 Ma
sau Street, New York, on application Subscribe
will select their own Agents in whom they have
fdence, who alone will be responsible to them for Il
safe delivery Of the bonds .....
JOHN J. CISCO,
r.--- -- - Treasurer,
sss.a g.; .,u. .-r. NEW YORK.