The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-06-21

UNION PACIFIC
RAILROAD CO. i
Are now constructing Railrosd from
OMAHA, NEBRASKA, !
westwa fd toward the Pacific Ocean. MAXI
ing, with its connections, an unbroken
line 81 ftfeas,~s 81 fFff fassf sfft f-as
ACROSS THE CONTINENT.
TheCompany now offer a limited amount
FIRST MORTGAGE BONDS, a
having thirty years to run and bearing 4
annual interest. payable on the hrst day
of Jan ary an d July, in the City of New
q SIX PER CENT, IN GOLD, q
sIss Dtis go' at e 100 s's s.- i
Ninety Cents on the Dollar.
This road was completed from Omaha
sos miles west on the fst of January, 1867.
and is fully equipped, and trains are regu-
now ON hansa ire ion aR etc.,
finish the remaining portion to the east
ern base of the Rocky Mountains, BIZ
September LIST of this year; and it is ex-
pecJed that the entire road will be in run
ming order from Omaha TO us western
beina rapidly built eastward from Saera-
mento, CAL, during 1870. asf.s q4r +
Means o.. the Company. i.
the Union Pacific to be 1855 miles, the.
United states Government issues Its Six
per Cent. Thirty Year Bonds to the Com
pany as the road is finished, at the average
rate Of abouts $3.50 per mile. amounting to.
Tie Com pany is also permitted to issue
amount, and at the same time; which. by
special Act OF Congress, are made a First
Mortgage on the entire line, the bonds of
the United States being saa6ordjrate to Them:
The Government makes donation of
1880 acres Of land to the mile, amounting
TO e, 032 900 acres, estimated to be worth
elusive of the capital, 81 8, Al, 600: but the
full value of the lands cannot now be real
lied. aua - 49, A4A ..ll
The autho lied Capital stock of the Com
pany is one hundred million dollars, OF
which five millions have already Teen
paia land of which 1T Is not supposed
that more than twenty five millions at
most will be required.
h The cost of the road is estimated by COM
petent engineers to be about one hundred
million dollars, exclusive Of equipment.
aibsua Prospects for Business. 9ida
1.-THE railroad connection between Omaha
and the East is now complete, and the
sions aiready e tnisRs FOR HE frss two two
weeks IN May were $4,000. These sec-
tional earnings as the road progresses will
Com pany's bonds, and the through busi-
ness over the only line of railroad between
tine Atlantic and Pacific must be immense.
Value and Security of the Bonds.
T The Company respectfully submit, that
1 the above statementof facts fully demon
strates the security of their Bonds; and as
additional proof, they would suggest that
the Bonds now offered are less than ten
million doffars on 81 miles of road. on
which twenty mill n dollars. have al
roid the cars are now running, and the re-
m aing 1877 miles are nearly completed.
At the present rate of premium on gold.
these bonds pay an annual interest on the
present cost of
Nine per Cent,
and II is believed that on the completion
| OF the road, like the Government Bonds,
| tend to sell but limited amount at the
present low rate. and retain the right to
Subscriptions ,e viii be be- received in New
| York by the na
| No. Nassau Street:
| CLARK, DODGE g. Co., Bankers,
| fo 81 Wall Street;
JOHN ]. CISCO & soN, Bankers.
| and by Banks and Bankers generally
| throughout the United States, of whom
| maps end descriptive pamphlets may be
from the Company's office, No. 20 Nassau
Street, New York, on application. Sub
i scribers will select their own Agents. in
| whom they have confidence, who alone
| will be responsible to them TOR the SAFE
delivery of the bonds.
JOHN j. CISCO,
| 497a Treasurer,
4. may90 dxw3r NEW WORK