Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-10
SIX PER CENT. IN GOLD,
NINETY CENTS ON THE DOLLAR.

ped, and trains are regularly running over it. The
Company has now on hand sufficient irou ties etc.
to finish the remaining portion to the eastern base of
thu Rocky Mountains, 2l2 miles, which is under
contract to be done September lst of this ar and
it is expected that the entire road will be in running
order from Omaha toi we.ter connection with the
Central Pacific, now being pid'y built eastward
from Sacramento. CAL. during 1870.
MEANS OF The COMPANY.
Estimating the distance to he built bv the Union
Pacific to he Sos nile the United States Govern
ment issus its Six per cent Thirty-y ear Bonds to
the Go pany as thu road is finish at the average
rate of about S2s.25o per mile amounting to $44,-
2Os, 900 --. -
The Company s also permitted to issue its own
First Mortgage Bonds to eq lal amount, and at
the same time VIII eh by ecial Act of Cong ess are
made First Nor gage on the entire line the bonds
of the United States being sli6oTdiHoteto til M.
The Government makes donation of l2, 200 acr
of land to the mile, amounting to 81. .O31 900 acres,
estimate to be worth $780, 900 co., making the total
1esource exclusive Of the capital, Slls 46 O0O but
the full value of tn lands cannot now be IT alized
The authorize Cs9ital Stock of the Company is
one hundred eilliOn dollars of which five millions
have airesdv been raid in. and of which it is not
supposed thst than twenty-fv millions at
most will be req iire'.
The cost of the read is stma,ed by competent
en.ine RS to be about hundrel million dollars,
exclusive of equipm mt.
PROSPECTS FOR BU INrSS.
Th' raiir ad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific on the sections already finished for the I st
two weeks in May were s1r3.nOO. These sectional
earnings the road progresse will much more than
pay the interest on he Con psny's bonds, and the
through business the only line of rsi'ro d be-
tween the Atlantic and Pscifc must be immense.
VALUE AND Sc URITY OF THE BONDS.
The Com any respectfully submit, that the above
statement of facts fully demonst ales the security
Of their Bonds, and aiditi nal proof they wou d
suggest thatthe Bonds oferel are less than ten
millions dollars on 5l7 mile of road, on which over
twenty million doll have already been expended;
on 800 miles of this road the now running,
and the remaining ls7 miles nes: ly completed.
At the present rate of premium on geld these
bonds pay annual interest the present cost of
NINE PER CENT,
And It is believed that the fletion of the road
like the Government Bonds, they will go above par
e Company intend to sell but limited amount
at the ent low rate. and retain the right to ad
vance the price az their option.
Subscriptions will be re ,eived in New York BY
the
Continental National Rank, No Nassau St.,
Clark, Doc gs & Co. Bankers 81 Wall St.,
John j. Cisco &scn, ankers, No. SO Wall St.,
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 con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds.
JOHL J CISCO, Treasurer,
New YORK.
may3o- -daw3m-ins-r