The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1867-07-19

Railroad from
: OMAHA, NEBRASKA,
westward toward the Pacific Ocean, making with lbs
connections unbroken line
ACROSS THE CONTINENT.
The Company now offer a limited amount Of thsl,
FIRST MORTGAGE BONDS
AT NINETY OTIS. on ihs DOLLAR
This read is already complsted to Julssburrh, sIt
miles west Of Omaha. and to fully equipped, and
has hand Sufficient iron, ties, etc., to 6niEh
the remaining portion to the eastern base Of the
Rocky Nountains 14 miles, which 10 under contract
to be done In September Of this year. and n Is expect
ed that the entire road viii bs In running order
from Omaha to It's western connection with .he
Central Pacific now being rapidly built eastward from
Sacramento, California, during 1870. -,
~ MEANS OF THE COMPANY. e
Estimatipg the distance to be buiIt By the U nion
Pacific to Be- 1565 miles, the nitsd States Govern
meut issues its Six per cent. Thrty-year Bonds "a
the Company ss the road Is finished at the sserags
rate Of $9S,250 per mile amounting to $44 206 600
The CompanJ is also permitted to issue its owa
First Mortgage Bonds to sn equal amount, and Il
the same time, which By special Of Ceperess are
%sas Is Eiss nS,.Es On the sns.. .s .hs bOn'
The Government makes donatibR Of II 500 scres
Of land to the mile, amounting to 20 03 COO seres
sstisated to bs worth $50, 00o making the total
resources, exclusive Of the capital, oeg: but
the fall value Of the landI cannot now Be realzed
The authorized capital stock Of the Company q
one hundred million dollars, Of which ave millions
have already been paid in, and Of which II is not
supposed that more than twenty eve millions st
most will be required.
The cost ef tha road is estimated By sonpstsns
engineers to be shout one hundred million dollars
exclusive Of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East ia complete, and the earnings Of the Union
two weeks in May were $ll3,eoo. These sectional
earnings as the road progresses will much mors than
pay the interest on the Company's bonds, and the
through husiness the only line Of rkilrozd be-
tween the Atlantic and Pacific must bs immense. "a
VALUE AND SECURITY Of the BONDS.
The Company respectfully submit that the above
statement Of facts JULY demonstrates the security
q sns soHa soW sPs -. hsn nossS s.n
million dollars 617 miles Of road, on which over
Lon $50 miles Of this road the are now running
and the remaining ls1 miles are nearly eompeted.
At the present rate Of premium on geld these
Bonds pay anuual Interest on the present cost Of
NINE PER CENT,
and it is believed that on the completion Of the road
ike the 0oFernmens DOnoss tnoy VII 30 aDoTe PAY.
The Compasy intsnd to sell but limited AMOUNT .:
the low rate, and retain the right to sd7znce
the price st their option.
Subscriptions win be received in Nsv Yorh By the
CoNT,xExrAL NATIONAL BASk, No Nasssu ST.,
CLARK, D0DGs b CO., Bnnkers, 81 Wall st., 4 r /
JoKS J. Cssoo Soy, Bankers, No % Ean 81,
and bT BANKS esl Bsskers generally fhreurhout ne
Uniied states, q whom maps ssd descriptive PAM
plets may -hs ohtaineds Thex viii also Be- ur1f ~
nail frsz Tie CSmpah5 once, No. 70 Nassau street
New York, on application Sahsczibsrs viii select
their own sgsnn fn whom thsy have yseon6dspes, who
alone win Be responsible to them for the safe dsy.
sfy Of the Bonds.
JOHN j. CISCO, TREASURER,
24m3 -..st... ...t ,s- New York. 4