The evening Argus., 1867-07-20
Ninety Cents on the Dollar.

37S miles west of Omaha, and is fully equipped.
and trains regularly running over it
The Company has now on hand sufficient
iron, ties, ETC., to finish the remaining portion to
the eastern base of the Rocky Mountains, l41
miles, which is under contract to be done in Sep
tember of this year, and it is expected that the
entire road will be in running erder from Omaha
to its western connection with the Central Pacific,
now being rapidly built eastward from Sacramen-
to, Cal, during 1870.
Means of the Company.
Estimating the distance to be built by the Union
Pacific to be ,585 miles, the United States Gov
ernment issues its Six per cent Thirty-year bonds
to the Company the road is finished at the
erage rate of about $2S,25e per mile, amounting
to $44,2Os, 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
made First Mortgage on the entire line, the
bonds of the United States being subordinate to
them.
The Government makes donation of Il, 500
of land to the mile, amounting to 20, ,032 GOO
acres, estimated to be worth $50, 100000, making
the total resources exclusive of the capital Sils,
4I6 900 but the full value of the lands cannot
now be realized.
The authorized Capital Stock Of the Company
is one hundred million dollars of which five mil
lions have already been paid in, and of which it
is not supposed that more than twenty five mil
lions at most will be required.
The cost of the road is estimated by competent
engineers to be about one hundred million dollars,
exclusive Of equipment.
v Prospects for Business.
The railroad connection between Omaha and
the East is now complete, and the earnings of the
Union Pacific the sections already finished for
the first two weeks in May were $4,000. These
sectional earnings the road progresses will
much more than pay the interest on the Compa
ny's bonds, and the through business over the
ly Line of railroad between the Atlantic and Pa
cifcmust be immense.
Value and Security Of the Bonds.
The Company respectfully submit, that the
above statement of facts fully demonstrates the
security of their Bonds, and as additional proof
they would suggest that the Bonds now offered
are less than ten million dollars 517 miles of
road, on which twenty million dollars have
already been expended ON $50 miles of this
road the cars running, and the remaining
ls7 miles are nearly completed.
At the present rate of premium on gold these
bonds pay an annual interest on the present cost
of p,tft ~s Gs>s& III al
Rhine Fer Cent,
and it is believed that on the completion of the
road like the Government Bonds, they will go
ahove par The Company intend to sell but a
limited amount at the present low rate and retain
he right to advance the price at their option.
Subscriptions win be received in New York by
the
CONTINENTAL NATIONAL BANK, No. IL Nassau
Street,
CLARE, DoDeE d Co., BANKERS, 81 Wall st.
JoHN ). Cisco d SoN, BANNERS, No. 80 Wall
and by BANKS AND BANKERS generally
throughout the United States, of whom maps ard
descriptive pamphlets may be obtained. They
will also be sent by mail from the Conpany's
Office, No. 20 Nassau Street, New York, on appli-
cation. Subscribers will select their own agents
in whom they have confidence, who alone viii be
responsible to them for the safe delivery of the
bonds vi
81, JOHN =. CISCO,
.-at s7 a7.a rea1 TREASURER.
NEW YORK.