The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-06-29
Clinton 39act6r R. IL.
Ninety Cents on the Dollar.


This road WAS completed from Omaha 3Oj miles west OH
the lt of January 1867 and fully equipped and trains are
regularly running it, The Company now on hand
sufficient iron, ties etc. to finish the remaining portion
the base Of the Rocky Mountains 22 miles which is
under contract be done September LIST of this year. and
expected the entire be in running order from
Omaha TO its western connection with the Central Pacific
being rapidly built eastward: from Sacramento, Cal,
during 1870.
Means of the Company.
Estimating the distance ~ be built by the Union Pacific
to be 1865 miles, the United States Government issues
Six per cent rhyyea Bonds the Company the road
is finished at the average rate Of about $50 per mile
amounting u 81 20s 900
The Company is also permitted to issue its own Pirs
Mortgage Bonds to equal amount, and the time,
which by special Act Of Congress made First Mortgage
on the entire line the bonds Of the United States being sub
ordinate 10 them.
The makes donation Of 800 acres of land
TO the mile amounting to acres estimated to be
worth making the total resources, exclusive
the capital Sis but the full value OF the lands
not be realized.
The authorized Capital Stock Of the Compony hun.
dred million dollars OF which five millions have already been
paid in and of which II supposed that than
ty-fve millions at most will be required it''
The cost Of the road estmsejby competent engineers
to be about hundred million dollars exclusive of equip
Prospects for Business.
The railroad connection between Omaha and the East Is
complete md the earnings Of the Union Pacific the
sections already finished for the frs, weeks in May
These sectional earnings the road progresses
will much than pay the interest the Company bonds
and the through business 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 state
Of facts fully demonstrates the security Of their Bonds
and additional proof they would suggest that the Bonds
now offered are less than million dollars SIT miles Of
road, on which twenty million dollars have already
expendesn 800 miles Of this road the
running and the remaining ISL miles nearly completed
At the present rate of premium gold these bonds pay
animal iRteres, On the presen: costof
Nine Per Cent,
and is believed that the completion Of the road like the
Government Donds they will 90 above par The Company
intend to sell bat limited amount the present low rate
and retain the right 70 advance the price their option
Subscriptions will be received in New York b. the
CONTINENTAL NATIONAL BANK No. Nassau ST., ,
CLARK, DoDGE Co, BANKERS, 81 Wall st.
JoHS J. Cisco Sos, BANKERS, No. S3 Wall St,
and by RANKS AND BANKERS generally throughout tie
United States of whom maps and descriptive pamphlets may
be obtained They will also Doe seat by mail from the Com
panys oce No 20 Nassau Street New York, On application
Subscribers will their Agents whom they have
confidence who alone will he sspon sble them for the
deliver, OF the bonds JoHNJ CISCO Treasurer,
NEW YORK
Subscriptions received at the NATIONAL CITY BANK
Ottawa. >. june S, 3m sp