The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-06-21

This road was completed from Omaha 3O5 miles west
on the January, 1867. and is fully equipped and
trains are regularly running over it. The Company
has now hand sufficient ron ties, etc. to finish the
remaining portion to the eastern base of the Rocky
Mountains, 2l2 miles which is under contract to be
done September of this year, and 1t is expected that
the entire road will be in running order from Omaha
to its western connection with the Central Pacific
now being rapidly built eastward from Sacramento,
CAL. during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be 1865 miles, the United States Govern
ment issues its Six Per Cent Thirty-Year Bonds to
the Company the road is finished, at the average
rate of about S5O per mile amounting to 4i 2OsOO0
The Company is also permitted to issue Its own First
Mortgage Bonds TO equal amount, and at the same
time which BY SPECIAL ACT OF CONG REGSS ARE
MADE A FIRST MORTGAGE ON THE ENTIRE
LINE the Bonds of the United States being subordt
nate to them.
land mile amounting 2O,os2 900 estimated
TO worth $50 OOOOOOo making the total
elusive OF the capital slS4I6OO0 but the full value of
the lands cannot now be realized.
The authorized Capital Stock of the Company is
hundred million dollars of which five millions have
already been paid in and OF which it is not supposed
that more than twenty-five millions at most will be
required.
The cost of the road is estimated by competent eng-
neers to be about hundred million dollars excu
sive of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East complete, and the earnings Of the Union
Pacific the sections already finished for the month
of May were $26l 7s2 These sectional earnings as the
road progresses will much more than pay the interest
on the Company's bonds, and the through business
over the only line of railroad between the Atlantic
and Pacific must be immense.
VALUE AND SECURITY OF THE 30 DIS.
The Company respectfully submit that the above
statement of facts fully demonstrates the security OF
their Bonds and additional proof they would sug-
gest that the Bonds now offered less than ten mil
lion dollars 5l7 miles of road. on which over twenty
million dollars have already been expenned. On $50
miles of this road the now running, and the
remaining 1877 miles nearly completed
At the present rate OF premium gold these Bonds
pay annual interest on the present cost of
NINE PER CENT,
And 1t is believed that the completion of the road
like the Government Bonds they will 20 above par
The Company In tend to sell but limited amount at
the present low rate and retain the right to advance
the price at their option.
Subscriptions will be received in Philadelphia by
THE TRADESMEN's NATIONAL BANK.
DE HAVEN & BROTHER.
TOWNSEND WHELEN g. co.
]. e. LEWARS g. co.
Subscriptions will be received in New York by the
CONTINENTAL NATIONAL BANK, NO.7 MAS
SAU Street
CLARK, DODGE & CO., Bankers. No. 81 WALL
Street.
JOHN ]. CISCO SON, Bankers, No. Ss WALL
Street,
And by BANRS AND BANKERS generally through
out the United States Of whom maps and descriptive
pamphlets may be obtained. They will also be sent
| by mail from the COmpany's Office, No. 20 NASSAU
| Street. New York. application. Subscribers will
select their own Agents, in whom they have conf.
deDce who alone will be responsible for the
safe delivery of the Bonds. .-I
JOHN y. CISCO, TREASURER,
| 6l9 wfsm6t sp NEW YORK.