Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-25
SIXPER CENT.IN GOLD,
NINETY CENTS ON THE DuLLAR.

NINETY CENIS UN The DULLhR.
This road was completed from Omaha 3O5 miles
west on the fist Of January 1857 and is fully equip
ped, and trains are regularly running over it. The
Company has now on hand sufficient iron. ties etc.
to finish the remaining portion the eastern base of
the Rocky Mountains. 2l2 miles. which is under
contract to be done September st of this y ar and
it is expected that the entire road will be in running
order from Omaha to's western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, CAL. during 1870
ha MEANS OF THE COMPANY.
Estimating the distance to be built bv the Union
Pacific to be 1855 mile the United States Govern
ment issus its Six per cent. Thirty-,ear Bonds to
the Coz pauy as the road is finished at the average
rate of about $2s $50 per mile, amounting to $44
2os 900. Hl ..-'.'... 4 I.
The Company is also permitted to issue its own
First MORTGAGE Bonds to an equal amount, and at
the same time, which by srecial Act of Cong
made First Mortgage the entire line. the bonds
of the United States being sE6ordinoteto them. is
The Government makes donation of Is, 800 acr
of land to the mile, amounting to 90. .033 600 acres
estimated to be worth $50, 900 OO0 making the total
resources, exclusive of the capital $Ils oOo but
the full value of tn lands cannot now be realized.
The authorized Capital Stock of the Company is
one hundred million dollars of which five millions
have alresdy 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
en- inears to be about one hundred million dollars,
exclusive of equipment.
PROSPECTS FOR BUfINESS.
The railroad connection between Omaha and the
East is complete and the earnings of the Union
Pacific the sections already finished for the first
two weeks in Msy were $4,000. These sectior al
earnings the road progresses will much more than
pay the interest on the Company's bonds, and the
through business the only line of rairo a be-
tween the Atlantic and Pacific must be immense.
VALUE AND SCI URITY Of THE BONDS.
The Conn any 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 offered are less than ten
millions dollars on 5l7 mile of road, on which over
twenty million dollars have already been expended:
$50 miles of this road the cars are now running
and the remaining 1877 miles are nearly completed.
At the present rate of premium gold these
bonds pay annual interest the present cost of
NINE PER CENT,
And it is believed that the of the road
like the Government Bonds, they will go above par
e Company intend to sell but limited amount
at the present low rate and retain the right to ad
vance the price at their option.
Subscriptions will be received in New York BY
the
Continental National Bank, No z Nassau St.,
Clark. Dodge & Co. Bankers 81 Wall St,
John ]. Cisco &son, Fankers, No. 80 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. Sub cribers
will select there own Agents in whom they have con-
fdence. who alone will be responsible to them fol
the safe delivery of the bonds.
JOHL CISCO, Treasurer,
NEW YORK.
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