Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-20
SIXPERCENT. IN GOLD,
Ninety, CENTS ON THE DOLLAR.

I, NINETY, CENTS ON THE DOLLAR.
This road was completed from Omaha 3o5 miles
west on the fist Of January 1867 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 to the eastern base of
the Rocky Mountains, 2I2- miles, which is under
contract to be done September 1st of this year aud
it is expected that the will be in running
order from Omaha to IT'S western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, CAL. during 1870. III. 49,,
MEANS OF THE COMPANY. gra
Estimating the distance to be built by the Union
Pacific to be l.565 mile the United States Govern
ment issus its Six per cent Thirty-year Bonds to
the Company as the road is finished at the average
rate of about $2s, $50 per mile amounting to $44-
2Os, 900. .... a- .s. .7.5Ft ~
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 Cong ess are
made First Mortgage on the entire line the bonds
of the United States being su6ordinoteto them.
The Government makes donation of 12 800 acr
Of land to the mile, amounting to 2O032 900 acres
estimated to be worth $50 600 OOO making the total
resources exclusive of the capital sIs 4l6 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 slresdy been paid in. and of which it is not
supposed that more than twenty-five millions at
most will be requirel. -
The cost of the road is estimated by competent
enfineArs to be about one hundred million dollars
exclusive of equipment. .. afIr.... .... IA
PROSPECTS FOR BUSINESS. -.5 ~
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific the sections already finished for the 6rst
two weeks in May were $4,000. These sectional
earnings as the road progresses will much than
pay the interest on the Company's bonds, and the
through business over the only line of railroad be-
tween the Atlantic and Pacific must be immense.
ia VALUE AND SECURITY OF THE BONDS. \.
The Comr any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds, and additional proof they would
suggest that the Bonds now offered less than ten
millions dollars on 5l7 mile of road on which over
twenty million dollars have already been expended
-on 800 miles of this road the cars running.
and the remaining 1s7 miles nearly completed.
At the present rate of premium on gold these
bonds pay annual interest on the present cost of
bEr sIslarc NINE PER CENT, 90: 'gsiH- 7G9
And it is believed that on the completion of the road
like the Government Bonds, they will go above par
Q 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
thenaL -rs .ra8iiEufotr- l.l1as s.H.l II =
Continental National Bank, No. Nassau st.,
Clark, Dodge & Co. Bankers, 81 Wall St., l
John J. Cisco & Son, Fanksrs, No. ss Wall st.,
AND BY :: 90
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. 20 Mas
sau street. New York. on application. Subscribers
will select there own Agents in whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds. u l--Js-r.. .'el
JOHL J CISCO, Treasurer,
e.g-.i NEW YORK.
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