The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1867-06-13
NinetY Centg on the Dollar.

This road was completed from Omaha 3O5
miles west on the ist OF january, 1867, and
IS fully equipped, and trains are regularly
running over it. The Company has now on
hand sufficient iron, ties, etc, 10 finish the
cemalnlng portion 10 the eastern base of the
Rocky Mountains, 2l2 miles, which is under
contract 10 be done September lst of this
year, and II is expected that the entire road
will be III running order from Omaha 10 its
western connection with the Central Pacific,
now being rapidly built eastward from Sac
ramento, Cal, during 1870.
MEANS OF THE COMPANY.
Estimating the distance TO be built by the
Union Pacific to be l,565 miles, the United
States Government issues its Six per cent.
Thirty-yesr Bonds TO the Company as the
road is finished at the average rate Of about
@2S,250 per mile, aa,ountng to SD, ,20S 900
The Company is also permitted to issue
it's own Fret Mortgage Bonds TO an equal
amount, and at the same time, which by
special Act of Congress are made First
Mortgage on the entire line, the bonds OF
the United States being subordinate 10 them.
The Government makes a donation ofl2,-
500 acres of land to the mile, amounting to
20.032, 600 acres, estimated 10 be worth $780,
of the capital, SIIs,416,000; but the full
value of the lands cannot now be realized.
The authorized Capita Stock of the Com
pany is one hundred million dollars, of which
five millions have already been paid in, and
of which it is not supposed tha, more Than
twenty-five millions at most will be required
The cost OF the road is estimated by COM
petent engineers TO be sbout one hundred
,loIl of1
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha
and the east i now complete, and the earn
ing of The Union Pacific on the sections al
ready finished for the first two weeks in May
were SIl3.000. These sectional earnings as
the road progresses will much more than pa V
the interest on the Companies bonds, and the
through business over The only line of rail-
road between the Atlantic and Pacific must
be immense.
VALUE AND SECURITY OF THE BONDS.
The Company respectfully submit. that
the above statements of facts fully demon
strates the security Of ther Bonds and as nd-
ditional proof they would suggest that the
Bonds now offered are less than ten million
dollars on 5l7 miles of road, on which over
twenty million dollars have already been ex-
pended on $50 miles of this road the cars
IRE now running, and the remaining Isl
miles are nearly completed.
At the preseut raie of premium on gold
these bonds pay an annual interest on the
present cost Of
NINE PER CENT,
and il is believed that on the completion Of
the read, like the Government Bonds, they
will 90 above par. The Company intend to
sell but limited amount al the present low
rate, and retain the right 10 advance the
price al their option.
Subscriptions will be received in New
York by the CONTINENTAL national BANK,
No. : Nassau St, CLARK, DODGE & Co,
BANKERS, 81 Wall ST., JOHN J. Cisco &
SoS, BANNERS. No. 33 Wall ST.. and by
BANKS and BANKERS generally through
out the United States, OF whom maps and de-
scriptive pamphlets may be obtained. They
VIII also tesent by mail from the Compa
ny's Office, No. 30 Nassau Street, Ne.
York, on application. Subscribers will Sc
lect their own Agents in whom they have
confidence, vino alone will be responsible to
them for The safe delivery Of The bonds.
JOHN J. CISCO, Treasurer.
NEW YORK.
June I3.-3m.