The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-06-22

THE
UNION PACIFIC
RAILROAD CO.
Are now constructing Railroad from
OMAHA, NEBRASKA,
westward toward the Pacific Ocean. max
line 4s HF- tl#s4#sft
ACROSS THE CONTINENT.
The Company now offer a limited amount
FIRST MORTGAGE BONDS,
having thirty years to, run and bearing
annual interest payable on the first day
of January ard July, in the City OF New
SIX PER CENT, IN GOLD, E
Ninety. Cents on the Dollar.
so5 miles oil west on the fst of January, 1857,
and Is fully equipped, and trains are regu-
larry 1nnnang over H. me PEI COMPANY mp mas so
finish the remaining portion to the east,
ern base Of the Rocky. Mountains, BIZ
September. LIST of this year; and 1t is ex-
pecied that the entire road will be in run
ming order from Omaha to It's western
Sens raoidly bniit ne eastward rom sacra-
mento, Cal, during 1870. ~ ~ =
esg Means of, the Company. g
Estimating the distance to be built by
United States 'Goyernment' Issues its SIX
per Cent. Thirty Year Bonds 70 the Com-
pany as the road IL finished, al the average
rate &c Ct about 3 $3.50 per mile amounting to
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 Congress, are make First
Mortgage on the entire line, they bonds of
the United States BERG s,seosds;ee e e,, n;
1880 acres of land to the mile, amounting
10 JOB, 900 acres, estimated TO be worth
go 600 goo, making the total resources. ex-
full value OF the lands cannot now be real
1zed. 6f.1 ar, s-.
pany is one hundred million dollars, of
which five millions have already been
paiu In, and of which it Is not supposed
that more than twenty-five millions at
s. The cost of the road is estimated by COM
petent engineers to be about one hundred
Prospects for Business.
The railroad connection between Omaha
and the East is now complete, and the
earnings of the Union Pacific on the Sec
lions already finished x 1 ooh the hs sss
tional earnings as the road progresses will
much more than pay the interest on the
Companys bonds, and the through bust,
the Atlantic and Pacific must be immense.
Value and Security Of the Bonds.
. 4H III = s.
The Company respectfully submit, that
the above statement Of facts fully demon
strates the security of their Bonds: and as
additional proof, they. would suggest that
the Bonds now offered are less than ten
million dollars on 5l7 miles of road, on
ready been expended. On $50 miles of this
road the cars are now running, and the re-
maing lS7 miles are nearly com pleted.
AT the present rate of premium on gold,
these bonds pay an annual interest on the
present cost of sfRaf ~
- Nine per Cent, t
and it is believed that ON the completion
of the road, like the Government Bonds,
they will go above par. The Company in
present low rate, and retain the right to
advance the price at their option.
Subscriptions will be received In New
CoNTiNENrAL NATIONAL BANK,
No. Nassau Street;
CLARK, DODGE & Co, Bankers,
JOHN ]. CISCO Son, Bankers,
No. 80 Wall Street;
and by Banks and Bankers generally
| throughout the United states, of whom
| maps and descriptive pamphlets may be
! obtained. They will also he sent by mail
from the Companys office, No. 20 Nassau
scribers will select their own Agents, In
whom they have confidence, who alone
| will be responsible to them tor the SAFE
| delivery OF the bonds.
JOHN j. CISCO,
Treasurer,
| may3O dSw3r NEW YORK