The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1867-07-05

The Union Pacific Railroad Co.
Are now sonstructing Railroad from
OMAaA, NEBRASKA.
westward towards the Pseine ocean, making with
It's connections an unbroksn line .
ACROSS THO CONTINFNT.
The Company now oner . limited amount Of their
First Mortgage Bonds
having thirty years to run, and bearing annual
interest, payable on the first day OF January and
July, In the city OF New York, at tho rate Of
SIX PER CENT IN GOLD,
AT
NINETY CENTS ON TIE DOLLAR.
This road was completed nom Omaha aoe mile,
west on the ist Of January, 1867, and 10 fully
equipped, and trains Are regularly running over
Il The company has nov on hand sufficient Iron,
Ties, eto., TO nnIsh tho remaining portion TO the
eastern base OF the Rocky Mountains, 2i2 niles,
which is under contract 10 DO done Septsmber lst
Of this year. and IL s expected that the entire road
will be In running order nom Omaha TO Its western
connsction with the Centrai Pacific, now being
rapidly built eastward from Sacramento, Cal, dur.
Ing 1870.
Means OF the Csmpesy.
Estimating the distance TO be built by the Union
ment issues Its Six per cent. Thlrty-year Bonds 10
ratio of about $50 per milo, amounting TO
SH.2os.ooo.
The Company Is also psrmitted 10 Issue It's own
First Mortgage Bonds 10 an equal amount, and at
the ame time, whloe by special Act OF Congress
are made FIRST Mortgage on the entire line. the
bonds Of the United States subordinate TO tAsm.
~ .nN Eas Inn NJ
acres OF land 10 the mile, amounting to y! !o32oOO
acres, estimated TO bs worth $o.Ooo,ooo, making
the total resources, exclusive Of the capital $iis
4le!ao, but tho full value Of the lands cannot
now bs realised. '.s s
The authorised Capital Stock Of the Company
10 one hundred million dollars. OF which i've mil
lions have already been paid In, and Of which u
Is not supposed that more than twonty-ave mil
lions at most will DO required.
The cost Of the road is estimated by competent
engineers 10 be about one hundred million dollars,
exclusive Of equipment.
Prospects fer Bsslaess.
Tho railroad connection between Omaha and the
East 10 now complete, and the earnings OF the
Union Pacific on the sections already finished for
the fret two weeks In May were $ii3,COo. These
sectional earnings. as the road progresses, will
much moro thon pay tho interest on the Com
panys bonds, and tho through business over tho
only line Of railroad between the Atlantic and
Pacific must DO immense.
Value .ud secsrity or the Bends.
Tho Company respectfully submit that the
above statement OF facts fully demonstrates tho
security OF their bonds, and rs additional proof
they would suggest that tho Bonds now offered
Arc Lees than ten million dollars Si7 miles OF
road, on which over twenty million dollars have
already been expended ION $50 miles Of this
road the cars arc now running. and the remaining
IU miles arc nearly completed. '',"
At the present ratio OF premium on gold these
bonds pay m annual interest on The present cost OF
Mise Per Cess,
and 10 10 believed that on the compilation Of the
road, like the Government bonds, they will 20
above par. Tho Company intend 10 soil but .
limited amount at the present low rate and retain
the right 10 advance the price st their option.
Subscriptions will be rsesivsd In New York BY
the ".rr. o..
CONTINENTAL NAricSAL BANK, No. . Nassau S.,
CLAax, Dopas Co.. Bsnkers, o. wsll B.,
yonS J. Cisco q soN, Bankers, No. ~ Wall st.,
and By BANKS AND BANKERS generally
throughout the United 0tatss, Of whom maps and
descriptive pamphlets may bs obtained. They
viii also bs sent by mall from the Coupanys
Oo,oe. No. % Nassau Street, New York, on appli-
cation. Subscribers will select their own agents
In whom they have confidence, who alone Will be
rosponsibls 10 them for the sale delivery OF the
bonds, ..r
is3m2s Nsw Yosr.