Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-17
sIXPER CENT. IN GOLD,
NINETY CENTS ON THE DOLLAR.


This road is alresdy completed to Julesburg. s7e
mile, west of Omaha. and is fully equipped, and
trains are regularly running over it. The Company
has DOW on hand sufficient iron. ties. etc.. to finish
the remaining portion to the eastern / ase of the
Rocky Mountains, 14l miles, which is under con-
tract to be done in September of this ar aud It is
expected that the entire road will be in running order
from Omaha toi's western connection with the Gen.,
traI Pacific now being rapidly built eastward from
Sacramento. CAL. during 1870. 'e 4iJ "l
MEANS OF THE COMPANY, .l;,1.. ;,..,..
Estimating the distance to be built bv the Union
Pacific to be 1865 mile the United States Govern
ment issus its Six per cent Thirty-year Bonds to
the Goa pany as the road is finished at the average
rate of about $2s $50 per mile, amounting to $44.
2O6 900. .l,-r..- Id. .-.... ...t ..---.- b.
. The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at
the same time, which by ecial Act of Cong
made First Mortgage on the entire line, the bonds
of the United States being su6ordin0teto them.
The Government makes donation of 12,s acr s
of land to the mile. amounting to soos2OO acres.
estimated to be worth ESQ 600 600. making the total
resources, exclusive of the capital Sis 600; 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. a $40 "
The cost of the road is estimated by competent
en- inesrs to be about one hundred million dollars
exclusive of equipment.
PROSPECTS FOR BU'INFSS.
The railroad connection between Omaha and the
East is now complete, and the earnings of the Union
Pacific on the sections already finished for the first
two weeks in May were $4,000. These sectior al
earnings the road progresses will much more than
pay the interest on The Conpany's bonds, and the
i
tween the Atlantic and Pacific must be immense.
VALUE AND Sc. URITY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonst ates the security
Of their Bonds, and as additional proof they would
suggest that the Bonds offered less than ten
millions dollars 517 miles of road which over
twenty million dollars have already been expended
$50 miles of this road the cars arc now running
and the remaining 1877 miles nearly completed.
At the present rate of premium Id these
bonds pay annual interest the present cost Of
NINE PER CENT, ...r
And It is believed that the pletion of the road
like the Government Bonds, they will go above par
Toe Company intend to sell but a 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 Nassau ST.,
Clark. Dodge & Co. Bankers 81 Wall St..
John ]. Cisco & Son, ankers, No. SO WallsL,
a.H.- 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 b
sent by mail from the Company's Office. No 90 Mas
sau street. New York. on application Subscriber
will select there own Agents in whom they have con
fdence, who alone will be responsible to them fo
the safe delivery of the bonds. ...
/ JOHL J. CISCO, Treasurer,
.-rs.. NEW YORK.