The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-06-08

ACROSS THE CONTINENT.
The Company now offer limited amount Of their
FIRST MORTGAGE BONDS,
having thirty years rum and bearing annual interest pay
able the first day Of January and July in the City New
York, at the rate Of
SIX PER CENT. IN GOLD,
Ninety Cents on the Dollar.
This road completed from Omaha 3O5 miles west oh
the LIST Of January 1861 and is fully equipped and trains are
regularly running IT, The Company has now on hand
sufficient on ties etc. to finish the remaining portion to
the eastern base Of the Rocky Mountains 2a es which
under contract to be done September this year. and
expected that the entire road will in running order from
Omaha TO its western connection with the Centalspacc
now being rapidly built eastward from Sacramento, Cal
during 1870.
Means Of the Company.
Estimating the built by the UnIon Pacific
to be 1,66 miles, the United States Government issues its
Six per sent Thyyear Bonds tohe Company the road
is finished at the average rate Of atPu s2s go per mile
amounting to 81 2Os,eOo
The Company also permitted to issue Its Pirs
Mortgage Bons equal amount and at the time,
which by special of Congress made Mortgage
the entr. no the bonds ofe United States being sub.
ordinate 10 them.
Tho Government makes donation Of 500 acres Of land
To the MILE amounting to 20 o2op acres, estimated be
worth SoOoo0o0 making the total resources exclusive Of
the capital Sis But the full the lands can.
not be realized
The authorized CAPITAL Stock Of the Compoay one hun.
cred million dollars Of which five millions already been
paid n aud Of which II supposed that than TWEEN.
tyhve millions at will De required
The cost Of the road e.tma,sby competent engineers
10 be about hundred million dollars exclusive Of equip
ment.
Prospects for Business. M
The railroad connection between Omaha and the Eas,
complete and The earnings Of the Union Pacific on the
sections already finished for first two weeks in MAY were
$1,000 These sectional earnings the road progresses
will much than pay tie interest the Company bonds
and the through business the only line Of rsroad
tween the Atlantic aud PaeiAe mus, he immense
Value and Security of the Bonds.
The Company respectfully submit that the above state
mrnt Q! facts fully Demonstrates the security Of their Bonds
and Is additional proof they would sugg, the Bonds
offered less than million dslar on SIT miles Of
read which twenty million dollars have already
keen eIpeaded.n $50 miles OF this the cars are now
running and the remssing ls7 miles nearly comp sted
'hepreseh. rate Of premium gold hose bonds pay
annual atere,t ,n the present costof
Nine Per Cent,
and II believed that the completion Of the road like
Government Bonds they will 50 above par The Company
intend to sell but limited present rate
and retain the RICH, % advance the price tieIr option
Subscriptions will DO received in New York by the
CoSnsrsIAL NAr,oSAi EASE, Ne. NASSAU ST.,
CLARK, DoDsE Co, BANKERS, 81 Wall St,
JoRS J. Cisco sos BAsK.Rs, No. Gs Wall St,
and by BANKS AND BANKERS generally Throughout TIE
United States Of whom maps and descriptive pamphlets may
lo otsn-d They will also be by mail from the Com
IAnys Once Ne go Nassau Street New York, application
Subscribers will sci se their Agent. In whom they have
confidence who alone will bs responsible them for the
sale delivery OF the bonds JOHN J. CISCO Treasurer
NEW YORK
Subscriptions received At the NATIONAL CITY BANK,
Ottawa jsne $, Sm sp.