The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-06-25

UNION PACIFIC
RAIL ROAD COMPANY,
Ar nsv oaassrussias Rsarual frgn
OMAHA. NEBRASKA,
westward ie.srs, ~ fassas oossn. nsh.ag sd
- esassetiaat Is aatfaksu Ahs
ACRoss lIHE CU~TrSENT.
Tie Canpaay pes eaas aa.as8 aaseaai e ,lseir
FIRST MORTGAGE BONDS
"a yne arty yc.r e rus. assl bearing eaaasl ia-
iefe,t, iayshs ~ ihs 6,s 3ss q 1anuarY and lu'y
b To- Cay & Nsu fers, % o. uts q
SIX PER CENT. IN GOLD,
Ninety Gents on the Dollar.
TAa rad sas caiaplssed lfp'n Omaha 800 mlles
pesi ihe IT. q jasusry, 1861. snd fa''y sqaiP
Pc, ana trains are reraiary ft,aniaE over IL. The
Company has aow On aaaa suits seat IRON ties, eis.,
b 6asi tic rcusaniaa porilen 70 ihs eastern base
81 ae Eseky Mauuiains. 2i2 miles which s under
contract 10 be dene Sspfember ~ II this year and
il expected lhat the entire road viii be ia running
ofier from Omaha 70 its western connection with
tie ceutrsl Pacific, nos beng rapidly buils cast
sard from Sacramento Cal, duraE 1879.
.meaAs 81 tas ce,npa-y.
Estimating the distance to BE- bailt by the Uuioa
Fae.ac y be ,5s5 miles ihe United States Govern
meri ifsues i's six per Gems Thiry-sear Bonds to
the Company the road j. finished A. the average
rate d about s2s,2bo per mile, amounting 70 49,,
2g7 coo.
The Company Is also permitted to issue it, own
First Mortgage Bonds 10 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 70 them.
The Government makes donation oil 2,soo acres
q land 70 the mile, amounting to 20 Os2 900 acres,
estimated to be worth ssO,OoooOe, making the total
resources, exclusive Of the capital, siis,4l60o
but the full value Of the lands cannot now be rea
llzed
The authorized Capital Stock Of the Company is
one hundred million dollars. OF which five millions
have already been paid in and Of which j. Is not sup
posed that more than twenty FIVE millions at most
will be required.
The cost Of the road is estimated by competent
engineers 10 be about one hundred million dollars,
exclusive Of equipment.
Prospects fOr H1sircss.
The railroad connection between Omaha and the
Eat is now complete, aud the earnings of the Union
Pacific on the section already finished for the first
two weeks in May we're $4,000. These sectional
earnings as the road progresses will much more
than pay the interest on the Company's bonds, and
the through business over the only line Of railroad
between the Atlantic and Pacific must be immense.
T'nIme and sseniig Of the Honds.
The company res poctfnlly. submit, that the above
statement Of facts fully demonstrates the security Of
their Bonds, and as additional proof they would
suggest that the Bonds now offered are less than ten
million dollars on 517 miles Of road, on which over
twenty million dollars have already been expended;
ON $50 miles of this road the cars are now running,
and the remaining ls7 miles are now nearly com,
pleted.
At the present rate of premium on gold these
bonds pay annual interest on the present cost Of
.vTne Per Cent,
and Il is believed that on the completion Of the road
like the Government Bonds they will go above par.
The Company intend to sell but limited amount
at the present low rates and retain the right to adj
vance the price at their option
CONTINENTAL NATIONAL BANK, No. 7 Nassau ST..
CLARK, DODGE & Co., BANKEts, 81 Wall ST.,
JonN j. CISCO & Sos, BANKEns, No. SO Wall ST.,
andby BANKS AND BANKERS generally through>
out the United States, Of whom maps and descriptive
pamphlets may be obtained. They will also be sent
by mail from the Company's Office, No. 20 Nassau
street, New York, on application. Subscribers will
select their own Agents in whom they have eoni>
dence, who alone win be responsible to them for the
safe delivery Of the bonds.
JOHN J. CISCO Treasurer, New York.