Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-08-27
THE UNION PACIFIC RAILROAD.
THE FIRST MORTGAGE BONDS,

THE FIRST MORTGAGE BONDS,
INTEREST SIX PER CENT IN GOLD,
ARE OFFERED FOR THE PRESENT AT NINETY CENTS
on THE DOLLAR AND ACCRUED INTEREST AT
SIX PER CENT. IN CURRENCY FROM JULY ISr.
The Company would state that their work CON
tinues to be pushed forward with great rapidity,
42J MILES WEST FROM OMAHA
ARE NOW IN OPERATION,
and stocked with locomotives cars and all the ap-
purtenances of first class road.
The amount already paid in by stockholders of
the Company is S5,O0,0G0.
The aid received from the e. s. Government in
constructing this portion of i25 miles is
i. A DONATION of 800 acres of adjacent
lands to the mile tnearly all very
uable} amounting to...."..........5. 100000 acres
2 Z. s. Six per cent. Currency Interest
Bonds which a second lien. at the
rate of $4,000 to the mile amounting,
for 425 miles to. 90 ,00
The amount of the Company own First
Mortgage Bonds on AS miles is.......S g 80, %,
1t will be seen that, eTclWSire Of the iaah
grant. the First Mortgage Bonds represent only
about one third of the value of the property OIL
which they are secured. The Company is also re-
strained by its charter from issuing its bonds ex-
cept the work progresses, and TO tie
amount on the rarious sections as are issued By
the GorsrRtnent. The mortgage which
cures the bondholders is made to Hon. +. ID. Nor
gan, L. S. Senator from New York, and Hon. Cakes
Ames. Member of the L. s. House of Representa-
tives from Massachusetts. as Trustees, who alone
Issue the bonds to the Company, and who
responsible for their issue in strict accordance with
the terms of the law.
A statement of the earnings for the last quarter
will be published in detail early day; but the
accounts already sufi GENTLY balanced to show
that the net amount is much greater than the gold
interest on the bonds that be issued on the
length of road operated. 1t should be remembered
that these earnings are only upon 'cdg bHStReSs
in a new and unde veloped country and index
of the vast traffic that must follow the completion
of the whole line to the Pacific in 1870. These facts
only intended to show that these Bonds are
strictly Of the safest, well of the most
profitable securities and are fully entitled to the
confidence OF the public The Company make no
appeal to the public to purchase its Bonds, as the
daily subscriptions large. and fully equal to
their wants.
Many parties are taking advantage of the present
high price of Government stocks to exchange for
these bonds which are over Is per cent. cheaper,
and, at the current rate of premium gold,
pay
OVER NINE PER CENT INTEREST.
Subscriptions will be received in Washington at
FIRST NATIONAL BANK,
NATIONAL BANK OF THE REPUBLIC
RITTENHOUSE, FOWLER l. co.
In New York at the COMPANY'S OFFICE, No
90 Nassau street. and by
CONTINENTAL NATIONAL BANK, No.
Nassau street;
CLARKE, DODGE CO, Bankers, No 81 Walt
street;
JOHN J. CISCO SON, Bankers, No. 3s Wall
street;
and by BANKS AND BANKERS generally
throughout the United States, of whom maps and
descriptive pamphlets may be obtained.
JOHN J. CISCO, Treasurer, New York.
August Is. 1867 an 2l-eo5t