The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1867-06-14
The Union Pacific RailrOad Co.
Arc now constructing Railroad from

Arc now ,onstructings Railroad from
OMAHA, NEBRAsKA.
westward towards the Pacific Oossn, making with
its connections m unbroksn line ...I ...,
ACROSS THU CONTINENT.
Tho Company now offer . limited amount OF their
First Mortgage Bonds
having thirty years to ran, and bearing annual
interest, payable on the hrst day Of January snd
July, In the city Of New York, at the rate OF
SIX PER CENT. IN GOLD,
... NINETY CENTS ON TIE DOLLAR.
This road was completed from Omaha anS miles
west on the ih OF January, 1867, and 10 fully.
equipped, and trains are regularly running over
IL. Tho company has now on hand ssfneient Iron,
ties, etc i. TO anIsh the remaining portion 10 tho
eastern base Of the Rocky Mountains, 2l2 miles,
which Ia under oontnct 10 be done September lst
ofthis year. and II 10 expected that the entire road
will DO In running order from Omaha 10 It's western
connection with the Csr trail Pscidc. now being
rapidly built eastward from Sacramento, Cat, dur.
ing 1870. = -
Means OF ihs Csmpaay.
Estimating the distance 10 be built by The Union
Pacific 10 DO ,soj miles, the United States Govern.
mont issued Its Six per cont Thirty.yesr Bonds 70
the Company rs tho road IL finished Ut the average
ratio OF about $2s 80 per mile, amounting 10
sn!aosooo.
l Tho Company 10 also permitted N issue IT, own
Flrst Mortgage Bonds 10 IN equal amount, and si
the sauo time, whico by special Act OF Congress
are male First Mortgage on the entire line. the
bonds OF the United States sab-o,disai, to iAsm.
The Government makeA . donation OF o., sot
acres Of land TO the mile, amounting to 2O!05lloot
acres, estimated 10 be worth tp.Ooo,CoO, making
the total resources exclusive II the capital $iis
Iisooo, bat tho full value Of tho lands cannot
now DO realized. u..... ...,.l r.v -
The authorized Capital Stock Of the Company
IL one hundred million dollars. OF which nvo mil
iions have already boon paid In, and Of which u
Is not supposed that moro than twenty-five mil
lions ut most will 10 required.
The cost Of the road Is estimated by competent
engineers to DO about one hundred illon dollars.
exclusive Of equipment.
Prospects Tor Bssisess.
Tho railroad connection between Omaha and the
East 10 now complete, and the earnings OF the
Union Pacific on the sections already nnished for
the Grst two weeks In May were Sii3DO. These
sectional earnings, rs tho road progresses, will
much more thon pay tho interest on the Com.
pauy's bonds, and the through business over the
only limo OF railroad between the Atlantic and
Pacific must be Immense.
Value aad Sreurity or the Bssds.
Tho Company respectfully submit that the
above statement Of faen FULLY dsmonstrAtcs The
security OF their Bonds, and Is additional proof
they would suggest that the Bonds now oYered
are less than ten million dollars on 5i7 miles OF
road, on which over twenty million dollars have
already been expended ION 80 miles Of thii
road the cars are now running. aud the remaining
1877 miles are nearly completed.
At the present rate Of premium on gold these
bonds pay On annual interest The present cost Of
Nlss Per Cest.
and II Is believed that on the completion OF the
road, like tho Government Bonds, they will 20
above par. The Company Intend 70 sell but .
limited amount at the present low rate and retain
the right 10 advance the price at their option.
Subscriptions will DO received In New York BY
the
CONTINENTAL NATIONAL BASK, No. : Nassau b. {,
CLARK, DopGs d Co., bankers, 81 Wall 81,
J.HS J. Cisco 4 soN, bankers. No. - Wall ST.,
and by BANKS AND BANKERS generally
throughout the unItsd Dtatss, Of whom maps and
descriptive pamphlets may DO obtained. They
will also DO sent by mail from the Company
once, No. % NasSa Street, New York, on sppli.
cation. Subscribers will select their own agents
in whom they have confidence, who alone Will be
responsible 10 them for the san delivery Of the
''n0'' JOHN J. CISCO, Treasurer.
is3ma, .r.'.'' f new YoRk.