Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-03
sIXPER CENT. INGOLD,
NINETY CENTS ON THE nnLLAR.

NINETY CENTS UN The DULLAR.
This road is already completed to Julesburg, 376
miles west of Omaha, and is fully equipped, and
trains are regularly running over it. The Company
has hand sufficient iron, ties, etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains, 141 miles. which is under con-
tract to be done in September of this ar and it is
expected that the entire road will be in running order
from Omaha toi's western connection with the Gem
trail Pacific, being rapidly built eastward from
Sacramento, CAL. during 1870 '7-.'ti s''
MEANS OF THE COMPANY.
Estimating the distance to be built BY the Union
Pacific to be 1865 mile the United States Govern
ment issus its Six per cent. Thirty, Bonds to
the Company as the road is finished at the average
rate of about $ss, $50 per mile, amounting to $A,
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The Company is also permitted to issue its own
First Mortgage Bonds to equal amount and at
the same time, which by srecial Act of Cong
made First Mortgage the entire line, the bonds
of the United States being su6ordin0teto to them.
The Government makes donation of Is. 500 acr
of land to the miie amounting to 90 032 600 acres
estimated to be worth $50. 600 900. making the total
resources, exclusive of the capital Sis OOO 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. -
The cost of the road is estimated by competent
en- inesrs to be about hundred million dollars,
exclusive of equipment.
PROSPECTS FOR BU'lNESS.
The railroad connection between Omaha and the
East is complete. and the earnings of the Union
Pacific the sections already finished for the first
two weeks in May were $ll3.0OO. These sectior al
earnings the road progresses will much than
~. IL. r.
through business over the only line of railroad be-
tween'the Atlantic and Pacific must be immense.
VALUE AND Sc URlTY OF THE BONDS.
The Conn any respectfully submit that the above
statement of facts fully demonstrates the security
of their Bonds, and as additional proof they would
suggest thatthe Bonds offered are less than ten
millions dollars on 5l7 mile of road, which over
twenty million dollars have already been expended;
$50 miles of this road the cars are now running
and the remaining 1877 miles are nearly completed.
At the present rate of premium on gold these
bonds pay annual interest the present cost of
NINE PER CENT,
And it is believed that the completion of the road.
like the Government Bonds, they will go above par
Tne Company intend to sell but 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 6 Co. Bankers 81 Wall ST..
John ii. Cisco Son, Fankers, No. Ss Wall ST.,
AND BY .a.
RICHLY & 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 BE
sent by mail from the Company's Office, No 90 Mas
sau street. New York. application. Subscribers
will select there Agents in whom they have
fdence. who alone will be responsible to them for
the safe delivery of the bonds.
JOHL } CISCO, Treasurer,
NEW \ loRK.
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