Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1867-06-13
9fw Adrsrtisemeats.

9fw Aarsrtissmeats.
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TFIB
Union Pacific
RAILROAD GO.
Are now constructing a Railroad from
OMAHA, NEBRASKA,
Westward towards the Pacific Ocean, making
with Its connections an unbroken line
Across the Continent.
The Company now offer a limited amount Of
their -
FIRST MORTGAGE BONDS
having thirty years 10 run, and bearing annual
interest payable on the rstday Of January and
July, in the City Of New York, at the rate OF
SIX PER CENT. IN GOLD,
at
Ninety Cents on the Dollar.
This road was completed from Omaha SOj miles
West on the lst Of January, 1857, and is fully
equipped, and trains are eregularlyEunning over
It, The Company has now on hand sufficient
iron, ties, ETC., to finish the remaining portion
to the Eastern base OF the Rocky Mountains 2I2
miles, which Is under contract to be done Sapt
ISL OF this year, and IL is expected that the en-
tire road will be in running order from Omaha
10 Its Western connection with the Central Pa
cihc, now being rapidly built Eastward from
Sacramento, CAL, during 1870.
I Means of the Company.
Estimating the distance to be built by the
Union Pacific to be ,5Gj miles the United States
Government issues It's Six per cent. Thlrty-year
Bonds to the Company as the road is finished at
the average rate of about s2S,2JO per mile,
amounting 10 si4 2oS, 900.
The Company is also permitted TO issue its
own First Mortgage Bonds to an equal amount
and at the same. tiIne which by special Act OF
Congress are made First Mortgage ON tho en-
tire line, the bonds Of the United States being
subordinate 10 them.
The Government makes a donation of II 800
acres ofland to the mile, amounting to 20O32 ~
acres, estimated to be worth s3OyOOO,OOO, making
tine total resources exclusive of the capital slls-
$4,000; but the full value of the lands cannot
now be realized.
The authorized Capital Stock of the Company
is one hundred million dollars, OF which FIVE
millions have already been paid i'll, and of which
it Is not supposed that more than twenty-five
millions at most will be required.
tent engineers to be about one hundred million
dollars, exclusive Of equipment.
Prospects for Business.
The railroad connection between Omaha and
the East is now complete, and the earnings of
the Union Pacific ON the sections already finish
ed for the first two weeks in May were Sll3 O0O
These sectional earnings as the road progresses
Will much more than pay the interest the
Company's bonds, and the through business
over the only line Of railroad between the At
lantic and Pacific must be immense.
Value and Security of the Bonds.
The Company respectfully 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 5I7 miles Of
road, on which over twenty million dollars have
already been eXpended;- $50 miles OF this
road the cars arc now running, and the remain
ing lS7 miles are nearly completed.
At the present rate of premium ON gold these
bonds pay an annual interest on the present
cost Of
Nine Per Cent,
and 1t is believed that on the completion Of the
road, like the Government Bonds, they will go
above par. The Company intend to sell but q
limited amount at the present low rate, and re-
tain the right to advance the price at their option
Subscriptions will be received in New York by
the
Continental National Bank, No. 7 Nassau 81.
CLARK, Dodge &C Co., Bankers, 81 Val 81.
.Joi, J. Cisco d Son. BANKERS, No. 80 Val ST.,
and by BANKS AND BANKERS generally
throughout the United States, Of whom maps
and descriptive pamphlets may be obtained
They will also be sent by mail from the Com
pany's office, No 20 Nassau street, New York
on application. Subscribers Will select their
own Agents in whom they have confidence, who
alone will be responsible 10 them for the safe
delivery of the bonds.
JOHN ]. CISCO, Treasurer,
Je8-3m New York.