The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1867-11-29

Amount. ACKNOWLEDGEMENTS, So3,4l5,Ol2
As the e. S Bonds are equal to money, and the
Company's own First Mortgage Bonds have
ready market, we have as the
AVAILABLE CASH RESOURCES FOR
BUILDING ELEVEN HUNDRED MILES:
L. Bonds. S29, ,32o,O 600
First Mortgage Bonds. 29, 30, 600
Capital stock paid in on the work now
done. ........ soy IJU
Land Grant, 40S0 900 acres, at Sl.5O
per acre. .,......2l, ,l20,OO0
Total. ......................S8 .S85, ,l45,7J0
The company have ample facilities for supply
ing any deficiency that may arise in means for
construction. This may be done wholly or IN
part by additional subscriptions TO capital stock
Active inquiry has already been made for n
portion of these lands. and arrangements are now
pIoposed to offer Il part of them for sale. While
their whole v,lue will not be available for some
wears to come, they will remain very important
source of revenue to the Company. The lands OF
the Illinois Central Railroad Company are sell
ling mt from s. 70 Sl2 per acre, and other land
grant companies in the W est are receiving equal
prices for similar properties.
FUTURE BUSINESS.
The most skeptical have never expressed
doubt that when the Union Pacific Railroad Is
.nishcd the immense busnes- that must How over
as the only railroad connecting the two grand
divisions Ut the North American continent; VIII
be one OF the wonders of railway transportation
and as it will have no competitor 1t can always
charge renumerated rates.
EARNINGS FROM WAY BUSINESS
During the quarter ending July 81, an average
Of 325 miles of rhe Union Pacific Railroad was
in operation. The Superintendent Report shows
the Following result:
EARNINGS.
Passengers. Freight, Telegraph and
Mails. ils...................... .SIZ3,I50 J4
Transportation of Contractors Mate
riais and Men. ...'.. .'''...''''4f9'Zo 70" Al
Total. 81, ,2O3, OBS Al
EXPENSES.
Fuel Repairs, Offices, Conductors,
Trains ACKNOWLEDGEMENTS S392 ,93U -
Net EARNI$GS to balance. ............. oOI,oOo U'
Total. l,ZO5,O3o 20
TIE net operating expenses on the GO eonnerSIaI ln 81
business for the quarter were 500 900 oO Inc
account for the COMMERCIAL BUSINESS
stands as follows
Earnings for May, June and July. .S123,755 "a
Expenses ''''''.''''' z'''Soo oV
Net Profit. .S4S5, ,789 Of
The amount of Bonds the Company can issue on
325 miles, at $40 900 per mile, is S),2OO,0OO In
terest in gold three months at per cent, on TINS
sum- is $4,000; add 40 per cent premium TO % cor
respond with currency earnings, |AV"'-V
showing that the let earnings for this tItet
were more MaH fur times He interest on the fliS1
Mortgage Bonds on this length OF road:
FIRST MORTGAGE BONDS,
whose principal is so amply proSldeu LOT, anu
whose interest is so thoroughly secured, must be
classed among the satest lhyestmeh{s. 1hey pay
SIX PER CENT. IN GOLD,
and are offered for the present at NINETY
CENTS on THE DOLLAR. and accrued interest
NJ SIX Per Cent. III Currency from July J.
Many parties are taking advantage OF the pres
enf figh prices of Government stocks to exchange
for these Bonds, which are over FIFTEEN PER
CENT. CHEAPER and, at the current rate OF
premium on gold pay
OVER NINE PER CENT. INTEREST
Subscriptions will be received in Bedford by
RUPP AND SHANNON, and in New York at
the Company Office, No. 20 Nassau street, and
by CONTINENTAL NATIONAL BANK, No.
Nassau s1eet, LARK, DODGE CO., Bankers,
No. 81 Wall street JOHN j. cisco sun,
Bankers No. 81 Wall street, and by the Compa-
ny's advertised Agents throughout the Unlted
States, ot whom maps and descriptive pamphlets
may be obtained on application. R.mlttances
should be made in drafts other fluids par IN
New York and the bonds will be sent free OF charge
J by return express.
! john cisco, Treasurer, New York.
Subscribers through local agents will look &c
| them Tor their delivery.
| noY22w4