Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-15
SIXPER CENT.IN GOLD,
g ffasa III -aoa AT r-i es e
NINETY CENTS ON THE DOLLAR. .14

This road is already completed to Julesburg 3F6
miles west of Omaha. and is fully equipped, and
trains are regularly running over it. The Company
has now on hand sufficient ron 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 aud it is
expected that the entire road will be in running order
from Omahat otis western connection with the Gem
tral Pacific, now being rapidly built eastward from
Sacramento. CAL, during 1870.
I'D ar MEANS OF THE COMPANY. ~ +.
Estimating the distance to be built by the Union
Pacific to be 1565 mile the United States Govern
ment issus its Six per cent. Thirty year Bonds to
the eCorpany as the road is finished at the average
rate of about SIS, ESQ per mile amounting to $44-
206 600. 5f-f- Ft5 .t4sfi-y-s-. Il -tl-7n a{4-,
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount, and at
the same time, which by special Act of Cong are
made First Mortgage on the entire line the bonds
of the United States being sH60rdindteto them.
The Government makes donation of 12.s 800 acr
of land to the mile. amounting to 20O32 600 acres.
estimated to be worth $50 OOo making the total
resources, exclusive of the capital Sis 46 O0O but
the full value of tn lands cannot now be realized
The authorized Capital Stock of the Company is
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. 10 - f5ri'"
The cost of the road is estimated by competent
eneineers to be about one hundred million dollars
exclusive of equipment. .'
..s,s =, PROSPECTS FOR BUslnESS. m ia
The railroad connection between Omaha and the
East is now complete. and the earnings of the Union
Pacific on the sections already finished for the first
two weeks in May were $ll3.OOO. These sectional
earnings the road progresses will much more than
pay the interest on the Companys bonds, and the
through business the only line of railro4d be-
tween the Atlantic and Pacific must be immense. .
VALUE AND SECURITY OF THE BONDS. o
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 that the Bonds now offered are less than ten
millions dollars 517 miles of road on which over
twenty million dollars have already been expended:
on $50 miles of this road the now running.
and the remaining 1877 miles are nearly completed.
At the present rate of premium on geld these
bonds pay an annual interest on the present cost of
l.1ra,iozup9 NINE PER ,cEhT.,ss gT4nT
And it is believed that the of the road.
like the Government Bonds, they will go above par
Tpe Company intend to sell but limited amount
at the present low rate and retain the right to ad
the price at their option. l0gG e.i o. ly'zi
Subscriptions will be received in New York by
the " iiA 79it ~ih a.-l+t -l.Gi-irS 9a 500
Continental National Bank, No Nassau st.,
Clark. Dodge Co. Bankers, 81 Wall St. '.,7
John ]. Cisco Son, Fankers, No. SO WalIsr,
AND BY sfi l0s5l
RICKLY & BR0u 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. on 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,
y3o-daw3m-ins-r . '@ 4a9 7757+laI -