Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-08-08
THE UNION PACIFIC RAIL ROAD

Il Co. are cow constrnctinSa railroad from
Omaha, Nebraska, Westward towards the Pa
clhc Ocean, making with its connections al
unbSoken lneaCrOss the continent. The Com
pany now Offers q limited amount of the first
Mortgage Bonds having thisty years to run.
and bearing animal Interest, payable on the
tTst day of January and July, in the city of
Now York, at the rate Of ak per cent. in gold
al ninety cents on the dollar
This road is completed 20 Julesburgh 376
miles west of Omaha and is fully equipped,
and trains are regularly running over it, The
company has now on hand sufficient iron ties,
&c, to finish the remaining portion to the east
ern base of the Rocky Mountains 2l2 miles,
which is under contract tobs done in September
of this year, and it is expected that the entire
ROAD we'll be IN running order from Omaha, to
its western connection with the Central Pacific,
now being rapidly built lastwai from SaCrar.
mentO, Cal, during 1870.
MEANS OF TIE COMPANY.
Estimating the distance to be built by the
Union Pacific to be $50 miles, the U'nitsd
States Government Issues its six per Ceat.
Thlrty year Bonds to tbs Company as the road
is finished at the average etOf about S2S 80
per mile, amounting to 544103,o0O.
The Company is also permitted to issue its
own First Mortgage Bonds to an equal amount.
and at the same time, which by special A9t of
COnG ress are made d first Mortgage on the IN.
tire line, the bonds of the United States being
subordinate to them.
The government made q donation CT 70 500
acres OF land to the mile amounting to 2GO320 100
acres, estimated to be worth $4,000 000 making
the total resources, exclusive of the capital,
SllS,4l6,000; but the fall value Of the lands can
not now be realized
The authorized capital stock of the Company
Is one hundred million dollars, OF which i've
millions have already been paid in. and Of
which 1t is not supposed that more than TWEEN
tyhve millions at most will be required.
The most of the road is estimated by cOmpe-
tent engineers to be about oDe 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 TO-
1shed Tor the first two weeks in May were S1ll-
OOO These sectional earnings as the road po-
crosses Will much more than pay the interest
on the Company's bonds and the through
business over the only line of railroad between
the Atlantic and Pacific mist be immense,
VALUE AND SECURITY OF THE BONDS.
The Company respectfully submit, that lie
above statement of facts fully demonstrates lie
secarty of their Bonds, and as additional prOG
they would suggest that the Bonds now oferd
are less than ten million dollars on SIT miles II
road, on which over twenty million dollars haze
already been expended - on $50 miles of this
road the cars are now running, and the remai1-
ing lo1 miles are nearly completed.
Al the present rate Of premium on cod
Ihese PONDS pay an annual interest on tie
present cost of nine per cent, and it is BELIEVED
that on the completion of the road, like ths
Government Bonds, they will 90 above mar
The Company intend to sell But a limitei
amount at the present low rate. and retain ne
right to advance the price at their optien,
Subscriptions will be received in New YORK
Continental National Bank, Nor Nasssu ST
ozark Dodge, Co., Bankers, 81 Wall ST..
John j. Cisco Son, Bankers, No. 81 Wal
Street, and by Banks and Bankers generate
throughout the United States, of wnon mans
and descriptive pamphlets mey be obtained.
They VIII also be sent by mail from the Com.
psny's Office, No, q Nassau Street New YorL
on application. Subscribers will select Their
own Agents In whom they have Confidence. who
alone VIII be responsible to them for the safs
delivery of the bonds '@A'
JOHN j. CISCO, Treasurer,
msSooo~"am New York