The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1867-08-02
EMERY & COMPANY.
General .adperttsens essts.
The Union Pacific Railroad Co,

Arc DOW sonstruetisg Railrosd NON y
OMAHA, NEBRASKA,
westward towards the Pacific Ocean, making Wit
its connections an unbroksn line .--.s .s
ACROSS THE CONTINENT
Tho Company now offer limited amount Of thsi
First Mortgage Bonds
having thirty years to run, and bearing annua
interest. payable on the first day Of January ant
July, in tho city Of New York, At the rate OF
SIX PER CENT I'm GOLD
AT
NINETY CENTS ON THE DOLLAR.
| This road was completed from Omaha DOG mile
west on the ist Of January, 1867, and 10 full!
equipped, and trains are regularly running owe
IT, Tho company has now on hand sufficient Iron
ties, etc., % anish the remaining, portion 70 tn
eastern base OF the Rocky Mountains, 2t2 miles
which 10 under contract 10 be done September ls
OF this year. and II is expected that the entire roat
will DO In running order from Omaha 10 Its western
connection with the Central Pacific. now bsini
rapidly built eastward from Sacramento, CAL, dur
ing 1870.
Estimating the distance 10 be built by the Unior
Pacific TO DO SOS miles, the United States Govern
ment Issues Its Six per cent Thirty.yesr Bonds Il
tho Company rs the road 10 finished at the average
rate OF about SIS $50 per mile, amounting Il
81. 2Os,OOO. .......... . .
Tho Company Is also permitted To issue its owl
First Mortgage Bonds TO an equal amount, and a
the Same time, whice by special Act Of Congress
are made First Mortgage on the entire line. thu
bonds Of the United States sub-ordissts to tAsm.
Tho Government makes donation Of 1880
serss OF land 70 Che mile, amounting 70 2oGs2, Oh
acres, estimated 70 bs worth $3o.OOo,Oo making
the total resources exclusive Of the capital, Sis,
4l6,OOO, but the full value Of the lands canno
now DO realised.
The suthorised Capital Stock ofths compan,
10 one hundred million dollars. OF which hvo mil
lions have already been paid In, aud Of which u
10 not supposed that moro than twenty-five mil.
lions ut most will be required. .r,t IA -
The cost Of the road Is estimated BY competsn,
engineers TO be about one hundred million dollars
exclusive OF equipment.
Prospects for Business.
Tho railroad connection between Omaha and the
East is now complete, and tho earnings OF the
Union Pacific on the sections already finished for
the arst two weeks In May wsre $4,000. These
sectional earnings, - the road progresses, Will
much moro thon pay tho interest on the Com
psny's bonds, and the through business over The
only line Of railroad between the Atlantic and
Pacific must DO immense.
vaIuo and Secsrity Of she Bends.
The Company respectfully submit that the
above statement or facts FULLY demonstrates the
security OF their Bonds, and ~ additional proof
they would suggest that the Bonds now offered
are less than ten million dollars on 5l7 miles Of
road, on which over twenty million dollars have
already been expended ION 80 miles or thi'
road the cars are now running. and the remaining
ls7 miles are nearly completed.
At the present rate Of premium on gold these
bonds pay an annual interest on the present cost o
Misc Per Cess., Ga
and Il 10 believed that on the completion OF the
road, like tho Government Bonds, they will 20
above par. The Company Intend 70 soil but q
limited amount ct the present low rate and retain
the right 10 advance the price at their option.
Subscriptions will DO received In New York BY
the
coSnssxrAL NATIONAL BANK, No. Nsssu 81
OLARK, DoDGs 4 Co.. BANKERS, 81 Wall g.,
JoHS J. Cisco = SoS, bankers. No. - Wall st.,
and by BANKS AND BANKERS. generally
throug Aoat the United Dtstss, Of whom maps and
descriptive pamphlets may be obtained. They
will also b SAINT by mall from the Company
once, No. 20 Nassau Street, New York, on sppli.
eatIsa., esbsesihsss viii ssisst thsir eRa Assnts
In whom they have confidence, who alone will be
responsible 70 them for The nh delivery Of the
~ JOHN }. CISCO, Treasurer, ~
isan25 NEw YoaK.