Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-06-28

UNION PACIFIC
| RAILROAD co.
Are now constructing Railroad from
o MANA NHa n AGK a.
westward towards the P DC Ocean, making With
ACROSS TE S@MTSS8gNT.
The Company now ofe nitsd amount Of their
FIRST NOR Ice BONDS
having thirty years to and bearing annual
July, in the The City Of New FORK, at the rate Of
SIX PER CENT. In GOLD,
Ninety Cents on the Dollar.
This road was completed from Omaha sos miles
west on the LIST of January, 1857, and is fully
equipped, and trains are regularly running ovsr
it. Tho company has "a on hand sufficient iron.
ties, etc., to finish the uainng portion to the
eastern base of the Roc Mountains, l2miles,
of this year, and it suspected that the entire
road will be iu runniBk order from Omaha 10 It's
western connection With the Central Pacific, now
being rapidly built eastward from Sacramento,
Cal, during 1879.
MANS OF YHs coxPAxY.
Estimating the distance to be built By the IN
ion Pacific to DO l,5s5 miles, the United States
Government issues its Six per cent. Thirty-year
Bonds to the Company as tho road is finished at
the average rate of about $40 $50 per mile,
ing TO S44, 20S 600.
The Company Is also permitted TO issue Its own
First Mortgage Bonds TO 40 equal amount, and at
the same time, which By special Act of Congress
d. IN tina antifa linn h
bonds OF tho United States being subordinate to
them.
The Government makes a donation OF 1880
of land TO the mile, amounting 10 032 900
acres, estimated to be worth $50, 900. 600, making
the total exclusive of the capital, Sll6,
goo; but the full value Of the lands cannot
now be realized. s.ai
The authorized Capital Stock of the Company Is
one hundred million dollars. of which Eve mil
lions have already boon paid in, ond of which 1t
Is not supposed that more than twenty Eve mill
lions at most viii be re !uired.
The cost Of tbs road IS estimated by competent
engineers 10 be about one hundred million dollars,
exclusive Of equipment.
PBossgcrs FOR BUsIsEss.
The railroad colnection between Omaha aud tho
East is now Bete, and the earnings Of the I'm
ion Pacific on the sections already finished for
the fret two weeks Ia May were SIl3,000 These
sectional earnings as the road progresses will
much more than pay the interest on the Compa-
ny's DO nds, and the through business the only
line Of railroad between the Atlantic aud Pacific
must be immense. IN Hit tEft ...tftl
VALUE AND sEcUaIrY OF THE BONDS.
The Company respectfully submit, that the
above statement of facts fully demonstrates the
security Of their Bosds, aud as additional proof
they would suggest that the Bonds now offered
areiess than ten million dollars on SIT riles Of
road, on which over twc million dollars have
already been exponded;- $50 miles Of this road
the cars are now running Ind tho remaining I 81
miles are nearly completely
At the present rate OF premium on gold these
bonds pay an annual interest tho present cost
Of
xrss PER CENT,
and il Is believed that on the completion of the
road, like the Government Bonds, they will 20
above par. The Company intend to sell bat
limited amount at the present los ratio, and retain
the right to advance tho price at their option.
Subscriptions will DO received in New York by
the
Continental National Bank, No. Nassau St,
Clark, Dodge il Co., Bankers, 81 Wall ST.,
John j. Cisco 4 Son, Bankers, No. SO Wall ST.,
and by BANKS AND BANKERS generally
throughout tho United States, OF whom maps and
descriptive pamphlets may DO obtained They
will also DO sent by mail from the Company's Of
fee, No. 20 Nassau Street, Now York, appli.
cation. Subscribers will select their owa Agents
in whom thoy have confidence, who atone will be
responsible to them for the safe delivery of the
bonds. JOHN ). CISCO,
Treasurer,
June Ism New York.