Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1867-08-03

UNION PACIFIC
RAILROAD COMPANY,
Arc now constructing Railroad from
OMAHA, ASKA,
westward towards the Pacific Ocean, making with
its connections an unbroken line
ACROSS THE CON TINENT.
The Company now offer limited amount of their
FIRST MORTGAGE BONDS
having thirty years to run, and bearing annual in
cres payable on the first days of January and July,
in the City of New York, at the rate of
SIX PER CENT. IN GOLD,
Ninety Cents on the Dollar.
This road was completed from Omaha 3O5 miles
west the LIST of January, 1867 and is fully equip
ped, and trains regularly running it. The
Company has now on hand sufficient iron ties etc,
to finish the remaining portion to the eastern base of
the Rocky Mountains, 2l2 miles, which is under
tract to be done September ls of this year, and it is
expected that the entire road will be in running
der from Omaha TO its western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento, Cal, during 1870.
MEANS Ot IHE COMPAN1.
Estimating the distance to be built by tho Union
Pacific to be 500 miles, the United States Govern
ment issues its Six per cent. Thirty-year Bonds to
the Company the road is finished at the average
rate of about S2 $50 per milc amounting to POS,
900.
The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at the
same time, which by special Act Of Congress arc
made First Mortgage on the entire line the bonds
Of tho United States being subordinate to thcm.
ppt m akaso tinnO Of nnrp
of land to the mile, amounting to 20 032000 acres
estimated to be worth $50 100000 making the total
resources exclusive ofhe capital, Sl1S,4l6,OO0 but
the full value of the lands cannot now be realized
| The authorized Capital Stock of the Company is
one hundred million dollars of which five millions
have already been paid in, and of which it is not
supposed that more than twenty five millions at most
will be required.
The cost of the road is estimated by competent
gineers to be about one hundred million dollars ex
elusive of equipment.
PR6sPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is complete, and the earnings of the Union
Pacific ON the sections already finished for the first
| two weeks in May Sll30O0. These sectional
earnings as the road progresses will much moro than
| pay the interest on the COmpany's bonds, and the
through business over tho only line of railroad be-
| tween the Atlantic and Pacific must be immense.
Value and Security Of thc Bonds.
| The Company respectfully submit, that tho above
statement of facts fully demonstrates the security of
their Bonds and as additional proof they would sug-
gest that the Bonds offered are less than ten mil
lion dollars tl7 miles of road which over twen-
ty million dollars have already been expended -
ON $50 miles of this road the cars are now running
and the remaining lS7 miles are nearly completed
At tho present rate of premium on gold these
bonds pay annual interest on the present cost Of
Nine Per Cent,
and it is believed that tho completion of tho road
like the Government Bonds they will go above par
| The Company intend to sell but limited amount al
the present low rate and retain the right advance
| the price at their option.
Subscriptions will be received in New York by the
CONTINENTAL NATI6SAL BANK, No. Nassau ST.
CLARK, DOBGE CO., BANKERS, No. 81 Wall St.
JoHS }. Cisco d Son, BANKERS, No. 33 Wall St.
and by BANKS AND BANKERS generally through.
out the United States, of whom maps and descrp'
| tive pamphlets may be obtained. They will also be
sent by mail from the Company's Office No 20 Mas
sau Street, New York, application. Subscriber
will select their own gents in whom they have con
denee who alone will be responsible to them for the
safe delivery of the bonds.
JOHN ]. CISCO,
Treasurer,
NEW YORK.