Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-07-26

THE UNION
PACIFIC RAILROAD co
Arc now construction Railroad from
OMAHA. NEBRASKA,
westward towards the Parid, Ocean, making with
its connections aud uubroken line
ACROSS THE CoNrIN ENT.
The Company now offer limited amount OF their
FIRST MORTGAGE BONDS
having thirty years to run and hearing annual
interest payable on the first Il of January and
July, in the City of New \ ork, at the rate OF
SIX PER CENT. In GOLD,
Ninety Gents On the Dollar.
Ihis road is already completed to Tulesburgh,
SO miles west of Omahp and is fully clnprGd,
and trains are regularly running over L. me
Company has now on hand sut lent iron tics, etc
to finish the remaining port ion to the eastern base
Of the Rocky Mountains, ] Il miles, which Is nndcr
contract to be done in september OF tins year, all
it is expected that The entire r0ad will hc in run
ming order from Omaha to it, western connection
with the Ccnteral Pacific now being rapidly built
eastward from sacramento, Cn, during 1870.
Means of The Company.
Estimating the distance to be by the Union
Pacific to be Loss miles the ntcd states Cover.
ment issues Is Six per cent. Thirty-year bonus To
The Com 2any the road is finished III the average
rate OF about S2S2S9 per Mile, amounting to
81 ,2os COO
FIRST Mortgage Bonds u an equal amount and al
the same time, which by special Act ct tohEf1ss
are made "A First Mortgage on the entire ilne, lne
bonds OF the tnited States bei"9 Subordinate u
them.
The Government makes donation of 12s0
acres Of land to the mile, amounting 10 2o,et3Wo
estimated to be worth sSo,0Ga,go0; but the
full value OF lands cannot now be reaEzad.
The authorized Capital stock ut the Company l.
one hundred million dollars, ofwhich live million
have already been paid in, and OF Which / Is not
supposed that more than twenty i've millions n
The cost of the road is estimated by competent
engineers to be about one hnndred million dollars
exclusive Of equipment.
Prospects Of Business.
The railroad connection between Omaha and me
Fast is complete. and the earnings OF inc
Fnon Pacific on the sections already iinlshet for
She first weeks in May were SlIS.00o. These
sectional earnings As the road progresses VIII
much more than pay the interest on the Gem-
pany's bonds, and The through bu iicss over the
only line of railroad between the Atlantic and
Pacific must be immense
J'alue and Security oftRe Bonds.
The Company respectfully submit, that the
above statement offa:ts fully dlm fnSta,es Nt
they would suggest that the bonds now offered are
hess than ten million dollars on 3l1 mites OF road
on which over twenty million dollars have already
bcea eNpen ded ON go miles I'll His road lie cars
are now running, and the remaining " miles a {
nearly complete d.
AT the present rate of premium on gold ihc>C
bonds pay an annual interest on tho present cos
of
Nine Per Cot,
and it is believed that the completion Of the
road, like the Government Bonds they will 90
above par The Company intend to sell but a
limited amount at the present low rate aud retain
The right to advance the price at their ofl"n.
Subscriptions will be re tolve,rin New ofk by
Ike
CONTINENTAL NATIONAL BANK, No. N,ssauS L,
CLARK, DODGE & 60, BtNkEtS, 81 Wall Il,
JOHN j. CISCO Il >uN, BANKER>, s. " all 81,
and by BANKS ANDBANkER> generally through
out the United States, OF whom maps and dgscflr'
tive pamphlets may I've obtained. They VIII al~o
ne sent by mail from the Company Office, Ne q
Nassau Street, New \ DIRK. on apple alton. sub
rcrihers will select Their Agents IN whom tncl
have confidence. who alone viii be respon- ihle K
them for The safe delivery of the dOuds
JOHN J. CTS co,
T5'eFsRFtF.