The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-07-23

UNION PACIFIC
RAIL ROAD COMPANY,
Az nev sonstue'iss eearaaa tem
OMAHA. NEBRASKA.
westward lo~arAs tha rssls6 0esaa, naaipe sith
b. oarpoesloas a. sabrtta lns
ACRoss THE CoNTGN ENT.
The caaaanY a1~ aa,r l.mi'sd smear, z Their
FIRST MORTGAGE BONDS
b. vag dirty ysau Is u,r. ssa bnarius aunuai TO-
tsresi payable The hra aay q Jsausfs and guly.
70 shs City ofNew Hors q, the nsis *
SIX PER CENT. IN GOLD,
Ninety Cents on the Dollar.
/ This road IL alroads completed "a lalasbursh. sle
miles west n Omaha, and Is fully equip
pea and trains are regularly ranniar over h. The
Company has new "a hand sufseieu, iron tics ETC..
70 iaish The reamiulas portion to The eastern base
ofibc Rocky Mountains, 2ls miles which il under
contract 70 be dcno September ~ of this year and
II is expected that the cntirs road w BE IN running
order from Omaha 70 Is western connection With
the Central paclho, new being rapidly bat, east
ward from Sacramento Cal, during 1870
.Hsaas II u.s css.paaD.
Estimating the distance 10 be ballt BY the Union
Pacific TO be 1895 miles, The United States Govern,
neni issues is Six per cent. Thiny-ycar Rsads to
the Companyas the road IS finished at tho average
rate Of about s2s,2bo per mile, amounting to sal,,
2o7 900.
/ The Company Is also permitted to issue Is own
First Mortgage Bonds 10 an equal amount and at
the same time, which by special Act Of Congress
are made First Mortgage on tie entire line, the
bonds fthe United States being subordinate % acn
The Government makes donation uCi2 500 acres
Of land to the mile, amounting TO 20. os2 900 acres
estimated to be worth 100000 making the total
resources, exclusive Of the capital siis, 4l6,oOo,
but the full value Of the lands cannot pow be roa
liked.
The authorized Capital Stock Of tho Company is
one hundred million dollars, Of which five millions
have already been paid in, and Of which is not sup
| posed that more than twenty Ave millions at most
will be required.
The cost Of the road is estimated by competent
/
exclusive Of equipment.
Prospects fer Bssaasss.
1 The railroad connection between Omaha and the
Eat is now complete, and the earnings Of the Union
Pacific on the section already finished for the first
two weeks IN May were $4,000. These sectional
earnings as the road progresses 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 must be immense.
V'@I"s esd security Of the Bonds.
The company respectfully submit, that the above
statement Of facts fully demonstrates the security Of
thor Bonds, ard rs additional proof they would
suggest that the Bonds now offered are less than ten
million dollars on 517 miles Of road, on which over
twenty million dollars have already been expended
Ion $3.50 miles Of this road the cars arc now running
and the remaining 1871 miles are now nearly com,
pleted.
At the present rate Of premium ON gold these
bonds pay annual interest on the present cost Of
.v1ne Per Cent,
and il is believed that on the completion Of the road
like the Government Bonds, they will q above par
The Company intend to sell but limited amonnt
1t the present low rates and retain the right to adj
vance the price at their option
CGYrNENTAL NATIONAL BANK, MOI Nassau ST.,
CLARK, DopGE & Co., BANKE is, 81 Wall st.,
joins J. CISCO & Son, BASKERs, No. 80 Wall st.,
and by BANKS AND BANKERS generally through,
out the United States, ofwhom maps and descriptive
pamphlets may be obtained They will also be sent
by mail from tie Company's Office, No. 20 Nassau
street, New York on application Subscribers Will
select their own Agents in whom they have eoni.
dence who alone will be responsible 10 them for the
sale delivery Of the bonds.
JOHN J. CISCO, Treasurer. New York.