Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-02
SIXPER CENT. IN GOLD,
Ninety CENTS ON THE DVLLAR.

This road is already completed to Julesburg, 376
miles west of Omaha, and is fully equipped, and
trains regularly running over it. The Company
has hand sufficient iron. ties. etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains, 141 miles, which is under con
tract to be done in September of this and it is
expected that the entire will be running order
from Omaha to is western connection with the Gen.
trail Pacific, being rapidly built eastward from
Sacramento, CAL, during 1870. t1
,... MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Pacific to be 565 mile 4, the United States Govern
ment issus its Six per cent. Thirty, Bonds to
the Cop papy the road is finished at the average
rate of about sas $50 per mile, amounting to $44.
2Os 900. . !r-
q The Company is also permitted to issue its own
First Mortgage Bonds to equal amount, and at
the same time which by srecial Act of Gong are
made First Mortgage on the entire line. the bonds
of the United States being su6ordin0teto them.
The Government makes donation of 70, 800 acr
of land to the mie, amounting to 2O.O3iOOo acres.
estimated be worth $50 900 OOo making the total
resources exclusive Of the capital $Ils ooo but
the full value of tn lands cannot now be realized
The authorized Capital Stock of the Company is
one hundred million dollars of which five millions
have alresdy 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
en- inears to be about hundred million dollars,
exclusive of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha and the
East is now complete and the earnings of the Union
Pacific the sections already finished for the first
two weeks in May were $4,000. These sectors al
earnings as the road progresses will much mere than
pay the interest on the Company's bonds, and the
through business the only line of railro I'd be-
tween the Atlantic and Pacific must be immense.
VALUE AND SEt URITY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonst ates the security
of their Bonds, and additional proof they would
suggest that the Bonds offered less than ten
millions dollars on 517 mile of road, on which over
twenty million dollars have already been expended;
--on $50 miles of this road the running.
and the remaining 1877 miles are neatly completed.
At the present rate of premium on gold these
bonds pay an annual interest on the present cost of
NINE PER CENT,
And it is believed that the completion of the road
like the Government Bonds, they will go above par
Toe Company intend to sell but limited amount
at the present low rate and retain the right to ad-
vance the price at their option.
Subscriptions will be received in New York BY
the
Continental National Bank, No Nassau St.,
Clark. Dodge & Co. Bankers 81 Wall St.
John j. Cisco & Son, ankers, No. 33 Wallsr,
AND BY
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States, of whom Maps and Descrip-
tive Pamphlets may be obtained. They will also be
sent by mail from the Company's Office. No. 90 Mas
sau street. New York. on application. Sub 'cribers
will select there own Agents in whom they have con-
fdence who alone will be responsible to them fol
the safe delivery of the bonds.
JOHL = CISCO, Treasurer,
NEW loRK.
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