The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-06-06
SIX PER CENT. in GOLD
Ninety Cents on the Dollar

Ninety Cents on the Dollar.
This road was completed from Omaha sos miles
the LIST of January, 1851, aud is fuly equip
ped. AMI trains regularly cunning over it. The
Company has now hand SUFFICIENT iron, ties, ETC.,
to finish the remaining portion totEe eastern base OF
the Rocky Mountains, el2 miles. which is under
tract to be done Sep em5er lst Of this and Is
expected that the entire road viii pc 10 running order
from Omaha TO it. western connection vita the Cen
trail Pacific, being rapidly built eastward from
Sacramento, Cal. during 1870.
MEANS OF THE COMPANY.
Estimating the distance to be built by the Union
Faciac De $50 miles, the United States Govern
msnt issues its Six per cent Thirty Bonds to
the Company the road is finished at the average
rate of about SIS $50 per mile, amounting 10
oOo.L I 81 asesEa8ur=i
The Company is also permitted to issue its own
First Mortgage Bonds TO equal amount, and At the
time, which by special Act of Congress made
First Mortgage the entire line, the bonds Of the
United States being s16ordtaeas 70 de~.
The Government makes donation of Il, 500 acres
of land the mile, amounting 70, 032 600 acres
tmated be worth $50, 600 eoO, making the total
sources, exclusive OF the capital Sis but the
full value of the lands cannot now be realized.
The authorized Capital Stock of the Company is
hundred million dollars, of which FIVE millions
have already been paid and of which il is not sup
posed that than twenty-five millions will
be required
The Of the road is estimated by competent en-
gineers to be about hundred million dollars,
elusive of equipment
PROSPECTS FOR BUSIN ESS.
The railroad connection bet~ cen Omaha aud the
East is complete, and the earnings of tho Union
H.. l., ~
two weeks 10 May, were s112,Ooo. These sectional
earnings is the road progresses will much more than
pay the iuteres. on the Company's bonds, and the
through business the only lire Of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND SECURITY OF THE BONDS.
The Company respectfully submit, that the above
statement the facts fully the security
Of their Bonds and additional proof they would
suggest that the Bonds offered less than ten
million of dollars 81 miles of road, which over
twenty million dollars have already been expended =;
$50 miles of this road the cars running.
and the remaining Isl miles nearly completed.
At the present rate Of premium gold these bonds
pay annual interest on the present cost of
NINE PER CENT,
and i, believed that the completion of the road,
like the Government Bonds. ttev will go above rar.
The Company intend to sell but a limited amount at
present low rate and the right advance
the price at their option.
Suhscl iptious will be received in New York by the
CONTINENTAL NATIONAL BANK. No. Nassau ST.,
CLARK, DopeE Co., Bankers, 81 Wall-st,
/ john J. Cisco Son, Bankers, No. 33 Wali-st.,
and by BANKS AND BANKERS generally through
the United States of whom maps and descriptive
pamphlets may be obtained They will also he sent
by mail from the Company Office, No. 20 Nassau
| Street, New York, application. Subscribers win
select tter own Agents in whom they have confidence
who alone will be responsible 10 them for the safety
/ of the bonds.
| JOHN ). CISCO, Treasurer.
| [2m:isl s9itt NEW YORK.
| CHIEF Jusr cs CaAsE arrived at Raleigh. y.
Carolina, yesterday afternoon. He was met ~
the deI"t by number OF lawyers, and = largs
| crowd. composed mainly Of negroes. who es
corted him 10 the hotel. from the balcony Of
which he briefly thanked the people for their
kind reception. a.
THE stree; car question is troubling The peo-
pie Of Nashville. Special cars have been set
! apart for negroes, but they do not appear to be
satisfied with that arrangement, and. on SIM
day, a mob of coiored folks took forcible pos
session Of the cars reserved for white trash
Nobody was hurt.
The Treasury department is prepared to
deem United State, Compound Interest notes
as they shall severally mature, BY payment Of
principal and interest thereon to date Of maturi-
| ty by payment of principal and interest thereon
to date Of maturity on their presen tation to the
Treasurer or to the assistant Treasurers at
New York. Philadelphia, or Boston. ~r
/ II The Austrrin Minister at'Washng,on has
received intelligence encouraging the hope that
MAxIHILsAN will be released on condition Of
| formal rcnunciatien Of all clains to the crown
| of Mexico. .f+t
DIED.-Near Spartanburg. Randolph county, Ind
on Monday, May 10th, 1887, THoxAs Coon. aged one
handred three years, -four months, and tweuty-four
/ Gays. +s - a-.f 10 re. ~ ess5 - 4. =,
The deceased hAs been resident of this State for
sixty three years, and eigrated from the Ssate of
North Caroline, in 1894, and FIRST settled few miles
North Of this city, from whence he moved to the
neighboriiooc of Spartanbure. He was member of
tie A. ". E. Church, and his exemplary "waIk sDd
Conversation entitled hin to be Christian, and be
died in the blessed hope of immortality beyond the