Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-22
XPER CENT. IN GOLD,
Ninety CENTS ON THE DOLLAR.

This road was completed from Omaha 3o5 miles
west the fist of January 1867, and il fully equip
ped. and trains are regularly running over it. The
Company has now on hand sufficient iron, ties ETC..
to finish the remaining portion to the eastern base of
the Rocky Mountains. 2l9 miles, which is under
contract to be done September lst of this ar and
expected that the entire road will be in running
order from Omaha tots western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento. Cal. during 1870. ;ifg +.
MEANS OF THE COMPANY. siil Iis 4
Estimating the distance to be built bv the Union
Pacific to be 1855 mile the United States Govern
ment issus its Six per cent. Thirty, ear Bonds to-
the Company as the road is finished at the average
rate of about $es. .25o per mie amounting to $44,-
2Us O00 70 -.'ii- +i'i-t 2 'ftt iiif' us'1 1s9g" ~
The Company ia also permitted to Issue its own
First Mortgage Bonds to equal amount, and at
the same time which by srecial Act of Gong ess are
made First Morrgage the entire line, the bonds
Of the United States being subordinate to them.
The Government makes donation of l2, 800 acr
of land to the mile. amounting to o32 600 acres.
estimated to be worth $50. oOc making the total
resources exclusive of the capital $lis 900; but
the full value of th lands cannot now be realized
The authorized Capital Stock of the Company is
hundred million dollars, of which five millions
have aIresdy been paid in and of which it is not
supposed that more than twenty-five millions at
most will be required. a ~ Ere -7Isoyaf
Inc COST OF the ROAD Is estimated Dy competent
inesrs to be about one hundred million dollars.
PROSPECTS FOR BU'lNESS. lasI =,
The railroad connection between Omaha and the
East is complete. and the earnings of the Union
Pacific the sections already finished for the rst
two weeks in May were sll3Ooo, These sectior al
earnings the road progresse will much more than
pay the interest on the Conpsny's bonds, and the
through business the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND Sc URITY OF THE BONDS.
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds, aud AS additional proof they would
suggest that the Bonds now offered less than ten
millions dollars 5l7 mile of road, on which over
twenty million dollars have already been expended;
-on $50 miles of this road the now running
and the remaining 1877 miles are nearly completed.
At the present rate of premium on gold these
bonds pay annual interest the present cost of
''' - NINE PER CENT "e ~
And it is believed that the Of the road,
like the Government Bonds, they will go above par
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 -1...- ....z. .-r.. 81.
Continental National Bank, No. Nassau st.,
Clark. Dodge g Co. Bankers 81 Wall st.,
John j. Cisco Son, Eankers, No. ss Wall st.,
. IL .,... g ..rr.,..r AND BY a. 70
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 Companys Office. No. 60 Mas
sau street. ew York. on application. bcribers
wlselect there own Agents IN whom they have con-
fdence, who alone will be responsible to them for
the safe delivery of the bonds.
JOHL } CISCO, Treasurer,
.t-.-- .r.--..,.. NEW YoRK.