The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1867-07-04
FIRST MORTGAGE BONDS
SIX PER CENT. In GOLD,


Ninety Cents on the Doliar. -,
This road is already compieieu ~ ~.
burch, $40 miles west OF Omaha, anu 10 ioy
equipped. and trains are regularly running;
over it. The Company has now Oh manu-
sufficient iron, ties, ETC., to hnlsh 'he
naming portion to the eastern naSc % ','
Rocky Mountains. l4I miles, which IS un-
der contract TO be done in September OF this
wear. and it is expected that the entire road
will be in rnnninp order from Omaha to ITS
western connection with the Central Pacifc'
now being rapidly built eastward IRON 0ac-
ramento, Cal, during loIO.
MEANS OF THE COMPANY.
Es,imatipc the distance to be built by the
Union Pacific to be $50 miles, the Unlted
States Government issues its Six per cent
Thirty-vear Bonds TO the Company as the
road is finished at the average rate OF apont
SIS. $50 per mile, amounting TO Sl4,2oo,Uoo
The Company is also permitted TO issue
its own First Mortgage Bonds to an equal
amount, and at the same time, whlcn oy
special Act OF Congress are made FIRST
| MORTGAGE on the entire line, the bonds OF
the United States being subordinate 10 tAeW.
The Government makes donation orl2,-
| 500 acres of land TO the mile, amounting 10
DC. .O32, 600 acres, estimated to be worth Sou
| 600 600 ma kino the total resources, exclusive
of the capital. SIls,4I6,0 600; but the full
value of the lands cannot now be realized.
The authorized Capital Stock of the Com
pany is one hundred million dollars, OF which
five millions have already been paid IN, ana
of which it is not supposed that more inan
twenty-five millions at most viii be required
The cost of the road is estimated by COM
petent engineers 10 be about one hundred
million dollars, exclusive OF equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha
and the east is now complete, and the cara
ing of the Union Pacific on the sections al
ready 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 Companies bonds, and the
through business over the only line of rail-
road between the Atlantic and Pacific must
be immense.
VALUE AND SECURITY OF TIE BONDS.
The Company respectfully submit, that
the above statements of facts fully demon
strates the security of their Bonds and as ad-
Iditonal proof they would suggest that ths
Bonds now offered are less than ten million
dollars on 5l7 miles of road, on which over
twenty million dollars have already been ex-
pended ON $50 miles of this road the cars
are now running and the remaining Isl
miles are nearly completed.
At the preseut rate of premium on gold
these bonds pay an annual interest on the
present cost of
NINE PER CENT,
and il is believed that on the completion OF
the read, like the Government Bonds, they
will 90 above par. The Company intend TO
sell but limited amount at the present low
rate, and retain the right TO advance the
price at their option.
Subscriptions Will be received in New
York by the CONTINENTAL NATIONAL BANK,
No. 7 Nassau ST., CLARK, DoDGE & Co,
BANKERS, 81 Wall ST., JoHN J. Cisco ~
SoN, BANKERS. No 35 Wall ST.. and by
BANKS.and BANKERS generally through
out the United States of whom maps and de-
scriptiye pamphlets may be obtained. They
viii also be sent by mail from the Compa-
ny's Office, No. 20 Nassau Street, New
York, on application. Subscribers will Sc
lect their own Agents in whom they have
confidence, VINO alone WI! be responsible to
them for the safe delivery of the bonds.
JOHN J. CISCO, Treasurer,
NEW YORK.
limo 10 Sn