The Portland daily press., 1867-07-01
MISCELLANEOUS.

4 -
y ION PACIFIC
| RAILROAD co. @
| Arc now constructing a Railroad from
| 4 OMAHA, NEBRASKA,
| westward towards the Pacific Ocean, making wit
| Its connections an unbroken line
ACROSS THE CONTINENT.
The Company now offer limited amount of their
FIRST MORTGAGE BONDS
having thirty years to run, and bearing annual in
terest, payable the first day Of January and July
| In the City OF New York, at the rate ct
Six Per Cent. in Gold,
Ninety Cents on the Dollar.
This road is already completed to Julesburg three
hundred seventy six miles west OF Omaha and IS fully
equipped, and trains are regularly running it,
Tho company has now Oh hano SUFFICIENT Iron, ties,
etc., to finish the remaining portion to the
base OF tho Rocky Noun tains, PIP miles, watch is
under contract to be done September LIST OF this
year, and 1t is expected that the entire road VIII be
IN running order from Omaha to It's western connec.
tion with the Central Pacific, now being rapidly
built eastward from Sacramento, CAL, during 1870
f. Means of the Company.
Estimating the distance to be built by the Union
Pacific to be ,o65 miles, the United States Govern
ment issues its Six per cent. Thirty year bonds to
the Company the road is finished at the average
rate OF about 81, ESQ per mile, amounting to SAL
100000.
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount and at
the same time, which by special Act OF Congress
made First Mortgage ON the entire line, the bonds
of the United states being subordinate to them
The Government makes q donation of IL 300 acres
OF land to the mile, amounting to 2OOs2, 600 acres
estimated to be worth $50 900. making the tota
resources, exclusive OF the capital Sis 600; but
che full value OF the lands cannot now be realized
The authorised Capital Stock of the Company is
one hundred million dollars, Of which five millions
have already been paid in, and OF which it is no,
supposed that more than twenty-five millions at
most will be required. -. ..s. e..
The cost OF the road Is estimated by competent
engineers to be about one hundred million delars
exclusive Of equipment.
70 Prospects for Business.
The railroad connection between Omaha and the
LAST is now complete and the earnings of the Union
Pacific on the sections 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
Value and Security Of the Bonds.
The Company respectfully submit that the above
staementof facts fully demonstrates the security
their Bonds, and as additional proof they would sug
gest that the Bonds now offered are less than ten
million dollars on SIT miles of road, which over
twenty million dollars have already been expended;
on $50 miles of this road the cars are now running
and the remaining 1877 miles are nearly completed.
At the present rate of premium on gold these
bonds pay an annual interest on the present cost
Nine Per Cent,
and 1t is believed that the completion of the road
like the Government bonds, they will 60 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. s-.. .-
Subscriptions will be received in New York by the
CONTINENTAL NATIONAL BANK, No Z, Nassau St.
CLARK, DODGE q Co., BANKERS, 81 Wall ST.,
JOHN j CISCO & Son, BANKERS No. 49, Wall St
and by BANKS AND BANKERS generally
throughout the United States, OF whom maps and
descriptive pamphlets may be obtained They
will also be sent by mail from the companys office
No. 20 Nassau street, New York, on application
Subscribers will select their own Agents in whom
they have confidence, who alone will be respousbl
10 them tor the saic delivery of the bonds.
JOHN =. DISCO, Treasurer,
W: H. WOOD q SON, are agents for the sale of