The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-06-27
THE UNION PACIFIC
CO.,
Ninety Cents on the Dollar.


Ninety Cents on the Dollar.
This road was completed from Omaha 3oS
iuliy equipped, and trains are regularly running
evert' The Company has now on hand sui.
nclent IRON, ties, etc., to finish the remaining
portion 10 ne eastern base fthe Rocky Noun,
Iuns' Iu' Siz miles, which Is under contract to be
uoue Septe1nher LIST this year, and IL is ex-
pccted that the entire road will be in running
oruerlrom Omaha to its western connection with
the Central Pacific, now being ropdly built east.
"aro rom Sacramento, CAL, during 1870.
Means of the COmpanu.
>, Estimating the distance to bo built by The
Union Pacific to be 1906 miles, the United
SIaIes Government issues It's Six per cent.
lhsirty year Bonds to the Company as the road
is bnished at the average rate OF about s2s $50
pc, lnllet amounting TO S4i.2OS.O00
lhS company IL also permitted TO issue lis
own FIRST Mortgage Bonds 10 an equal amount,
cn Snu AZ the same time, which by Specialize OF
congress are made First Mortgage on the en-.
tlre line, the bonds Of the UnteI States being
subordinate TO them, '
The Government makes donation fla,sOO
caes OF Snd TO- the mile, amounting TO %, ,032,.
OOO acres, estimated TO he worth $40 O00. .OO0
making the total resources, exclusive Of The
capital, Sis ,4l6O00; but the full value Of tho
lands cannot now be realized.
me eauthorlzedcapital stock OF the company Is
one one hundred million dollars Of which iye mill.
IL
isnol supposed that moro than tS enty.fve mill.
ions at most will be required
the cost of the road is estimated by CONNIE.
tent engineers TO be about one hundred million
collars, exclusive Of equipment.
Prospects for business.
The railroad connection between Omaha and
we W., Eastis now complete, and the earnings ofthe
SnIoh racine Oh The sections already fnished
ior the iirst two weeks in May were SII9OOl--
lhesc sectional earnings as the road progresses
VIII much more than pay the interest on the
conpany's bonds, and the through business
, over the only line cfrailroad between the ATTAIN
ucand Paeific must be immense.
Vdtue and Security of the Bonds.
The company respectfully submit, that the
ABOVE statement OF faets fully demonstrates tho
security ofthelr Bonds, and as additional proof
they would suggest that the Bonds now offered
ore less than ten million dollars on 617 miles Of
road, on which over twenty million dollare have
already oeen exponded;-on $50 miles Of this
road the cars are now running and the remaIn-
ing iSI miles are nearly completed.
, AT the present ratio OF premium on gold these
oends pay an annual interest on the present cost
Nine Per Cent,
and Is bellevedth that on the completion OF tho
road, hkothe Government Bonds, they will 20
aoove par. The company intend 10 sell but a
limited amount at the present low rate, and re-
ton. 81 - = '-'f'- ~
the
coNTrSESTAL NATIONAL BANK, No. Z Nassau
Street, sDH gfjt NI
CLARK, DopGs 4 Co, BAsKERs, 81 Wall st.,
JoAH J. CIscot Son, BANKEKs, No. % waIlst.
and by BANKS AND BANKERS generally
throughout the United States, OF whom maps
and descriptive pamphlets may be ohtained.-
They will also be sent by mail from the conpa.
ny's office, No. 20 Nassau Street, New York, on
application. Subscribers will select their own
Agents IN whom they have confidence, who
delivery Of the bonds.
JOHN j.. CISCO,
Treasurer,
June G, lss7wam NEW YORK.