Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-07-18
SIXPER CENT. IN GOLD,
NINETY GENTS. ON THR DOLLAR.

This road is already completed to Julesburg, $40
miles west Of Omaha, and is fully equipped. and
trains are regularly running over it. The Company
has hand sufficient iron. ties. etc.. to finish
the remaining portion to the eastern base of the
Rocky Mountains, al miles. which is under con-
tract to be done in September of this year. and it is
expected that the entire will be in running order
from Omaha tot western connection with the Gen.
trail Pacific, being rapidly built eastward from
Sacramento Cal. during 1870. . f.iiiTH sTt /
s5l1 A1e MEANS OF THE COMPANY. I b5f,sl
Estimating the distance to be built by the Union
Pacific to be 565 mile the United States Govern
ment issus its Six per cent Thirtyyear Bonds TO
the Company the road is finished at the average
rate of about s2s ESQ per mile. amounting to a..
206 OOO fW Ja-fGiissE5 Hu4 1871 1908
The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount. and at
the same time, which by ecial Act Of Cong
made First Mortgage on the entire line, the bonds
of the United States being subordinate TO taens.
The Government makes donation Of 12 800 acr
Of land to the mile, amounting to 2Oos2 600 acres
estimated to be worth $4,000 600. making the total
resources, exclusive Of the capital $lIs ooo but
the full value of tn lands cannot now be realized
The authorized Capital Stock of the Companyis is
one hundred million dollars. of which I've millions
have slresdy been paid in, and of which it is not
supposed that more than twenty-five millions at
most will be required. ,-r f4a p. ..of.f,s..
The cost of the road is estimated by competent
ensineers to be about one hundred million dollars
exclusive of equipment. 1 r;gtJiafr % sraA
I'm -7r PROSPECTS FOR BUtIHESSg IsUog
The railroad connection between Omaha and the
East is complete and the earnings of the Union
Pacific the sections already finished for the first
two weeks in May were $4,000. These sectional
earnings the road progresses will much more than
pay the interest on the CoDpany's bonds. and the
through business the only line of railroad be-
tween the Atlantic and Pacific must be immense.
VALUE AND Sc URlTY OF THE BONDS.
The Comr any respectfully submit, that the above
statement of facts fully demonst ates the security
OF their Bonds, and as additional proof they would
suggest thatth Bonds now offered are less than ten
millions dollars 5l7 miles of road. which over
twenty million dollars have already been expended;
-on $50 miles of this road the now running
and the remaining 1877 miles nearly completed. to
At the present rate of premium on geld these
bonds pay annual interest the present cost of
80 Of sa NINE PER CENT, n..l l9Tg
And it is believed that of the road
like the Government Bonds, they will go above par
Tre 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 -a
Continental National Bank, No Nassau St.,
Clark, Dodge b Co. Bankers, 81 Wall St..
John ]. Cisco Son, Fankers, No. SO Wall 81,
.-."H ti AND BY
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 Company's Office. No. 90 Mas
sau street. New York. on application. Sub;cribers
will select there Agents in whom they have con-
fdence who alone will be responsible to them fol
the safe delivery of the bonds. ---'i li.- f. u'
( iau JOHL j. CISCO, Treasurer,l i'
I'll. u .s59 NEW oRK.
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