The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-08-08

THE UNION PACIFIC /
RAILROAD co.
Are now Constructing Railroad from
OMAHA, NEBRASKA, : /
westwardtowards the tho Pacific ocean, making
with its connections an unbroken line
ACROSS I II 4 CONTINENT.
The Company now offer limited amount OF
their
First Mortgage Bonds
having thirty years to run, and bearing annual
interest, payable on the first day ofJanuary and
July, in the ciiy OF New York, At the rate Of
Six Per Cent. in Gold,
Ninety Cents ON the Dollar.
This road 10 already completed to Jules
burgh, S76 miles west Of Omaha and ls fulIy
equipped, and trains are regularly runnlng
overit. The Company has now on hand sun
fcient iron, ties, etc, to finish the remaining
portion 10th eastern base Of the Rocky Moun-
Lrns. 2i2 miles, which is under contract TO be
done September lst ofthis year, aud It's ex-
pected that tho entire road will be IN running
order nom Omaha 10 its western connection Win
the Central Pacific, now being repidly built east
ward from Sacramento, Cal, during 1870.
Means of the Company.
Estimating the distance TO he built by the
Union Pacific to be 1855 miles, the United
States Government issues its Six per cent
Thirty year Bonds to ths Company as the road
Is finished at the .ayerage rate Of about sss,2ao
per mile, amounting to s4i.2O8. 600.
Th,s eOmDanV ia ul1O Dermitte1 TO issue Its
own First Mortgage Bonds to an equal amount,
and at the same time, which by special Act OF
Congress are made First Mortgage ON the en-
tire line, the bonds OF the United states being
subordinate 10 them. .cs
rhe Government makes donation Of 1880
acres ofIqnd 10 the mile, amounting TO 2p,O32.-
900 acres, estimated TO be worth S3O,OOe,O ,OnO,
| making the total resources, exclusive NJ the
capital, Sis ,il6,O00; but the full value OF the
lands cannot now be realized.
The authorized capital stock Of the company Is
| one hundred million dollars, Of which FIVE mill
ionshave already been paid 10, and ofwhich =
lsnoi supposed that more than tM eniy five mill
ions ut most will he required.
| The coat OF the road II estnnted by compe
tent engineers to he about one hundred mlllior
dollars exclusive Of equipment. a..
Prospects for Business.
Tho railroad connection between Omaha and
the East y now complete, and the earnings ofthe
Union Pacific on the sections already finished
These sect 1nal earningsas the road progresses
Will much more than pay the interest on the
company's bonds. and the through business
over the only line ef railroad between the ATTAIN
ticsnd Pacific must be Immense.
Value and Security of the Bonds.
The company respectfully submit, that the
above statement Of facts fully demonstrates the
security other Bonds and aS additional proc
they would suggest that the Bonds now offered
ARE less than ten million dollars on bl7 miles q
road on which over twenty million dOllaTf have
I already been expended;--on $40 miles Of tins
road no cars are now running. and the remain.
ing !S7 miles are nearly completed.
; At the present rate OF premium on gold these
bonds pay an annual interest on the present cos'
: Of a tF t.ary
I Nine Per Cent,
and II Is believed that on the completion Of tht
road, liketho Government Bonds, they will 90
above par. The company intend to sell but
q limited amount ut the present low rate, and re
tain the right 20 advance the price at their op
} ton. ~! t.t s.'t.r +cl yrff'
Subscriptions will bo received In New York b,
' the
: CoSrrsEsrAt NArIoSAL BANK, No. I Nassau
y Street, t,.- ss
CLARK, Dopor & Co., BAsKgRs, 81 Wall st.,
Jons J. Cisco a soS, BASKgRs, No. 80 WALL 81.
! and by BANKS AND BANKE Frs general,
. throughout the United States, Of whom maps
: and descriptive Pamphlets may he obtained. =
y They will also be sent by mail from the cOmpa
l. ny's office, No. 90 NNssnn Street, New York, OF
:, application. Suhscr,bers Will select their owf
y AGENTS IN whom thoy have confidence, VIII,
q al0no viii he responslbleto them for the sal,
delivery oftho bonds.
JOHN j. CISCO,
" Treasurer,
i June 0, iss7wom NEW YOKK