New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-10-30
500 Miles
40 Tnu
UNION, PACIFIC RAILROAD,
RUNNING WEST FROM OMAHA,


to the Pacific will be for MORE THAN ONE
THIRD OF TaS WORK HAS ALREADY BEEN DONE, MoRa
THAN oNRTHTRD OF THE WHOLE LINE Is now IN RUNNING
ORDER AND MORE LABoRERs ARE NOW EMPLOYED UPos
| 1T THAN EVER BEFORE. More than
FORTY MILLION DOLLARS IN MONEY
have already been expended BY the two powerful companies
undertaken the enterprise, and there fluids for IN
vigorous prosecution When the Ue found
it necessary construction of she Union Railroad
develop protect its interests gave the Companies authorized
build such ample aid should render It's speedy completion be5esd
do1bt The available Of the Union Pacific Railroad Company
derived from the aud stockholders be bhsal
summed up $ follows
I-UYTTED STATES BONDS
beang6 per currency the Of $4,000 mile Zoe
5lT miles the Plains then the Of 1900 mile for $50 n
through the Rocky Mountains $4,000 per mile I'd
remaining distance which the Uned States takes eeOad isa
security ,,. ~ ,,
The UnOu Pacific Railroad h land grant obso'sss
donation from the Of 800 the mile which will 10
be worth less than 81 50 per at the lowest valuation
3-THE CAPITAL STOCK
The authorized capital Of the Union Pacific Railroad Company
$lOOo Of which $5OOOOO have been paid the work al
- ATS OWN FIRST MORTGAGE BONDS
BY its charter the Company permitted 20 issue It's First Mort
gage issued the Government
and more and oafy the road progA The Trustees fer the
bondhOers the oa D. Morgan u s. Senator from NewYor
o. Of Representatives.
responsible delivery Of these bonds tho COmpanyh
accordance with the terms Of the law
THE MEANS SUFFICIENT To BUILD TIIB ROAD
Contracts the buing ola miles OF hrcass rai
from Omaha comprising much Of the most dt moansaa
embracing expense except surveying have been made
WITH responsible parties already finished 500 mes) a
average yegh thousand and eght dollars ($s0as
per mile This price includes all shops for construction and
repairs depos stations and all other incidental buildings ard
also passenger baggage and freight other requ
rolling stock amount that shall not be less than 5000 per mia
Allowing the hundred ghr Of hs
miles assumed to be built by she Union Pacific Company
| to be $4,000 per mile
THE TOTAL COST OF ELEVEN HUNDRED MILES WILL BH
AS FOLLOWS:
9l4 miles at S63 2S Cs
Ada discounts on bonds surveys &c........... $4,000
Amount ss3A5O2
the equal money the COmpanys First
Mortgage Bonds have ready market, We have as the
| AVAILABLE CASH RESOURCES FOR BUILDING ELEVD
HUNDRED MILES:
Bonds. 20 80 zoo
Trs. so,lsIse a. 30 h. t -. d, ass "a
Grant I4O6O acres 81 50 per 2ioooo
The Company have ample facilities for supplying deficiency that
msy for construction This may be done wholly or In
part by additional subscriptions TO capital stock
Active INQUIRY already portion Of these lands and
arrangements proposed offer part Of them for sale While
whole value will not be available for 70 come they viii
very mporan, Of to the Company The lands
Ofhe Illinois Railroad Company selling at from 90 to 81
per acre. companies the West receiving eqaa
prices for similar properties
FUTURE BUSINESS.
Pacific Railroad finished the immense business that must sow oef
it, the only railroad connecting the grand divisions Of the North
American continent would be the wonders Of railway ansPoFt
ton; would have competitor could always charge enaAsr
alive rates Mail Steamship Company Of Newfork nos
running regular splendid between san Fanees
and China Japan whs doubtless the pioneer ofothe n that VIII
traverse laden With the teas spices and other proaea
Of Eastern Asia Excepting very heavy bulky articles Of
par.e low values hortness decides the direction Of h
cargOes Will snd their natural transit the UnSa
Pacific Railroad
Its quite within say trse will be limited only
the capacity aud other road will End double track
necessary California and Oregon ouy supplied With
oftnspor passengers mails and other eht bat the
inhabitants Of Dakota Colorado Utah. Idaho and Montana will commu
cate the older States almost entirely by this road 1t will be the
avenue TO great mining district which Is only awaiting this ready
mean, to receive population will develop greAs
mineral and which Of itself would fansh ample bush
for railway line.
NET EARNINGS FROM WAY BUSINESS
While the through business Company viii amply
tive still future the local business the OF the road
in operation has been most satisfactory.
During the quarter ending july average Of S miles Of the
Union Railroad operation The superintendent ke-
port shows the following result
FsS,PSs p6',s' co dsR@ Materials il and 1888 Il
Total. 81
EXPENSES
Fuel Repairs Offices Conductors, Trains Se. $50 %
Total Sl2ooOS 80
The net operating expenses the commercial business for tho
quarter we're s s the COMMERCIAL BUsr
NESS stands as follows;
Earnings for May June and Jay............s2 as
Expenses =" ''.''''''''''"''''' 1880
Net Prost....... ss5TssG
The amount Company S25 miles at $1,000
per mile $52OO Interest gold three mouths at sH per eeai
on this sum 1900; add per premium, correspond with
currency earnings is eO-howug that the net earnings for this
quarter were more hda four ae the First Mortgage
Bonds on this length Of road
FIRST MORTGAGE BONDS
whose principal amply provided for and whose interest 50 thor
oueh secured cl among the safest Investments They par
SIX PER CENT IN GOLD.
and are now offered at NINETY THE DOLLAR and
erued interest at Six Per Currency from july l.
Many parties taking advantage the present high price Of Gov
eminent stocks to exchange these Bonds which FIFTEEN
PER CENT CHEAPER and Of premium goh
OVER NINE PER CENT INTEREST.
sahsops will be received the Compinys o6ee.
| No. 20 Nassan-st, and by
CONTINENTAL NATIONAL BANK, No Nsssaust
CLARK. DODGE 4 CO., Bankers, No 81 Waist
JOHN J. CISCO SON. Bankers. No 80 waitst
HEDDEE, WINCHESTER CO., No CO Broadway.
and b, the Companys advertised gents throughout the United states
whom maps and descriptive pamphlets may be obtained
Remanc should drafts other isads now IN NeSieh
and the Bonds will be of charge by retGa Express
JOHN J. CISCO, Treasurer
| o., % 1851 Ssw.YoKn
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No. 900 BROADWAY.
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