Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-07-05

TIE UNION
PACIFIC RAILROAD CO
Are now construction Railroad from
OMAHA. NEBRASKA,
westward towards the Pacific Ocean, making with
its connections and unbroken line
ACROSS THE CONTINENT.
The Company now offer limited amount OF their
FIRST MORTGAGE BONDS
interest, PAYABLE on the first v OF Janiary aad
July, in the City of New York, at the rate OF
SIX PER CENT, IN GOLD,
Ninety Cents on the D ,lla-.
376 miles west Of Omaha, and is fully equipped,
and trains are regularly running over it. The
Company has now on huLd sufficient iron ties, etc.
to finish the remaining port ion TO the eastern base
of the Rocky Mountains II miles, which is under
contract be done in september of this year, and
it is expected that the entire road will be in
ming order from Omaha to its western connection
with the Centeral Pacific. now being rapidly built
eastward from Sacramento, Cal, during 1870.
Means Of the Company.
Estimating the distance to be built by the Union
Pacific to be l,665 miles the United states Govern
:! SIX pe es M the e0as
rate OF about s2s,250 per mile, amounting to
$44 2Os,o00.
FIRST Mortgage Bond, to an equal amount, and at
the same time, which by special Act OF Congress
bonds OF the United States being subordinate to
them.
The Government makes donation of 1880
acres of land to the mile, amounting 10 20,052 900
acres estimated to be worth $50 OOO,OOO; but the
full value of lands cannot now nc realized
The oaPa S.0SS vi e ye
have already been paid in, and of which i is not
supposed that more than twenty-five millions at
The cost Of the road is estimated by competent
engineers to be about one hunorcd million dollars
exclusive Of equipment.
Prospects Of Business.
| The railroad connection between Omaha and .he
| East is now complete. and the earnings of the
Union Iacilc on the sections already finished for
| the f,rst two weeks in May We're $4,000. These
| sectional earnings as the road progresses Will
much more than pay tbs interest on the .o nm
| only line Of railroad between the Atlantic and
| Pacific must be immense.
Val4e ard Security ofthe Bonds.
| The Company respectfully submit, that the
above statement OF facts fully demonstrates The
|
| they would suggest that The bonds now offered are
less than ten million dollars on 57 miles of road
on which over twenty million dollars have already
been expended ;-on $50 miles ofthis road the cara
are now running, and the remaining is' miles 4.e
nearly complete, a..
nj the present rate of premium on gold these
| bonds pay an annual interest on the present cost
Of
Nine per Cent,
and it Is believed that On tho completion Of the
road, like the Government Bond:, they viii 60
above par. The Company intend TO sell but 4
limited amount ut the present low rate and retain
| the right to advance the price AT their option.
| Subscriptions will be received in New York by
| Tic
CONTINENTAL NATIONAL BANK, No. N,ssaus,.
| CLARK, DODGE Co., BANKERS, 81 Wall St,
| JOHN j. CISCO i Soy. BANNERS, % Wall ST.,
and by BANKS AND BANkElsS generally through
out the United States. OF whom maps and dcscrlp
| tive pamphlets may be obtained. They VIII als'
be sent BY mail from tho, Company; Once, No. 2
Nassau Street, New York. on application. Sub
scrbcrs will select their own Agents ia whom toe.
have confidence, who aloae will be responsible T.
them for the Safs delivery OF the donds.
JOHN J. CISCO,
T-ensQroy,
3pso NEH WORK.