The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-07-18

THE UNION PACIFIC
RAILROAD CO..
Are now Constructing Railroad rom f
OMAHA, NEBRASKA,
westwarliowarls the the Pacific Ocean, naking
with itsconnections an unbroken line
ACROSS THE, CONTINENT.
Tho Company now offer limited amount of
their oss1 tsl 4esS
First Mortgage Bonds
having thirty years to run, and bearing annual
interest, payable on the first day of January and
Ialy, in the CITY OF New York, at the rate Of
Six Per Cent. in Gold,
Ninety Cents on the Dollar.
This road is already completed to Jules
burgh, 376 miles west Of Omaha and is fnlly
equipped, and trains arc regularly running
nyerlt. The Company has now on hand sm-
h1ient iron, ties, etc, to finish the remaining
portion othc eastern hHse Of the Rocky Noun
tlins 2i2 miles, which is under contract TO be
pecied that the entire road will be in running
order from Omaha to its western connection with
the Central Pacific now being rapidly blillteasl
ward from Sacramento CAL, during 1870.
Means of the Company.
Estimating the distance to be built by The
linton Pacific to be l,6G6 miles, the United
states Government issues its Six per cent.
rhlrty-year Bonds to the Company as TIE road
is finished ut tih ? average rate Of about s2S ,2j0
per mile, amounting to g n 2OS UO0
The company is also perln1tted 10 issue its
own First Mortgage ionds 10 an eqnal amount.
aud at the SAME Time, which by special Net o.
Cueyress are made First Mortgage on the en-
tre line, the bonds of the United States being
subordinate 10 them,
Tile Government makes a donation Of IL, $40
acres oflqnd 70 the mila, amounting to 20,032,-
900 acres, estimated to be worth $4,000, ,OOO.
making the total resources, exclusive 0f the
capltpli 1llSilhOOO; but the full value Of the
lands cannot now he realized. rl.t fiIty
The 0uthorzedcapitai stool, OF tho company IL
onc hundred million dollars, Of which Ave mill.
ions have already been paid 10, anil ofwhlch IL
9n2i supposed tlAtmore than twenty-five mill
ions ut most win bc required. tSs ~
Thecost Of the road is estimated by compc.
tent engineers TO he about one hundred million
dollars, exclusive Of equipment
Prospects for Basjness.
The railroad connection between Omaha and
tho East s now complete, aud the earniEgs ofthe
Union Pacific on the sections already finished
Tor The FIRST two weeks IN May we're Sfl3,0O -
These sect NAL earnings M the road progresses
vii much more than pay the interest on the
romp1ny's bonds, and the through business
over the only line cl railroad between the Allan.
tcand Pacific mu-tbc immense.
VdtWc and Security of the Bonds.
! Tho company respectfully submit, that the
above statement Of facts fully demonstrates the
| security oftheir Bonds, and "a additional proof
| they would suggest that the BOnds now offered
nre less than ten million dollars on hl7 nllos oi
road on which over twenty million dollart have
| already been expendcd;-on $50 miles of this
road the cars are now running, and the remain.
| ing is7 Mules are nearly completed
| AZ the present rHte Of premium on gold these
bonds pay aliannnai interest on the present cost
| Of
Nine Per Cent,
and II Is believed that on the completion of tte
road, likotho Government Bonds, they will 10
! above par. The cOmnaDy intend to sell biit a
/ lmit9' luGourt Mt tho present low rate, nd re-.
tain the right 10 advance the price at thor op-
! ton.
subscriptions wlIbo received in Now York by
| tho
coNrtSESrAL NAriosAL BANK, No. Nassau
street,
CLARK, DobGE 4 Co, BASKgRs, 6I Wall st.,
joins J. Cisco Son, BAsKEns, No. SO Wall st.
and Ivy BANEs AND BANKERS gonemlly
| throughout the United States, Of whom inr ps
| lnd descrintive pamphlets may bo obtained. -
| fhey wlllnlso be sent by mail from he rompa.
lny's office, No 20 Nassau Street, New York, oh
! application. Subscribers viii select their own
AGENTS ~ whom they have confidence, who
alone wiz be responsible to them for the safe
I delivery Of the bonds.
JOHN j. CISCO,
| TTeRsurer,