The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-06-04

finish the rem aiming portion to TIE east
miles, which is under contract to be done
September LIST of this year; and it is ex-
pected that the entire road will be in rans
ming order from Omaha to Its western
connection with the Central Pacific, now
being raofdly built eastward from Sacral
mento, Cali, during 1870. lsa ~ tao1i ~.
|1l9To9 Means Of the Company.
| =, Estimating the distance to be butt by
the Union Pacific ito be SOS miles, the
| United states Government issues its Six
per Cent, Thirty Year Bonds to the Com
pariy as the road is finished, at the average
rate es Of AT about go per mile. amounting to
The Company is also permitted to issue
its own First Mortgage Bonds to an equal
amount, and at the same time; which. by
special Act OF Iongress, are made a First
mortgage on the entire line, the bonds of
the United States being satbordis9te to them.
The Government makes a donation of
1880 acres of land to the mile, amounting
$50, 600 ,0U0 making the total resources, ex-
elusive of, the capital, Sis, Ale, 600: but the
lied. tcA11T -nrz rEtF rfH
The authorized Capital stock of the Conn
pany Is one hundred million dollars, of
which five millions have already beep
paiQ in, and OF which. ii is not supposed
That more than twenty-five millions at
most will be required s1
+ Thecost OF the road is estimated by COM
petent engineers to be about Qae hundred
million dollars exclusive OF equipment.
p -''H4 Prospects fosaBusincss. =
The railroad connection between Omaha
earningsaof the Union Pacific on the Sec
tions already finished for the first two
weeks in May were $4,000: These sec
ttOnal earnings rs the road progresses will
much more than pay the. interest ON the
.Cornpanyss bonds, and the Though busi-
ness over the only line of railroad Between
tine Atlantic ana Pacific must be immense.
iVulue and Security of tie Bonds.
The Company respectfully slhaaAitrt,sss-
the above statement of facts fully demon
sttates the security of their Bonds; and as
-anufrfonal proof they. would. suggest that
thesBonds now offered are less tfIah ten
which twenty milf doIlars have, al
ready been expended. On $50 miles of this
rordthe cars st1ae3now running, aAaSi-tlss-ss-'
maing Isl miles are nearly completed.
- Atthe present rate of premium on gold,
these bonds pay an annual interest on the
present cost OF 20 tf@-~--~
. .sa-a7T- Nine per- CtsR,i a-
and it is believed that on the completion
OF the road. like the Coz errimeut Bonds
they viii eoabove par. Inc com pai1y YIN in,
tend TO sell but a limited amount at the
present low rate, and retain the right to
subscriptions will be received in New
York blythe ~ st t.s5
coNrlSENTAL NATIONAL BANK,
i71 CLARE, DopeE & Co, Bankers. 49,
-1- 81 Wall Street;
No. So Wall Street;
and by Banks and ,Bonke7n generally
throughout the United states, of whom
maps and descriptive pamphlets may be
obtained. They will also be sent by mail
from the Company's office, No 20 Nassau
scribers Will select their own Agents, in
whom they have Lconfidence,e who alone
will be responsible to them Tor the safe
delivery of the bonds. sl,.. ~
JOHN j. CISCO, 1903
- Treasurer, III 3
M, q x.oa "a q ,u2r,, NEW -YnRL