The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1867-06-27
FIRST MORTGAGE BONDS
SIX PER CENT. IN GOLD,
Ninety Gents on the Dollar


This road was completed from Omaha 30J
miles west on the ist of January, 1867, and
is fully equipped, and trains are regularly
running over it. The Company has now on
hand sufficient iron, ties, etc, TO finish the
remaining portion TO the eastern base OF the
Rocky Mountains, 2l2 miles, which is under
contract to be done September lst of this
year, and it is expected that the entire road
will be in running order from Omaha to its
western connection with the Central Pacific,
now being rapidly built eastward from Sac
ramento, Cal, during 1870
MEANS OF THE COMPANY.
Estimating the distance TO be built by the
Union Pacific to be $50 miles, the United
States Government issues its Six per cent.
Thirty-year Bonds TO the Company as the
road is finished at the average rate Of about
S2S,25O per mile, amounting TO S44 ,20S, ,000
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 Congress are made First
Mortgage on the entire line, the bonds of
the United States being subordinate TO them
The Government makes donation of l2,-
500 acres of land to the mile, amounting to-
20, ,032, 900 acres, estimated to be worth $780,
of the capital, S1lS,416,000; but the full
value of the lands cannot now be realized.
The authorized Capital Stock of the Com
pany is one hundred million dollars, of which
five millions have already been paid in, and
of which it is not supposed that more than
twenty-five millions Gt most will be required.
The cost of the road IS estimated by csm-
petent engineers 10 be about one hundred
million dollars exclusive of equipment.
PROSPECTS FOR BUSINESS.
The railroad connection between Omaha
and the east is now complete, and the earn
ing of the Union Pacific on the sections al
ready finished for the first two weeks in Nav
were SlI3.000. These sectional earnings az
the road progresses will much more than pay
the interest on the Companies bonds, and the
through business over the only line of rail-
road between the Atlantic and Pacific muss
be immense.
VALUE AND SECURITY OF THE BONDS
The Company respectfully submit, that
the above statements of facts fully Demon
strates the security of their Bonds and as ad-
ditional proof they would suggest that the
Bonds now offered are less than ten million
dollars on 5l7 miles of road, on which over
twenty million dollars have already been ex-
pended ON $50 miles of this road the cars
are now running, and the remaining IS7
miles are nearly completed.
AT the preseut rate of premium on gold
these bonds pay an annual interest on the
present cost of
NINE PER CENT,
and ii is believed that on the completion of
the read, like the Government Bonds, they
will go above par. The Company intend 10
sell but a. limited amount at the present low
rate, and retain the right to advance the
price at their option.
Subscriptions will be received in New
York by the CONTINENTAL NATIONAL BANK,
No. Nassau St, CLARK, DODGE s. Co,
BANKERS, 81 Wall ST., JOHN ]. Cisco &
SoN, Banners, No. 33 Wall ST.. and by
BANKS and BANKERS generally through
out the United States, of whom maps and de-
scriptive pamphlets may be obtained. They
will also be sent by mail from the Compa-
ny's Office, No. 20 Nassau Street, New
York, on application. Subscribers will Sc
lect their own Agents in whom they have
confidence, who alone will be responsible to
them for the safe delivery of the bonds.
JOHN J. CISCO, Treasurer,
NEW YORK.
June l3.-3m.