Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-06-06
SIXPER CENT. GOLD,
d NINErY9 CENTS ON THE DOLLAR.

Z d Ninety CENTS ON THE DOLLAR. ~
This road was completed from Omaha 3O5 miles
west on the fist of January, 1867 and is fully equip
ped. and trains are regularly running over it. The
Company has now on hand suficientiron. ties, etc..
to finish the remaining portion to the eastern base of
the Rocky Mountains, t2I3 miles, which is under
contract to be done September Ist of this W and
it is expected that the entire will be in running
order from Omaha toifs western connection with the
Central Pacific, now being rapidly built eastward
from Sacramento. CAL, during 1870 'o' 't
ssrC1 ~ MEANS OF The COMPANY ~ 4 10 20
Estimating the distance to be built by the Union
Pacific to be 1,565 mile, the United States Govern
ment issus its Six per cent. Thirty-Jear Bonds to
the Company as the road is finished at the average
rate of about s2s,75o per mile. amounting to &44.
20s, ,O00.I .--, ff s--.,.--...-.. off no B. tI
q The Company is also permitted to issue its own
First Mortgage Bonds to an equal amount. and at
the time, which by special Act of Cong ess are
made First Mortgage on the entire line, the bonds
of the United States being subordineteto them.
The Government makes q donation of 12. 500 acr
of land to the mile, amounting to 032 900 acres
estimated to be worth $50, 900 ooO making the total
resources, exclusive of the capital Sls 4l6 900; but
the full value of tn lands cannot be realized
The authorized Capital Stock of the Company is
hundred nillion dollars, of which i've millions
have aresdy been paid in. and of which it is, not
supposed that more than twenty-five millions at
most will be required. '- A' .hr- ---'li+
The cost of the road is estimated by competent
eneinesrs to 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 earnings of the Union
Pacific the sections already finished for the fI st
two weeks in May were $4,000. These section al
earnings the road progresses will much more than
pay the interest on the Companys bonds, and the
through business the only line of railroad be-
tween the Atlantic and Pacific must be immense.
li VALUE AND SECURITY OF THE BONDS. b
The Conn any respectfully submit, that the above
statement of facts fully demonstrates the security
Of their Bonds, and additional proof they would
suggest that the Bonds offered less than ten
millions dollars 5l7 mile of road, on which over
twenty million dollars have already been expended
-on $50 miles of this road the running.
and the remaining 1877 miles are nearly completed.
At the present rate of premium gold these
bonds pay annual interest the present cost of
NINE PER CENT, -u-
And it is believed that the completion of the road,
like the Government Bonds, they will go above par
TIE Company intend to sell but limited amount
at the present low rate and retain the right to ad-
vance the price at their option. i''7
Subscriptions will be received in New York by
the i-., l'1i
Continental National Bank, No Nassau St.,
Il Clark, Dodge & Co., Bankers, 81 Wall St., a-f
a. John ]. Cisco Son, Bankers, No. 80 Wall St.,
ii AND BY 't .l.a
RICKLY & BRO, Columbus, Ohio,
And by BANKS and BANKERS generally through
out the United States, of whom Maps and Descrip
tive Pamphlets may be obtained. They will also be
sent by mail from the Company's Office. No. 90 Mas
sau street. New York. on application. Sub cribers
will select there Agents in whom they have con.
fidence who alone will be responsible to them fol
the safe delivery of the bonds. ~ 'll
,JOHL }. CISCO, Treasurer,
may30-daw3m-ins-r ."'ti2H' IT. 15T'