Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-08-04
NEW YORK.
700 MILES
OF THE
union PACIFIC R. R.

Are now finished and in operation. More than
twenty thousand men are employed, and it is not
impossible that the entire track, from Omaha 10
Sacramento will be finished in 1869 instead of 1870.
The UNION PACIFIC RAILROAD COMPANY
receive:
IA Government Grant of the riaht of
way. and all necessary timber and other mate
riaIs found along the line of its operations.
I1.-AGovernment Grant of 70, 500 acres of
land to the mile. taken in alternate sections on
each side of its road. This is an absolute do
nation. and will be source of large revenue in
the future.
II.-A Governments Grant of United
States Thirty-year Bonds, amounting to from
$4,000 to $4s, 900 per mile, according to the diff
fculties to be surmounted on the various Sec
tions to be built. The Government takes sec
ond mortgage as security, and it is expected that
not only the interest," but the principal amount
may be paid in services rendered by the Com
pany in transporting troops, mails. 90. s5i5-.
IVA Government Grant of the right to
issue its own FIRST MORTGAGE BONDS,
to aid in building the road. to the same amount
as the U. s. Bonds, issued for Tie same purpose.
andno more. THE GOVERNMENT PERMITS the
Trustees for the First Mortgage Bondholders to
deliver the Bends to the Company only as the
road is completed, aud after it has been exam
ined by United States Commissioners and pro-
nounced to be in all respects first-class sill
road. -s ..-.,7f ri ...-. a.-.--.
VA Capital Stock Subscription from
the stockholders, of which Eight Million
Dollars have been paid in upon the work al
ready done. and which will be increased as the
wants of the Company require. ion s.sf5a5-
VI.-Net Cash Earnings on its Way Busi-
ness that already amount to MORE THAN THE
INTEREST the First Mortgage Bonds. These
earnings no indication of the vast through
traffic that must follow the opening of the line
to the Pacific. but they certainly prove that
FIRST MORTGAGE BONDS
G0NTfSaESCY 5HSiS TlS0a2s 4NA 'N'o eh DE 19ND AM
| The Union Pacific Bonds run thirty years. are for
$1,000 each, and have coupons attached. They bear
annual interest, payable on the first days Of Janu-
sry and July at the ConPany's Office in the city Of
principal is payable in gold at maturity. The
price is 1O2, and at the present rate of gold they
The Company believe that at the present price
these Bonds the cheape: t security in the
any time, Subscriptions will be received in New
York at the --7i -- ...-ii .-- III
Company's office, No. 90 Nassau ST.,
| AND BY ...-.
John J. Cisco & Son, Bankers, No. 50
| Wall Street,
And by Leading Bankers generally throughout the
Rennittancos should be made in drafts %. other
funds par IN Neeo YORK. ctasd the Bonds aou be sent
free of charge by return eDpress. Parties sub
scri6fng through local agents. aOi1 look to them for
" PaaMPHIET PsaS Pfii9sf AND MAP FOR 1858 has just
been published by the Company, giving fuller in
| Of the Country traversed by the Road the Means
which will be sent free on application at the Com
gsPys Offices % g. to any Of the adyertissd agents;
July 81, 1868.
Pc ENY-jul6-d 6-d&w2m