The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-04-18

at ten per per annum s payable semLannuay at the
OF the Undersigned. SPOFFORD, TILESfON co.
THE
UNION PACIFIC RAILROAD COMPANY
Offer limited amount of their FIRST MORTGAGE BONDS
At PAR, principal aud interest
PAYABLE IN GOLD
The Great Pacific Railroad Line extending l7l mes from
Omaha Missouri the tide waters of the Pacific
Ocean, being built by two powerful companies The Union
Pacific beginning at Omaha, building we and the Central
Pacific of California beginning Sacramento building east
until the two roads shall meet.
Both companies have prosecuted the rea, vgor
the Union Pacific having already expended over
THIRTY MILLION DOLLARS,
parts of the undertaking Union Pacific completed
$50 miles, other materials for 200 miles more
upon the ground 100 additional miles ready for the
track They will have much larger force employed year
than before, and it Is expected .ha.be.wecn
EIGHT HUNDRED AND NINE HUNDRED MILES
will operation during 1888 There seems to be no rea
sonable doubt that the distance between Omaha and s.ca
mento will be traversed by rail in 1870.
The grants acres of land and ito bonds
to the Of s2sooo per aid in the con-
s,rcton of the ine the issue of the First
Mortgage Bonds offered sale the same amount and
Tie government takes lien and gives to
the First Mortgage Bondhodes prior for their security
to which large paid up capital added The Bonds cannot
except twenty miles is accepted
by government commission that they always represent
real property
1t is universally admitted that the completion Of the
Union Pacific Railroad through business will make IT one
of the most profitable in the world but It's way or local bust
already several the on It's Bonds so that
not another they would be secure invest,
ment
earnings eight months year on an average
Of ss6 miles officially reported IL 1885, while the in
all Bonds could on that of road
for that time reduced to currency, only sSi5s
The paid by the for the
OF troops munitions has been aud doubtless
will continue be- much than the the United
States Mortgage Bonds n1h nst The csxtes BRO
vidss that aisr The rosd completed said Bonds
esd t.s.sss s.sA = s ave ~ cen. of The uss ..rua
Of sAs road ss.'l Be applied 70 such payment.
~ uaiss essas Bsss - fss 1000 s.sa, ed h.,. CO.
poss ..sAs4 sy Asve thirty years 70 run, end bear q.
nu. Interest payable the LIST days J.nu.y end July
conpsnys once in the city York. at the rate of
per cent gold. The principal payable gold a, ma
,ury. the presen, god these Bonds pay ~ annual
income on their cos, of
NEARLY NINE PER CENT,
AND 1T Is BELIEVED THAT THEY WILL SOON BE
AT A PREMIUM.
The company have but very limited supply of their Bonds
remaining on band bu, any subscriptions accepted to
greater than be from Bonds now In ,c com
csnys possession, will be supplied from th. new Bonds 10
he a, portion OF the road completed IN the ,prIng
in the order /, which they az fseeivaa.
Til. company the right to eaysne. the price Of their
Bonds to rate above par Al any time, and will no, OH any
orders sr receive any subscriptions on which the money has
not bees actually paid at the companys oace before the
time OF such sdysnc.
Parties subscribing will remit the par value OF the Bonds
and the accrued interest in currency tho of six per
cent per annam from the date which the coupon
paid. Subscriptions will be received in New York
At the coMPAFy's OFFICE, % Nassau street
And BY
JOHN j. CISCO L SON, Bankers, SO Wall street,
And BY the companys advertised agents throughout the
United states
Remances should be made In drafts other funds par
in New York. the Bonds be sent free Of charge By
return express Parties subscribing through local agents
will look to them for their safe delivery.
Pamphe, and Map for 1868 has Just been published
by the company giving fuller information than possible
in an adveemen respecting the progress Of the work.
the resources the country aversed by tho road
for construction and the value Of the Bonds which will be
sent application at the company's Offices to any Of
the advertised agents.
JOHN J, cisco Treasurer, New York.