The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1868-10-24
Miscellaneous.
500 M I L = s
or THE
UNION PACIFIC RAILROAD

Are now finished and in operation. Although
this road is built with great rapility. The work
Is thoroughly done. aud Is pronounced by the
United states Commissioners 10 be iirst-class in
every respect, before II is accepted, aud before
any bonds can be issued upon Il.
Rapidity and excellence Of construction have
been secured by a complete division Of labor,
and by distributing the twenty thousand men
employed along the line for long distance at
once. II II auw probable that the
Whole Limo TO tho Pacific will be
Completed in 1850.
| The Company have ample means Of which
the Government gran,s the right OF way. and
all necessary timber aud other niulorisis found
along the line Of its operations a!sn 1850
acres Of land To the mile. iaKcn ~ alternate
sections on each eide Of lie road al.n limited
States Thirty year Bonds, Amounting - from
$4,000 I" SIS. 900 per mile. according t" the dit
6cultics To be -urmonntcd ru the various see.
tion- to he built. fir which Il takes second
mortgage rs security. and 1t IL expected that
not only the interest. but the principal amount
may l." paid in services rendered 10y the com.
pSny in Transporting lroop.. mails. Sc.
THE EARNINGS or THE UNION PACtF-
IL RAILROAD. from IL Way oi Local Bu.i.
ness only, during the yea cnd.n: .iunc anih.
is6s. Amounted TO over
-Four Million Dollars,
Which. after paying all expenses was much
more than sufficient to pay tin interest upon
its bonds. These earnings are ~ indication Of
the va, through trails tina, mus, follow the
opening 81 the line to III" rocidc. but they
certainly prove that
FIRST MORTGAGE BONDS
upon such a PROPERTY, costing nearly ihrc"
times their amount.
ARE ENTIRELY SE'rRE.
The thirn Pacific Bond. run thirty Years.
are TOR $1,000 each. aud have r'ul"n. attached.
They bear annual interest. pa!nil" on IL" iir.,
days "i January ani July at the C"mpanys
Office ia the CITY "i Nrw Y"rk. at the rate On
six per cent. in gold. The principal !, paya-
bile ia gold at maturity. The price iO2 nni
aud At til" present rate 81 gid. they pay . In
"ral income "a their r,-i.
4 very important con siicrlt,on T., .lr,rrnin
ing the value "f thcsr bond. j. a., icaqM ~
TIME hcy hare 10 ran.
II i we'll known that a long h"nd alwa-.
commands a much higher price than tt short
orc. II j. safe ." s,sunr tina, durin. IL. mex,
thirty years. the rate oi interest IN the United
States will decline as Il has done ia Europe.
aud We have RICH, {" expect that such six
l'cr cent. securities as these will Ice held at As
high premium as those of this Government.
which. ia 1897. werc bnus hi IN at from 20 tn -
per cent ah"vc pa The cxport ,lcma AL alone
may produce this result, aud a. the issue ni a
private corporation. they are beyond the reach
of political action.
The Company believe that their Bonds, at
the present rate. are the cheapest security in
the market. and the light u advance the price
At any time is reserved
The price for the present is log and accrued
interest at the rate OF xix per cent. ia currency
from July LIST. aud subscriptions will be- re-.
eeived in Baltimore
WILLIAM FISHER SONS.
HOOPER. REESE 4 60.
McKIM 4 60,
JOHNSTON BROS. Co.
And in New York
a the ComPaRy'S Oahcr. w. 80 Nassau street.
ANbnY
jobs J. tisro SoH. BAnker,. M. 80 WslI street.
Aud 10y the Company advertised agents
Throughout, the United Sia,cs
Rom'ttanoos should b. made ~ drafis o., other /
funds par IN N,~ Tori. aud ne Boad, e,H " |
sent free 81 charge ~ return crprc". rar'c'
subscribing through ioca' ageaf'. ,rH look 10 them
for hstr safe dchrcry.
4 PAMPHLET AND ny? FOR i>G> has |
just been published by ia" Company. giving |
fuller Information than - possible ia an advcr. /
iiscmcni. respecting Ia" Progress oi the work. |
the Resource al the Country ,ravcrsc,l by the 1
Road. the Means Tor .tructi"n. aud the Val |
uc Of the Bonds. which will BE- sen, free On ap. .
PIica,ion a; the Company Office. or 1, any II
the advertised agents.
JOHN J. CISCO, Treasurer,
sept lg.--3m. NEW YORK.