Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-07-17
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Union PACIFIC R. R.

Are now finished and in operation More than
twenty thousand men are employed, aud it is not
impossible that the entire track, from Omaha o
Sacramento. will be finished in 1859 instead Of 1870
The UNION PACIFIC RAILROAD COMPANY
receive: -8HFsEf57F - rr7,s
la Governments Grant of the risbtaof
way. and all necessary timber and other mate
rials found aloI the line of its operations.
li.-A Government G rant of l2 500 scrss 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, - -
Iu-A Government Grant Of I'm led
States Thrty-year Bonds. amounting to from
$4,000 to 1000 per mile, according to the diff
feulties to be surmounted on, the var Gus seq
tions to be built. The Government takes a seq
ond mortgage as security, and itisexpscted that
not only the interest. but the principal amount
may be paid in services rendered by the Com
pany in transporting troops, mails. &c.
IVA GoyerDment Grant OF the right to
issue its own FIRST MORTGAGE BONDS.
to aid in building the road. to the same amount
as the o. S. Bonds. issued for Il q same purpose.
and no more. THE GOVERNMENT PEhMITs the
Trustees for the First Mortgage Bondholders IN
deliver the Bends to the Company only az tbe
road is Completed, and after it has been exam
ined by United states Commissioners and pro-
nounced to be in all respects a frst-class Rail-
road. ~ fisatF-
VA Capffaf Stock Subscri ption from
the stockholders, of which ooer Eigzt Million
Dollars have been paid in upon the work al
ready done. and which will be Increased as the
;, wants of the Company require.
VI.ANet Cash Earnings on its Way Busi-
ness that already amount to MORE THAN rI1r
- IsrEREsr on'the First. Mortgage Bonls.- These
earnings are noindieation of the vast through
traffic that must follow the opening Of the line
to the Pacific. but they certainly prove that j
FIRST MORTGAGE BONDS
shsE fS9HP BEYoS6 ANY
The Union Pacific Bonds run thirty years, are for
81 900 each and have coupons attached, They bear
ary and July at the Company's Office in the cty of
New ork, at the rate Of six per cent in gold. The
principal M is payable in gold at maturity The
pay a LIBERAL income on their cost : :
:, The company believe that at the present price
these Bonds are the cheape security in the mar
ket and reserve the right to advance the price as
any tune Subscriptions will be received in New
Ompany,s office, No. go Nassau 81 =.
John J. Cisco & Son, Bankers No "a
.- ..-a--r Wall street.
And by Leading Bankers generally throughout the
RenittaNcos should Be made in drafts or other
funds par in Reeo York. ssd the Bonds 20 be sent
Tree or chFrge on return ecpress. Parties SUB =
sero 'g through local agents. eoiH t1ok q them os-
their sgte deJi0eTy. ---s,.' ~ .--.,si =
"A PiMPHLET AND MAP FOR 1868 has lust
been published by the Company, giving fuller in
formation than is possible in advertisement re-
spect1ng the PROGRESS of the Work, the Resources
OF the Country traversed by the Road, the Means
Tor CONSTRUCTION. and the Value of the Bonds
which will be sent free application at the Con-
rany's Offices or to any of the advertised agents.
JOHN J. CISCO. Treasurer. New York. !.
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