The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1868-04-20
500 and 900 Mites

will be in operation during 1868. There seems to be
no reasonable doubt that The 721 miles between
omaha and Sacramento will be finished in 1e7O.
The means provided tor the construction ofthls
Great National Work are ample The United States
grants its Six Per Cent. Bonds at the rae from
$4,000 to S4s, 900 per mile, for which 1t takes
cond lien as security, and receives pa ment to =
large, If not the u extent ITS Chin in services
These Bonds issued as each twent, -mle section
is i'm shed, ana after it has examined by Unitd
states Commissioners and pronounced 10 be in al
respects fir class road, thoroughly supplied with
iepots, repair Shops stations, ami all the necessary
IIoIng stock and other equipments.
Ihe United ates also makes donation OF 1850
acres OF land along the lin t. tle mile, which will b.
asource oflarge revenue to the Company.
The Company is also permitted to is sue IFS own
First Mortgage Bonds TO amount equal 20 the is
sue the Government and no Hon. L. D.
Morgan and Hon. Oases Ames Trustees Tor the
Bondholders, and deliver the Bonds to the Company
nly the wolk prog esses that they always rep
resent an actaul ami productive value.
The authorized capital OF the Con pany is One
Hundred Million Dollars, OF which owes eight and
one-hali millions have been paid upon the work
lready do le
Contracts for the construction OF 9i4 miles west from
OMAHA comprising much oil the most dihicultmoun-
tain work, have been made with responsible parties
It the average rate of SIX eight thousand aud fry
light dollars $685. o5Sl per mi This plce includes
all necessary car-shoIs depots, stations, and all
'ther incidental buildings, and also locomotives,
la'senger, baggage and reg1t cars, and other re-
luisite 70 ng-siock, t. amount that shall not be
ess than $500 per mile.
lttC That when the road is completed
the through traffic of the only line connecting the
Atlantic nd Pacific States will be large beyond PIE
,edent and as there will be competition, 1t can
always be i at profitable rates, aud
Inc Earnings from LEGAL or Way Business
are now Tires TINS tn Interest
on their DO ds.
1t will be no ICED that the Union Pacific Railroad
| is in fact, A GOVERNMENT WORK, built under
he supervision OF Government oticers, and q large
,xtent with Government money, and that its bonds
are issued under Government direction. 1t is be-
ieyed that similar security is carefully guard
sl and certainly other is based up.n larger or
more valuable property.
The Union Poetic Bonds are for $1,000 each and
havs coupons attached. They have thirty years 10
rum and bear annual interest. LAY able the first
| lays of January and July at the Company's Office
in the City of New York. at the rate of sA per cent
in gold The principal is payable in gold at matur-
ty.
At the present rate of gold, these bonds pay an
nual income their cost of
NEARLY NINE PER CENT,
And il 10 believed that they will soon be
at n premium.
The Company have but very limited supply OF
their Bonds remain ing on baud but is expected
that the first instament of the New Bends 10 be is
sued on that portion of the road to be completed this
year, will be really in My.
Any subscripti, ms accepted to greater amount
than be filed from Bonds now i'll the Company's
possession, will be suppisd from the New Bonds IN
the order in which they received.
The Company reserve the right advance the price
OF their bonds to rate above at any time, and
will not fill any orders receive any subscriptions
on which the money has not been actually paid at
The COMPANY s Office before the time ofsuch vance.
Parties subscribing will remit the par value Of the
bonds and The accrued ntere in currency at tile rate
ofsix per cent. per annum, from the date on which
the last coupon paid, Subscriptions win be re-
| ceived in Portlandby
swan Il Barrett, 5 Exchange ST.,
And in New York
At the Company's Office, No 20 Nassau St.
AND BY
John J. Cisco d sem, Ban kers, 50WalIsf
And by the Company's advertised A ents throu b.
out the United States.
Remitznces shouIdbe m1de in drafts osherf funds
par in Ne0 York. and the Bonds wiH be sent free Of
charge BY return cypress. Parties subscribing
hr ugh locsl agents. soiH Io0k to them or their safe
| delivery.
A PAMPHLET AND MAP FOR 1865 has just
been published by the Company, giving fuller infor-
nation than is possible in adveri isement, re t.
ins the Progress OF TIE Work, the Resources of the
Country trave,sed by the Road, The Mems tor Com
structioD, and the Value of the Bonds, which will be
sent free application at the Compapys Office, or
| to any of the advertised enfs
Jos , cisco, Treasurer, New York.
April 10, 1868. spr2, -eod&w1m