The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-07-11
$40 MILES
OF THE
UNION PAGIFIGR. r.


Are now finished and IN operation. More
than twenty thousand men are employed,
and 1t is not Impossible that the entire track
from Omaha to Sacramento, viii be finished
in lse9tnstead OF 1870!
The UNION PACIFICRAIERoADC COM
PANY receive:
IA Government Grant OF the right of
way, and all necessary timber and other
materials found along the line of Its
operations.
ia Government Grant Of Il, 500 acres
of La nd to the mile, taken In alternate
sections on each side oflts road. This is
an absolute donation, and will be a
source OF large revenue In the future.
IEI.-A Government Grant of United
States Thirty-year Bonds. amounting 10
from $4,000 to s4s 600 per mile, according
to the difficulties 10 be surmounted on
the various sectionI to be built. The
Government takes second mortgage as
security, and 1t is expected that not only
the Interest, but the principal amount
may be paid in services rendered by the
Company in transporting troops, mails
&C.
IVA Government Grant Of the right
to issue Its own FIRST MORTGAGE
BONDS, to aid in building the road, TO
issued for the same purpose and
no more. THE GOVERNMENT PERMITS
the trustees for the First Mortgage Bond
holders to deliver the Bonds to the COM
pany only as the road Is completed, and
after 1t has been examined by United
States Commissioners and pronounced to
be in all respects a flrst-class Railroad.
VA Capital Stock Subscription from
the Stockholders, OF which orer Right
Milton Dollars have been paid in upon
the work already done, and which Will
be Increased as the wants of the Company
require.
VI.-Ret Cash Earnings on Its Way
Business, that already amount to more
than the Interest on tho First Mortgage
Bonds. These earnings are no indlcStion
of the vast through traffic that must fol-
low the opening of the line to the Pacific,
but they certainly prove that
FIRST MORTGAGE BONDS
upon such property, costing nearly three
times their amount,
Are secure beyond Any Contingency.
The Union Pacific Bonds run thirty years,
are for 81, 600 each, and have coupons at
tached. They bear annual interest, payable
on the first day of January and July at the
Company's ONCE in the city ofsEew York
at the rate ofEix per cent in gold. The prin-
cipal is payable in gold at maturity. The
price Is IO2, and at the presentrate OF gold,
they pay liberal income on their cost.
The Company believe that these Bonds, at
the present rate. are the cheapest security in
the market, and reserve the right to advance
the price at any time. Subscriptions Will be
received In New York.
At the COmpanY's ONCE, No. go
Nassau Street.
AND by.
John j. Cisco a Son. BANKERS, No.
so wall street,
And by Leading Bankers generally through.
outline United States.
RenttdnceS should bemdde IN drafts or Other
funds par In NetO York, and the Bonds tvtH be
sent free Of charge 6y return erpess. Parties
subscribing through local agents, lOtIt look to
0ern for their sGGe delivery. -
A PAMPHLET AND MAP FOR 1868 has just
been published by the Company. giving full
Ter information than Is possible in an adver-
tisepent, respecting the Progress Of the
Work, the Resources OF the Country travers-
ed by the Road, the Means for Construction
and the Value OF the Bonds. which will be
sent nee on application at the Company i
ohaces, or to any of the advertised agents.
JOHN J. CISCO, Treasurer, N. Y.
JUNE Is. 1893. - ~ -, 1eld-tlsepl