Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1868-07-31
.Hats THE
Union Pacific
Railroad Gomsy
ofer Limited Lrount Of their
FIST MORTGAGE BONDS
.s. ~ Ar PAT
PRINCIPAL and INTEREST

PRINCIPAL and INTEREST
Payable in GOLD.
The Great Pacific Railroad Line, extcndidg 7sl
miles f.Om Omaha, on the Missouri River, /. the
tide-waters OF the Pacific ocean, Is Icing built by
ginning at Omaha, building West, and the Ccnlra
Pacific OF California, begiining at SACRAMENTO.
building East. until the roads shall meet. Both
Companies have prosecuted the work with great
vigos, the Union Pacific having already expended
over s.---
Thirty Million Dollars,
and the Central over twenty millions, upon their
respective parts of the undertaking The CnIon
Pacific Have Completed $40 miles-have iron and
other materials Tor two hunured miles more upon
the ground, and one hundred additional miles are
ready Tor the track. They will have n much lar.
ger force employed this year than ever before, and
Il 10 expected that between r- .1
800 and 900 Miles,
will be In operation during 1865. There seems to
he no reasonable doubt that the distance between
Omaha and sacramento will be travcrscd by rail
In 1870.
The Government grants IL 800 res of land, and
its bonds to the average amount OF $2s.0O0 per
mile to aid in the construction Of the line and
thorises the issue of the First Mortgage Bonds
now Offered for sale to the same % amount Inn, and S no
gives 10 tho First Mortg ge Bondhoers prior
lien for their security. 10 which u large paidup
capital is added. The Bonds cannot be issued eX-
cept rs each section of twenty miles is accepted
by Government commission, SO that they always
repre- sent u real property
of the Union Pacific Rail oad liz through business
will make it one OF the most prof bile IN The world
but ia way or local business Is already several
times the interest or its bonds tiat il and
other mile were built, they would bca secure la.
vestmcnt. The net earnings for eight months OF
last year IN average Oi oSb miles are officially
reported al ,l, while the interest Oh all the
bonds ii could issue that length o iosd tor that
time reduced to cIrrencH. was ohl. - aso5. .,
transportation at troops, munitions, stores ami
mails has bee H. and doubtless will continue to be,
u uch more than the interest on ii.e Nnit,N states
second Mortgage Bonds. Ii 1t is not III. chatter
provides that ai;ci the ro.id Is cone tetcd and un-
til SAID bonds and Interest are pa, al Least hvc
per cen. vi the net earnings vi tic rodi shall ie
applied to such pa. ment.
Are secure beyond any Contingency.
The Union Pacific bonds run thirty years, al,
for tl,uU' each anu have coupons alta he'd. They
bear annual interest pay ali L on the iir> days nt
Januai! and July, al The Compan,s Office IN The
City oI New lo.k, al the rate OF TX per cent in
gold. The principal payable in go at matuiily.
The price iu2, .Ed At L.ie licstut ,ate Of aa.i,
they pay liberal income on t!,e eost.
lhe L"Ia,.ahy believe ii-i til sc bonds, at The
prtreHl i;te itie 'he sEcaie.t fSHTi. Ill iAe Init
.et. aiG iese.Te t> lSLt 10 '"Naioe die Fl! { 4.
any iiint.
a Z. bH1NKWAIEE. Esa.
and ID But ksrer;.by
Eli - l. ~ ~ a N'usiil5T tiic
tlOnal LanlS.
and III New York
~ The Company>s Office No. 20 Nassau st.
And by
JOHN j. CISCO & SON, Baukors, No. SO
Wall rect.
And by the company advertised agents through.
out the Chicd states.
Rcmiitances should he made in drafts other
funds par in New York, and the Bonds will be sent
rec of charge ~ return express. Parties sub.
fcrbing tho ugh local agents, Will look to them
OF hcir safe delivery.
A Fam hlet and Hap for ISIS has just been pub
lished by the company, giving iullcr Information
than is 1ossiblc In an advertisement, respecting
the progress OF the work. the resources of the
county, trayersed by the road. the means for con
s,ructiou and the value Of the lion,ls which Will
be seut ti.:- on application at the Coinpanys oil
nces any of the agents.
John j. Cisco, Treasurer,
New York.
April TO- lsGs. 3m ~