Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-06-30
MISCELLANEOUS.
GAO MILES
OF THE At
union PACIFIC R. R.

hre nOW nnlSned and IN operation. Mere than
twenty thousand men are employed, and it is not
impossible that the entire track. from Omaha O
Sacramento will be finished in 1869 instead of 1870
The UNION PACIFIC RAILROAD COMPANY
receive:
IA Government Grant of the right of
way. and all necessary timber and other mate
rials found alorg the line of its operations.
IA Government Grant of I2 500 acres of
land to the mile. taken in alternate sections on
. each side of its road. This is an absolute do
nation. and will be a source of large revenue in
the future.
lila Government Grant of United
States Thirty-year Bonds. amounting to from
$4,000 to $4,000 mile. according to the DIFF
fculties to be surmounted on the various sec
tions to be built. The Government takes sec
ond mortgage as security, and tits expected 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 Government Grant of the right TO
issue its own FIRST MORTGAGE BONDS.
to aid in building the road, to the same amount
as the U. s. Bonds, issued for tt same purpose
andno more. The GoyEREMENT PERMITS the
Trustees for the First Mortgage Bondholders to
deliver the Bends to the Company only as the
roads completed, and after it has been exam
ined by United States Commissioners and pro-
nounced to be in all respects first-class Rail-
rOal.
VA Capital Stock subscription from
the stockholders, of which Eight 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.-Net Cash Earnings on its Way Rusi
ness that already amount to MORE THAN THE
INTEREST on the First Mortgage Bonds. These
earnings are noindcation of the vast through
traffic that must follow the opening of the line,
to the Pacific, but they certainly prove that
FIRST MORTGAGE BONDS
Upon sucha property. costing nearly three times
GoNTfS&ESC44R eaSiE ffSSGa9SS 44Rh SECURE BEYOND ANY
The Union Pacific Bonds run tn rty years, are for
annual interest, payable on the first days Of Janu
airy and July at the Company's Office in the city of
principal is payable in gold at maturity. At the
present rate of gold these bonds pay an annual in
come on their cost of
NEARLY NINE PER CENT,
And it is believed that they NAV soon be at
premium. The Company reserve the right to ad-
vance the price to rate above par at any tine.-l
Subscriptions will be received in New York at the
COmpany's office, No. 90 Nassau ST.,
John J Cisco & Son, Bankers. No. 50,
Wall street,
And BY Leading Bankers generally throughout the
RemittancOs sAoul1 be made in drafts or other
funds par IN Neao York. and the Bonds 20 u be sent
free Of charge By return eDpress Parties SUB
scri6 .ag through local agents. aOiu look to them for
their safe deL5oery.
A PGMPHLEf AND MAP FOR 1868 has lust
been published by the Company, giving fuller in:
formation than is possible in an advertisement re-
specting the Progress of the Work, the Resources
of the Country traversed by the Road, the Means
for Construction. and the Value of the Bonds
which will be sent free on application at the Com
pany's offices or to any of the advertised agents.
JOHN J. CISCO. Treasurer, New York.
Pc Ny-iul6 -dSw2m