Evening star. [volume] (Washington, D.C.) 1854-1972, 1868-12-31
THE UNION PACIFIC RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILES
OF the line West from Omaha are now completed,
and the work 10 going through the Winter
As the distance between the finished portion o
the enion and Central Pacific Railroads 10 nos
less than 400 miles, and both companies are Dc sh.
ing forward the work with great energy, employ.
ing over 20 COO neB, there be no doubt that the
whole
GRAND LINE TO THE PACIFIC
Will be open for Business in the Summer Of
1869.
The regular Government Commissioners have
pronounced the Union Pacific Railroad to be
FIRST GLASS In every respect, and the Srsciai
Commission appointed By the President says:
'Taken az e whole. TIE UNION PACIFIC
BAILROAp PAS BEEN WE'LL CONSTRUCT.
I'D, AND The GINERAL ROUrE FOB THE
LINE EXCEEDINGLY WELL STLEOTED.
The energy and perseverance, with which the " orb
has been urged forward, and the rapidity with
which It hes been executed are without parallel in
history, and in grandeur and ma gnitude OF under
taking it has never been eTualled." The Report
states that any deficiencies that exist are only those
incident to all new roads, and that coulI not bay
been avoided without materially retarding the
progress Of the great work. Such Deficiencies are
supplied BY all railroad companies after the com
pletfon OF the line, when and wherever txoe.
rience shows them to be necessary. The re por,
"a
son to congratulate itself that THIS great vorh
Of national importance 10 so rapidly approach.
Ing completion under such favorable suseices'
The Company now have in use Isl locomotives and
nearly OC0 cars Of all descriptions A large addi
tional eIu'Dment Is ordered to be ready in ne
Spring. The grading II nearly comp sted and lies
distributed for ID mles in advance of the western
end OF the track, Tully l90 miles OF IRON for tie
pew track are now delivered west OF the Mis,o.ri
River. and 80 miles more are "a route. The tosai
e1pei dtures for stru purpc in ai-aace
ofthe completed portion Of the road not less than
eight million dollars.
Btsides a donation from the Govern ment d
ESQ ceres OF land per mile, the Company is en-
titled to subsidy In U. q. Bonds IN is line a.
COMPLETED and excepted, at the average rate o.
abont $40 600 Per mile, according t. the difcutiee
encountered, for which the Government takes q
second lien ss security. The COMPANY nave al
ready received S22.l5s00Dof this subsidy, Of which
Sl,iso,O09 was paid December 9th. and 500 10
December l4th.
aovhBhMEN A5gD.SSTEscURIrY or -HE
By its charter, the Company 10 permitted to is
same amount AZ the Cover npent bonus, aaf 80
more. These Bonds First Mortgage upon IN.
whole rosd and all its equipments. Such q mort
gage upon what, for q long time, will be the only
railroad connecting the Atlantic ard Pacific
States, takes the highest ank o. q safe security
Inc oaIplnso from tno WY Of local BUSINESS Tor
the year ending June 80, 1868, average OF AZ
miles. were ever POUR MILLION DOLLARS
which, after paying oil expenses, we're much more
than sufficient TO cover oil interest liability upon
that distance, snd the earnings of the last I've
months have been 0s336,So. They would have
been greater II the road had not been taxed to ite
utmost capacity to transport lite materials for
construction. The income from the great passenger
travel, the China feights, and the sup plies for tn,
new Rocky Mountain States and Territories mus:
be ample for all interest and other liabilities
No political action can reduce the rate OF interet
II must remain for thirty years-sir per cens. per
asasm 10 gold, now equal to between eight and
nine Der cont. in currency. Tae priseipal is then
payable in gold. IL q bond with such guarantee.
we're issued by the Government, its marke. pric.
would not be less than from 20 to Is per cent pre-
MUM. AZ these bonds are issued under Govern.
mept authority and supervision, upon what r.
very largely . Government work, they mutt ulh.
mstely approach Government prices. No other
corporate bonds are made 90 secure.
The Drice for the present 10 PAR, aud accrued
interest at per cent from July 1865 In currency
Subscriptions will be
RECEIVED II WASHINGTON, BIZ
First National Bank.
Rittenhouse, Fowler l. Co.
and in New York
Al the Csmpany's Office, Ne. 20 Nassau
Street,
SSnm % CIsee = SOM nuhkerss NO. d.
Wall Street,
And By the CompanyS advertised agents through
out the United States.
Bonds seNt free, bat parties ss6scysbias through
local assnts sciH Took TO them for tkei, safe de.
lirery.
A NEW PAMPHLET AID MAP WAS Is
SUED OCfOBEB 1sr, containing report of the
progress Of the work to that date, and Q moro com
plete statement In relation 20 the value Of tn.
bends than can be given in On advertisement
which will be sent free on application 1t the Com
psny . o1ices, or to any of the advertised agent,
JOHN J. CISCO, Treasurer, New York.
December 18th, 1868. as2l I'm
THIS Is TO GIVE NOTICE, That the sub
Il scribef has obtained from the Orphans Conr,
u Washington County, In the District Of Conn
pa letter: OF edministrstion on the personal e.