The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-09-19
August 8
NIGHT HUhDRED MILES
UNION PACIFIC RAIL ROAD

UNION PACIFIC RAILROAD
ARE NOW FINISHED AND IN OPERATION.
work is thor oughly done and is pronounced by the
United States Commissioners to be frstclass In
every respect before it IL accepted and before any
bonds can be issued upon it.
apidity and excellence of construction have been
secured by complete division of labor and by dis
tributing the twenty thousand men employed along
the line Tor long distances al once 1t ia now prof.
able that the
WHOLE LINE TO THE PACIFIC WILL BE COM.
PLETED IN 1859.
The Company have ample means of which the gov
ernment grants the right Of way, and oil necessary
timber and other materials found along the line OF
it's operations also 800 acres of land to the mile,
taken in alternate sections on eacn side OF its road;
Also United States thirty-ycar bonds amounting to
from SIG 00O to S480 900 mile, according 10 the
difficulties to be surmouned on the various sections
to be built for which 1t takes second mortgage as
security and it is expected that not only the inter-
est but The principal amount may be paid in ser
vices rendered by the Company in transporting
troops, ncaila, &c.
ROAD from its way or local business only, du:ing
the yea ending June 30th, 1868. amounted to over
FOUR MILLION DOLLARS,
han Sufficient to pay the inere.t upon its Bond:.
These earnings indication 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 such property, costing nearly three times
their mount,
Arc Entirely Secure.
The Union Pacific Ronds run thirty years, are for
$1,000 each, and have coupons attached. They bear
annual interest payable on the first days Of Januar!
aud July at the Coupany's Cf3ce in the City OF New
Yors at the rate of Fix per ceut. in gold. The prn'
cipal is payable In gold at maturity. The Price is
102 and at the present rate of gold. they pay hoe
raj income Oh thel. cost
very important considers erahoa In determining the
value of these bonds is The LENGTH OF TINE
THEY HAVE 10 Run.
It is well known that long bond Always commands
much higher price than o short ono. 1t is safe to
assume that during the next ihrty years, the rate o
interest in the United States Will dec Inc az 1t has
done IN urope. and We have right to expect that
such six per cent securities as these Will De lie al
IL high |. premium those OF this government, |,
which, IN 1867, bought in at ~ to ~ per cent
above par. The export demand alone may produce
this result and as the issue OF is;ts corporation
they are beyond the reach Of political ac;lon.
The Company believe that III i Bonds. at the pre-
sent rate, the cheapes, sectfity in he market,
gnd the right to advance tho price at auT tune is
reserved. SuOsc lptlo VIII o. reseiFeu III NcH
York at the
CoMpANY's OFFICE, No. 20 NASSAU ST.,
JOPs =. CISCO y SOY, Bankers,
No. 80 W.LL.srREET,
And by the Company's Advertised gents
throughout the Uni:e. states.
EV Remittance5 should b. male il drafts or
other funds par in y, York an til: Bonds will be
sent free of charge by return express Parties sub
scribnS through local agents Will look 70 them fer
their safe delivery.
PAMPHLET AND MAP FOR 1873 has just
been published by the Comoaay, giving fuller nior-
nation than is possible in advertisement respect
ing the Progress Of the Work. the Resources OF the
Country trayersed by the Road, tie Means for Con-
etruction, and the Value OF the Bonds which will be
sent free on application at the Companys Offices, or
to any of the advertised Agents.
JOHN j. CISCO, Treasurer.
sen;ember 10 1mo New York.