Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1868-07-17
rRINCIpAI} and INTEREST
u , v =, h | q n com.


Pava able IN GOLD.
The Great Pacific Railroad Line, -x'cntiis ,72I
mile, f. ON Omaha, on the Missouri river, T.. tlI'
ti,ic-wa,egs OF the P.c OCEAN, is being built by
two powerful. com antr.-ihr mon taeiii4, De.
ginning ut Omaha, building West and the Cenira
puciii, ot California, beginning at sacramento.
building East. until the roads shall meri Nth
Companies have pr"se'ca,rh inc Mork wi.h sfc',
yigor, the Union Iatilic k''ihs altc'uy eHpchie"
over
Thirty Million Dollars,
and the Central over twenty millions, upon their
respective parts OF the undertaking. The Union
Pacific Have Completed GiO mic>-have iroa aud
other materials tor Use hmnnred miles more upon
the ground, and one buntrc' additional miles are
ready Tor the track. They VIII save mitch lar,
ger ioice employed this year than eVef bsiore, ana
1t Is expected that between
500 and 900 Miles,
will be in operation during 1858 There seems to
be no reasonable doubt that the distance between
Omaha and Sacramento will be travcrsed by rail
in 1870.
its bonds to the average amount OF Sssoo0 per
mile, to aid in the construction OF the me ana AIT
thorscs the issue of the First Mortgage Bonds
now offered for sale, to the same amount AMI no
more. The government takes Il second lien, ana
ii, es 30 the First &0rtg gc Boudhoiders prior
lien for their security, 10 which a Large paiu-up
cupital is added. Inc Bonds cannot be Issued eN,
cept as each section Of twenty miles Is accepted
by Government coWmi, sion, so that they always
II is universally admitted that on the completion
OF the Union Pacific Raill ond H. through business
will make it one of the most probable III the world
but it, way or local business Is already several
times the interest its bonds 50 that, II not ana
other mile were built they would be secure III.
vcstmcnt The net earnings for eight months OF
last year on IN average of aSi miles are oihclaliy
reported AT ,Ui.,l, while the interest ON all the
bonds it could issue on that length u road Tor tat
time reduced to currency, was only - 1,eoS' .
The amount paid by the Government Ion the
trans urla,ion of troops, munitions, stores ana
mails has been, and doubtless will continue to be,
N prhl lp Than the interest the Nnltcu states
second Mortgage Bonds. II II Is not the CHARTER
provides that AFTER the road Is completed aht uh-
ill said bonds and interest are paiti, at least hNe
per cent OF the net earnings OF the road shall he
applied to such pay meht
Are secure beyond any Contingency.
The Union Pacific Bonds run Unity years, are
Tor 81 900 eacn, an have coupons attached. They
bcai annual interest payable on the first days OF
january and JULY, at the Company's Office in the
CITY OF New York. at the rate of six per cent. IN
gold The principai is PAYABLE in gold at maturity,
The price is W., and ut the present rate OF gold
they pay liberal income ON their cost.
Ih. company he icve that these Bonds, ut the
prescut rate are the cheapest security in the mar
Ket, and III; right to advance the price at
any time. :,
A. F. DRlNKWATER. Esq,
and in Bucksport. by
EDWARD SWAZEY, Cashier Of the N.
tional Bank.
and in New York
At the Company's Once No. 20 Nassau s.
And by
JOHN. j. CISCO & SON, Bankers, No. Sc
Wall rect.
And by the compahy's advertised agents through
" out the United states.
Remittances should be made in drafts or Other
funds var III New York, and the Bonds will be SEN
20. or charge ~ return express. Parties sub
fcyibing thrf ugh local agents, will look to then
or their safe delivery,
A pam inlet and Nap for 1865 has just been pub
usba. by The company, giving fuller Information
ihan il possible iii an advertisement, respecting
the progress of the work, the resources OF tn
country traversed by the road. the means FOX con
strnrtion and the value of the Bonds. which vii
be sen, irs.a on application at the Company's OF
| nces or any of the agents.
JOHN j. Cisco, Treasurer,
New York.
April 10, 1865. Am ~