The Waynesburg Republican. [volume] (Waynesburg, Pa.) 1867-18??, 1868-04-29
rnHE UNION PACIFIC
iNHE UNION PACIFIC
RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR,
+ a Y A b l. Z IN GOLD.

"a ~ ID - II ~ " " IL ~.
The Great Pacific Railroad Line. extending
i'2i miles from Omaha, on the Missouri river, to
the Underwriters of the Pacific Ocean, is being
puit ny Two powerful Companies-Th UNION
| fAciFic, beginning ut Omaha, building West,
ana the Central Pacific of California, beginning
at sacramento, building East, until the two
| roads shall meet
10th Companies have prosecuted Tho worl,
with great vigor, the Union Pacific having nj.
ready expended over
THIRTY MILLION DOLLARS
and the Central over TWENTY MILLIONS upon
thelr respective parts of the undertaking. The
Union Pacific have completed So mllcs-baye
iron apd other materials for two hundred miles
more upon the ground, and one hundred add.
tlonal miles are ready ipr the track. They will
have much larger force employed this year
than ever before and II Is es pected that between
500 AND 9Oo MILES
will be in operation during 1868. There seems to
b. no reasonable doubt that the distance be-
tween Omaha and Sacramento will be trayersed
bv rail In 1870
THE uovERSMENr GRA ANTS IL, 800 acres Of
"'''''' " 40 "O''"H !" ''c "N'laSe amouhlo OF
s-f'" per i,iic' 10 ana III hlhecohstruc'iou of tho
nue. an" u'horiSes inc issue OF the first mort
s'sc honuS now ouereu for sale, to the same
"'nouht "h" no more inc Government taxes
II n9',o"p I'c'' anu gives 10 tho FIRST Mortgage
pphl'ho'u''S" PRIOR iich ior their sccuri'y,to
wh'ch a largo Pald-up capital Is added. The
h"H'S cannot ne issued except as cach section
oi twenty miles Is accepted by Government
commission so thot they always represent q
real properly.
Is universally admitted that on the com
pletion ofthc Union Pacific Railroad, Its through
business will make it one of the most profitable
in the world-but Its WAY or LOCAL business il
already several times the intcrcs, on its bonds:
so that, II not another mile were built. they
would br sccurc Investment
TIE NET EARNINGS for eight months of
last year on an average of o miles are officailly
reported ut sl,0jD 1885, while the interest ON all
the Bon Ia il cplll lssle Oh that length of road
for that tina, reduced to currency, was lonly
ilj,S5G.
Thc amount laid by the Government for tlha
transportation OF troops, munitions, stores and
m Ills has been, oni doubtless Will continue to
b. mn'h more than the interest on the United
states second Mortgage nonds. Iii Is not. tho
charter provides that after the road is compile
'eu' Nhu uh'lI said lohdS ana interest are paid.
at least iFe per cent OF the net earnings OF tho
r'ld snail beupph"d to such payment.
The Union facihc bonds are for $1,000
each ana have coupons attached, They have
thirty years TO run, and bear annual inter-
est, payable on the first days of January and
July at the Conpany's Office in the city of New
YORK "l lhe rate OF SIX per cent. In gold, The
frihclpaI Is payable In gold Mt maturity. AT
the present rate OF go!d these bonds pay an an.
hual income on lheir cost of
NE\l,hl NINE PER CENT,
NND II L. BEhit. "a, IiiAI LEY WILL
,,,,. -. ,'i. ,'...' - - N'-''u w.
~" 10y ',",'N" supply
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s,. lI'' ~ ''- ,p'
'''''e' ~ '''0 III Which,
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80 '. '''' i's"' w ""'""'"
VI ,i'o "p''I $40 10 i"'o u'ove par Nv
| ,;','e' "''' wa ''ot ''' "iS o'u''S OF lcceve