Evening star., 1868-05-13

THE UNION PACIFIC
RAILR0 DAD COMPANY
OFF1R LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR,
PRINCIPAL AND INTEREST
PAYABLE IN GOLD.
The Great Pacific Railroad Line. extending I 7N
tide waters Of the Pacific oce.n being br e 'bS SS
two powerful compsnies1THE UNION PAcIsIc, be
Pscc Of 0aiforna besinnins 1a' st Ss
building East, until the two roads shaIl meet.
Both GS%Pasies ,S have the work with
pended over
fHIRTY MILLION DOLLARS,
and the Central over T,reuty Millions, upon their
s:PsfSTs Ps.s e the HE gfeN
have iron and other materials for two hundred
miles more spon the ground snd one hundred ed;
have much larger force employ ed this year than
ever before, and 1t is expected that between 'A
500 and 900 MILES
will be in operation during 1858. There seems to
Omaha and Sacramento will be traversed By rail in
land and it's Bonds to the average amount of SIS O0s
per mile, to aid IN the constIuction Of the line, and
now offered for sale, to the same amount and no
more. The Government takes second lien, aud
lien for their security TO which a large paid.up
capital is added. The Bonds cannot be issued ex-
Government commission, so that they always rep
resent real property.
of the Sion Pacific Railroad its through bhsa aess
will make it one Of the most profitable in the
world-but its way or local business is already
eral times the interest on its bonds that If not
another mile were built, they would be a secure
THE Nit EARNINGS for eight months of last
year on an average Of 386 miles are officially
ported sI,oes 1856, while the interest on ali the
The amount paid By the Governnent if for the
I al III" to
much more than the interest on the United States
provides that after the road is completed, and un.
til said bonds and interest are aid, at least We
per cent. OF the net earnings OF the road shall be
applied to such payment.
The Union Pacific Bonds are for $1,000 each,
and have coupons attached. They have thirty
the first days Of January and July at the 6ompsny's
per cent in gold The Princi pal paw able in gold
at maturity. At the present rate of gold. these
bonds pay an annual income on their cost of
NEARLY NINE PER CENT.
AND IT'S BELIEVED THAT THEY WILL
SOON BE AT PREMIUM.
The Company have but very limited supply of
their Bonds remaining on hand, but any subscrip-
filled from Bonds now in the Oompanys ocs,es oS. ee
sion, will be supplied from the New Bonds to be
ROAD completed n he
Spring in the order in which they re ceived
The Company reserve the right TO advance the
price OF their bonds to rate above par at any time
and will not l any ORD receive any subscrip-
tions which the money has not been actually
paid at the Company office before the time of such
advance.
Parties subscribing will remit the par vaIue of
the bonds and the accrued interest I'm currency at
the rate OF six per cent. per annum. from the date
on which the last coupon WAS paid Subscriptions
will be received in WASHINGTON by
FIRST NATIONAL BANK,
RITTENHOUsE, FOWLER & CO.,
and in New York
AT THE COMPANY'S OFFICE. No MAS
SAU STREET, AND BY
JOHN j. CISCO SON. BANKERS, No 50
WALL STREET,
And by the Company's adver tised agents through
out the United States
RemtttdHceS should be made iH dratts or other
Sfnf free of charg. by rptUrH cypress PgrtisS sUb
scribing through local agents tciH Took 10 them for
their safe dslirrry.
PAMPHLET AND MAP FOR 1865 has inst
been published by the Company, giving fuller in
formation than is possible in - advertisement
respecting the Progress of the Work, the Be
sources OF the Country traversed by the RO ad rhe
Means for Construction. and the Value of the
Ronds, which will be sent free on application at
the Company offices or to any of the advertised
agents. JOHN CISCO.
Treasurer, New York
April 10, 1858 my l2W6S.2 Pm