Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1868-06-12
500 and 900 Miles.

VIII be IN operation during lSiS. There seems tC
be no reasonable doubt that the distance between
Omaha and Sacramento will be travcrsed by raj
in 1870.
The Government grants - 800 res of land, and
its bonds to the average amount Of $4,000 pei
mile, to aid i'll the construction OF the line and
thorses the issue of the First Mortgage Bonds
now offered for sale, to the same amount and nc
more. The government takes a second lien, and
| gives to the First Mortgt &c Bondhoiders u priol
| Len Tor their security, to which Il large pai.-up
capital is added. The Bonds cannot be issued ex
cept rs each section of twenty miles is accepted
| ny Government commission, SO that they always
1t is universally admitted that on the completion
OF the Union Pacific Rail- DAD. its through business
will make 1t one of the most profitable in the world
but It, way or local business Is already several
times The interest or its bonds that ii not and
| other mile were built, they would be secure in.
vestmeht. The net earnings for eight months OF
last year on an average OF ,Sj miles are officially
reported at OjJ,l36 while the interest Oh all the
bonds 1t could issue on that length Of road for that
Tine reduced to currency. was only sp5.s5i.
The amount paid by the Government for the
transportation Of troops, munitions, stores and
mails has been, and doubtless will continue to be,
u uch more than the interest the Nnitcd states
second Mortgage Bonds. II it is not the charter
provides that after the road is completed and UNI
til SAID bonds and interest are paid, at least five
per cent OF the net earnings OF the road shall I've
applied to such pa, meHt
The Union Pacific Bonds are for $1,000 each,
and have coupons attached. They have thirty
years to run, and bear annual interest payable ON
The list DAYS OF January and July ut the Compa.
II! 5 Office in the city % New York at the rate OF
'iN pr cS'it III Sohl. Inc Principal Is payable IN
soli al maturity. At the present rate OF gold,
these bonds pay an an ua income on ttcir cost OF
NEARLY NINE PER CENT,
AND II IS BELIEVED THAT THEY WILL SOON DE At
PREMIUM.
The Company have but limited supply of their
Bonds remaining on hand, Tut sGbscriItons
accepted to II greater amount ii,an can be flied
from 10 DIS now Ia the Cuu paiiy's possession,
will pe supplied from the New bonds to be issued
on that portion OF the road completed in the Sp ing
in the order in which they are received The com.
al thn .ir, e
Their bontis to Il rate above par at amy tine md
" iii not ill any orders receive any subscrip.
tons which the money has not been actually
paid al HE compan.'s oicc before the time of such
advance.
Subscriptions will be received in Ellsworth, by
A.. F. DRINKWATER. Esq,
and in Bucksport. by
EDWARD SWAZGY, Cashier of the Ma
tlonal Bank.
and in New York
at the Company's Once No. % Nassau s I.
And by
JOHN. J. CISCO& SON. Bankers, No SO
Wall rect.
And by the conpah,'s advertised agents through.
out the United states.
Rcn,ittanccs sh"udbc made i'll drafts or other
funds par in New i"rs, and the Bond, vii! be sent
free OF charge ~ return express. Parties sub
scribirg tnl, ugh local agents, Will look to tticm
for heir s:c delivery.
A Pam MET AMI Kap for IS IS has just been pub
lI.he b. the Company giving fuller iuiornai ion
than is pos,iile in an advertisement, respect <
The pio truss of the work. the resources OF the
country iraycrsct by the road. the means for
slruction, and the value OF tne Bonds. which viii
he scui FIRE" on application ut the Company's Of
any of the agents.
JOHN j. Cisco, Treasurer,
New York.
April 10, 1853. 3m %