The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-09-23
TIGHT HUNDRED MILES
OF THE
UNION PACIFIC RAILR0AD

UNION PACIFIC ILROA D,
ARE NOW FINISHED AND IN OPERATION
Although this road Is built with great rspidity, the
work is thor oughly done, and is pronounced by the
United States Commissioners to be frstclass In
every respect before 1t Is accepted, and before
bonds can be issued upon 1t. I
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 at once. 1t is now prob
able that the
WHOLE LINE TO THE PACIFIC WILL BE CON-
PLETED IN 1899.
The Company have ample means Of which the gov
ernment grants the right Of way and all necessary
timber and other materials found along the line OF
its operations; also 300 acres of land to the mile,
taken in alternate sections on each side OF its road;
also United States thirtyyear bonds. amounting to
from 81, 600 to $4,000 per mile, according to the
difficulties to be surmounted on the various sections
to be built for which II takes second mortgage
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
IHE EARNINGs OF TIE UNION PACIFIC RAIL
ROAD from its way or local business only, during
the year ending June 30th, 1858. amounted to over
FOUR MILLION DOLLARS,
which, after paying all expenses was much more
han sufficient to pay the interest upon Its Bonds.
These earnings are 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 tmes
| their tmount,
Are Entirely Secure.
The Union Pacific Ponds run thirty years, are for
$1,000 each, and have coupons attached. They bear
annual interest," payable on the first days Of January
and July at the CoDpanys office in the City OF New
YORK; at the rate OF Fix pcr ceut in gold The prin-
cipal is payable in gold at maturity The price is
1O2 and at the present rate Of gold they pay ibe-
raj income on thelc cost
value OF these bonds is THE LENGTH OF TILE
THEY HAVE 10 RUN.
It is we'll known that lor oond always commands
q much higher p.ice tho short one It Is safe to
interest in the Unite1 -.ates will dec Inc as 1t has
Jone In EUROPE and Xe have right to expect that
such six per cent securities as these Will DO hed at
% high premium as those Of this government,
Which, in 1857 bought in at 20 to % per cent.
above par. The export demand alone may produce
this result and as the issue of ivate corporaon,
they are beyond the reach Of political action.
The Company believe that their Bonds, at the pre-
sent rate, the cheapest security in The MARKET
and the right to advance the price OF any time is
reserved. Subsc iptio-s will be received in New.
York ut the
CoMPANY's OFFICE, No. 20 NASSAU-sT.,
JOHN j. CISCO 6; SON, Bankers,
No. SO wALL-sTREET,
And by the Company's advertised Agents
throughout the United States.
Rsr Remittances should be made in drafts OF
other funds par in New York, and the Bonds will be
gent free of charge by return express. Parties sub
scbing through locei agents will Look to them for
their safe delivery.
~A PAMPHLET AND MAP FOB 1858 has just
been published by the Comoany, giving fuller infor
nation than Is possible In advertisement respect
ing the Progress Of the Work. the Resources of the
Country trayersed by the Road, tae Means for Con-
srucion, and the Value OF the Bonds, which will be
sent free on application at the Company's Offices, OF
to any of the advertised Agents.
JOHN J. CISCO. TREASURED.
September IS limo Eew York.