Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1868-08-14
THE
Union Pacific
Railroad COMFY
Offer Limited Amount of their
FS'T MORTGAGE BONDS
AT PAR,

'--s--~-~ --'--.'-~-
Payable in GOLD.
The Great Pscihc Railroad Line, extcndidg 1871
miles from Omaha, on the Missouri River, 70. :" The
two powerful! com anies--Thc Union Pacific. be.
ginning at Omaha, building West, and the Centra'
building East, until the roads shall meet. Both
vigor, the Union Pacific having already expended
over
Thirty Million Dollars,
and the Central over twenty millions, upon their
respective parts Of the undertaking. The Union
Pacific Have Completed $40 miles-havc iron and
other materials for two hundred miles more upon
ready for the track. They will have a much lar.
ger force employed this year than before. and
L is expected that between
800 and 900 Miles,
vii, he in operation during 1868. There seem. TO
be no reasonable doubt that the distance between
Omaha and Sacramento will be traversed by rail
in 1870.
its bonds to the average amount OF $2s0OO per
mlc to aid In the construction OF the line and au.
thorises the issue of the First Mortgage Bonds
more. The government takes u second lien, and
gives TO the First Mortg ge Bondho!ders a prior
lien for their security, to which q large paid.up
capital is added. The Bonds cannot be issued ex.
cept each section OF twenty miles is accepted
by Government commission, SO that they always
u
!. is universally admitted that on the completion
OF the Union Pacific Rail- DAD, its through business
will make it one OF the most profitable III the world
but it. way Or local business is already several
times the interest on its bonds; that If not and
other mile were built, they would bc n secure In.
vestment. The net earnings for eight months OF
last year Oh an average of 38i miles are officially
reported at 069, l3o while the interest OH all the
bonds 1t could issue on that length Of road for that
1ii The amour amonnt paid by he Government % for the
transportation Of troops, munitions, stores and
mails has been, and doubtless will continue to be,
n uch more than the interest OH the Nuted states
Second Mortgage Bonds. II it is not the charter
prov ides that ailcr the road is completed and un
til said bonds and interest are paid, at least five
per cent. OF the net earnings OF the road shall be
applied to such payment.
Are secure beyond any Contingency.
The Union Pacific Bonds run thirty years, are
for : /, 900 each and have coupons attached. They
bear annual interest payab c on the frs days of
January and July, at the COMPANIES ofIlce in the
CITY OF New Yolk. at The RATE OF six per cent in
gold. The principal IS payable in gold at maturity
The price Is lO2 and at the present rate Of gold,
they pay liberal inceme on their cost.
The Company believe that these Bonds, at the
present rate. are the cheapest security in the
ket, and reserve the right 10 advance the price at
Subsci iptions will be recived in Ellsw or.h, by
A. F. DRlNKwATER. Esq.
aud In Bucksport. by
EDWARD SWAZEY, Cashier OF the Ma
tional Bank.
and in New York
At the Company,s Once No 20 Nassau St.
And by
JOHN J. CISCO & SON. Bankers. No. SO
Wall street.
And by the compahy's advertised agents through
out the United states.
Remittances should be made in drafts other
funds par in New York. and the Bonds will be sent
free Of charge ~ return express. Parties sub
fcribing thr( ugh local agents, will look to them
for their safe delivery.
A Pam .,hlet and Map for 1865 has just been pub
lished by the company, giving fuller Information
than / $ possible in an advertisement respecting
the progress of the work, the resources OF the
country traversed by the road. the means for con.
struction, and the value of the Bonds. which will
be seut Tree application at the Company's Of.
pces or any OF the agents.
JOHN j. Cisco, Treasurer,
New York.
April 10, 1865. Sm 20