Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-06-29
GAO MILES
union PACIFIC R. R.

Are now finished and in operation. More than
twenty thousand men are employed, and it is not
impossible that the entire track, from Omaha o
Sacramento will be finished in 1863 instead of 1870.
The UNION PACIFIC RAILROAD COMPANY
receive:
IA Government G rant of the right of
way. aud all necessary timber and other mate
rials found alorg the line of its operations.
ia Government G rant of 10 500 acres of
land to the mile. taken in alternate sections on
each side of its road. This is an absolute do
nation, and will be a source of large revenue in
the future.
Iu-A Government Grant of United
States Thirty-year Bonds, amounting to from
SIG, 900 to S4s 900 per mile, according to the diff
fculties to be surmounted on the various sec
tions to be built. The Government takes sec
ond mortgage as security, and it is expected that
not only the interest. but the principal amount
may be paid in services rendered by the Com
pany in transporting troops, mails. &c.
IVA Government Grant of the right to
issue its own FIRST MORTGAGE BONDS,
to aid in building the road, to the same amount
the U. S. Bonds, issued for tt g same purpose.
and no more THE GOVERNMENT PERMITS the
Trustees for the First Mortgage Bondholders to
deliver the Bends to the Company only as the
road is completed, a I'd after it has been exam
ined by United states Commissioners and pro-
nounced to be in all respects frst-cass, Rail-
roa1.
VA Capital Stock Subscription from
the stockholders, of which Eight Million
Dollars have been paid in upon the work al
ready done. and which will be increased as the
wants of the Com pany require.
VI.-Net Cash Earnings on its Way Busi-
ness that already amount to MORE THAN THE
INTEREST on the First Mortgage Bonds. These
earnings are no 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
G6NTfSGESCYi tSsiE f%GHRSS NE shoo @h bhfoND ANY
The Union Pacific Bonds run thirty years. are for
81 900 each, and have coupons attached. They bear
ary and July at the Company's Office in the city of
principal Is payable in gold at maturity At the
present rate of gold these bonds pay an annual in
NEARLY NINE PER CENT,
And it is believed that they NAV soon be at a
premium. The Company reserve the right to ad-
tine y If rate PE s
COmpany,s office, No. 90 Nassau ST.,
AND BY
John J. Cisco & Son, Bankers, No. SO
Wall street,
And by Leading Bankers generally throughout the
Renaittancos shovld be made in drafts or other
funds par in Nea0 York. and the Bonds 10 H6e sent
free of charge By return cypress. Parties sub
scri6fng through local agents, a1iU Took IT, them
their safe deli0erg.
A PAMPHLET AND MAP FOR 1868 has just
been published by the Company, giving fuller in
formation than is possible in advertisement.
specting the PROGRESS of the Work, the Resources
of the Country traversed by the Road, the Means
for Construction. and the Value of the Bonds
which will be sent free application at the Com
pany's offices or to any of the advertised agents.
JOHN j. CISCO. Treasurer. New fork.
ENY-jul6-d&w2m