Evening star. [volume] (Washington, D.C.) 1854-1972, 1868-12-24
THE UNION PACIFIC RAILROAD COMPANY
OFFER LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.


NINR HUNDRED AND SIXTY Mills
OF the 'ine Wet from Omaha are nov completed,
snd the work is going on through the inter.
AZ the distance between the finished portion of
the SEion snd Central Pacific Railroads 10 nov
lsss than zoo miles, anS both companies are push
leg forward the work with great energy, employ
Ing over 80 Goo ner, there lie doubt that the
whole
GRAND LINE TO TuE PACIFIC
win he open for Busiaes.ia the summer OF
1869.
The resulsr Government Commissioner. have
pronounced the Union Pacific Railroad 20 be
FIRST CLASS In every respect, snd the Special
Commission appointed BY the President says
Taken as = whole THE UNION PACIFIC
RAILRoAD Has BEKN WE'LL CONSTRUCT
ID, AND THE GENERAL ROUTE FoR THE
LINE ENCEEDINGLY WELL sELKUTED.
The energy aud perseverance, With which IN work
has been urged forward, aud the rapility with
which Il hss been executed are wthsut parallel in
history, and in grandeur and mssuitade OF under
taking 10 has never been equslled' . The Report
states that any deficiencies that exist are only those
incident 10 sll new roads. ant that could net hAy
been avoided without materially retzrdtng the
progress Of the sreat work. Such deficiencies are
supplied by all railroad cCmpSuies sitter the COM
petiou OF the line, when and wherever tNps-
rieUce shows them 90 BE- necessary. The report
concludes BY saying that the country has
sCD TO coDsTstulato Itself that this great work
Ing comsletion upcer sush fsvsrsUle suspice.. p,
The Company now have in lg7 locomotives and
ueary 20O cars Of all descriptions. A large addi-
uorG Equipment is ordered to be ready IN tie
spTing. Tie grading is nearly com pleted aud ties
distributed Tor u miles in al of the western
end of the track. Fully lao miles OF iron for the
new track are nov delivered west OF the Missouri
River. and % miles more ~ roEtr. The total
sspe ditures for con tTnction purposes in ADVANCE
Of the completed portion Of the road Is not less thsn
eight million Goll.-.
Besides a donation from the Government Of
la o acres of land per mile, the Company j. en-
titled TO = subsidy in L. Z. Bones on its Iiue ss
completed and excepted, At the average r.te OF
about SO 90 per mile. socO riding tothe icalties
encountered, for which the Government takes q
second lien a. security. The Comrany have al
ready received So 2l5s OoOof this subsidy Of which
81 fs0@1 wss psid December 9th and $50 o1a
December lGth
GOVERNMENT AID.sECURIrY OF THE
By IFS charter, the Company is permitted TO is
sue ts own FIRST M0BTGAGE BONDS to the
same smount as the Government bonds. aad a.
rore. These Bones are First Mortgage upon the
whole rosd and all it's equi pments. such a m prt
esse upon what for q lorG time, will be the only
railroad connecting the Atlantic aud Pacific
etates. takes the highest rsnk a safe security.
The earnings from the way er local business for
the year ending June 30, ISIS, an average Of az
miles. we're fOUR MILLION DOLLARS.
than sufficient TO cover ell interest liability upon
that distance, and the earnings Of the last five
months have keen S23Ss7e. They would have
been greater If the road had not been taxed to its
utmost capacity TO traus port its materials for
construction. The income from the great Passenger
travel the China freishts AID the supplies for the
new Rocky Mountain States aud Territories must
be ample for all Interest and Sther liabilities
No political acton can reduce the rate % interest
IL must remain Tor thirty years. p.r o.af. p.y
IA gn gstfa upu nal - latu af.
nire per cent. in currency. T. pr5H~PTl - fi.a
P1yatts ~ go'f. Ha bond win such guarzutee.
we're issued By the Government, its market price
would not be less than from - to q per cent pre-
MUM. As these bonds are issued under Govern
ment authority and supervision, upon wRst -
very largely Government work, they must ulti-
mately approach Government prices. No other
corporate bonds are made secure.
The price for the present Is PAR, and accrued
interest at per cent from July l. 1885, In currency
Subscriptions will be
RECEIVED N WASHINGTON. BIZ
First National Bank.
RittenhOuse. Fowler a Co.
and in New York
At the Company's Office, No. 20 Nassau
Street.
John }. Cisco a. Son. Bankers, No. 50
Wall street,
And BY the Compsnys advertised agents through
out the United States.
Bonds ssHf fTss, Ju par'isS sH5S-riBing fsyoash
i"oat agents rH look 70 fbs"l FOR hsH SAT- d.
iir.rg.
A NEW PAMPHLET AND MAP WAS Is
SUED OCTOBER IsT, containing a report of the
progress Of the work 10 that date and more COM
plete statement ia relation TO the value OF the
bencs than can be given in an advertisement,
which viii be sent free on application at the Com
psny on1eos, or to any Of the ADVERT ed agents
JOHN J. CISCO. Treasurer, New York,
December 18th, 1853. se2l I'm