The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-09-21
HIGHT HUNDRED MILES
OF THE
UNION PACIFIC RAILROAD

UNION PACIFIC RAILR DAD
ARE NOW FINISHED AND IN OPERATION.
Although this road Is built with great rapdiy, the
work is tho oughly done, and is pronounced by the
United States Commissioners to be trst-cass In
every respect before 1t Is accepted and before any
bonds can be issued upon It
apidity and excellence of cons ruction have been
secured by O complete division Of labor, and by dis.
tr1buting the twenty thousand men employed along
the line long distances at once. 1t Is now prob
able that the
WHOLE LINE TO THE PACIFIC WILL BE COM
PLETED IN 1862
The Company have ample means CT which the gov
ernment grants the right Of way. and all necessary
timber and other materials found along the line OF
It's operations; also 800 acres OF land to the mile
taken alternate sections eaco side OF its road;
also United States thirty-year bonds. amounting to
from Sl6,00U to 900 per mile. according to the
difficulties to be surmounted on tie various secuons
to be built for which it takes second mortgage as
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
troops, mails, &c.
The EARNINGS OF TIE UNION Pa ClFIC RAIL
ROAD, from its way or local business only, during
the year ending June S0th, 1868. amounted to over
FOUR MILLION DOLLARS,
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 10 the
Pacific, but they certainly prove that
FIRST MORTGAGE PONDS
upon such a property, costing nearly three times
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 the first days Of January
and July at the Companys Office in the City OF New
YORK, at the rate Of six per ceut in gold The prn-
cipal ia payable In gold at maturity. The Lrioe is
102 and at the present rate Of gold they pay ibe-
raj income on their cost
A very important consideration In determining the
value OF these bonds is THE LENGTH OF TINE
THEY HAVE 10 RUN.
1t is well known that long bond always commands
much higher ice than short one. 1t ls SAFE 10
TINT during the next thirty years. the rate OF
interest In the United States Will dec inc as II mas
done In EUROPE and We have hight TO expect tnat
such six per cent securities as these Will be hs'd at
es high q premium as those OF this government
which, In 1857 were bought in at 20 to 2S per cent
above par, The export demand alone may produce
this result and the issue OF ivste corporation,
they are beyond the reach Of political action.
The Company believe that their Bonds at the pre-
sent rate are the cheapest security in The market
and the right to advance the price at any time is
reserved. Subsc :iptio g will be received 10 New
York at the
coMPANY's OFFICE, No. 20 NAssAU-sT.,
AND By
JOHN j. CISCO g. SON, Bankers,
No. 50 wALLsTREET,
And by the Company's Advertised Agents
throughout the Un tied States.
NJ Remittances should be made in drafts or
other funds par in New York. and the Bonds will be
sent free Of charge by return express Parties sub
soriblng through local agents will look to them for
their safe delivery.
PAMPHLET AND MAP FOR 1858 has just
bsen published by the company, giving fuller infor-
nation than is possible in advertisement respect
ing the Progress Of the Work. the Resources of the
Coun ~ traversed by the Road the Means for Con-
stracton and the Value OF the Bonds, which Will be
sent free on applicat at the Company's ofices
to any of the advertised Agents.
JOHN J. CISCO, T reasurer.
September l9 LIMO New York.