The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-24
FINANCIAL.


1T THE,PREsENr TINE THERE ARE
EIGHT HUNDRED AND TWENTY MILES
OF THE
UNION PACIFIC
RAILROAD
finished in operation Although this road is built
with great rapidly the thoroughly DONE and is
pronounced by the United Commissioners be first
class in respect before accepted before any
bonds can be issued upon it.
Rapidly and excellence of construction secured
by complete division Of labor and by distributing the
twenty thousand employed along the line for long dis
at probable that the whole line to the
Pacific viii be completed in 1869.
The company have ample of which the government
grants the right of way, necessary other
materials along the line Of s operations also 1880
of land the me taken alternate sections each
side of its road United States thirty year bonds
amounting to from $4,000 $4,000 per mile according
the difficulties to various sections be
built for which takes second mortgage aa security
Tho earnings Of Pacns Railroad from s way
local business only during the year ending June s 1853
amounted four million dollars which, after paying all
expenses much more than sufficient to pay the interest
upon its bonds These earnings indication Of the vast
through traffic that follow the opening Of the line to the
Pacific, but they certainly prove that first mortgage bonds
upon such property, costing nearly three times their
amount, entirely sure
Tho Union Pacific bonds thirty years, for 600
each, and have coupons attached They inter-
est, payable on the FIRST days Of January and July
per cent in gold The principal payable in gold at atu
ry The price lO and present Of god they
pay liberal income on their cost.
Avery important consideration in determining the value Of
these bonds is the length Of time they have to
nhwen known that long bond always commands much
higher price than short one II safe to that
during the thirty years the Of interest In the United
States viii decline has Europe. and have
right expect that such six per securities these will
be held at high premium those Of this government
which, 1857 were bought from 20 per above
par The export demand alone may produce this result and
the issue Of private corporation they beyond the
reach Of political action.
Subscriptions will be received in New York at the COM
panys Office 20 Nassau street, and by JOHN J. CISCO
SON. Banke 80 Wall street, by the Company's adver
tised agents throughout the United States
4 TLANrIo AND PACIFIC TELEGRAPH COMPANY.
faEs1psST"xRrHUR ss a +. wxiLiIIxRIH
VICE PREeIDENT-WILLIAM II. GUION.
5SoSsa1AnIVS 5oTssanMvosE 4 4hAariH hoDANfEn.
ARTHUR F. wILLMARTH, Vice Presiden. Home In'ur-
.1sf TaoRNE rrosden. New York Equitable
SsS% sss% sss Court Hudson N.Y.
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6HxkfEs + sAEPzED. Press sd: Trade, Albany, ny.
JAMES \. ExTTHEws, Editor and Proprietor oo1mer:
y 4S,sSi E%ss gsG.,e ~ ~, ,,,.,,
EkisT FIN Co. New YORK; and fhn fSSi sSSinO:
'1R Hon fasS FGxStE President N.sar. County National
EMERY WENDELL, CASH First Nat Blk, Detroit Mich.
II. N: FLAGLER, Rockefeller, Adams 4 Flager, Cleve
WILLIAM BLAIR, VIM. Blair Co., Chicago, Ill.
ANGUS SMITH, Milwaukee, wis.
Z. D. HUDSON, Detroit, Mich.
We authorized sell residue Stock OF this
company The lines will be completed to Chicago the LIST
of October In connection with all the Eastern States
and will shorty be in connection with all the commercial
centres OF the country with Improbable branchcs pay
naming expended upon the further eIten
sion Of the lines and additional wires to meet the demands
HENRY CLEws a CO., 81 Wall street.
A TLANTIC SAVINGS BANK,
bEhPosIrs MADE NOW DRAW fkTEREsT FROM OCT I.
Six cent interest," free from tax allowed on all sums
from 81 70 &5,0O0.
HARRISON HALL, President.
c. ID. BAILEY, Treasurer.
JosEpB r. COOPER, Secretary.
A DvANCEs IN CASH NEGOTIATED UPON SHIP
n ments of iron cotton and four warehouse receipts,
life policies, mortgages Lenses and all current stock secu'
rifles. JOHN B. MURRAY, rs Pine street.
COLUMBUS AND HOOKING VALLEY RAILROAD
and Hooking Valley Railroad Company, due October will
be paid and after that date at the Office OF r. HAYDEN
No "A Nassau street.
CoMPTROLLER's OFFICE, NASHVILLE, TENN, SEP.
~ tembcr 6 l66sThe Interest the Bonds of the State
OF Tennessee due July will be paid presentation Of the
coupons the Fourth National Bank and after Monday
October b. q. W. BLACKBURN, Comptroller.