The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-04-16

NOTICE IS HEREBY GIvENTHAT ALL PERSONS HAv:
70 sSa e
hs
Or before the s aa Of Apr. inst order ,h. y such
SHaSts5 ssass1s n.,., .,'sFss,
NEW YORK, April ~, 1868.
THE
UNION PACIFIC RAILROAD COMPANY
offer limited of their FIRST MORTGAGE BONDS
A, PAR, principal and interest
PAYABLE IN GOLD
The Great Pacific Line extending 72l miles from
Omaha ON the Missouri river to the tide waters Of the Pacific
Ocean, being built by two powerful companies Union
Pacific, beginning at OMAHA building west and the Contra
Pacific Of California, beginning Sacramento building east
until the two roads shall meet
Both companies prosecuted with great vgor
the Union Pacific having already expended over
THIRTY MILLION DOLLARS,
and the csnrpvr .wsn,, mion. upo. .h.i, respective
parts of the undertaking. The Union Pacific have completed
$50 miles, have and other materials for 200 miles
upon the ground and 100 additional miles ready the
track They win have much larger force employed this
than ever before, and IT is expected thatbetween
EIGHT HUNDRED AND NINE HUNDRED MILES
will be operation during 1863 to be no rea
the distance between Omaha and sacra
msn.o will bs.rsversed by rail in 1870.
The government, grants 800 land
to the average per mile In The
srucon of the ne and authorizes the of the rirs.
no more The takes second lien and gives to
Mortgage Bondholders prior lien security
which large paid up capital added The Bonds cannot
except each section twenty is accepted
by commission that they always represen.
real property
II is universally admitted that the completion of the
Union Pacific Railroad through business will make one
of the profitable the word bu, way local busi
moss already times the interest Bonds so ha.
II another mile built they would be invest.
ment
The net earnings for eight on an average
sSs miles officially reported at 81 Oss 1885, while
all the Bonds could issue that length Of road
for tha. time, reduced currency, only ss4ssSs.
of troops munitions BEEN aud doubtless
will continue to be- much interest on the United
States Second Mortgage Bonds nis charter pro-
vides after the road completed, and until said Bonds
and neres. paid per the ne, earnings
Of the road shall be applied to such payment.
The Union Pacific Bonds are 1000 each and have cou
pons attached They thirty years to rum and bear an.
nuai payable the M days OF January and July
the companys omce in the city of New York. the rate
sr per cent gold. The principal payable gold at ma
ury Al the present rate Of sod these Bonds pay an annual
| income on their cost Of
NEARLY NINE PER CENT,
| AND 1T rs BELIEVED THAT THEY WILL SOON BE
At A PREMIUM.
The company have but very limited supply of their Bonds
remaining hand, but any subscriptions accepted 10
greater amount than be hed from Bonds now In the com
panys possession will be supplied from the Bonds to
be issued on portion of the completed in the spring.
| in the order in which they are received.
The company the right price their
Bonds 10 rate above par any time not any
orders or receive any subscriptions which the money has
no, been actually paid The companys ONCE before the
| time OF such advance.
Parties subscribing will remit the par value OF the Bonds
and the accrued interest in currency the rate of six per
cen, per annu from the date on which the last coupon was
| paid. Subscriptions will be received in New York
A,hs coxPANY's OFFICE, 90 Nassau stree.
/. And By
JOHN ). CISCO a SON, Bankers, 50 Wall street,
And by the companys advertised agen,s throushou. the
H United States.
RemItances shouid be drafts other par
IN New York. the Bonds viii bs free OF charge BY
return express Parties subscribing through local agents
vn look to them for their safe delivery.
A Pamphle, and Map for 1858 has Jus, been published
By the company, giving fuller Information than is possible
in an advertisement respecting the progress Of the work,
The resources The country avesed BY the rosd the means
for construction and the value Of the Bonds which win be
sen, free on application at the companys oces to Of
| the advertised agents.
| JOHN ). CISCO, Treasurer, New York.
| mo LoAN-yoR A FRIEND, ON uNENcUMBERED
i city real estate, for three years; $4,000. -.
=, A. j. ROGERS, Attorney -atlaw, $40 Broadway