The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-06-20
$40 MILES
OF THE
UNIONPACTFIC r. r.

~ - -
Are now finished and in operation. More
than twenty Thousand men are employed.
and 1t Is not Impossible that the entire track
from Omaha tosacramento, win be finished
In 1863 instead OF 1910.
PANY receive:
IA Government Grant OF the right OF
way, and all necessary timber and other
materials found along the line OF Its
operations.
ia Government Grant OF l., 500 acres
of land to the mile, taken in alternate
sections on each side ofits road. This Is
an absolute donation, and Will be a
source OF large revenue in the future.
III.-A Government Grant OF United
States Thirty-year Bonds, amounting TO
from $4,000 TO SIS. 900 per mile, according
to the difficulties 10 be surmounted on
the various sections to be built. The
Government takes second mortgage as
security, and 1t is expected that not only
the interest, but the principal amount
may be paid in services rendered by the
Company in transporting troops, malls
SO.
IVA Government Grant OF the right
TO issue its own FIRST MORTGAGE
BONDS, TO aid in building the road, TO
Tue bhI0c 6IuOuhI Luu Gs Ne SSANSf
issued for the same purpose and
no more. THE GOVERNMENT PERMITS
the trustees for the First Mortgage Bond
holders TO deliver the Bonds to the Com
pany only as the road is completed, and
afIer it has been examIn ed by United
States Commissioners and pronounced to
be In all respects Q nrst.class Railroad.
VA Capital stock Subscription from
the stockholders. of which orer Et0ht
Million Dollars have been paid In upon
the work already done, and which will
beincreased as theWants O9he Company
require. ALIGEs
VI.-Net Cash Earnings on its Way
Business, that already amount TO more
than the interest onthe First Mortgage
Bonds. These earnings are no indication
OF the vast through traftic that must fol-
low 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,
Are Secure beyond Any Contingency.
The Union Pacific Bonds run thirty years,
are for 81 coo each, and have coupons at
tached. They bear annual interest, payable
on the first day of January and July at the
OOmp huJ . S14Cb III Tie Guy OI ENeW 3OEA
at the rate ofsix per cent In gold. The prin-
cipal is payable In gold at maturity. At the
present rate OF gold. these bonds pay an an
nual interest on their cost OF
NEARLY NINE PER CENT,
AND TT IS BELIEVED THAT THEY
MAYSO0N BEATA PREMIUM.
Tho Company reserve the right 10 advance
the price to a rate above par at any time
Subscriptions Will be received In New York
At the Company's Office, No. go
Nassau Street,
John J. Cisco d Son, Bankers, No.
% wall street,
And by Leading Bankers generally through.
out the United States.
Renit1GnceS should be made in drafts or other
funds par Il, Net0 York, and The Bonds IOtu be
sent free Of charge 6y return express. ParIeC
subscribing through local agents, tVdR look TO
them for their safe delfveTy.
A PAMPHLET AID MAP FOR 1858 has lust
been published by the Company, giving full
Ter Information than Is possible in an adver-
tiseplent, respecting the Progress OF the
Work, the Resources OF the Country trayers-
ed by the Road, the Means for Construction,
and the Value of the Bonds, which will be
sent free on application at the Companys
Ofices, or to any Of the advertised agents.
JOHN j. CISCO, Treasurer, N. r.
JUNE Is. 1858. tel6-tlsepl