The Portland daily press., 1868-05-01
500 and 900 Niles.


no reasonable doubt that Tho / 72l miles between
Omaha and Sacramento will be flushed in 1e7O
The means provided fer tho construction ofthis
Great National Work are ple. The United States
grants its Six Per Cent Bonds at the rate OF IRON
$4,000 10 S4S,o0O per mile for which it takes Sc
cond lien as security, and receives pay ment to a
large ii not the ul extent its ellm in services
These Bonds iss uel as each twent mile section
is finished, and after it hes be examined by United
States Commissioners and pronounced 10 be in all
respects fir class road, thoroughly supplied with
depo, repair shops, stations, and all the necessary
IIoIing stock and other equipments. E
The United s ates al-o makes donation of 12,S ,SrG
acres OF land along the line tie mile, which will be
source of large revenue to the Company.
The Company is also permitted to issue its own
First Mortgage Bonds 10 amount equal to the is
sue the Government and no more Hon. E. D.
Morgan and Hon. Cakes Ames are Trustees for the
Bondholders, and deliver the Bonds TO the Company
only the woik progl esses that they always rep
resent an actlul ami productive value.
The authorized capital OF the Con pany is One
Hundie1 Million Dollars, of which over eight and
one-haf millions have been pad in upon the work
already doae.
Contracts for the construction 94 miles west from
Omaha, comprising much oil the most difficult noun
tain work, have been made with responsible parties
at the average rate OF SIXTY eight thousand and fifty
eight dollars sos, ,05s) per mi This price includes
all necessary car-shoIs, depots, stations and all
other incidental buildings, and also locomotives,
passenger, baggage, and re'ght cars, and other
guiste 70 ling-sock to amount that shall not be
less than 1850 per mile.
1t is expected taat when the road is completed
the through traffic of the only line connecting the
Atlantic Id Pacific States will be large beyond pre-
ce lent and there will ha M II CON
always be d ne at profit rates, and
Tae Earnings from Local or Way Business
are now Thres Times tn Interest
on thtir Bo ds. .,s
1t will be no ICED that the Union Pacific Railroad
is, in f.ct, A GOVERNMENT WORK, built undei
the supervision o, G vernment officers and to large
extent with Gov vernment money, and that its bonGs
are is1ed under Government direction 1t is be-.
leved that similar security is Sd carefully guard
ell. and certainly other is based up.n larger or
more valuable property.
The Union p, cifc Bonds are for $1,000 each and
have coupons attached. They have thirty years 10
run, and bear annual interest ia,able the first
days of January and July at the Company's Ofise
in the City of New York. at the rate of six per cent
In goll. The principal is payable in gold at ma.ur-
ty.
nual income en- their cost Of
NEARLY NINE PER CENT,
And il is believed that they will soon be
at a premium.
The Conpany have but very limited supply Of
their Bonds remaining on nd but IL is expected
that the first nstalment OF the New Bonds to be is
sued that portion of the road to be completed this
year, will be really in May. 1855 sM
l.
than can be filed from Bonfs now in the Company's
possession, will be scppi,d from the New Bonds in
the order in which they received.
The Company the right to advance the price
Of their bonds to a rate above at any time, and
Will not fill any orders receive any subscriptions
on which the money has not been actually paid at
the C'mpan,'s Office before the time ofsuch advance.
Parties subscribing will remit the par value of tie
bonds and The accrued nteret in currency at the rate
of six per cent per annum, from the date on which
the st coupon paid. Subscriptions will be re-
ceiyed in portland by
swan & Barrett, rs Exchange St.,
And in New York
At the Company's ONCE, No "a Nassau St.
.al AND BY
J. chm ]. isco q Son, Bau kers, H0Wall 81,
And by the Comnauy's advertised IS throust-
-- out the United States.
Eemi1nces should be made in drafts or other funds
par In Nec York, and the Bonds ,cig be sent free of
charge BY return express. P1rtiss subscribing
through csta1ents, ,oin lo9k to them for their safe
deIioery.
A PAMPHLET AND MAP FOR 1868 has Just
been published by the Company, giving fuller inftr-
nation than is possible in advertisement re re
in. the Progress OF tie Work. the Resources of the
Country trave sed by the Road, The Means for Con-
sructiop, and the Value of the Bonds, which will: be
sent free on application at the Companys Office, OF
to any OF the advertised o ents.
30 I'm j. cisco, Treasurer, New York.
April 10, 1868. arr2 .-eod&sw1m