Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-05
TIVE UNION PACIFIC RAILROAD COMPANY
oKFER A LIMIrDp AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.
NrNI HUNDRED AND SIXTY Mills

NINE HUNDRED AND SIXTY MILES
or the line west from Omaha are now completed.
and the work 10 going on threuEh the Winter
As the distance between the fnished portion o
the Tnion and CenHsl Pacific Railroads is nov
less than 900 miles, fbd both companies are push
ing over 900 men, there be doubt that tile
whole
GRAND LINE TO THE PACIFIC
Will be open for Bxsinessin the Summer OF
1863.
The regular Government Commissioner. have
pronounced the Union Pacific Railroad 90 be
FIRST CLASS in every respect, sn5 the Special
Commission appointed by the President says:
Taken as q whole. TIE UNION PACIFIC
RAILRoAD HAS BEEN WELL CONSTRUCT
I'D, AID THk GENERAL ROUTE FOB THE
LINE EXCEEDINGLY WELL skLEUTED
The energy and perseverance, with which the work
has betn urged forward, and the rspidity with
which 4. has been execrted are without parallel In
history, and in granderr and magnitude OF under
taking IL has never been equsied." The Report
concludes by saying that 1.-The country has rea-
son to congratulate itself that this great work
Of national importance is so rapidly approach
ing completion under such favorable auspices
The Company now have IN use lS7 locomotives and
nearly 2.sOo csrsof all descriptions large sddi.
tonal Equipment 10 ordered to be resdy in the
Spring. The grading is nearly pleted, and ties
distributed for 10 miles in adv Of western
esd OF the track, Fully lI0 miles Of iron for the
new track are now delivered west Of the Missouri
kfver, and 90 miles more are "a route. The total
earet ditures for construction purposes advance
eight million dollars
Beeides a donation from the Government of
RIso acres OF land per mile, the COMPANY is en-
titled to Q subsidy In U. Z. Bonds on it's line As
completed and excepted, at the average rate OF
about ga 600 per mile acco riding t. the d c ulties
encountered, for which the Government takes q
second lien - security. The Con. .any have al
ready received S2a aG7s00o of this subsidy being in
full on the @.o miles that have been examined by
the UuIted states Commissioners.
GoVIREhENr AdD.sECURIrY or THE
By its charter, the Company is permitted TO is
sue to own FIRST MORTGAGE BONDS TO the
same smount the Government bonds and "a
more. These Bonds are Q First Mortgage upon the
whole road and all its eaui pmen such q mort
gage upon what, for q long time, will be the only
railroad connecting the Atlantic and Pacific
States, takes the highest rank q safe security
The earnings from the way or local busipess for
the year ending June 30, 1858, an average of ,7a
miles. were ever FOUR MILLION DOLLARS.
which, after paying ell expenses, were much more
than sufficient TO cover Gil interest liability upon
that distance, and the earnings of the last five
months have been 81 $40. They would have
been greater If the road had not been taxed to its
utmost capacity to trans port its materials for
travel the China freights and the supplies for the
new Rocky Mountain States and Territories must
be ample tor all interest and ether liabilities
No political action reduce the rate Of interest
1t must remain for thirty yesrs-sir p,r cent. p.y
onnWn an gold, now equal to between eight and
nine per cent. In currency. Tas principal as then
payable IN gold. If q bond with such guaranteed.
were issued BY the Government, its market price
would not he less than from 20 to Is per cent pre-
mium. As these bonds are issued under Govern
ment authority and supervision, upon what is
very largely Government work, they must uIti.
mstely approach Government prices.
The price for the present lie PAR.
Subscriptions will be
RECEIVED IN WASHINGTON, By
First National Bank.
Rittenhoase, Fowler Il Co.
and in New York
At the Cempany's Office, No. 20 Nassau
John j. Cisco e. Son. Bankers, No. SO
all Street,
And By the Companyb advertised agents through
out the United States.
Bonds sent free, bru parties ssbsribiHg tkrough
loeai agents triI Took TO them for fhsir SAT. de-
lirery.
A NEW PAMPHLET AHD MAP WAS Is
SUED oCfoBER 1sr, containing Q report of the
progress Of the work to that date, and more COM
plete statement In relation to the value OF the
bonds than can be given in IN advertisement
which will be sent free application at the Com
panys ofhces, or to any Of the sdvertised agents
- The Coupons Of the First Mortgage Bends of
the Union Pacific Railroad Company, due Jauu-
ary LIST, 1869, will be paid on and after that date
IN GOLD Corr, free OF Government tax, at the
Company's office, No. 20 Nassau street, New
York.
JOHN J: cisco, Treasurer, New York.
pecenber 18th, 1865. de2l CIV