Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-16
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FOB
MARYLAND, DELAWARE, VIRGINIA,
WEST VIRGINIA. AND DISTRICT
OF COLUMBIA.
AT TN = OFFICE OF
JAY COOKE 81 CO..
FIFTEENTH sTREET.
OPPOSITE TREASURY DEPAR TMEN1,
wAsHIHGTON ID. q.
se4N
TIE UNION PACIFIC RAILROAD COMPANY
OFFER LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILES
OF the line west from Omaha completed.
and the work 10 going on thrsugL the Winter.
As the distance between the finished portion o
the Union aud Central Pacific Railroads 10 nov
lees than 600 miles, aud both companies are push
ing forward the work with great energy. employ
ing over oooo ner, there be no doubt that the
whole
GRAND LINE To THE PACIFIC
Will be open fer Basinessi In the summer Of
1863.
The regular Government Commissioner have
pronounced the Union Pacific Rsilroad TO be
FIRST GLASS in every respect, AND the Special
Commission appointed by the President says:
Taken as . whole. THE UNION PACIFIC
RAILROAD HAS BEEN WILL OONerRUCr-
I'D, AND THE GRNKRAL ROUTE FOR The
LINE EXCEEDINGLY WELL sELEOrED.
The energy and perseverance with which the work
has been urged forward, and the rapidity with
which ft he's been executed without parallel 10
history, and In grandeur and magnitude Of under
taking IL has never been equalled.n The Report
concludes by saying that ''the country hes rea-
son 20 congratulate itself that this great work
OF national importance is rapidly approach
ing completion under such favorable auspices
The CoDpa now have in use lS Locomotives and
nearly 900 Of all descriptions large sddi-
tiopal Equipment 10 ordered % be ready iu the
Spring. The grading 10 nearly com pletea, and ties
distributed for Id miles in I'd of the western
end Of the track. Fully lso miles Of iron for the
kfver- and 80 miles more are roEt.. The total
exper dtures for construction purpo in advance
OF the completed portion Of the road Is not less than
eight million dollars.
Beeidss a donation from the Government OF
LIS o Acres OF land per mile, the Company is en-
titled TO O subsidy I'm L. q. Bonds ON lite line az
completed and excepted, at the average rate of
about 80 600 per mile riding the dificslfies
encountered, for which the Government takes a
second lien security. The Comrany have al
Al we'd fr-s lnf en-
foil on the $40 miles that have been ex amined bg
the Uurted States Commissioners.
GOvEBNMENT AID-sECURITY OF THE
BONDS.
By iis charter. the Company is permitted 70 is-
sue % own FIRST M0RTGAGE BONDS 70 the
same smount the Government bonds, an4 40
more. Theee Bonds are Q First Mortgage pon the
whole road and all its equi pments. such a mort
gage upon what, for Q long time. will be the only
railroad connecsfns the Atlantic aud Pacific
States, takes the highest rank as safe security.
The earnings from the way or local business for
the year ending June 50, lsSs, on average Of az
milee. we're over F0UR MILLT0H DOLLARS,
which, After paying al expenses, we're much more
than sumcient TO cover sii Interest liability upon
that distance, and the senines OF the last i've
months have besn o2,s9s so. They would have
been greater II the rosd had not been taxed 20 trs
utmost capacity 10 transport its nassriais for
construction. The income from the great passenger
travel the China freishts, and the suppee for ths
new Rocky Mountain States and Territories uust
be ample for ell interest and ether liabilities.
No political action reduce the rate OF interest
II must remain for thirty years-sir Su oess. Der
oaaHm tn sold, now equal 20 bstWesn eiaht snd
nine per oent in currency. Ts Sriscipal Is tAes
payable 10 sold. II bond with such euarauss>s
were issued By the 0ovsrnnsut. th markst price
would NOT be les than from - TO - Dsr cent gre
mium. A. these bonds ere Issued under Govern
msns authority and suDsrvision, upoa Whist 10
very largely Government work, they must ulti-
mstely approach Governncpt prices.
The Diice for the present is PAR.
Subscriptions will be
RECEIVED II WASHINGTON, BY
First National Bxnl.
Rittenheuse, Eewler a. Co.
and In New York
Al the CsnPsay's Office, No. 20 Nassau
yshn j. Cisco & Sen, Bankers, Nc. SO
Wall street.
Ana By the Company advertised agents through
oat the United States
Bends senf free, tsa parties sEbsussisg ,s,ourA
local agents wiH look to tAem for thsty sas. as-
Itreyy.
A new PAMPHLET AND MAP WAS Is
SUED 0cfOb1k 1sr, containing . report Of the
Dreerso % sne vork 70 that date, and more CON-
p1sss seossoses In relation % the value Of the
boeos tnae can b given In On advertisement.
wh1ce VII Dc sent free On application at the COM
Deny ooees, or TO any OF the advertised agents.
Ine Coupons Of the First Mortgage Bends Of
the union Pacific Railroad Company, que ysuu-
efv lse, ~. vfn be Dsid on and sfter that date,
IN 0oLp Cofx, free Of Governuent tar. sf tue
Yssk.
JOHN =. cisco. Treasurer, New Ysrk.
psssnesr ntA.isss. ss1-sW