Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-08
THE UNION PACIFIC RAILROAD COMPANY
OEFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE Bonds
AT PAR.

NINE HUNDRED AND SIXTY MILES
and the work is going on through the Winter.
As the distance between the finished portion o
the Gnion and Central Pacific Railroads 10 nov
less than 100 miles, and both companies push
ing forward the work with great energy, employ
ing over 80 0OO there be no doubt that the
whole
GRAND LINE TO THE PACIFIC
VIII be open fer Business i'm the SUN mer of
1869.
The regular Government Commissioners IA wa
pronounced the Union Pacific Railroad to be
FIksT GLASS in every respect, and the Special
Commission appointed by the President says:
'Tsken as q whole. THE UNION PACIFIC
RAILROAD HAS BEEN WELL CONSTRUCT
ED, AND THE GENERAL ROUTE FOB THE
LINE EXCEEDINGLY WELL SELECTED.
The energy and perseverance with which the work
has been urged forward, and the rapidity with
which IL he's been executed are without parallel in
history, and in grandeur and ma agnitude of under
taking it hes never been equalIed.n The Report
concludes BY saying that '.the country has rea
Of nstiopal importance is so rapidly approach
ing completion under such favorable auspices'
The Company now have in use l3 locomotives aud
nearly 20QO cars of all desert ptions. large addi
tiopal eIuipment 10 ordered to be ready iu the
Spring. The grading is nearly com pleted and ties
distributed for ID miles in advance of the western
end Of the track, Fully laO miles OF iron for the
new track are now delivered west Of the Missouri
River, and 80 miles more are en- yoHs The total
exper ditures for construction purposes in
Of the completed portion of the road Is less than
eight million dollars.
Besides a donation from the Government of
l2.s0 acres OF land per mile, the Company is en-
titled to Q subsidy in U. y. Bonds ON its line Is
completed and excepted, as the average rate of
about S2s 0O0 per mile, riding to the difficulties
ArAn Mt voA Tap .N~h L.. d.
second lien - security. The Company have al
ready received S24 07S.O Of this subsidy, being in
full on the $40 miles that have been examined by
the Uulted states Commissioners.
aOVhBhMENr A5D.,sECURIrY or THE
BUNDS.
sue to own FIRST MORTGAGE BONDS to the
same emount as the Government bonds ant no
more. These Bonds are First Mortgage upon the
whole road and all its equipments 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 50, 1858, average Of az
miles, were over F0UR MILLIOH DOLLARS,
which, after paying all expenses, were much more
than suficient 70 cover oil interest liability upon
that distance, and the earnings of the last i've
months have been 02336,SO. They would have
been greater IL the road had not been taxed to It's
utmost capacity to transport its materials for
construction. Theincome from the great passenger
travel the China freiehts, and the supplies for the
new Rocky Mountain States and Territories must
be ample for ell interest and other liabilities
Ne political action can reduce the rate OF fnter..t
1t must remsin for thirty years-sir Per cent. per
amnnm in gold, now equal to between eight and
nine per cont. In currency. The PRINCIPAL IS tSes
payable IN gold. If bond with such guarantees
were issued by the Government, its market price
would not be less than from % to IS Der cont pre-
MUM. As these bonds issued under Govern
ment authority and supervision upon what in
very largely . Government work, they must ulti-
matfly approach Government prices.
TIE price for the present is PAR
Subscriptions will be
RECEIVED IN WASHINGTON, BY
First National Bank.
Eittenhouse, Fowler Il Co.
and in New York
At the Company's Office, No. 20 Nassau
John J. Cisco & Son. Bankers, No. SO
Wall Street,
And by the Company's advertised agents through.
out the United States.
Bonds sent free, BAT parties sxJsribing through
local AGENTS triH look to them for thsir safe de.
liuery.
NEW PAMPHLET AND MAP WAS Is
SUED OCTOBER 1sr, containing Q report of the
progress Of the work to that date, and more CON-
Dlete statement In relation to the value OF the
bonds than can be given In an advertisement,
which will be sent free on application at the Com
panys omces, or to any of the advertised agents,
- The Coupons Of the First Mortgage Bonds of
the Union Pacific Railroad Company, due Janu-
ary lst, 1859, viii be paid and after that date,
IN GOLD CoIN, free Of 0overpmsnt tax, at the
Compsny's ONCE, No. % Nassau street, New
JOHN J. CISCO, Treasurer. New York.
december 18TH 1868. de2i 6w