Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-27
THE UNION PACIFIC RAILROAD COMPANY
oFFKR A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILES
VI the line Wet from Omaha are nov completed,
and the work 10 going on through the Winter
As the distance between the finished portion o
the Union and Central Pacific Railroads 10 nov
less than 900 miles, and both companies ere push
ing forward the work with great energy. employ
ing over 30 ,0oo men, there be no doubt that IN
whole
GRAND LINE To THE PACIFIC
Will be open fer Bnsiness in the ssmner o.
1868.
The regular Government Commissioners have
pronounced the Union Pacific Railroad % be
fIRsT CLASS in every respect. and the Special
Commission appointed By the President says:
"rsken 40 . whole. THE UNION PACIFIC
RAILROAD HAS BEEN WE'LL CONsrRUCr-
I'D, AND THE GENERAL ROUTE Fos rag
LINE EXCEEDINGLY WELL SELECTED
The energy and perseverance, with which the work
has been urged forward, and the rapidity with
which ft hes been executed are vithsut parallel In
history, and in grandeur and magnitude Of under
taking IL hes never been equslied.n The Report
concludes By saying that 1.-THE Country has rea-
son 20 congratulate itself that this great work
Of national importance is rapidly approsc h-
ing completion under such fsveraOle auspices
The Company now have in lS LOCOMOTIVES and
nearly 400 cars Of I'll ptions large aadi-
uonal Equipment 10 ordered TO be ready in the
Spring. The grading 10 nearly com pletea, and ries
distributed for 10 miles i'm adva Of the western
end Of the track, Fully 10 miles OF iron for the
River, snd 81 miles mere are r0hie The total
eHpei ditures for struction pu-pC in Isance
of the completed portion Of the road less than
eight million dollars.
Besides donation from the Government OF
Rso acres Of land per mile. the Company IL en-
titled TO q subsidy In L. b. Bonds on ice line a.
completed and excepted. at the average rate Of
about S2s 90 per mile ding the lties
enoou lor "nien the 'osernment takes .
second lien - security. The Compsny have al
fssny received 90 0eoo OF this subsidy. being in
Inh on tne e40 nihs thai have been e. aminsd ~
the lnted states Commissioners.
CONVENIENT Atp-syCuRtry or rur
BONDS.
BY lie charter. the Company IL permitted 20 is
sue |" own flhsr hokTSAGk BONDS 20 the
same smount as the Cove: nnrnt bonds. aa4 no
gage upon what, for . long time, will be the only
railroad connecting the Atlantic aud Pacific
STATES taxes the highest fsnk ~ safe security.
. nee.nass rom tne way or local ouspess for
n;,s. vs,s o., rnue MiII1os nos..s
which, sf,er paying al expenses, we're much more
than suRciept 10 cover All intersst li.hi,,x 49,,
thas distance, end the esruius, Of the Last AZ
months have bssn ossss So They would have
been greater n the rod hsd not been saxed TO fss
utmost capacity 70 transport its own asssrials for
construction. fheincons from the great passenger
travel the China frsehts. and the supplies Tor Ne
new Rocky Moentsan etatss and Territories must
be ample for ell interest and other liabilities.
No political action can reduce the rsts Of interest
IL must remean Tor thfr0 years-six po osnf Pc
asssDs in sold, Bow sqasl 20 bstsssa eight emo
nine Isr cent In currency. nesrfseipel is ,les
payable ia sold. lie bond with such eus-.nt.ss
yer. Issued By the so,sr.nen,. its n..s.. price
mum. a. ths.. bond. !, e 49, "a, cen. pre-