Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-13
q Z RR Al A0E ENcY
THE UNION PACIFIC RAILROAD COMPANY
oFFEB A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILEs
Of the line Weet from Omaha nov completed,
and the work is going on through the Winter
AZ the distance between the finished portion o
the thion and Central Pacific Rail roads 10 nov
lees than 100 miles, and both companies ere push
ing forward the work with great energy. employ
ing over 80 Oco nes. there can be doubt that the
whole
GRAND LINE TO THE PACIFIC
Will be open fer Businessi i'm the Sum mer Of
1863.
The regular Government Commissioner nav.
pronounced the Union Pacific Railroad 20 be
FIRST CLASS in every respect, and the specisl
Commission appointed by the President says:
Taken as Q whole, The UNION PACIFIC
RAILROAD HAS BEEN WE'LL CONSTRUCT
I'D, AND TIE GENERAL ROUrE FOB THE
LINE EXCEKDISGLY WELL SELECTED.
The energy and perseverance, with which the vork
has been urged forward, and the rapidity with
which it has been executed without parallel IN
history, and In grandeur and magnitude OF under
taking it has never been equalled.n The Repors
concludes by saying that 1.-THE country has rec
son TO coperstulste itself that this great vOrk
OF national importance 10 90 rapidly approach
ing completion under such favorable auspices
The Company now have in lS Locomotives and
nearly 2 900 cars Of ell descriptions A large adj
tionsl Equipment 10 ordered to be ready In tne
Spring. The grading s nearly com pleted, and sies
distributed for IL miles in advance Of the western
new track are now delivered west Of the Missouri
River, and 81 miles more are en ropfs rhe totsi
expe ditures for n.truction purpose in sdytnce
OF the completed portion Of the road Is ess thau
eight million dollars
Besides a donation from the Government O,
2s0 acres OF land per mile, the Company is en-
titled to q subsidy In L. 4. Bonds on its line ..
Completed and excepted, at the average rs.e @,
about go 900 per mile riding the ties
encouniered, for which the Government takes 9
second lien ss security. The Contrary have a
ready received s24 J75 100 of this subsidy bfnc 81
fnil on the a40 miles that have been examine =
the CuIted states Commissioner
GOVERNMENT AID-sECURITY OF THE
BONDS.
By its charter, the Company is permitted % i.-
sue to own FIRST MORTGAGE BONDS 60 the
same amount as the Cover anent bonds ant a.
Rors. These Bonds are = First Mortgage upou the
~hole road and all Its equipments. such a mort
gage upon what for = long time, will be the only
railroad connecting the Atlsntic aud Pacific
states, takes the highest rank a safe security
The earnings from the way OF local busipe-. for
the year ending June 80. 1858, on average Of az
miles. were over FOUR MILLION DOLLARS
which, afIer paying all expenses, were much more
than SUFFICIENT 20 cover ell interest liability upon
that distance, and the earnings Of the last 6xe
months have been o. $3.50. They would hsy.
been greater II the road hsd not been taxed TO trs
utmost capacity TO transport its own materials for
construction. The income from the great passenger
travel, the China freiEhts, and the for the
new Rocky Mountain States and Territorie. mp.,
be ample Tor all interest and other liabilities
Ne political action reduce the rate OF fnterest
III must remain sor thirty years-sir p.- oen;. p.l
ansHn 'H sold, nov equal TO between eish. end
nine per cent. In currency. TAe pT,nctpal Is AN
payable M gold, lie bond with such guarantees
sere issued by the Government, its market price
souid not be less than from % to 2s per cent pre-
MUM. As these bonds ere issued under Govern
nett authority and superyision, upon What 10
very largely Government work, they must ult-
lately approach Government prices.
Tie Price for the present lie Par.
Subscriptions will be
RECEIVED IN WAsHIssroS, By
First National Bank.
kittenhoase, Fowler Go.
and in New York
AT the CsmPsny's Office, Ne. 20 Nassau
John }. Cisco 4 Ssn. Bankers, Ne. 80
Wall Street.
And by the Com sspyS sdvsrtised ageno throueh-
out tbs United etAsss.
Bo~ds s,rt Sy,s, 6~f parties ssssvibiss tSyo.ss
iocal agents wiH Took 20 taem for tieir saC de-
itcuy.
NEW PAMPHLEf ANp NAP WAS Is
SUED oof0BsR lsr, containing Q report Of m.
prosress Of the vork b that q af.' s.S . -
plete ssetsnens N relation 20 the value al m.
oonos tnse csn be given I'm On advertisement.
which VII Be sent Tree on spplfcatso. Al ~. g..
psnys o"oes, or 10 any OF the sdvsrti,ed sesne.-
- The Coupons Of the First nortr.ee R.,s. a,
tine Union Pacific Railroad Oompany. due Ian
.y lss' isss Win be psid oa and sfssr that Sste.
~ SoLD CoiN, free Of ooverpnsnt tax, q the
vonpenys once, No. ~ usssau street, Nev
JOHN ,. CISCO, Treasurer, New y.,l.
Decent<r 18th, lsss. AN,