Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-14
THE UNION PACIFIC RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.
NINE HUNpREp AMID sIxrY mike

NINE HUNDRED AND SIXTY MILKe
vi the line Wet from Omaha are nov completeS,
and the work is going on through the winter
As the distance between the finished portion o
the eniOn aud Central Pacific Railroads 10 nov
lese than 900 miles, aud both companies are push
ing forward the work with great energy employ
ing over 80 0oO nes, there be no doubt that the
whole
GRAND LINE To THE PACIFIC
Will be open for Bu.inessin the suaser Of
1863.
The regular Government Commissioner. hs,.
pronounced the Union Pscihe Railroad 60 be
FIBsT CLASS in every respect, and the specisl
Commission appointed by the President says:
Taken as . whole, THE UNION PACIFIC
RAILROAD HAS BEEN WELL COSsrRCCr-
I'D, AND TIE 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 it has been executed without parallel In
history, and In grandeur and magnitude OF under
taking it has never been equAlled.n - The Report
concludes by saying thst ''the country has rec
con 70 congratulate itself that this great work
OF national importance 10 rapidly approach
ing completion under such faverable auseices'
The Company now have in use iS7 Locomotives and
nearly 2ooo cars of all descriptions. large sddi-
uonal Iufpment 10 ordered TO be ready in the
Spring. This grading is nearly com pleted and sse-
distrfbuted for l30 miles in I'd OF the western
end OF the track. Fully I'D miles OF iron for the
new track are now delivered west Of the Missouri
River. and 20 miles more ~ roV,, The total
eHper ditures for con,truction purpo advance
OF the completed portion Of the road than
eight million dollars
Besides donation from the Government of
l2-s 0 acres Of land per mile, the Company is en-
titled TO q subsidy in L. 3. Bones on lis line a.
completed and excepted, at the average rate of
about S2g 600 per mile. riding tOtke dificutie-
encountered, for which the Government takes .
second lien IS security. The COmrany have a
ready received s24 J7s.0o0 Of this subsidy being
iull on the 9iO miles that have been en- .minec y
the Culted states Commissioners.
CONVENIENT AIDxSsECURIrY OF THE
By its charter, the Company is permitted 10 is
sue 70 own FIRST M0RTGAGE BONDS to the
same smount the Cover nnent boads aaa a.
more. These BONDS are First Mortgage upon the
whole road and all its equipments. such a mort
gage upon what, FOR q long time, will be the only
railroad connecting the Atlantic and p.cise
states, takes the highest rank as a safe security
The earnings from the way local business for
the year ending June 3D. 1858, on On average of AZ.
miles, were over F0UR MILLIoN DOLLARS
than sufficient 60 cover ell interest liability upop
that distance, and the sornines Of the lset i've
months have leen % ,ss SO. They would have
bee0 greater II the road had not been tsxed to A.
utmost capacity TO transport lie materials for
construction. Theineome from the great psaseoe.r
travel the China freights and the sup,lies for th
new Rocky Mountain States aud Territories must
be ample for ell Interest and other habtlitie,
No political action reduce the rate OF tutere.t
Ii must remain for thirty years-sir pey csss. o.,
dssUm IN sold, nov equal to between eiaht ana
nine Der cent. in currency. Tae pyiactpal a, "a.
payabl. IN cold. II bond win such suarapsss.
we're issued BY the 0overnnent, its market prtoe
would not be les than from 20 to q Der cent ore
MUM. As these bonds ere issued under Govern
mens authority md supervision, upon What 10
very largely 0overnmsut work, they must ult.
mately approach Goverunsnt prices
The price for the present ID PAR.
Subscriptions will be
RECEIVED - wAsHINsroN. BI
First National Bank.
Rittenhesse, Fowler Co.
and in New York
Al the Company Office, Ne. 20 Nassau
Street.
John J. Cisco 4 Sen, Baskers, Ne. so
We'll Street,
And BY the Companys sdvsrtissd agents through.
out the United States.
Bosds sent free, Bet parfses sstscribisr tS,c..rs
local AGENTS miH Iook 90 tken yor fA,i, ,as q
lirery.
A NEW PAMPHLET AnD NAP vas H.
SUED oCfOBbB lsr, oontsiaine Q report Of a.
plsts sssssosst 10 relation % The vsl,s - ~.
bosSs shse con BE- given IN en- sdverti.s-s.,
which viIl b sent frss On Application - - Co.
psny y enoss, or 10 aay Of The sdvsrti,s1 49,,
Ine 0eslsss Of the First nertesee be,Asss
the Union Psctne RailrosA ooupany ~ I..ss
aU .1, 1853, Win Be psid on end sfssr shss 49,.
.s eoLp cois, frss of oevsrunsnt ssx. n eAe
0onDeays s0ce, No. - Use.e. ss-..e -
Yerk.
JOHN J. cisco. Treasurer, New Vera.
pssssbsr lssA. isa. An A.