Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-26
THE UNION PACIFIC RAILROAD COMPANY
OFFER LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
Al PAR.

NINE HUNDRED AND SIXTY MILES
vi the line Wet from Omaha are nov completed,
am the work 10 going on threusL the Winter
As TIE distance between the finished portion @
the Union and Central Pacific Railroads 10 nov
less thar 900 miles, and both oOmpan are push
ing forwarf the work with great energy. employ
Ing over 81. CO. nee, there eau he no doubt that th
whole
GRAND LINE TO THE PACIFIC
Will be open for Business in the Sumner of
1863.
The regular Government Commi ssioner. have
pronounced the Union Pacific Railroad 20 De
FIRST CLASS in every respect, and the Special
Commission appointed by Tie President says:
"Tsken as . whole. THE UNION PACIFIC
RAILROAD HAS BEEN WE'LL CONsrRUCT-
I'D, AND THE GENERAL ROUTE FOB rHE
LINE EXCEEDINGLY WILL SELECTED
The energy aud perseverance with which the WORT
has been urged forward, and the rapidity With
which IL has been executed are without parallel Ia
history, and in grandeur and magnitude Of under
taking IL has never been equsIIed." The Rsport
concludes by saying that the country has res
con TO copsratulste itself that this great work
OF national Importance il rapidly approach
ing completion under such favorable au.pices
The Company now have in lS locomotives and
nearly 200 carsof ell descriptions. A large adj
tional Iutpment 10 ordered 20 be ready in the
Spring. The grading 10 nearly com pletea, and tie
distributed for IL miles in sd Of the western
end OF the track, Fully In miles Of iron for the
new track are now delivered west Of the N issouri
River. and ~ miles more rOuIs. The total
eNper dtures for instruction purposes in acvance
Of the pleted portion Of the road e not less than
eight million dollars
Besides a donation from the Governnep, q,
Ia Acres Of land per mile, the Company T. en-
titied TO q subsidy I'm L. &. Bonds on its line A.
completed and excepted, ct the average rae of
shout ) % coo per mile riding Dtke difculties
encountered, for which the Government takes n
second lien ss security. The Compsny have a.
ready received So O5s Of this sutsidy being in
In III oflf ffl an IL q 4
the CuIted states Commissioners.
GoVkRNMENT AID-sECURITY OF TIE
BONDS.
BY iis charter. che Company IL permitted 10 is
sue to own FIRST MORTGAGE BONDS TO the
same amount the Government bonds rad n
NOR. These Bonds are Q First MOrtgas- upon the
whole road and all its upments such mort
gage upon what, for q long time will De the only
railroad connecting the Atlantic aud Pacific
States, takes the highest rsEk a safe security,
The earnings from the way local bushes. fsr
the year ending June 81, 1855 on an average Of o.
miles. were over FoUR MILLIoN DOLLARS
which, after paying all expenses. much more
than sufficient TO cover ell interest liability upou
that distance, and the earnings Of the last i've
months have been o2S36s7o. They would have
been greater n the ros1 had not been taxed TO frs
utmost capacity 20 transport lie materials for
construction. The income from the great passenger
travel, the China freiGhts aud the supplies for she
new Rocky Mountain States and Territories must
be ample for ell interest and other hsbilitte.
No political action can reduce the OF interest
II must remain for thirty years-six psr ee.t. o.,
aHaNn IN gold, bow equal 20 between eisht ana
nine per cent. In currency. Ia, p-iacspaI 4. ,s.,
payable - sOld. IL bond with such guarantees
| we're issued BY the Government, It's market prto,
would not be less than from - 70 Is Der cent ore
I MUM. AZ these bonds issued under Govern.
4 nens authority and supervision upop vL.t n
very largely Government work, they must ulu-
pafely approach GoyernDent prices
The Diios for the present IL Par
Subscriptions will be
RECEIVED II WASHINGTON, BY
First National Bank.
Rittenhouse, Fowler a. 20.
and in New York
. Al the Cempany's Office, No. 20 Nassas
.spr street.
John }. Cisco 4 Son. Bankers, No. -
Wall Street.
And by the Company advertised agents through
| out the United States.
| Bonds sent Jyse, bH parties ssIScyiBsss tS,oss.
local agents WiH look 60 them for sLsty sal, de-
liroy.
NEW PAMPHLET AHD MAP WAS Is
| SUED 0CroBBR lsT, containing report of the
progress Of the work 10 that date and more com
pists statsoent In relation 20 the value Of n.
bosAs than can Be given In an sdvertissusu,,
which VII Be sent NE on Application st The Ooa-
4 Danyh o0ces, or 70 any Of ths odvertissd sesusu
- The Coupons Of the First nortsspsoru0 Of
the Union Pacific Railroad Company, Due jena.
arr lst. 1853, vim Be paid on and amer that dsss
| II GoLp Corr, free Of Governmsnt sax, @ the
0snDsnys once, No. % Nssssa street, Ns~
| York.
JOHN J. cisco, Treasurer, View Ysrs.
psssnssg kts, ,se. sszss