Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-23
THE UNION PACIFIC RilLRoAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILES
OF the line Wet from Omaha are now completed,
and the work is going on thrsueh the winter
As the distance betwee- the finished portion o
the Union and Central Pacific Railroads 10 nov
less than 900 miles, and both companies are push
ing forward the work with great enerss, employ
ing over Coz ner, there can be doubt that IN
whole
GRAND LINE TO THE PACIFIC
Will he open for Business i'm the summer o.
1869.
The regular Government Commissioners have
pronounced the Union Pacific Railroad TO be
FIRST CLASS in every respect, and the Special
Commission appointed by the President says:
"Tsken Q whole. THE UNION PACIFIC
RAILROAD HAS BEEN WE'LL CONSTRUCT
Ed, AND THE GENERAL ROUTE FOR THE
LINE EXCEEDINGLY WELL SELECTED.
The energy and perseverance with which the wort
has been urged forward, and the rspidity With
which IL has been executed without paralel n
history, and in grandeur and magnit Of under
taking it has never been equAlled." The Report
concludes BY saying thst 1.-THE country has res-
son to congratulate itself that this great work
Of national importance 10 SO rapidly approach
ing completion under such favorable auspices
The Company now have in use ls7 locomotives anc
resry eco cars of al descriptions. large addi-
uonsl Equipment 10 ordered to be ready in the
Spring. The grading 10 nearly completed, and tie,
distributed for l3e miles in advance of the western
end OF the track, Fully In miles Of iron for the
River. and 30 miles more are en- ,ont, The total
exper ditures for const action poses in advance
OF the completed portion VI the IL less than
eight million dollars.
Besides donation from the Government OF
R.sOacres Of land per mile, the Company is en-
titled TO Q subsidy IN U. Z. Bonds on lite line ss
completed and excepted, at the average rate Of
about SO 600 per mfle rdin totke difficulties
encountered, for which the Government takes q
second lien security. THE Company have al
ready received So J75ooO Of this subsidy being fr
full on the $50 miles that have been examined ty
thu Cuited states Commissioners.
CONVENIENT AID-sICURITY or THE
BONDS.
By its charter. the Company is permitted 10 rs
sue to own FIRST MORTGAGE BONDS to the
same amount the cover invent bonds. aaf ~
more. These BONDS q First Mortgage upon the
whole rCad and all its equipments. Such = mort
gage upon what. for q long time, will be the ONLY
railroad connecting lbs Atlantic and Pacific
States, takes the highest snk Q safe security
The earnings from the wag local busipess for
tie year ending June 81, 1858, on average of AZ.
miles, were over -FOUR MILLION DOLLARS
which, after paying ell expenses, we're much more
than sufcient 20 cover ell interest liability upon
that distance, and the earnings Of the last i've
months have been oa-sss.ao. They would have
been greater n the road had not been taxed to fss
utmost capacity 60 trans fts materials for
construction. The income from the great passenger
travel the China etRhts, and the supplies for the
new Rocky Mountsin States and Territories must
lie ample for ell interest and ether liabilities
No political action reduce the OF interest
Ii must remain for thirty years-siz yer cenr p.v
aRsxn sold, nov equal 70 between eight ana
nine per cent. in currency. The prsac,yaI as tas.
payable ~ gold. na bond with such guarantees
we're issued by the Government, its market prtce
would not be les than from % to s Der cent rre
MUM. As these bonds ere issued under Govern
mens authority and supervision, uDon What 10
very largely s0overnment work, they must Ole
mafely approach Government prices
The Price Tor the present 10 PAR.
Subscriptions viii be
RECEIVED IN WASHINGTON, BY
First National Bank.
Rittenhouse, Fowler L. Co.
and in New York
At the Company Office, No. % Nassao
Street,
John }. Cisco a Son, Bankers, No. 50
Wall Street,
And by the Compsnys advertised agents through
out the United States.
Bonds sent free, bxf parties ssbscri5ias sarosss
local agents rtlI look 90 fAsm JOT thsH sal, De-
lireTy.
NEW PAMPHLET AND MAP WAS Is
SUED 0oT0BkR lsT, containing . report OF tho
progress Of the work 10 that date. and more com
plete statement IN relation 90 the value Of the
bonds than can be given In advertisement
which will be sent free application at the Oom-
psnys ofhces, or TO any Of the advertised agents
- The Coupons Of the Fret Mortgage Bends OF
the Union Pacific Railroad Company, due yanu-
arg let, 1853, viii be paid aud sfter that date,
| IN GOLD Cox, free Of Government tan, &C the
company's once, No. 20 Nassau street, New
York.
JOHN J. Cisco, Treasurer, New York.
December 18th, lses. sesi.ss