Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-21
THE UklOR PACIFIC RAILROAD COMPANY
OFFER LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
Ar PAR.

NINE HUNDRED AND SIXTY MIEEe
Oi the line Wet from Omaha are now completed.
and the work is going through the Winter
As tie distance between the finished portion o
the tuion ana Central Pasihc Railroads 10 now
lees than 40o miles, sLd botA companies are push
ing forward the work with great energy. employ
ing over 30 o. nef, there be doubt that the
whole
GRAND LINE To THE PACIFIC
Will be open for Busine - i'm the sam mer OF
The regular Government Commissioners have
pronounced tie Union Pacific Railroad 10 be
FIRST CLASS in every respect and the Special
Commission appointed by the President says:
'Tsken n whole. THE UNION PACIFIC
RAILROAD Has BEEN WELL CONSTRUCT
Ed, AND TIE GENERAL ROUTE FOB THE
LINE ENCEEDISGLY WELL SELECTED
The energy and perseverance, with which the work
has been urged forward, and this rapility With
which IL has been executed witAsut parallel In
history, and in grandeur ami magnitude Of under
taking il has never been equxlled.'' The Repor.
concludes by saying ID q 1.-The country has res-
sen to congratulate itself that this .rest work
Of national importance 10 so rapidly approach
ing completion under such favorable auspice~
The Company now have in lS Locomotives ara
nearly 200 cars of al descriptions Lars &c adj
uoDal Equipment 10 ordered 10 be ready in tluB
Spring. The grading is nearly com petes, and ties
distributed for l21 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 Missouri
River, and ~ miles more ~ TONfs. The total
expe ditures for construction purposes in advance
OF the completed portion Of the road is not less than
eight million dollars.
Besides a donation from the Goverpment n,
la 0 acres Of land per mile, the Company is en-
titled TO a subsidy I'm L. i. Boncs on it's line a.
oOmplefed and excepted, at the average rate of
about ga 90 rer mile riding the dificuties
encountered, for which the Government takes a
SECOND lien security. The Company have al
ready received S24 as o. of this subsidy being IN
full on the go n.iks that have been examined hy
the CuIted states Commissioners.
GoVLRshENr AID-sECURITY OF The
BOSDs-
By its charter. the Company is permitted 10 ia
sue 70 own FIRST EoRTGaGE BONDS to the
same amount the GOyernasLt bonds and no
NOR. These Bonds are 8 First Mortgage upon the
whole road and all its e4ui pB-nts. such a mort
gage upon " hat, for iouc time, will be the only
railroad connecting the Atlantic and Pacihc
States, takes the highest rank q safe security
The earnings from the way local business for
the year ending juno 30, 1858, on IN average Of az
miles, were over -FOUR MILLIoH DOLLARS,
which, after paying all expenses, we're much more
than sufficient 20 cover ell interest liability upon
that distance, and the earnings Of the last i've
months have been oa.sss.7o. They would have
been greater n the rosd had not been taxed to frs
utmost capacity 20 transport its materials for
construction. The income from the great passenger
travel the China freishts, and supplies for thu
new Rocky Mountain States and Territories mpst
be ample for ell interest and ether liabilities
No political action can reduce the Of interest
IL nust remain for thirty years-six per cesf Or
ansEm an gold, nov eausi to between eight and
nine per cent. In currency. TAe priaciyaf as tk,s
payatI. ~ gold. lie bond with such guarantees
were Issued by the Government, tts market price
would not be lees than from 70 to 8 Der cent ere
MUM. As these bonds ere issued under Govern.
mens authority and supsrvision. upon vhst A
very largely oovernmsnt work, they must ult-
nessiy approach Governnent prices
The Dlios Tor the present. 10 PAB.
Subscriptions will be
RECEIVED ~ WASHINGTON, By
Fret National Bank.
Rittenhease, Fowler n &c.
and in New York
Al the CsnPany's office, Ne. 20 Nassas
street,
Jshn ,. Cisco 4 Sen. Bankers, Ne. 80
Wall street,
And BY the Company advertised agents through.
cot the United 0sasss.
Bosds s~f J,s,, Bet parties ssbs-sbias tlyoxrL
local Arrests wiH look 60 fsem for tiet, saJ, d,-
F., lire,y.
A NEW PAMPHLET Aup NAP wAs Is
SUED OCfOBBB 1sr, oontainine 0 re- port of the
Droersss Of the work 20 that dsss, end Q nsrs con.
! Dlete statement In relation 10 the vslue q the
bo0d0 than can Be given I'm IN sdvert1ssmspt
which yin b sent frss spplicaSlon 90 t. Oou-
1 psnyS e0css. or to any Of the advertised sesuss
~ The Ooapons Of the Firvt nortgaes nepds Of
| the Union PactAs RailroaA Company, due jam
ary LIST. isss Vim be psid On and afssr thss Ssse,
IN Con- CoIS, frss of oevsrnasut tax, e tbs
| 0onDenyb once, No. - nsssaa street. Msu
York.
JOHN }. cisco, Treasurer, New YORK.
pspsnbs9 Nh, yS0. ssusv