Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-25
THE UNION PACIFIC RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILES
Of the lire West from Omaha completed,
and the work is going through the " inter
AZ the distance between the finished portion q
the Union and Central Pacific Railroads 10 nos
lees than 900 miles, and both companies are push
ing forward the work with great energy, employ
ing over 80 o. ner, there can be no doubt that IN
whole
GRAND LINE TO THE PACIFIC
Will be open for Business i'm the SUM a.r OF
1863
The regular Government Commissioners have
pronounced toe onion Pacific Railroad be
Commission appointed by the President says:
Taken &C . whole. THE UNION PACIFIC
RAILROAD Has BEEN WE'LL CONsrRUCr-
I'D, AND THE GENERAL ROUTE FOB rHE
LINE EXCEEDINGLY WELL SELECTED.
The energy and perseverance with which the work
has been urged forward, and the rapidity with
which IL has been executed without parallel IN
history, and in grandeur aud magnitude Of under
taking az has never been eaI.ised.' The Roport
concludes BY saying that the .uatry has res
sen TO congratulate itself that this grea; WORK
of national importance is so rapidly approach
ing completion un1er such fsvsrsOle auspices
The Company now have in Is locomotives sui
nearly 90 cars Of ell descriptions large addi-
tonai luipment 10 ordered 20 be ready in the
Spring. The grading 10 nearly com petea, and ties
distributed for IL miles in advance 81 the western
end OF the track, Fully In milee Of iron Tor the
new track are now delivered west Of the Missou-i
River, and ~ miles more are - .Oufs. The t0tAi
eIper ditures for con truction purposes in
Of the pleted portion of the road than
eight million dolls-s.
Besides . donation from the Government OF
L. Acres OF land per mile, the Company - en-
titled 10 q subsidy I'm [. 3. BONDS on its line a.
comPleied and excepted, At the Average rsfe 81
about So 90 per mile. riding tptse difficulties
encountered, for which the Government takes a
second lien ss security. The Company have Al
ready received S:i rs 90 OF this subsidy being in
fell on the a4U miles that have been examined -
the Cuited states Commissioners.
GovkRhMENT AID.sECURITY OF THE
BONDS.
By lie charter. the Company IL permitted 20 is-
to own FIRST MORTGAGE BONDS 20 the
same smount the Cover nnent bon ant ~
NOR. These Bonds . First Mortgage upon the
whole road and all Its egui pments. such a mort
gage upon " hat, for . long time, will be the only
| railroad connsctins the Atlantic and Pacific
States, takes the highest ank q safe security
| The earnings from the way or local business for
the year ending June 81. ISIS, average Of 40
miles. we're over FoUR MILLIoH DOLLARS
which, after paying ell expenses, were much more
than sufficient 60 cover oil interest liability upon
| that distance, and the esnines Of the last Eve
4 months have been o9,sss so. They would have
utmost capacity 20 transport its materials for
construction. The income from the great passenger
the China freights, and the supplies for the
| new Rocky Mountain States and Territories must
A
No political action reduce the rate OF interest
II must remain for thirty yesrs-sir pe- oeur p,r
amsEn sOlS, now equal 20 between eight and
nine per cent. In currency. Ia. priactpal rs AN
! payable an gold. IL bond with such susrspte..
| were issued by the Government, tt market pre-
would not be lees than from 20 to - per cent or.
MUM. A. these bonds are issued under Govern
ment authority and superyisioa, uDou what 10
| very largely Government work, they mus, ulti-
mateiy approach Gov-romsnt prices.
4 ha for a.
Subscriptions will he
| RECEIVED II wasHISsrox, BY
| First National Baak.
| Rittenheuse, Fowler a. Go.
and in New York
At The Gempany's Office. No. 20 Nassau
street.
John J. Cisco a Son. Bankers, No. SO
Wall street.
And by the Company advertised agents through
out the United States.
Fosds sent free, bss parties ssssoyis,nr fkyexeA
| local as.nfs riH look them fOr tlss, ss d.
| lireyy.
A NEw PAMPHLET AHD NAP WAS Is
SUED 0Of0BBR lsr, containing . report OF tho
progress Of the work % that date, and more COM
Dlets statement In relation 20 the value Of Tn
| bonds than can be given in advertisement
which will b sent free application at the Com
\ Dany y o0ces, or 20 any OF the advertised aeeuts
| - The Coupons q the rirst Mortgage Bends OF
l the Union Pectns Railroad Company, cue jam
sy lss, 1858. win be Dsid on end aftsr that date,
IN Con CoIs, Tree Of oovsrnnsnt taz. &C the
osaDanys once, No. 70 Mssssa street. Nee
York.
JOHN J. CISCO. Treasurer, New York.
psoeubsr 18Th, Isss. ts2Is