Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-22
the UNION PACIFIC RAILROAD COMPANY
OFFER A LIMITIp AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.


NINE HUNDRED AND SIXTY MILES
OF the line Wet from Omaha are nov completed
and the work 10 going through the Winter
AZ the distance between the finished portion O
the Union and Central Pacific railroads 10 nov
less than 80 Dilee, and both companies ere push
ing forward the work with great energy, employ
ing over 0ypo men, there can be no doubt that the
whole
GRAND LINE TO THE PACIFIC
Will be open for Business i'm the Summer Of
1863.
The regular Government Commissioners have
pronounced tue Union Pacihs Railroad 20 be
FIRST CLASS in every respect, and the Soecia
Commission appointed by the President says:
Taken as . whole. THE UNION PACIFIC
RAILROAD HAS BEEN WELL coSsTRUCT-
BID, AND THE GENERAL ROUTE FOB TIE
LINE EXCEEDINGLY WELL SELECTED
The energy and perseverance, with which the work
has been urged forward, and the rapidity with
which 10 he's been executed are without parallel IN
history, and in grandeur and magnitude Of under
taking IL has never been equalled." The Rsport
concludes by saying that the country has req
sen TO congratulate itself that this great work
OF national importance 10 rapidly approach
ing completion under such favorable ausefcs<.p
The Company now have in use lS Locomotives ana
nearly loo sof ell descriptions. large adj
tional Equipment 10 ordered to be ready in the
Spring. The grading 10 nearly completeA, and de-
distributed Tor l1milee in advance 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 - mfles more rous. The total
e1per ditures for Construction purposes in advance
OF the completed portion Of tire road h not lees than
eight million dollars.
Besides . donation from the Government Of
l2-So acres Of land per mile, the Com pany IL en-
titled TO Q subsidy IN L. o. Bonds on lite line ~
completed and excepted, st the average rate Of
about 90 600 per mile. rdins 20 the al cu
encountered, for which the Government take, q
second lien - security. The Company have al
ready received S24 O7sOoO Of this subsidy being in
full on the 80 miles that have been examined ~
the Cuited states Commissioner
CONVENIENT AIDxsLcURIrT OF THE
By ifs charter. the Company 10 permitted 70 is-
sue to own FIRST MORTGAGE BONDS TO the
same amount as the Government bonds, and no
mor,. These Bonds are First Mortgage upon the
whole road and all its equi pments. such . mort
gage upon what, Tor . long time, will be the ouly
railroad connecting the Atlantic and Pacific
States, takes the highest rank Q safe security,
The earnings from the var or local business for
the yesr ending June %, 1855, on sa average Of a.
miles. were over FoUR MILLIom DOLLARS,
wn,ch, ener paying Gil expenses, we're much more
than sumcaent 20 cover ell interest liability upou
that distance, End the ssrninss Of the lass ave
months have besu o.. 10 so. Thor would have
bssn eFsaeos ~ the rod had not been taxsd to I'm
utmost capacity % transport IN materials for
construction The income froo ths great psa,euser
travel the China frsiehts ana the suppliss Tor tn
new Rocky Mountain States and Territories mat
b ample for I'll interest and ether nabflyese.
No Doeltcal action reduce the rats Of tnfere.t
IL m1st remain for thirty yesrs-six psr os.f. :, !,
asssm IN sold, bow esual 90 bstveen sisht ana
nine Der osat IN currency. Te yrisessaf Z, "a.
payable 10 gold. lie bond Win such suar,ns...
we're issued By he oovsrnasat, IL nsrhee rio
would nos b - tAan fr0m - % . ~ csut ore
nisn. A thsss bosds srs iousd unAse Govern
nsot authority sn1 saDsevisiea. uDoa vhas ss
vssy ieresb . Government work, they msst ult-
Dsssly approach 0ovsrnnsus prices.
The prios for the prsssst 10 PAT.
Subscriptions Win be
RECEIVED - wAsHINsrox. By
First National Bank.
kissenhssse, Fowler 4 &c.
and in New York
A. the Company Office, Ne. 20 Ns..a.
.x, ssrset
Jsha ,. Cisco 4 Sen. Banker., Ne. 80
Wall Street.
And by the Company advertised sssuss through.
ost ~ Unite1 osasss.
Boads scar free, bed parties ssbsoy,si.s ta,oxs.
loos! agents ril loek 60 fAem tu Assr sac Do
iirery.
NEW PAMPHLET AnD nap WAS Is
SUED 0Of0BBR lsr, oontainine rvpovt Of the
progress q ths vork 70 that asss, ca Q nsrs com
Issse seossosns N relation 10 the vslue q the
bonds thAn can b given In In slvsrs1esuspt.
which YIN - ssns me- % aDDllessioa e u Com
Dany o0oeo. or 70 any 81 IL advsrtiss6 as,.s.-
- The Osapsns q ~ First Morteses Ben6s Of
the Ustea recaas 1ailrsa1 ooaDany, Que jam
arg LIST. lsss. Win Be- paid 90 snA sssr shss Zee,
~ ooID Corr, me- q 0ovsrunsrt tn. a shs
oo.pssys s0ss, Ne. . Hsss.s ssr.ss. uss
York.
JeHNJ. cisco. Treasurer, SswYsr
0sosoe9 Mo- ~ ssz,Ss