Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-15
THE UNION PACIFIC RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.
NINE BUNDRED AND SIXTY MILES

NINE BUNDLED AND SIXTY MILES
Of the liEe West from Omaha are nov completed.
and the work Is going Through the Winter.
As the distance between the finished portion o
the Enion and Central Pacific Railroads 10 nov
lees than go miles, ard both companies are push
ing forward the work with great energy, employ
ing over so.ooo ner, there be doubt that the
whole
GRAND LINE TO THE PACIFIC
will be open for Business i'm the Summer Of
1859.
The regular Government Commissioners have
pronounced the Union Pacific Railroad 90 be
FIRST CLASS in every respect, an6 the Special
Commission appointed By the President says:
'Taken . whole. THE UNION PACIFIC
RAILROAD HAS BEEN WE'LL C0RsrRUor-
I'D, AND THk GENERAL ROUTE FOB THE
LINE EXCEEDINGLY WE'LL SELECTED.
The energy and perseverance with which the work
has been urged forward aud the rspidity With
which 10 he's been executed are witheut parallel IN
history, and in grandeur and magnitude Of under
taking it has never been equAlIed." The Report
concludes by saying that 1.-The csuutry has rea-
son TO congratulate fteelf that this great work
Of national Importance is so rapidly approach
ing completion under such favorable suspices.'
The Company now have in use lS Locomotives ana
nearly 900 cars Of all descriptions large addi-
tionsl Equipment 10 ordered TO be ready in the
Spring. The grading is nearly com pleted, and ties
distributed for II miles in advance Of the western
end Of the track. Fully lso miles OF iron for the
River, and - miles more are roxte. The total
exper ditures for construction purposes IN advance
OF the completed portion Of the road Is lese than
eight million dollars.
Besides a donation from the Government Of
RSO Acres OF land per mile, the Company IL en-
titled TO q Subsidy In L. 4. honds on it's line as
completed and excepted, as the average rsfe OF
about S2s 90 per mile, ding 60 the diculties
encountered, for which the Government takes a
second lien as security. The Comrany have al
All we'd a ar "a n0oft ul~fa-
full on che $40 miles that have been examined hy
the UuIted states Commissioners.
GOVERNMENT sID-sECURIrY or THE
BONDS.
BY lie charter. the Company is permitted 10 is-
sue 70 own FIRST MoRTGAGE Bonds 20 the
same smount as the Government boais. aad no
more. These Bonds 3 First Mortgage upon the
whole road and all it's equi pments. such a mort
gage upon what, for q lorc time. will be the only
railroad connecting the Atlantic and Pacific
states, takes the highest rank q safe security
The earnings from the way or local business for
the year ending June ~, 1853 average OF 81
miles, were over -FOUR MILLI0N DOLLARS
which, after paying all expenses, were much more
than sufficient 70 cover a interest liability upou
that distance, and the earnings Of tile last Eve
months have leen S2,Ssss7e. They would have
been greater II the road had not been taxed to fts
utmost capacity 20 trans port fts materials for
construction. The income from the great passenger
travel, the China freishts and the supplies for the
be ample for al interest and other lisbflitSe,
No political action reduce the rate OF interest.
II must remain for thirty years-sir per csnf. Per
anspn in sold, now equal TO between eisht ana
nine Der cent. in currency. TAe prisoisal is tAea
payable 90 gold. fs bond with such guarantees
were issued BY the Govsrnnent, its market price
would not be lsss than from % TO d per cent pre-
mium. As these bonds ere issued under Govern
ment authority end supsrvision, upon What 10
very largely Government work, they must uln-
natsly approach Governospt prices.
The price for the present 10 PAR
Subscriptions will be
RECEIVED II WASHINGTON, ~
First National Rank.
Rittenhsase, Fowler &c.
and in New York
Al the Company Office, Ne. 20 Nassau
Jshn }. Cisco 4 Sen, Bankers, Ne. 80
Wall Street,
And By the compauys sdvsrsased agents through
out the United oeesss.
Bonds seaf free, tu parties sstsu sbiae tirosxA
iecai asesfs rtu look 90 fAsm for fhetr SAFE fs-
Hreyp.
A uHw PAMPHLET AID nap WAS rs-
SUED 0Cf0BDR tsr, containing rsport Of N.
prosrs0 of the vork - that da&s, md \ nore eov-
pssts se.ssoses 10 relation b the vaius Of TIE
bonds thaa can b given In an sdyert1sement-
which VIII b ssnt me- o. apDlicasaou q ths Con.
psnys e@oss, or 10 say of ths edvsrssssd 800.
I The oosIens Of Tie Firse Merteaee B,pd,of
the Union Pactns Railrsal oonpany, dpe jam
sry LIST. ise, vim Be Daid % - amer that Sste.
N GOLD Corn, nee of oovsrnnsnt tax, q the
4o.eenys ooes' 10. - usssas street. Nsw
JOHN ,. cisco, Treasurer, View Ysrt.
Dsesnbsr IssA, ls0. Ssusv
A LII or rHB PoPuLAI pArrur uupr.