Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-06
THE UNION PACIFIC RAILROAD COMPANY
oIFEB A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.

NINE HUNDRED AND SIXTY MILES
OF the line West from Omaha are now completed,
and the work 10 going on through the Winter.
Az the distance between the finished portion o
the Erion and Central Pacific Rxilrosds 10 nov
less than 100 miies, and both companies are push
ing forward the work with great energy, employ
ing over 80 Coo neB there be no doubt that the
whole
GRAND LINE TO THE PACIFIC
Will be open for Business i'm the Summer of
1868.
The regular Government Commissioners have
pronounced tue Union Pacific Railroad to be
FIRST CLASS in every respect and the Special
Commission appointed by the President says:
Taken as Q whole. THE UNION PACIFIC
RAILROAD Has BEEN WE'LL CONsrRUCr-
I'D, AND THE GENERAL ROUTE FOB The
LINE EXCEEDINGLY WELL SELECTED
The energy and perseverance, with which the work
has been urged forward, and the ra2idity with
which it has been executed without parallel in
history, and in grandeur and magnitude OF under
taking il has never been eauaiIed." The Report
concludes by saying that 1.-The csuotry has rea-
son to congratulate itself that this great work
Of nationa importance is rapidly approach
ing completion unoer such favsrAsle auspices
The Company now have in use lS7 locomotives aud
nearly 900 cars of ell descriptions large ad6i
tional elu'pment 10 ordered to be ready in the
Spring. The grading is nearly pleted, and ties
distributed for To- miles in adv ance of the western
eHd Of the track, Fully lzO miles of iron for the
new track are now delivered west of the Missouri
River, and % miles more are "a rort.. The total
exper ditures for conjunction PURPOSES in vance
of the completed portion of the road Is not less thsa
eight million dollAr
Bssidee donation from the G3verpuert OF
G.s acres Of land per mile, the Company is en-
titled 10 q subsidy in L. 5. Bonds its line
completed and excepted, At the Average rate at
about S29 600 per mile, riding the difficulties
encountered, for which the Government takes a
second lien security. The Comrany have a.
ready received S2I O7sooo Of this subsidy, being in
full the $40 i.lil.s that have been examined ~
the Uuited states Commissioners.
aoVAENhENr AJDIsEcURITY OF The
By IFS charter. the Company is permitted TO is
to own FIRST MORTGAGE BONDS to the
same amount the GoveTnra bonds qaf No
NOR. These Bonss are First Mortgage upon ts-
whole road and all Its elui pments. Such a mort
gage 1pon what. for a long time, will BE- the o,,v
railroad connecting the Atlantic and Pacia,
States, takes the highest rank as a safe securi.y
The earnings from the wav or local business for
the year ending June 80, ISIS, on an average of :;
miles. were ever FouR liLLIpS DOLLARS.
which, after paying ali expenses, were much NOR,
than sufcient TO cover al interest LIABILITY upca
thar distance, ana the earnings of the Last Eve
months have been 81 3s6,S7o. TheT would have
been greater If the road had not been taxed TO ITS
utmost capacity to trsnspo its own macerfas for
travel, the China freishts and the suppiee for th
new Rocky Mountain States and Territories mur,
be ample for all interest and other liabilities
Ne political action reduce the rate OF interest
1t must remsin for thirty years-si1 pr ceat. per
anxRm IN gold, now equal to betxeen eight and
nine per cent in currency. Tas priRcipIl Is thes
payable IN gold. Ha bo,d with such guarantee
we're Issued by the Government, its market price
would not be less than from . TO IS Der cent IRE
MUM. As these bonds issued under Govern.
mens authority and supervision, upon what 10
very largely 0oy-rament work, they must ulti-
mstely approach 0oyernnent prices.
The price for the present 10 Par.
Subscriptions will be
RECEIVED ~ WASHINGTON, BY
First National Bank.
Rittenhsase, Fowler l. Co.
and in New York
At the Cempany's Office, No. 20 Nassau
.xov street.
John }. Cisco 4 Sen. Bankers. No. 20
Wall street,
And by the ComNanyS advertised agents through
oas the United States.
Bonds seHt fT5e, taf parties Subscribing tArorgA
local agents wii! TOOK to them for thstr SAFE De
lirery.
NEW PAMPHLET AuD MAP WAa m.
eOAD OOfOBBR 1sf, coutsining rspert of the
progress OF the worn - that dats, aud more conn
pete seetsment fn relation 70 The value Of The
eonos thae con b given In IN sdvertissuent.
wn,cn VII b sent ftes o. aDDllcoesoa &C ths Oom.
Denyp oooes, or 70 any Of ths slvsrtissd aesuss.
- The Ooapsas u shs Pint Z ,sor.ce ecnS.of
the Union PsciAs Raileoa 0s1~r.S a. J....
ery Lat, lsee YIN b paid on snl afhsr thse Ssses
= oorn csiS, ne a esvsrsasnt tax, sf fhs
yon1eaSs ooee. Ne. % Nssssa street. Sev
JOHN: CISCO, Treasurer, New Y.rl.
oeeeneef 1ssn, Iee, eel CO