Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-20
THE usIoE PACIFIC RAILROAD COMPANY
Offer LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AZ PAR.

MINI HUNDRED AND SIXTY MILES
Of the lire Wet from Omaha nov completes.
and tie work 10 going through the Winter
As the distance between the hnished portion o
he Union and Central Pacific Rsflroads 40 nos
.ess than go miles, and both companies are push
ing forward the work with great energy. employ
ing over 30 Or ner, there can be doubt that the
whole
GRAND LINE TO THE PACIFIC
VIII be open for Business i'm the Summer OF
1863.
The regular Government Commissioner. nav.
pronounced the Union Pscihe Railroad 20 be
FIRST CLASS in every respect, and the Special
Commission appointed by the President says:
Taken as whole; THE UNION PACIFIC
RAILROAD Has BEEN WE'LL CONSTRUCT
I'D, AND THE GENERAL RoUrE FOB THE
LINE ENCEEpINGLY WELL SELECTED
The energy and perseverance with which the work
has been urged forward, and the rapidity with
which it he's been executed vithsut parallel I'm
history, and in grandeur aud magnitude Of under
taking it has never been equaled." The Report
concludes BY saying that 1.-The country has rec
con 10 congratulate itseif that this great work
OF national importance 10 rapidly approach
ing completion under such favorable auspices
The Company now lave IN use l37 locomotives and
nearly 600 cars of all descriptions large addi-
nonsl lufpment lie ordered to be ready In the
Spring The grading lie nearly com pletea, and tee
distributed for l3 miles in advance of the western
end OF the track, Fully In miles Of iron for the
River, and % miles more are ToKt.. The total
expeI ditures for ,tructon purposes in al vance
OF the portion Of the road Is less than
eight million dollap
Besides a donation from the C verpnont Of
L SO acres Of land per mile. the COMPANY il en-
titled 20 8 subsidy in L. s. Ponss on its line =.
completed and excepted, ss the average rste Of
about oss 90 per mile. scco riding totse dcs titles
encountered, for which the Government takes o
second lien as security. The Company have al
a. 1911 cs -.sEklz -.
full on the so miles that have been examined ~
the CuIted states Commissioners.
GovKRNMENT AID-sECURITY OF THE
BONDS.
By iis charter. the Company is permitted 60 10
sue 70 FIRST MORTGAGE BONDS 10 the
same smount ss the Governnsnt bonds, arf 10
NOR. Thee Bones are q Firs; Mortgage upon the
whole road aud all its equipments. such a mort
gage upon what, for q long time, will be the only
railroad connecting the Atlantic and Pacific
States, takes the highest snk safe security
The earnings from the way or local busipess for
the year ending June 80, 1858, average OF az
miles. were over F0UR MILLION DOLLARS
which, after paying all penses, we're much more
than SUFFICIENT 20 cover al interest liability upon
that distance, and the earnings of the last ave
months have been oa,s36-s 7e. They would have
been grssssr n the rosa had been taxsd to fss
utmost capacity 70 transport its materials for
oonstruction. The income from the great passenger
travel the China fretGhts, and the supplies for the
be ample for ell interest and other liabilities
No Doliscal action reduce the rate OF iutevest
II must remain for thirty years-sto p,r cent o. >
aaaEm in sold, now equal TO between eisht Ana
nine per cont. In currency. The prisot,aI as ,ksa
PAYABLE ta sold. lie bond with such susr>nte.s
were issued by the Goverument, its MARKET pvtce
would not be lees than from % to Is Per cent Gre
MUM. A. these bonds are issued under Govern
msns authority and supervision, upou vlst a
very largely 0ovsramsnt work, they must u.p-
netely approach Government prices
The Price for the Dessent ID PAR.
Subscriptions will Be
kFcRrvED - wAeHISsrox nv
First National Bank.
kittenhsase, Fowler 4 Cs.
and in New York
AZ the Company Office, Ne. 10 Nas.as
.xDu street,
Jshn j. Cisco 4 Sen, Bankers, Ne. 70
Wall Street,
And By the Compasys sdvsrsssed agent, tbroueh
out IL United States
Bonds sssf free, tss parties ssts-sbssx fkye~xA
local asexfs rtg !ook 90 fssm for tIe,, ,a 4, a.
lirery.
A Few PAMPHLET AHD nap WAS r.
SUED OCfOBkk isr, containing report Of the
progress Of the vork % that date s,d Q nsrs com
DIsts sssssosns 10 rotation % ths value a sAe
bos1s than can b given I'm IN sdvsrttssmsut,
which viii b cent ffos application as shs Opm.
Dsnyb oGAces. or 10 any Of the sdvertis,d 49,.
- The Coupons Of the First Mortgage Dsnds Of
the Union Pacific Railroad Company, aue Jam.
sry LIST, 1855, VIII be Deid and afsr thss date,
IN GOLD CoiS, nee OF 0overuDent tax q the
0e.panys once, No. - Nassa strsss. Rev
York.
JOHN J. cisco, freasarer, New YORK.
December ,sth, ,ae. sszl-sW