Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-18
THE UNION PACIFIC RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.
NINE HUNDRED AND SIXTY MILxs

NINE HUNDRED AND SIXTY MILEs
OF the line West from Omaha ere nov complete
and the work is going on through the Winter.
As the distance between the finished portion o
the Union and Central Pacific Railroads 10 now
less than 400 miles, aud both companies push
ing forward the work With great energy, employ
ing over 80 ooo ner, there be doubt that the
whole
GRAND LINE TO THE PACIFIC
Will be open for Business i'm the sum mer OF
1859
The regular Government Commissioner have
pronounced the Union Pscihe Railroad 20 be
f1keT CLASS in every respect, and the Special
Commission appointed by the President says:
Taken as a whole, The UNION PACIFIC
RAILRoAD HAS BEEN WE'LL CoNsTRUCr-
AD, AND TIE GENERAL ROUTE FOB THE
LINE EXCEEDINGLY WELL SELECTED.
The energy and perseverance with which the work
has been urged forward, and the rapidity with
which it has been executed are without parallel I'm
history, and in grandeur and magnitude Of under
taking IL has never been eGualled.n The Report
concludes by saying that Tho country has rea-
son TO congratulate itself that this great WORK
OF national importance 10 rapidly approach
ing completion under such favorable auseices.'
The Company now have in use lS7 Locomotives and
nearly 1000 cars Of all descriptions. large sddi-
tional Equipment 10 ordered to be ready in the
Spring. The grading is nearly com pletes and ties
distributed for ID miles in advance of the western
end OF the track. Fully l20 miles Of iron for the
new track are now delivered west Of the Missouri
River, and 90 miles more are ~ roNr,. The total
OF the completed portion Of the road is less than
eight million dollars.
Besides a donation from the Government OF
R.s acres Of land per mile, the Company 10 en-
titled 10 Q subsidy In L. b. Bonds on its line a.
completed and excepted, at the average rate O,
about 80 600 per mile, riding the difcslties
encountered, for which the Government takes q
second lien ss security. The Comrany have al
ready received s24 O7s.o0 Of this subsidy being ia
full on the sfo miles that have been examined ~
the CuIted States Commissioners.
soVhRhhENr A.5D.SsEcURITY AIDS or THE
By its charter. the Company is permitted 10 is-
cue to own FIRST MORTGAGE BONDS 20 the
same amount the Cover nnsnt boads aaa no
more These Bones are . First Mortgage ueon the
shole road and all its equipments. such a mort
gage upon what, for . long time. will be the only
railroad connectins the Atlantic and Pacific
states, takes the highest rank q safe security
The earnings from the way or local busipers for
tie year ending June 50, 1883, an average of AZ
miles. were over FOUR MILLION DOLLARS
which, After paying all ex penses, were much mora
than sufcient 20 ell interest liability nm,
that distance, and the earnings OF the lsst Eve
months have been oa-sss.s7c They would have
been greater II the rosd had not been taxed 10 tts
utmost capacity % transport lie maserisls for
oonsfruction. Theincome from the great passenger
u
new Rocky Mountain States and Territories A mu.s
be ample for all interest and other usbiitt..
No political action reduce the rate OF tuterest
Ii must remain for thirty years-sir pr oent. Dr.
assHm sr sold, nov equal to between eight ana
nine Der cent. in currency. TSe prisetpaf 4, th,,
payable ~ gold. lie bond WITH such guarsntsss
were issued BY the 0ovsrpment, its market mica
would not be les than from % to Is Der cent ore
niam As these bonds ere issued under Govern.
mens euthortty and supervision, upon what 40
very largely Government work, they mast ulti-
netely approach Govsrnnent prices.
The Price for the present 10 PAR
Subscriptions will be
RECEIVED IL WASHINGTON, sY
First Natisnal Bank.
Rittenhsuse, Fowler q &c.
and in New York
Al the Company Office, Ne. % Nassa.
. Street.
Jshn J. Cisco 4 Sen, Daskers, Ne. 80
wall Street.
And By the Companys sdvsrtised agents shroush-
out IL unfssl oeasss.
Bonds sesf yses, Bet parties ssl lscy ibi.r tk,.,s
local agents rsu ioss % tAem yw fAeis sac ds-
lireyy.
A NBw PAMPHLET AuD HAP Was N
SUED OOf0B1R lsf, sontaini,e : r,,orf n ~.
DrorsO q IL vork - thas Gsss, "a - -.
Diese sssseeses u relation - shs valus q sAs
which yin - ssns ffss % applieosson e - o.
Denys 2 oocss, or b aay Of shs savsssissd ssso1D.
- The OouDens Of the Hirse nortsne. -. -
tne union PactAs RailreaA oenSasy, Hss ysos-
nsy lets ~, w1n b Daid % snl sfssr shss ases
- GOLD Corx, frss q osvsrnnsus ssx, 6 shs
Ysrk.
JOHN J. cisco, Treasurer, New Ysrh.
Sseseesr bnslso. aszl-su