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

NINE AND
OF the lire West from Omaha are now completed,
and the work is going through the Winter.
As the distance between the finished portion o
the Enion and Central Pacific Railroads is nov
less than 400 miles, and both companies are push
ing forward the work with great energy, employ
Ing over 80 co. neB, there be doubt that the
whole
GRAND LINE TO THE PACIFIC
Will be open for Businessin the summer OF
1869.
The reeulas Government Commissioners have
pronounced the Union Pacinc 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 CONSTRUCT.
ED, AND THE GlNERAL ROUTE FOB THE
LINE EXOEEDISGLY WELL sLLECTED
The energy and perseverance with which the work
has been urged forward, and the rapiiity with
which IL has been executed are without parallel in
history, and in grandeur and magnitude OF under
taking IL has never been equalled." The Report
concludes by saying that the csuntry has res-
sen TO congratulate itself that this great work
Of national Importance is rapidly approach
ing completion under such favsrapIe auspices
The Company now have in use l3 locomotives and
nesrly 100 cars of all descriptions. A large sddi
uonal Equipment 10 ordered TO be ready in the
Spring. The grading 10 nearly com pleted and ties
distributed for l21 miles in nd of the western
end OF the track. Fully ls0 miles Of iron for the
new track are now delivered west of the Missouri
River, and 90 miles more "a roKte. The total
exper ditures for structOn purpo in advance
OF the completed portion of the road l. less than
eight million dollars
Besides a donation from the Government of
R-S o acres Of land per mile, the COMPANY ia en-
titled to . subsidy In Z. o. Bonds on it's line a.
completed and excepted, at the average rate NJ
about 029 o0 per mile, riding to the difficulties
encountered, for which the Government takes n
second lien ss security. The Comrany have al
ready received s2i O7s0 0o of this subsidy being in
full on the 940 miles that have been examined by
the CuIted states Commissioners.
GOvERNMENT AID-sECURIrY OF THE
By IFS charter, the Company is permitted TO is
sue its own FIRST MORTGAGE BONDS to the
same smonnt as the Government bonds ant no
Theee Bonds are First MORTGAGE upon the
whole road and all it's equi pments Such a mort
gage upon what, for a long time will be the only
railroad connecting the Atlantic aud Pacific
States, takes the highest rank as a safe security
The earnings from the way or local business for
the year ending June 30, 1858, on average of f7e
miles. were ever FOUR MILLION DOLLARS
which, after paying all expenses, were much more
tnsn sufnclent 20 cover ell interest liability upon
that distance, and the earnings of the last five
months have been S23s6,s7O. They would have
been greater IL the road had not been taxed to its
utmost capacity to transpOr its materials for
construction. Theincome from the great passenger
travel the China freiRhts and the supplies for the
new Rocky Mountain States and Territorie. must
be ample for all interest and ether liabilities
No political action reduce the rate OF interest
Ii must remain for thirty years-Sir Per cent per
aHsHna iH gold, now equal to between eisht and
nine per cent. In currency. tn. priHeip1I rs then
payable IN gold. If O bond with such guarantee
we're issued by the Government, its market price
would not be less than from 20 to IS Der cent pre
MUM. As these bonds issued under Govern.
ment authority and super vision, upon what fs
very largely o Government work, they mu,t ulti
mately approach Government prices
The price for the present is PAR
Subscriptions will be
RECEIVED IN WASHINGTON, BIZ
First National Bank.
Rittenhopse, Fowler l. Co.
and in New York
At the Company's Office. No. 20 Nassau
.xn,v street.
John }. Cisco L. Son, Bankers, No. 80
Wall Street,
And BY the Compsnys advertised agents through
out the United States.
Bonds sent free, but parties ssbscri6iag through
local agents rcW Took TO tasIa for thsi, sa :. ds
IireTy.
A NEW PAMPHLET AHD MAP WAS Is
SUED OCTOBKR 1sr, containing Q report of the
progress Of the work TO that date, and more com.
plete statement in relation to the yaiue of ths
bends than can be given in an advertisement.
which viii be sent free on application at the Com.
pany omces, or to any Of the sdvertised aeeuts.
~ The Coupons Of the First Mortgage Bends Of
the Union Pacific Railroad Company, due yanu-
ary lst 1853, will be paid and after that datA
IN GOLD CoIs, free Of Governnent tax, ct the
oonpsnys once, No. 20 Nassau street, New
York.
JOHN J. CISCO, Treasurer, New York.
peoeApef ietn, lco. ee1 6w