Evening star., 1869-01-12
THE UNION PACIFIC RAILROAD COMPANY
oTFER A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BONDS
AT PAR.
NINE HUHDBkD AND SIXTY MILES

NINE HUNDkkD AND SIXTY MILBe
OF the line weet from Omaha are now completed,
Al the distance between the finished portion
the Enion and Central Pacific Railroads 10 nov
lees than 100 miles, and both COM panies are push
ing forward the work with great energy, employ
ing 50 0Uo neB, there be no doubt that tae
whole
GRAND LINE TO THE PACIFIC
Will be spen for Busiaess in the Sum mer of
1869.
The regular Government Commissioners have
pronounced the Union Pacific Railroad to 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 GINERAL ROUrE FOB THE
LINE EXCEEDINGLY WELL sILECTED.
The energy and perseverance, with which the work
has been urged forward, and the rapidity With
which IL has been executed without parallel In
history, and in grandeur and magnitude Of under
taking ii has never been eaualled." The Report
concludes BY saying that 1.-THE csuntry has rea
son to congratulate itself that this great work
OF national importance 10 so rapidly approach
ing completion under such favorable suspices.'
The Company now have in use Isl locomotives and
nearly 1900 carr Of all descriptions large addi
tional Equipment 10 ordered to be ready In the
Spring. The grading 10 nearly com pleted, and ties
distributed for 10 miles in advance of the western
new track are now delivered vest Of the Missouri
River, and 80 miles more en route. The total
expe, ditures for struction purposes in advance
OF the completed portion Of the road Is not less than
eight million dollars.
Besides donation from the Government of
l2.So acres OF land per mile, the Company is en-
titled to q subsidy In u. 3. Bonds on its line rs
completed and excepted, at the average rate of
about o2s 900 per mile, riding to the dicalties
encountered, for which the Government takes q
fen rit ha
ready received S74g7sO00 OF this subsidy being In
full on the go miles that have been examined by
the UuIted States Commissioners.
aovERhMENT AID.sICURIrY OF THE
By Its charter, the Company 10 permitted 10 in
sue to own FIRST MORTGAGE BONDS to the
same smount ~ the Cover nment bonds and No
more. These Bonds are . First Mortgage upou the
whole road and all its eqsipmsnts. such mort
gage upon what, for long time, will be the only
railroad connecting the Atlantic and Pacific
States, takes the highest rank a. a safe security
The eanings from the way or local business for
the year ending June 30, 1853, an average Of "a
miles. were ever FOUR MILLION DOLLARS
which, after paying ell expenses, were much more
than sufficient 10 cover oil interest liability upon
that distance, and the earnings Of the last i've
months have been o2,sss $40. They would have
been greater II the road had not been taxed to fts
utmost capacity 70 transport its materials for
construction. The income from the great passenger
travel the China freiehts and the supplies for the
new Rocky Mountain States and Territories must
be ample for all interest and other Hsbilitiee
Ne political action reduce the rate OF interest
1t must remain for thirty years-si1 Per cent. p,,
dnssm IN sotd, nov equal to between eight and
nine per cont. In currency. TIE priaeipal rs then
payable in sold. Ifa bond with such guarantee,
were issued by the Government, its market price
would not be less than from 70 to 2s psr cent pre-
MUM. As these bonds are issued under Govern.
ment authority and supervision, upon what is
vaFH q nanf-
mstely approach Government prices
The prioe for the present 10 PAR.
Subscriptions will be
RECEIVED II WAsHINGToN, BY
First National Bank.
RittenhOuse. Fowler l. Co.
and in New York
At the CsmPany's Office, Ne. 20 Nassau
John J. Cisco l. Son, Bankers, No. SO
Wall street.
And by the Company advertised agents through
out the United STATES.
Bonds sent free, out parties sxbscyibias throxrh
local agents ,eiH look to them for aey SAFE de-
Rrsry.
NEW PAMPHLET AND MAP WAS Is
SUED OCTOBER Isr, containing report Of the
progress Of the work to that date, and more com
pltte statement in relation to the value of the
bonds than can be given in an advertisement
which will be sent free application at the Com
psnys omces, or to any Of the advertised agenes
~ The Coupons Of the First Mortgage Bends of
tine Union Pacific Railroad Company, due yanu-
arr lst, 1859, will be paid on and after that date
IN GOLD ColN, free Of Government tax, at the
Company's office, No. 70 Nassau street, New
York.
JOHN J. CISCO, Treasurer. New York.
Ceoe mber 18th. 1873. de2l CIV