Evening star. [volume] (Washington, D.C.) 1854-1972, 1869-01-02
the UNION PACIFIC RAILROAD COMPANY
oBFEB A LIMITED AMOUNT OF THEIR
FIRST MORTGAGE BOMBS
AT PAR.

NfNI HUNDRED AED SIXTY MILES
Wtbe Ase West from Omaha are now completed,
and the work 10 going on threusL the Winter
As the distance between the finished portion o
tne eniSn and Central Pacific Railroads 10 nov
less than 40 miles, and both companies ere push
tRs forward the work with great energy, employ
ing over 30 100 men, there be no dou bt that the
whole
GRAND LINE TO THE PACIFIC
Will be open for Business i'm the Summer of
1869.
The regular Government Commissioners have
pronounced the Union Pacific Railroad 10 be
FIRST GLASS in every respect, and the Special
Commission appointed by the President says:
Taken as o whole. THE UNION PACIFIC
RAILROAD HAS BEEN WE'LL CONSTRUCT
ED, AND THE GENERAL ROUTE FOB THE
LINE EXCEEDINGLY WELL SELECTED.
The energy and perseverance with which the work
rhas been urged forward, and the rspidity with
which 1t has been executed are without parallel In
history, and in grandeur and magnitude OF under
taking il has never been equalied.r The Repor,
concludes BY saying that ''the csrutry has rea
son to eongratulate itself that this great work
OF national importance is so rapidly approach
ing completion under such faver raOle auspices
Ihe Company now have in use l3 locomotives and
nearly 1900 cars of all descriptions large addi.
tioDa Equipment 10 ordered 30 be ready in the
epring. The grading 10 nearly completed, and ties
distributed for l2O miiee In adv OF the western
eBd OF the track. Fully lz0 miles OF iron for the
new track are now delivered ives. Of the Missouri
River, and 90 miles more ~ roKfe. The total
expet dituree for nstrRction purpe in advance
OF the completed portion of the road Is not less than
eight million dollars
Besides donation from the Government of
ESQ acres OF land per mile, the Company is en-.
titled to q subsidy in U. o. Bonds on its line as
completed and excepted, At the average rate OF
about 929 600 per mile, acco riding to the difficulties
encountered, for which the Government takes q
second lien ss security. The Company have al
ready received S24G75O00 of this subsidy. being in
iuh on the $40 miles that have been examined by
the ouited states Commissioners.
so'AhShENT AID1sECURITY or THE
BY its charter, the Com panv &. permitts5 % IL.
sue 10 own fAhSf A0RTGAGE BONDS to the
same smount as the 0ove..ms,t hona. - .e
more. These Bonds are First Aor,,-.A upon the
whole road and all its equi uipments. such a NOR.
gage upon what, for q loug time, will be the only
railroad connecting the Atlantic and Pacific
States, takes the highest snk a. a safe security
The earnings from the way or local business for
the year ending June 80, 1858, on an average of ~
miles were ever FOUR MILLIOH DOLLARS,
which, afer paying ell expenses, were much more
than sufficient TO cover all interest liability upon
that distance, and the earnings of the last five
months have been S2,36,s7o. They would have
been greater IL the road had not been taxed TO trs
utmost capacity to transport it's materials for
tray the China freehts and the supplies for thu
new Rocky Mountain States and Territories must
be ample for all interest and other liabilities
No political action can reduce the OF interest
1t must remain for thirty yesrs-sir per cent. per
annHm IN gold, now equal to between eight and
nire per cent In currency. The principaI is then
payable in gold. Isa bond with such guarantees
we're issued by the Government, its market price
would not be less than from 70 70 IS Der cent cre-
MUM. As these bonds are issued under Govern
ment authority and supervision, upon what fs
very largely Government work, they must ulti-
mately approach Government prices.
The price for the present is PAh
Subscriptions will be
REcEIvED IN WASHINGTON, By
First National Bank.
RittenhOuse, Fowler Il Go.
and in New York
At the Company's Office, No. 20 Nassau
.xD.v street.
John J. Cisco & Son. Bankers, No. 50
Wall Street,
And by the Compsnys advertised agents through
out the Uaited States.
Bonds sent free, bKt parties nbscrtbiar ,hroxyi
local agents wiH Took 10 them for shsir safe de.
lirery.
NEW PAMPHLET AND MAP WAS Is
SUED OCTOBER lsr, containing report of the
progress OF the work to that date, and 0 more com.
plete statement in relation to the value Of the
bends than can be given in an advertisement
which will be sent free application at the Com.
pany's ofhces, or to any Of the advertised agents.
~ The Coupons Of the First Mortgage Bends of
the Union Pacific Railroad Company, due Janu-
arg lst, 1869, will be paid on and after that date.
N GOLD CoIN, free Of Government tax, At the
Company's ofhce, No. % Nassau street, New
York.
JOHN J. CISCO, Treasurer. New York,
December 18th, 1858. de2I 6v