The New York herald., 1874-09-20
FINANCIAL.
UNION PACIFIC RAILROAD.
NOTICE TO BONDHOLDBRS


The Directors Of the Union Pacific Railroad Company
feel much gIanncation in announcing t9 the bcndhod
@ eis e s.var =, tSs IN eSse 81 O g h ~
reeors extended the time ior s.ehsngns Bond.
one and q halt millions Income Bonds have been ex-
now Outstanding out OF the original issue OF ten millions
Thus daring the very short period which has elapsed
nine million dollars o. The Income Bonds have been con
taken into consideration that in this period
braesd the daest month Of the summer the Directors
nss s its very 6 naturally ee S
future Welfare Of the company the rsp,dty Of the CON
versions being nprsseaented in railway dnaHce
SS % Of %
many OF The recent exchanges having been for Eu:
ropean account S The company nave NOTIFICATIONS Of
were not shipped IN time 10 ch here by the 18th inst
New York correspondents OF European bondholderss
% OF @ ns rSn@ bHn ae l ave S
Income boDds-unti their bonds could reach New York
ropesn scndhoders the Director alter mature deii
haye DECIDED o to extend dt m the e for
and European bondholders VIII themselves this
tors hope be able to announce The fnai and Complete
success % OF The inndins operations oa The COMPANY
ssAf s have to
af on the sRs a II % a a
snd
@ ne seea@y @ ssSnd sS. sSs% nave Do'
rosa sunS and Of %SYss Ss
Railroad Company after the First Mortssge Bonds and
To
he nu. m nd Of
s@hs @ ccneany The Land Gran, Bonds whish ioTm
ss.SS5s asSs Sspsly ~ ssS IanS Ssssr%sas
sSe .s'ss %@Es E.
as Tsh is & re-
that the ne is not very distant when the Sinking Fund
Bonds Will become first lien upon the lands OF the
& eR' had dsposd oG %
g. an average OF "a IS per acre. and still had on
AS AS Illustrating the prospective value of the Union
pany can IN o9nsress the sae
the OF road from 81 to Chicago and
Dunleh This grant transferred by the state The
Which
nd sfes
ing to h the last annual report Of the nos Central Com
s. u na S I sns had nsea ss
s eT Tree lands The Land Grant Of the Illinois
Central Company consisted OF sgrieultnral lands only,
but also rich and
Paenc Land Grant is nearly ave times greater than that
of he 9 M m r ha , ed the With asef aa rea1ed @
on , hand Some idea OF the prospective vaine Of e the
figures The coal lands Of the Union fache, when de,
yeoped win supply the Western country and the paeac
pany large and valuable traffic. ~.
The Directors, IN making this communication tn the
holders of the company's securities leel bound to
press their conviction that there great future before
their enterprise. The traffic encOurag
ing, the net earnings July having shown increase
of $4,000 Notwithstanding the general depression Of
ment in regard TO It's coal supply whereby fuel is OBJ
tanned at much lower cost than formerly Tho extra
expenses for filling up trestle work, which have been
charged to operating expenses about and
oher ways the expenses of the road viii be reduced
from this time forward.
These together with the rapid growth OF the Pa
cihc commerce and the that the Union Pacific
win for many constitute the sole ting link
between the Atlantic and the Pacific should improve
the vaue of the property and the credit of the company
and to this end the best efforts Of the man.
agement will be directed
Exchanges of Income Bonds Sinking Fund Bonds
can be made or information obtained at the
OFFICE OF THE COMPANY,
in Boston,
or at
MORTON BLISS CO..
Financial Agents OF the Company,
Drexei Building,