The Portland daily press., 1888-10-29
We offer for subscription in
Boston and New York, stimuli
taneousIy with Messrs Blake
Boissevain & Co., London,
Messrs. A. Boissevain & Co.,
Amsterdam, and Messrs.
John 6erenberg. cossIer &
Co., Hamburg.
$4,4OO,OOO
FIRST MORTGAGE 5 PER CENT.
Gold Bonds
or THE
Union Pacific IjnCO|n \
union Pacific Lincoln \
Colorado
Railway Co.,
Dated August 1, 1888, and pay
able April 1, 1918,

i h0iWdy AOsS
Dated August 1, 1888, and pay,
able April 1, 1918,
Principal and interest unconditlon.
ally guaranteed by the Union
Pacific Railway Company by ien-
dorsement on each Bond.
Principal and Interest payable In gold
In New York or Boston.
The Bonds are Coupon Bonds In de-
nominations of 81 900.
Principal, but not Coupons, may be
registered.
Coupons due April and October 1.
Mortgage limited to 5000 per
mile.
Total authorized Issue limited 70
$40, 200, 900.
Trustee: American Loan and Trust
Company Of Boston,
A Sinking Fund of fwO.thirds
OF one per cent. of the total issue
taken fl ON the net earnings of the
Company is payable 10 the Trus-
tees, annually, ON October L, for
the purchase of these Bonds nj
not over los and interest, or 10 be
invested i'm other approved Sc
curities,
The Bonds cannot be drawn.
We submit the following facts taken from the
official statement made by the President to the
Directors of the Union Pacific Railway Company.
dated October "a, 1888.
OF the money spent by the Company during the
four years from June 80, 1884, to June 30. 1883.
In substantial improvements to its property, 3d.
$4,000 has come from its surplus earnings.
By the sale of bonds of branch roads sufficient
money has been provided to pay all floating debt
and to pay 100000 for needed additions to
equipment already contracted for.
The Company has no new construction going on
For the six moEths ending June 80, 1888, the
surplus earnings Of the system, after paying inter-
est, sinking fund, taxes and other charges, in
Guiding Government requirements, were $3.50 600
more than for the same period last year.
For the year ending June 80, 1883, the surplus
earnings of the system, in excess of all above
named charges, were s535,579 ss,-equal TO
nearly per cent. on the capital stock
June 80, 1884, the total mileage
OF the Union Pacific Railway
system WdS... .................... 4,4lO.S miles
The total funded debt including
deDt 10 the United States. S14S, sac, 4eO.37
Net noating debt. ..............6, 9OO177.95
Total. 446 ,63s. 80
DEBT PER MILE OF ROAD, s35,17o.51.
June 30, 1888, the total mileage of the Union
Pacific Railway System was 4,7649 miles
The Total funded debt including the debt to the
united states, was. S14S 81 .O295I
Not floating debt.
Total. s14s, 626, 159. ee
DEBT PER MILE OF ROAD, s31, 191.s7.
The sinking funds in the hands
of the United States Govern
ment against Union Pacific
Bonds amounted, June 80,
The sinking fund for the beneGt 'So'oooooo.oo
of Kansas Pacific Consols
am nToesaas :; e,715, 100000
contracts, and securities on
hand, applicable TO sinking
funds and not deducted from
total amount of debt in above
statement, amount to. ........ sol 700 600 m /
Deductlng this sum from total
amount OF bonded debt, the
DEBT PER MILE WILL BE, s2s,635.Oo
The Union Pacific, Lincoln & Colorado Rail-
way Is branch OF the Kansas Pacific Railway.
unnlng westerly from Salna, through Lincoln.
Waldo, Colby. to a junction with the Kansas
'acihc at Oakley, Kansas. and may ultimately
% QUILT TO Denver and Canon CITY Colorado. |
me go miles already completed, to pay for
'hicn lhe ponds now offered were issued, Is a
onsohdation OF the Salina, Lincoln & Western
'aiiway Co., and the Oakley g. Colby Railway
o. IN Kansas, and new road connecting the
wo.
Inc country through which it runs Is fertilela and
the Judgment of the managers of the Union
acme Railway Co., the Union Pacific, Lincoln &
dorado Railway is very essential addition to
heir Kansas Pacific system.
subscriptions will be opened at 10 O'Clock,
tuesday,, October 80 and will close on wednes-
ay, October 81, or earlier on notification from
broad, and allotment will be made as promptly
possible thereafter.
Bonds will be delivered as soon as practicable
ter payments, receipts being issued by us in the
eanwhile for money paid in.
A copy of the bond aud mortgage may be seen
I'D subscriptions may be made at the ONCE of
10 undersigned.
Price, 90 and accrued interest, from October,
It to date Of delivery.
EE AINHIAcaA O. m