Show UNION PACIFIC BOND ISSUE IS EXPLAINED Attention is called in C circulars recently recently re rc s sent nt out to the Union on Pacific convertible 4 per cent Jol gold bond bourl issue authorized e at a meting meeting n of t the e share share- holders last June The issue in its en entirety entirety is The bonds are dated Ju July 1 an and maturo mature in twenty years The company however r reserves re re- es tr serves the right to t take ke up the whole issue after alter Juls- Juls Iu 1 1 1912 at 2 by giving ing ninety days' days notice The Tho holders of the tho bonds may mav convert ert them into common stock tock of the Union Pacific Railway company on a basis of 14 a share shan any nn timo time prior to July 1 I 1917 Tho The bonds are issued in denominations de Ic nominations of and 1000 It h has ls b been en estimated that the present issue issue SIW will bring the funded debt of th the Union Pacific up sup to about |