Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-12-26
90 MILES OF THE UNION
7 "a CvLrrC Dan DnAn RuDrgrr

y MILES VT nE ON4ON
C-J PACIFIC RAILROAD, Running
West from Omaha across the continent, are
now completed,
This brings the line to the eastern base of the
Rocky Mountains, and it is expected that the
track will be said thirty miles further, TO Evans
Pass, the highest point on the road, by January
The maximum grade from the foot OF the noun
taiRs to the summit is but eighty feet to the
mile while that of many eastern roads is over
cue hundred, Work in the rock cuttings on
the western slope will continue through the
winter, and there is now no reason 10 doubt
that the entire grand line TO the PsclnC WILL nc
open for business in 1870.
The means provided for the construction OF
this Great National Work are ample, Ihe
United States grants it's Six Per Cent Bonds at
the rate Of from SIC, 1000 to $4s 600 per mile, ior
which il takes a second lien as security, and re-
ceivee payment to large IL not TO the full eX-
tent Ofits claim in services. These Bonds are
issued as each twenty-mile section ls finished
aud after ii has been examined by United olAtea
Commissioners and pronounced to be IN al
respects a frst.Class road, thoroughly suppnee
with depOts, repair. shops, stations, and all the
necessary rolling stock and other equipments.
The United States also makes donation Of
u 500 acres of land to the mile, which Will be
source OF large revenue to the Company. Much
of this Land in the Platte Valley lie among the
most fertile in the world, and other large por-
tiuns are covered with heavy pine forests ana
abound in coal of the best quality;
The Company is also authorized to issue ITS
own First Mortgage Bonds to an amount equal
"a the issue Of the Government and no more.
Hon f. D Morgan and Hon. Cakes Ames are
TyD.n ees for the BupdhOlders, aud deliver the
Rouds to the Company Only as the work pro
crosses. e. that hey always represent an aetna.
and productive value, 49,. C,.----- :.
One Hundred Million Dollars, of which over
five millions have been paid IN upon Inc "oEA
already done,
EARNINGS OF THE COMPANY.
AT present. the profits OF the Company az
derived only from rs local frathc, put TINS -
already much more than sutnelent 10 pay the
interest OR all the Bonds the company caA
issue If not another mTle were pull III Is no,
doubted that when the road Is completed tne
through traffic of the only line connecting tat
Atlantic and Pacific States will be large oeyone
precedent, and, as there Will ne no cons
tios il can always be done 81 pTobiso,e rates,
II viii he noticed that the Union Pacific Raj
road il, in fact, Government WORE ou s. VI
der the supervision of GoVerhlutne o Il',,'
and to a large extent with GoVeIn1 HaT'
and that its bonds are lssuea 1u1eI sG-,i1s-
ment direction. 1t is be ieved that no s.Li,a.
securityi is so carefully guarded, ana Cei'a-Lly
no other is based upon larger OF HUT '"'
able property. AS the Company
FIRST MORTGAGE BONDS .,a
are offered for the present al 30 Cen'S IN fbe
Dollar, they are the cheapest secht Ia 80 ~
market, being more IMAM 10 POI
than U. S Stocks. They pay
SIX PER, CENT. IN GOLD,
or over NINE per cent. upon the Investment,
Subscriptions will be received in R1tlsp f9 oy
$. W. ROWELL, Cashier Natoua, BANK p o' and
land; HENRY F. FIELD S Neus Yort st he
Coun n5SnTs once No. ~ Nassau street ana oy
COSTINENTAL NATIONAL BANA' NO.
CARR SsHISa DODGE b CO., Bankers, No. 81 wa"
Jo s8SsJ CISCO & SON, Bankers, No So wal
And 'I Nv the Company's advertised Age gem.
throughout the United states, o. " ~1o;I On
and descriptive pamphlets may Se S SSS mad in
application. Remittance ssou,Sv VI ana the
bonds viii be sent free of charge Oy re'1'A
press. ,..i .,,e,ts will look 10
Subscribers through local agents Wan
them for their deliyt ry. .-o,, York.
JOHN j. CISCO, Treasurer ~ 800,
November II, 1891 w