Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-05-23

This Company is constructing under the pa
tronago Of the United States Government, the
Western end Of the
Great National Railway across the
Continent.
Their line will extend from Sacramento, Cal.
ifornia, across the Sierra Nevadas to the Cali
fOruia State line, traVersing the richest and
most pOpulous section Of California, and thence
through the great mining regions OF the Ter
ritOries, to the vicinity of Salt Lake City.
II forms the sole Western link Of the only
route to the Pacific which is adopted by Con
grcss and aided by the issue OF United States
Bonds
Their road s already completed, equipped
and running for 81 miles from Sacramento to
within II miles of the summit OF the Sierras
and large amount Of the work Of Grading,
Tunnelliug SC, beyond that point has been
ACCOMPLISHED
The First Mortgage Bonds of this Company
afford unusual inducements Of safety and profit
to investors, for the following among other
reasons, viz:
1st The rate Of interest is six per cent. in
Gold, payable semi-annually in the City of New
York.
ID. The Principal is payable in Gold at ma
turity.
Sd. The cost Of the Bonds, Nincty-hve per
cent, and accrued interest, is Ten per cent. less
than that of the cheapest Six per cent. Gold
Bearing Bonds of the Government
18th. The United States Government provides
nearly nail the amount necessary 10 DQlQ lQe
entire road, and looks mainly to q small per-
Centage on the future traffic for repayment.
9Th Owing to this liberal provision, accom-
panied with extensive Grants Of Public Lands,
by which the Government fosters this great
national enterprise, its success Is rendered GER
tain, and its financial stability Is altogether in
dependent Of the contingencies which attend
ordinary Railroad enterprises.
9th. The Security Of its First Mortgage Bonds
is therefore ample, and their character for safe
ty and reliability II equalled only by that Of the
obligations ofthe Government itself.
9TH. The net earnings of the completed pOr-
ton are already largely in excess OF the inter
! est obligations which the Company will incur
on twice the distance, and are steadily increas
ing, rendering the uninterrupted payment OF
the interest absolutely certain.
! sth. At the present rate OF Gold they pay
nearly So per cent. per annum, on the amount
| invented.
! The Bonds are issued in denominations OF
| 81 900 with semi-annual Gold Coupons attached,
payable in New York, and are offered for the
! present at 95 per cent and accrued interest (n
| currency from January Let
| Orders may be forwarded to Us direct, or
| through the principal Banks and Bankers in oil
| parts Of the country,
! RemittanCes may be made in drafts on New
| York, or in Legal Tender Notes National Bank
! Notes or other funds current in this city, and
! the Bonds will be forwarded to any address by
| Express, free Of charge. Inquiries for further
particulars, by mail or otherwise, will receive
| punctual attention. ~
FISK g. HATCH,
Bankers and Dealers in Government Securities,
No. Nassau Street ny.
n. bah kinds of Government Securities
received at the full market price in exchange
| for the above Bends. Also,
g8-All descriptions of Government Securi-
| ties kept constantly on hand, and Bought, Sold,
| or Exchanged. sarTe
Y-Goll Coin and U, S. Coupons bought,
| sold. and collected.
| e2gr- Deposits received on liberal terms, sub.
! eCt to check at sight.
SO Collections made throughout the coun-
| try.
| ssS Miscellaneous Stocks and Bonds bought
and sold at the Stock Exchange on commission
| for cash.
Special Attention given to the Exchange
of Seven Thirty Notes of all the Series for the
| New Five-Tweuty Bonds Of 1865, on the most
| favorable terms marCh9d&w3m