Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-06-06

Western end of the
Great National Railway across the
Continent.
Their line viii extend from Sacramento, Cal
tfornia, across the Sierra Nevadas to the Cali
tOrnia 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.
1t forms the sole Western link Of the only
route to the Pacific which is adopted by Con
gress and aided by the issue of United States
Bonds.
Their road is already completed, equipped
and running for 9i miles from Sacramento to
within II miles Of the summit OF the Sierras
and q large amount OF the work of Grading,
Tunnelling, &C, 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 Othe,
lst The rate of interest is six per cent in
Gold, payable semi-annually in the City Of New
York
%. The Principal is payable:in Gold at ma
turity.
3D. The cost of the Bonds, Ninety-fve per
cent. and accrued interest, ia Ten per cent. less
than that of the cheapest Six per cent. Gold
Bearing Bonds Of the Government.
4th. The United States Government provides
nearly half the amount necessary to build the
entire road. and looks mainly to q small per-
Ccntage on the future traffic for repayment
OLus O"luS " tuls llDCIAl 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 IL equalled only by that OF the
obligations Ofthe Government itself.
eth 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 81 per cent. per annum, on the amount
invented.
The Bonds are issued in denominations of
81 900 with semannual Gold Coupons attached,
payable in New York, and are offered for the
present at IS per cent. and accrued interest Gin
currency from January 1st.
Orders may be forwarded to Us direct or
through the principal Banks and Bankers in all
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. -
Bankers and Dealers in Government Securities
No. Nassau Street, N. Y.
N BAH kinds of Government Securities
received at the full market price in exchange
for the above Bonds Also,
sY~ All descriptions of Government Securi-
ties kept constantly on hand, and Bought, Sold,
or Exchanged.
g5g5~ Gold Coin and T. s. Coupons bought,
sold and collected.
e2T Deposits received on liberal terms, sub
jeCt to check at sight.
gy- Collections made throughout the coun-
try.
s9F Miscellaneous Stocks and Bonds bought
and sold at the Stock Exchange on commission
for cash
s9 Special Attention given to the Exchange
of Seven-Thirty Notes of all the Series for the
New Fiye-Tweny Bonds of 1865, on the most
favorable terms. march9d&w3m