Smyrna times., 1868-12-30

regular Government Commissioners have pronounced
Union PscdO Railroad to be FIRST CLASS in every
and the Special Commission appointed by the President
says:
| Taken as q whole THE UNION PACIFIC RAILROAD
HAS BEEN WELL CONSTRUCTED, AND THE GENERAL
| ROUTE FOR THE LINE EXCEEDINGLY WELL SELECT
ED The and which the work has
urged forward and the apy with which it has been
without paree in history grandeur and
magnitude OF undertaking it has been equaed The
report states that deficiencies only those in
eidnt all roads, and that have been avoided
without materially reardng the progress great work.
Such deficiencies supplied by all railroad companies after
the completion of the line when wherever experience
them to be The report concludes by saying
that the country has to congratulate itself
great work of national Importance rapidly
completion under such favorable auspices The Company
no" have in use 1877 locomotives and nearly Of all de-
'cripons large additional equipment ordered 10 be
ready In the Spring The grading nearly completed and ties
distributed for 100 miles in western end OF the
TRACK Fully 20 miles Of iron are now deyered
west of the Missouri River and miles EN- ROUTE
The total expenditure for
the completed portion of the road not than eight
dollars.
Besides donation from the Government acres OF
land mile, the Company is entitled subsidy L.
Bonds its line completed and accepted the
rate OF about S29OO mile according the difficulties en-
eounered for which the Government lien
cury The Company have already S225sOOO of this
subaidy of which 9OOo paid December
Dec. I4th
Government Aid-Security of the Bonds
By its charter Company is permitted to issue its own
FIRST MORTGAGE BONDS to the amount as the Gov
ernment Bonds, AND NO These Bonds First Mort
the whole road and all its equipments Such a
mortgage what for long time will be the only railroad
connecting the Atlantic and Pacific States highest
rank safei security The earnings way or
business for the ending June 30 1865 of 4S
miles. were over FOUR MILLION DOLLARS, which, after
paying all expenses, much sufficient cover
interest liability that distance and the earnings for the
last hVe months have been sasS7 They would have
greater II the road had not been taxed capacity
TO transport its materials for income
from the great travel the China Freg and the
supplies for the Rocky Mountain Territories
must be ample for all interest and other liabilities po
cal action reduce the rate of interest 1t
thirty PER CENT ASNUN equal
between eight and nine cent in currency THE PRISCI
PIE Is THEN PAYABLE IN GOLD II q bond with such
guarantees issued by the Government market price
would not be less then from premium.
these bonds issued under authority
vision what is largely Government
must ultimately approach Government prices No other
pOrate bonds are made
The price for the is PAR and accrued interest
per cent from July l. 1865 currency.
Subscriptions will be received smyrna by NJ ESQ.,
Cashier Bank Of Smyrna,
and in New York
AT THE COMPANY's OFFICE No. 20 NASSAU STREET
JOHN J. CISCO & SON. BANKERS, No. 50 WALL ST,
And by the COmpany advertised throughout the
ed States
Bonds sent Free but parties subscribing through local
will look to them for their safe delivery.
NEW PAMPHLET AND MAP WAS ISSUED OCTOBER
st containing of the the that
and complete in relation the
bonds than be given in advertisement which will be
free application the Companys Offices, any
advertised agents.
The Coupons of the First Mortgage Bonds the Union
Pacific Railroad Company due January will be paid
and after that date IN GOLD COIN free of Government
at the Companys oice, No. 20 Nassau St.. New York.
John j. Cisco, Treasurer,
deca33m NEW YORK.