Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-11-25
Advertisements.
InNE OF THE
BESr fNgESrMEN
II
FIRST MORT GAGE BONDS
or rnG
u N l o N ACI TIC
RAILROAD COMPANY3
900 EMites Compteted.

limited amount oftho First Mortgage Bonds Of shc
Union Pacific Railroad Company arc offered to the pub
lic as one on safest and most profitable investments
They are FIRST mortgage upon The longest and most
| Important railroad in the country.
2 By law they can be issued to the Company only
The road Is completed, that they always represent
real value
D. Their amount Ia limited by act Of Congress to Finy
Million Dollars the entire Pacific line or an average
ofiess than $1,000 por mile
g. Hon f. d. Morgan, Of the United States senate and
Hon Oakes Ames Of the United States House Of Rep,e
'entatves arc the trustees for the sondholder to see
that all their Interests are protected.
g. Pye Government Directors, appointed BY The pro.l.
dent Of tho United States are responsible 10 the country
for the management of Affairs.
@, Three United States Commissioner must certify o,
the road Is we'll built and equipped and IN all respects
rsolas railway before any bonds can be ssued upon
/ Il.
7. The United States Government lends the Company
~ own bonds 70 the same amount that the company
issues Tor which IL takes second mortgage a security
| s. As additional aid Il makes an absolute donation
of2o acres Of land TO the mile lying upon each dde
Of the road.
9 The bonds pay six per cent In gold and tho prinei.
pal is also payable in gold
TO- The earnings from the local or way business were
over -Four Million Dollars last year, which, after paying
operating expenses much more than ucient 70 pay
the interest These earnings will be vastly increased on
the completion Of the entire limo in 1909
A. No political action can reduce the rate Of ntorc,
Il must remain for thirty yearssir per cent per anua
"a god now equal TO between eight and mine per cent In
currency The prinapa tsn PAYABLE ia gsn fabond
with such guarantees were ssucd by the Government
t market price would not be less than nom ~ 10 Is Der
cent premium. As these bonds are issued undes Gov
eminent authority and supervision upon what Is vor,
largely Government work, they must ultimately an
proach Government prices No other corporate bonds
are made secure
~ The issue will soon be exhausted The sales have
sometimes been half million day. and nearly twenty
millions have already been sold About ten million,
more may be offered 1t Is not improbable that at some
time not far distant all the remainder Of the bons the
Company can issue will takon by some combination
ofeapalissa sand withdrawn from the market except at
large advance. The long time the high gold interest.
aud the perfect security make these bonds very
valuable for export
All the predictions which the officers Of this Compap
have made In relation 70 the progress and business su
cess Of their enterprise the value and advanco IA m,
price of their securities have been more than confirmed
nnd they therefore suggest that parties who desire to In
vest in their bonds rH find to fse arufage 10 DO so al
once.
The price for the present ol and accrued interest ut
per cent from July ist lsos, in currency
Subscriptions will be received in Montpelier by
MONTPELIER NATIONAL BANK,
and in New York
At the Company, oGes, No. % Nassau Street,
AND ny
John :. ci'co 4 Son, Banters, No. SO WaH street
And by the Company's advertised agents
throughout the United States.
bonds sent fff bHfPartes sHbsbhg through local agents
'r'a look 70 ne0i for noV sqfe delivery.
A NEW PAMPHLET AND MAP WAS ISSUED OCT
ls, containing report Of the progress Of the work to
That date, and more complete statement in relation to
the value OF the bonds than be given in an advertise
ment, which will DO sent free application at the Com
pany's Offices or to any Of the advertised agents.
JOHN J. CISCO, Treasurer New York
| Nov lst, 1863 "A daw