Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-12-23
Grand Line to the Pacific
VIII be open for Business in the Summer Of
1850.

W." W. open Tor business in the Summer of
1850.
Ihe regular Government Comm ssonera have prououu
'cd the Union Pacific Railroad to he FIRST CLASS in
every respect and the Special Commission appointed by
the President nys,
Taken as whole. THE UNION PACIFIC RAIL.
ROAD HAS BEEN WELL CONSTRUCTED, AND THE
GENERAL ROUTE FOR THE LINE EXCEEDINGLY
WE'LL SELECTED Tho energy and perseverance, with
which the work has been urged forward and the rspdity
With which t has been executed without parallel in
history and In grandeur and ma gnude Of undertaking
as never been cquallodn The Report states that any
eh'encc that exist only those incident TO all new
roads and that could not have been avoided without ma
Ierally rtardng the progress Of the great work Such
ieheienecs are supplied by all railroad npanles after
the completion Of the line when and wherever expert.
ehee shows them to he necessary Tho report conclude,
by saying that the country has reason to congratulate
ITSELF that this great work Of national inportance Is so
rapidly approaching completion uader such favorable
auspices The Company have In use I37 Iocomo-
ives and nearly 300 Of al descriptions large
additional equipments ordered to be ready in the Spring
The grading ID nearly completed and ties distributed for
I'D miles In advance Of the western end Of the track
fully N miles ofifon Tor Truck arc now delivered
west OF tho Missouri River and eomics mo.e are q, rout,
The total expenditures for construction purposes in adj
vance of the completed portion Of the road is not less
than eight million dollars.
Resides donation from the Gov OF q 400 acres Of land
per mile, the Company il entitled to a subsidy In g.
Bonds on r. line completed and accepted at the aver
ae rate about $4,000 per mile according to tho din
cultcs encountered, for which the Government takes
second lion as security The Company have already re
eeiyo se25soo Of this subsidy Of which 81 $4,000 vas
paid Dec. 9Th, and i6io,O00 Dec. 18th.
Government Aid-Security of the Bonds.
By it charter the Company is permitted to issue i.s
own FIRST MORTGAGE BONDS TO the same amount AZ
the Government Bonds, and more These Bonds are
First Mortgage upon the whole road and all its equip
mcnts. Such mortgage upon what, for long time,
will he the only railroad connecting the Atlantic and
Pacific States takes the highest rank safe security.
The earnings from the way or local business for the year
ending June ~, 1855 an average Of III miles were
over FOUR MILLION DOLLARS which, after paying
all expenses were much than sufficient to all
interest liability upon that distance and the earnings
for the last ivo months have been sl3s6,s7o. They
would have been greater u the road had been taxed
10 IT, utmost capacity to transport ts materials for
construction. The from the great passenger tray
e the China frcights, and the supplies for the new
Rocky Mountain States and Territories must he ample
for all interest and other liabilities No political &c
ton can reduce the rate ofnerest 1t remain for
thirty yoarsr PER cent per in GOLD equal 10
between eight and nine per cent. in currency. The
principal is then payable in gold. II bond with such
guarantees were Issued ~ the Government its market
price would not be less than from 20 to 5 per pre-
MUM. As these bonds Issued under Government au-
thority and supervision, upon what Is very largely
Government work, they must ultimately approach Gov
crnment prices No other corporate bonds made 50
secure.
The price for the present PAR and accrued interest al
6 per cont from July LIST, 1863 in currency.
Subscriptions will he received in MoSrrELisa by
MONTPELIER NATIONAL BANK
and in New York
Al the cOmPany' ose,, No. % Nassau su,a.
AND nv
John J. cisco 4 Son, Binko', No. 50 Val Street,
And By the Companys advertised agents
throughout the United States.
Bond sent fce pee, subscribing through assnf,,
riR look to them for tAsir safe delivery.
A NEW PAMPHLET AND MAP WAS ISSUED OCT.
st, containing report Of the progress Of the to
that date, aud complete statement in relation u
the value Of the bonds than hu given In advertise
ment which will he spnt free application st the cotl.
pany's offices or to any Of the advertised agents.
u The Coupons Of the First Mortgage Bonds Of the
Union Pacific Railroad Company due January ist 1869,
will be paid on and after that date GoLp Conn., free
Government tax, at the Companys oaee No 20 Mas
sau street. New York.
JOHN J. CISCO, Treasurer, New York.
! Doc I'm 1868 4,-dav