Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-06-03
600 MILES
OF THE
UNION PACIFIC RAILROAD

UNION PACIFIC RAILROAD
Are finished and in operation. Sixty miles Of track
have been laid this sprns and the work along the whole
line between tho Atlantic and Pacific States is being
pushed forward more rapidly than before More
than twenty thousand employed and It Is not
Impossible that the entire track from Omaha to Saera-
mento, will be finished In 1863 Instead Of $50. The
means provided are ample, aud all that energy men
money can do 60 secure the completion of this
GREAT NATIONAL WORK,
at the earliest possible day will be done.
The UNION PACIFIC RAILROAD COMPANY receive.
la 6ovEaNnESr GRANT ofthe right Of way, and all
necessary timber and other materials found alon the
lne ofits operations.
ia 6oNERNNENr GRANT Of 501 acrcs Of land TO the
mile taken in alternate sections each side of lts
road This Is an absolute donation, and will be
source Of large revenue in the future.
lll.-A G0vERSNENr GRANT Of United States Thirty
year Bonds, amounting to from $4,000 co sis0Jl per
mile, according to the difficulties to be surrounded
the various sections to be built The Govern
fneut takes second mortgage security and Il is
expected that not only the interest, but the principal
amount may be paid in services rendered by the
Company in transporting troops nails sc, The in.
terest Is now much more than paid In this way, be-
sides securing great saving in time and money to
IVA GOVERNMENT GaASr Of the right 10 issue it, own
FIRST MORTGAGE BONDS to aid in building the
road, to the amount the U. S. Bonds Issued
ior the same purpose, and no The Government
permits the Trustees for the First Mortgage Bond
holders to deliver the Bonds the Company only as
the road Is completed, aud after has been examined
hy United States Commissioners and pronounced to be
all respects arst-class Railroad, laid with heavy
7 rail, and completely supplied with depots sta
tons. turnouts. car-shnpz. Locomotives. cars. Ae
VA CAPlrAL SfOcK SUBSCRIPTION from the stock
holders OF which Eight Miiion Dollars have been
paid in upon the work already doue and which will
lie increased as the wants Of the Company require.
YI.-NEr CASH EARNINGS ON is Way Business that al
reaily amount to than tie interest on the First
Mortgage Bonds These earnings are no Indication
of the vast through traffic that must follow the open
ing Of tho line to the Pacific, but they certainly
prove that
FIRST MORT AGE BONDS
upon such property costing nearly three times their
amount
are Secure beyond any Contingency.
The Company have abundant means in their treasury,
aud make appeal to the public to purchase their
Bonds the daily subscriptions entirely sasac-
tory hut they submit that Tor entire security and lh-
eral returns, there certainly better Investment in
the market.
The Union Pacific Bonds are for 81 900 each and have
coupons attached. They have thirty years 10 and
bear annual interest payable the first days OF Janu
airy and July at the Companys Office In the City of New
York at rate ofsx per cont in gold Tho Principal
is payable in gold at maturity At tho present rate OF
gold those bonds pay annual income their cost Of
NEARLY NINE PER CENT,
AND IT rs RELIErED THAT rHEY NAY sooN BE
Ar 4 PREMIUM.
The Company reserve the right to advance the price
to rate above par at any time, and will not an
any orders receive any subscriptions which the
money has not been actually paid at tho Companys Of
hoe before the time Of such advance.
Parties subscribing will remit the par value OF the
bonds and the accrued interest In currency at the rate OF
six per cent per annun, from the date which the last
coupon was paid subscriptions will be received In
MONTPELIER by
MONTPELIER NATIONAL BANK,
aud In New York
Al ms company's Once, No. 20 Nassau Street
John !. Cisap 3 Son, Banksrs, No. ~ Baa street.
And by the Companys advertised agents
throughout the United States.
New York and ths Bonds H b. se Of charge BY
ergtss Parties subscribing through egsnt, 'rm took
10 then, for Their safs dsd,sry.
A PAMPHLET AND MAP FOR 1868 has just been pub
shed by the Company, giving fuller information thanis
possible In advertisement respecting the Progress Of
the Work. tho Resources of the Country by the
Road the Means for Construction and the Value OF the
Bonds which Will be sent free application at the
companys Offices, to any Of the advertised agents.
JOHN ], CISCO, Treasurer, New York.
May Is. 1868. loa2 daw