Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-10-14
Advertisements.


limited amount fthe First Mortgage Bonds Of the
Union Pacific Railroad Company are offered TO the pub
io as one Of The safest and most profitable Investments
j. They are first mortgage upon the longest and most
Important railroad In the country.
by law they can be Issued 10 the Company only AZ
t'e road completed, so that they always represent
real value.
q. THOR amount Il limited by act OF Congress. to Finv
Million Dollars the ontre Pacific line. or an average
of less shan 31ooo per mile
Hon 4. %. Morgan Of the United States Senate. and
Hon. o1ke Amc' Of the United States House Of Repre-
euavcs, are The trustees for the bondholdcrs 10 see
that all their intorcsts ore protected.
Five Government Directors. appointed by the Presi.
dent OF the United States responsible to the country
iur the management OF "a affair.
Three United States Commits must certify that
the rood s we'll bnut and equipped and In all respoctsa
hrscia railway, before any bonds can be issued upon
H.
% The United States Government lends the Company
ts own bonds to The amount that the company
sue' Tor which 10 takes second mortgage as security
s. A. additional aid Il makes an absolute donation
Of " o acres ofand to the mile lying upon each side
Of the road
% The bonds pas SIX per cent in gold, and the prnc
pal o. aso payable In gold
io Tho earnings from The local or way business wero
over foar Million Doapf last year, which, aor paying
operating expenses much than sufficient to pay
the interest Those earnings will be vastly Increased ON
the completion Of the entire limo in 1902
o.. no political action can reduce the rate OF interest
1t must remain for thirty ycar,sr ,r cent per auuum
~ go now equal TO between eight and nine por cent in
currency The principal then payable in goid ia bond
with such guarantees, ssued by the Government
s market price would not be less than from to 25 per
cent premium. As those bonds issued under Gov
eminent authority and supervision upon what Is very
largely Government work. they must ultimately ap-
proaeh Government prices. No other corporate bonds
are made secure.
2. The issue will soon be exhausted The sales have
sometimes been halfa million day and nearly twenty
millions have already been sold. About ten millions
more may be- oered 1t Is not improbable that at some
tmo not far Distant all the nder Of the bonds tho
Company can issue viii DO taken by some combination
ofcapitalt and Withdrawn from the MARKET except at
large advance The long time, the high gold interest
aud the perfect security must make these bonds very
valuable FOX export
All the predictions which the officers Of this Company
have made in relation to the progress business sue
cess Of their enterprise the value and advance in the
price Of their securities have been than confirmed
aud they therefore suggest that parties who desire to In
once. '''''''''' 80 "' ~ ."
Subscriptions will be received in MoSrrrLmR by
MONTPELIER NATIONAL BANK,
and In New York
AZ me- conpmgs Office, No. 20 Sa'sqr spss,
! AND BY
John j. cisco & SON. sanker,, No. 90 vol street,
And by the Company's advertised agents
throughout the United States.
Bonds sent free bar subscribing through focal agents,
rH iook 70 tsen for thar 'qjs delirery.
a NEW PAMPHLET AND MAP WAS ISSUED OCT
st 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 be sent free application the Com
Iany's offices or to any Of the advertised agents.
JOHN j. CISCO, Treasurer, New York
Oct 5th 1905. IS daw