Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-10-01
Railroads.
SO0 Miles Of the UNION PACI-
oOV Tic RAII.ROAn an, n.u an,.hsa

= stit y NltfN IANll-
and In operation, Although this mad Is built
with great Tapldlty, the work Is thoroughly done,
and is pronounced by the United States COMMAS.
sioners To be frstelass in every inspect, before II
Ia accepted, and before any bonds can be issued
upon II.
Rapidity and excellence OF construction have
been secured BY complete division OF labor, and
by distributing the twenty thousand men em-
ployed along the line for hong distances at once.
II ia now probable that the whole line 10 the Pa
eide will be completed in lsss.
The Company have ample means Of which the
Government Grants the right Of way, and all
necessary timber and other materials found along
the line Of its operations also 500 sers 81 land
To the mile, taken In alternate sections on each
siie Of its road; also United states Thuty-yrar
Bonds, amounting 10 mum el6,OoO "a sss,ooo per
mile according To the difficulties Ia he surmount-
ed on the various sections 10 be built, for which
II takes second mortgage IS security, and il ia
expected that not only the tnt-rst, but the prin-
eipal amount may be paid In services rendered by
the Company in transporting troops, mails, &C.
The earnings Of the Union Pacific railroad.
nom its Way or Local business only. during the
year ending June soth, lsts, amounted to over
FOUR MILLION DOLLARS,
which, after paying all expenses was much more
than sufficient IA pay the interest upon It's bonds,
These earnings are no Indication Of the vast
through traffic that must follow the opsnins of
the line 10 the Pacific, but they eoTtsiuly prove
tina, First Mortgage Bonds up0n such property,
costing nearly three times their aniount are en-
tirely secure.
The Union Pacific Bonds run thirty years, are
for sl,0O0 each. and have eoupns attached.
They bear annual interest, payable on the irst
days Of January and July at the coma avs office
in the city OF New York, at the rate Of six per
cent in gold. The principal is payable in gold At
maturity. The price is l02, and NJ the present
rate Of gold, they pay liberal income ON their
cost.
very important consideration in determining
the valae of these bonds IL the length of time
they have 20 run.
II is well known that a long bond always com
mands much higher price than short one. II
Is safe 20 assume that during the next thirty
years, the rate of interest in the United States
will decline as II has done IN Euppe, and We
have night 20 expect that such six per cent Sc
curitics as these will H. held AZ As hugh pre-
MUM "a those Of this Government, which, in
1857, were bought in at from % 10 % Per cent
above par. The export demand alone may pro
duce this result, AMI "a the issue OF private
corporation, they an beyond the reach Of Poliu-
cal action.
The Company believe that their Bonds, At the
present rate, are the cheapest security IN the
market, and the night "a advance the price At any
time is reserved.
~ subscriptions will be received in Rutland
by s. W Rowell, Cashier of the National Bank
of Rutland, Henry +. Field, Cashier Of the Rut
land County National Bank, and in New York
at the CGmpany's Office, No. 90 Nassau street,
and by John ]. Cisco 4 Son Bankers, No. 81
Wall street, aud by the cumpany's advertised
agents Throughout the United States.
Remlttancts should h. made in drafts or other
funds par in New York, and the Bonds viii be
sent free Of charge by return eNprss. Psriic,
subscribing through lncA agents will look t.
them for their safe delivery
\ pamphlet and map for 1865, has jus. tr,n
published by the company. giving fuller informa-
ton than Is possible in an advertisement, respect
ing the Progress Of the Work, the ke,ouress
the Country ;rayrr,cd Icy the Road, the Means fur
Construction, and the Value OF the Bonds, winch
viii be sent iIec on Application at She company
otIicus, or to any OF Tie advertised agents.
JOHN j. cisco,
Treasurer, New York.
August IT 1865. d&w3mus