Smyrna times., 1868-12-23
ET..HEE
1900.

1SOo.
The regular Government Commissioners have pronounced
the Pacific Railroad to be FIRST CLASS in
pec the Special Commission appointed BY the President
says:
Taken a a whole, THE UNION PACIFIC RAILROAD |
HAS BEEN WELL CONSTRUCTED AND THE GENERAL |
ROUTE FOR TIN LINE EXCEEDINGLY WELL SELECT |
ED. The and with which
been urged forward and the rapidv with which been
executed without pare in history and in grandeur
magnitude OF undertaking it has been equaed The
that deficiencies only those in
cideE all roads, that have been avoided
without materially rearng the progress great
Such deficiencies supplied by all railroad companies
the completion of the line when and wherever experience
shows them to be The report concludes by saying
that the country has to congratulate itself
work of national Importance rapidly approaching
completion under such favorable auspices The Company
now have in use 1877 locomotives and nearly all
scrptions. large additional equipment is ordered to bs
ready the Spring The grading nearly completed
distributed for 100 miles in advance of the
track Fully l2O miles Of iron for track delivered
west of the Missouri River and 30 miles
The total expenditure for construction purposes
the completed portion Of the road less than eight million
dollars.
Besides donation from the Government OF
land mile the Company entitled subsidy Z.
Bonds its line completed and accepted the
per mile, according
countered for which the Government
curty The Company have already received
subsidy of which paid December sG4OOOO
Dec. I4th.
Government Aid-Security of the Bonds
By its charter. the Company is permitted to own
FIRST MORTGAGE BONDS to the as the Gov
ernment Bonds AND MORE. These Bonds First Mort
upon the whole road and all its equipments Such
mortgage what for long time, will only railroad
connecting the Atlantic and Pacific States takes the highest
rank safesecurty. The earnings way local
business for the ending June 3O 1863 average
miles, POUR MILLION DOLLARS, which, after
all expenses much than cover
interest liability upon that distance and the earnings for the
last five months have been S2s67O They would
greater the road had not been taxed to its utmost capacity
TO transport its materials for construction income
from the passenger the China Freghts and the
supplies the Rocky Mountain Territories
must ample for all interest and other liabilities No po
action reduce the rate of interest 1t must remain for
thirty CENT. equal to
between eight and per currency THE PRINCI
PIE Is THEN PAYABLE IN GOLD II bond with such
issued by the Government price
would then per cent premium. As
these bonds issued under Government authority
vision what is largely Government work they
ultimately approach Government prices No other
pOrate bonds made
The price for the present PAR and accrued interest
per from July 1865 currency.
Subscriptions will be received in Smyrna by VIM NJ Bell
Cashier Bank of smyrna,
and in New York
AT THE COMPANY's OFFICE. No. 20 NASSAU STREET
JOHN J. CISCO q son. BANKERS No. 50 WALL ST..
And the Company advertised throughout the Unit
ed States.
Bonds free parties subscribing through local agents
will look to them for their safe delivery.
| NEW PAMPHLET AND MAP WAS ISSUED OCTOBER
lt containing OF the Of the work that date
and complete statement relation value OF tin
bonds than be advertisement will be
free application the COmpanys offices, Of thu
advertised agents.
ES- The Coupons of the First Mortgage Unior
Pacific Railroad Company, due January will be paid
that date. IN GOLD COIN tax
at the Companys Office No. 20 Nassau St., New York.
John j. Cisco, Treasurer,
dec7s-3m NEW YORK.