Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-07-01
640 NIL E $
UNION PAciEc RAILRoAD

Are finished and In operation Sixty miles Of track
have been laid this spring. and the work along the whole
line between the Atlantic and Pacific States is being
pushed forward more rapidly than ever before More
than twenty thousand men employed and It IL moi
impossible that the entire raeE from Omaha to sacra
ucnto will be finished In 1869 instead Of 1870 The
provided are ample and all that energy men and
money can do to secure the completion ofthls
GREAT NATIONAL WORK,
at the earlies, possible day, will be done
The UNION PACIFIC RAILROAD COMPANY receive,
Ia GOVERNMENT GRAsr ofthe right Of way, and oil
necessary timber and other materials found along the
line ofits operations
IA GovERSNESr GRANT Off sou acres Of land to the
mile, taken in alternate sections on each side Of Ia
road. This an absolute donation, and will be a
source oflargc revenue In the future.
lll.-A GOVERNMENT GRANr Of United States Thirty
year Bonds amounting to from $1,000 to $500 per
mile, according 10 the difficulties to be surmouutcd
the various sections 10 be built Tho Govern.
ment takes a second mortgage as security and II is
expected that only the interest but the principal
amount may be paid in services rendered by tho
Company In transporting troops, mails, 6c The In.
forest j. now much more than paid la this way, be-
sides securing great saving in time and money 10
the Government
IVA GovERSuESr GaAvr Of the right To issue IT, own
FIRST MORTGAGE BONDS to aid In building the
road, 10 the same amount as the L. s. Bonds issued
for the same purpose, and more. The Government
permit. tho Trustees for the First Mortgage Bond
holders deliver the Bonds to the Company only a.
the road is completed and after IL has been examined
by United states Commissioners and pronounced to be
In all respects irstcass Railroad laid with heavy
7 rail- and completely supplied with depots, sta
tons, tumouts car-shops, locomotives cars, sc.
VA CAPIrAL SroCK SUBSCRIPTION from the stock
holders, Of which Eight Miloa Dollars have heon
paid in upon the work already done, and which will
be Increased NJ the wants Of the Company require.
Nl.-NEr CASH EARNINGS its Way Business that al
ready amount TO more than tie interest on the First
Mortgage Bonds These earnings are no indication
of the vast through traffic that must follow the opon-
Ing Of tho line to the Pacific hut they certainly
prove that
FIRST MORTGAG BONDS
upon such property, costing nearly three times their
amount.
are Secure bsyoad any Contingency.
The Union Pacific Bonds thirty years. for 81 900
each, and have coupons attached They hear annual
teres payable the FIRST days Of january and July
the Companys Office in tho City Of New York. at the
Of six per cent In gold. Tho principal is payable in
gold at maturity The price oa and at the present
rate of gold they pay liberal income on their cost.
The Company believe that these Bonds at the present
rate the cheapest security in the market and
the right to advance the price at any time.
Subscriptions will be received in MONTPELIER by
MONTPELIER NATIONAL BANK,
and in New York
Al ne company's o6es, No. 20 Ya,,n. street,
AND
John J. Cisco & Son, BANKERS, No. 80 val Shsd,
And by the Company's advertised agents
throughout the United States.
Rsniuances should made drait, other funds par u,
Ner York md the Bonds sH BE- sent free Of charge by return
erprs, Pfi subicrbing THROUGH agents rR TOOK
to them for their 'afe dehrov.
APAMPHLET AND MAP FOR Sos has Just been pub
lished by the Company, giving uier information than
possible in advertisement respecting the Progress
the Work. the Resources of the Country by the
Road the Means for Construction and the Value of the
Bonds which will be sent free application at tn,
Companys Offices or to any of the advertised agents.
JOHN J. CISCO, Treasurer New York
Mays. 1865. io.2a daw
~ ENERAL INSURANCE AGENCY.