Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-10-21
advertisements.
ONE OF THE
REsT fNgESrNES
FIRST MORTGAGE BONDS
oy rhE
I'm ON PACT
RAILROAD COMPANY.
$50 Mites Compteted.

limited amount Of tho First Mortgage Bond. Of tho
Union Pacific Railroad Company arc offered 10 the pub
e a. one oftho nfel and most profitable investments
They arc arst mortgage upon the longest and mos,
Important railroad 10 the country.
by law they can be Issued to the comn.nv only a,
The road ID completed 50 that they always represent
real value.
Their amount Ia limited by act Of Congress, TO Finv
Million Dollars the entire Pacific line or an average
Of less than sloooo per mile.
g. Hon j. D. Morgan Of the United States senate and
Hon oases Amcs Of The United State. House Of Repre-
'enint'e are the trustees for the bondholders to see
That al their Interests are protected
Five Government Directors, appointed by the Presi.
dent % the United States arc responsible 10 the country
iof the management of affairs.
Three United States Commissioner, mus, certify thu,
the road Is we'll built and equipped and in all respects
arteia'a railway before any bonds Issued upon
70 The United States Government lends the companv
IT, own bonds to the same amount that the company
sne' for which q takes second mortgage As security
q A. additional aid It makes an absolute donation
Of $500 acres Of land TO the mile lying upon each side
Of The road
O. The bonds pay six per in gold and the prlnci.
pal Be- also payable In gold.
lo The earnings from the local or way busnc., vere
over Pour Million Dollars last year which aiter having
operating expenses was much than sufficient to paw
Che interest These earnings will be vastly increased on
ihc completion Of the entire line in 1862
DO No political action can reduce the rate Of interest.
10 must remain Tor thirty per cent per sanu
~ god now equal 90 between eight aud nine per cent In
currency. TAeprnapaih fien payable IN god III bond
with such guarantees wcre issued by the Government.
i market price would not be s than from ~ 10 q per
cont premium. As these bonds are issued under Gov
eminent authority sud supervision, upon what Is very
largely Government work, they must ultimately ap-
preach Government prices. No other corporate bonds
are made secure.
r. The issue will soon be exhausted The sacs have
sometimes been haifa million day and nearly twenty
millions have already been sold. About ten millions
more may be offered It is improbable that ut some
time NOT ar distant oil the remainder the bonds tho
Company can issue will be taken by some combination
ofcapitastsand withdrawn from the market except alta
large advance The long time the high gold interest,"
and the perfect security, must make these bonds very
valuable for export
All the predictions which the officers Of this Company
have made In relation TO the progress and business sue
cess Of their enterprise the value and advance In tho
price Of ther securities have been more than confirmed
and they therefore suggest that parties who desire to In
vest In their bonds rR ind 70 their aage 10 do 80 at
oace
The price for the present 02 aud accrued Interest ut
the ratc offs per cent currency from July st and
subscriptions will be received in MoSrreLrxn by
MONTPELIER NATIONAL BANK,
and la New YORK.
AZ iAe cop'puay'' Office, No % Nassau street,
AND BY