The national Republican., 1868-12-21

FIRST MORTGAGE BONDS
AT PAR.
NINE HUNDRED AND SIXTY MILES
Of the lire west from Omaha are now completed.
and the work is going on through the winter. As
| tho distance between the flashed portion Of the
Union and Central Pacific Railroads Is now less
than 400 miles, and both companies are pushing
forward the work with great energy. employing
| over 5000 men, there eau be no doubt that the
GRAND LINE TO THE PACIFIC
Will be Open for Business I'm the
summer OF 1850.
| Tho regular Government Commissioners have
pronounced the Union Pacific Railroad to be FIRST
CLASS in every respect, and the Special Commits
| sion appointed by the President says:
| "Taken as Q whole, THE UNION PACIFIC
| RAILROAD HAS BEEN WE'LL CONSTRUCTED
AND THE GENERAL ROUTE Foa THE LINE
EXCEEDINGLY WELL SELECTED. The energy
/ and perseverance with which the work has been
| urged forward. and the rapidity with which It has
been executed without parallel in history. and
| In grandeur and magnitude OF undertaking II has
never been equalled." The report states that any
deficiencies that exist only those incident to all
new roads, and that could not have been avoided
without materially retardlng the progress Of the
great work. Such deficiencies are supplied by all
railroad companies after the completion Of the limo.
when aud wherever experience shows them TO be
necessary. The report concludes by saying that
"the country has to congratulate itself th at
THE great work Of national Importance is rapidly
L approaching completion under such favorable
/ auspices. +" The Company now have In use lS7
locomotives and nearly 2,ooJ cars OF all descrip-
tons. A large additional equipment Is ordered to
be ready In the spring. The grading is nearly com
plste and ties distributed for I'D miles In advance
f.l. - h. E..Ii. ..II..
Of iron for new track are delivered west Of the
Missouri river. and % miles moro are en- route.
The total expenditures for construction purposes In
advance OF the completed portion Of the road Is not
| less than eight million dollars.
| Besides donation from the Government Of IL soc
acres OF aud per mile, tho company Is entitled to
subsidy In United States Bonds Its line as com
pleted and accepted. at the average rate Of about
va. 200 per mile. according to the difficulties en-
eountered, for which tho Government takes q sec
| ond lien as security. The Company have already
L received s22.l6s,0 zoo Of this subsidy. Of which
N. 30, 600 was paid Dec. 0. and seD, 900 Dec. H.
Government Aid---Securily Of tho Bonds.
By Its charter. tho Company Is permitted to issue
Its own FIRST MORTGAGE BONDS to the same
| amount as the Government Bonds. and no more.
| These Bonds are First Mortgage upsu the whole
| road and all Its equipments. Such a mortgage
upon what. for long tine, will be the only rail-
| road connecting the Atlantic and Paeihc States.
| takes the highest rank as a safe security. The
earnings from the way or local business for the
year ending June 30. 1853. on an average Of 47l
miles. were over FOUR MILLION DOLLARS.
| which. after paying all expenses, were much more
than sufficient to esyer all interest liability upon
| that distance, aud tho earnings for the last ave
months have been sl, $780, So They would have
been greater. II the road had not been taxed to it,
utmost capacity to transport Its own materials for
Il fl..l..
ger travel. the China fre ghts and the supplies for
the new Rocky Mountain States and Territories
must be ample for all interest and other liabilities
No political action reduce the rate Of inter
II must remain for thirty years-sfr per cent. per
| dnnum In gold. now equal to between eight and
aino per cent. In currency. The principal Is then
payable IN gold. II a bond with such guarantee
| were issued by the Government, Its market price
would not be less than from % to % per cent pre-
MUM. As these bonds are issued under Government
authority and supervision. upon what is very
largely Government work, they must ultimately
approach Government prices. Ne other corpo rate
bonds are made SO secure.
The price for the present Is PAR. aud accrued In.
terest At per cent from July l, 1858, In currency
Subscriptions will bo received in washin gton BY
First National Bank, Ritten.
house, Fowler d Co.,
and In New York
At the ComPnny's Omce, No. GO
Nassau street,
| ASDBY
John }. Cisco Il Son, Bankers
No. SO Wall street,
And by the COmpany's advertised agents through
out the United States
Bonds sent Jrss, but parties sabseriJiR9 throu0l
local agents, pRi look TO hsm for their safe de
| hUsry.
ANEW PAMPHLET AND MAP WAS IssURI
OCTOBER lst. containing a report Of the progress
Of the work to that date, and q more eomplet,
statement In relation to the value OF tho bonds thar
can bO given in an advertisement, which will b.
sent free en- application at the COmpany's ofacss
or to any Oftho advertised agents.
JOHN J. cisco,
Treasurer, New York.
DECEMBRR Is. lsGs. dee2l-lm
IITEITED STATES PATENT oFFIGR,
y ,wAsHIsoros, p. Ca Dec. IS, 1868.
valley sdm ssatS ffH2Esa HsM
Van Riper, deceased, praying for the exteRson Q
isiS, i;T 81 " 9PESysPsnt n y % If LGS@.'
So OpposS Sa @ ii assSa sssns nassA sSS'
ssS StRsT asg. SSd SS1 RS sa In
de2l -h3W Commissioner Of Patents.
y WAsHJs0ToE, b. O., Dee 10, 1888.
| On the petition q LEhUKL 7. W EiLs, of st. Louis
Mo-. praying for the extension OF patent grantee
him on the 9th day OF March, 1855, for an improve
mfnI IN rdtSS PdriSaiHS ISS prsss IA Do,,,,0n
| once on the LIST day Of March next Any persoI
may oppose this extension, Objections, ,dep0sitonL
twenty days before the day Of hearing.
| ELISHA R00TE,
| deH -M3W Commissioner Of Patents,
10PERA GLAs q ELS.
just received, by -hteamer Vile de Paris, On,
Hundred of P0ToEIE'S OPERA GLASSES, com
''s NJ VI" 'Ww''6' aETzEROTT CO.,
deol2'lw No, SIS Pelnsyiyania avenue.