Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-11-04
FIRST RTGAGE BONDS
U N ON ACTP IC
RAILROAD COMPANY.
900 Mites Compieted.

limited amount Of the First Mortgage bonds Of the
Union Pacific Railroad Company are offered 70 rs pub
c a. ono ofth safest and most profitable Investment
l. They are irs, mortgage upon the longest and mo-,
important railroad iu the country.
By law they can be issued to he Company ouly a
the road Is completed that they always represent
real value.
B. Their amount IL limited by act Of Congress TO Finy
Million Dollars the entire Pacific limo or an average
ofless than $4,000 per mile
g. Hon =. D. Morgan Of the United State. sonata and
Hon. oakes Amcs Of the United States Houss Of Repre-
santatve are the trustees for tho sondhoders TO zoe
that all their interests arc protected.
s. Five Government Directors, appointed by The Pres
dent ofhe United States arc responsible v, tho country
Tor the management Of it, aflAr.
6. Three United States Commissioners must certify that
the road we'll built and equipped and in all respects.
frstelass railway, before any bonds he issued UPON
| H.
2. The United States Government lends the COMPANY
IT, own bonds to the same amount that the company
issues for which IT takes second mortgage security
q. Az additional aid It makee an absolute donation
ofl2o acres ofland TO the mile lying upon each lido
ofthe road.
o The bonds pay six per cent in gold and the prncl.
pal Is also payable in gold.
10. The earnings from the local or way business were
over -Four Mutton Dollars last year which, amer paying
operating expenses, was much than sufficient pay
the interest Those earnings will no vastly increased ..
the completion Of the sntlre line In 1869.
H. No political action reduce the rate Of interest,"
IL must remain Tor thirty yearssr per cent per an.ns
in goH now equal to between eight and nine per cent in
currency The principal s then payable gold s bond,
with such guarantees were Issued by the Government
L. hat 4. A..
cent premium. As these bonds Issued under Gov.
ernmen authority and supervision upon what is very
largely Government work, they must ultimately APP
proach Government prices No other corporats bonds
are made secure
IT, The issue will soon be exhausted The sales have
sometimes been half million day and nearly twenty
millions have already been sold. About mIlIons
more may DO offered 1t Is not improbable that at soma
time not far distant all the remainder OF the bonds the
Company can issue viii iaken by some combination
ofcaptaliss and Withdrawn from the Market except at
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 oaiccrs Of this Coppsr
have made in relation 10 the progress aud business sas
Of their enterprise, the value and advance
price Of their securities have been than confirmed.
and they therefore suggest that parties who desire 10 In
vest In their bonds mil find sh afsiags TO do 90 az
once.
The price for the present Is 100 aud accrued interest al
6 per cent, from July let, 1865, in currency
Subscriptions will he received In MosrPsukR by
MONTPELIER NATIONAL BANK.
and in New York
At hs compmys o6e,, No. % Ss,sar sh,sf.
BY
John J. Cisco q Soa, Banksrs No. 50 Val sh,,f
And by the Company's advertised agent
throughout the United States.
Bonds sent Free but parties sHbsibing through local gf.
| rW took to them for heT sqfs dsttery.
A NEW PAMPHLET AND MAP WAS ISSUED OCT
ls containing report Of the progress Of the work ia
that date, aud a complete statement in relation ID
the value Of the bonds than be given In vere.
meni which will be sent free application at the Com
pany's Offices or to any of the advertised agents.
JOHN J. CISCO, Treasurer, New York
Nov. LIST. 1868. IS da,v