Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-09-03
Railroads.
7S0 Miles Of the UNION PACI-
Wv nc RAILROAD arr now Nn,.t,.,


aud Ia operation, Although this mad /, tulit
With great upl,ty, the work Is thoroughly done,
AMI i pronopno,l BY the Unitsa States Commis-
s'oneFs e l. tJ,t-elAss IN every ryspeot before II
Is accepted, and before any bonds can bs issued
upon It,
kaPdlty and excellence III construction have
heen seeured by complete division OF labor, aud
by distributing the twenty thousand men en-. .
ployed along the line Tor long distances at onee.
IL Is now probable that the whole line To the Ia. .
eide sll be Completed IN ls.9,
The Company have ample means ol which tbs
Government Grants the right Of way, ana al
necessary umheT and other materials inuld ..uni,
the lne OF IT, operations also soO acrss At land
10 The mile, taken in alternate SECTIONS on each
SIDE " is rlali also United States Thnty-yru
Bonds, amounting "a tIum ,sgunN 20 $500 m
mile, aooordiRs 10 the difficulties a. b. suTmaunt,
cd on the various sections 20 h. built, for Which
il takes second mortgage - security, and lt Is
expected that hot only the interest, but ths pnn,
eipal amount may be paid ia ssyyi,es rendered by
the Company in transporting troops, mails, &C.
The earnings Of the Union Pacific Railroad
from it, Way on Local business only, during the
year ending June saith, lSGs, amounted 10 over
lhN MtlsllbN AhilisAisNs
which, after paying all expense. Wa 1.aah none
than sufficient 70 pay the ,ptsgt4t upon is bond.
These eaminys are 40 Indication ut the VA,
through traffic that must follow the opening II
the line 20 the Pacific, hut they certainly pguy,
that Flrst Mortgage Bonds upon such property
costing nearly thice times their amount, ARE en-
tirrly seeur
The Union Pacific Bonds run thuiy years. are
for slouO each, aud have coupnus .ttaeh,l
They hgAr annual interest, payable ON the urs'
days OF January and July At the oomaHys otic,
IN the city OF New York, At the rate OF six I'll
cent. IN gold, The punrral Is payable IN guld AT
maturity, The pucc Is lo., and at the present
rate OF gold, they Iay hbgrl income uu then
cost.
Av,ry mp1r,an, consideration in determining
the value Of these bonds Is the length Of tim,
4 they have ~ run.
: II Is well known that a long bond always CON,
: manls much higher ruce than short enc. Il
: is safe 60 assume that during the next thirty
years, the rate OF interest in tho United state
: viii decline a. it has done in Lurupe, and W
have a night 90 expect that such S,N pr cent, 50
: curitics As these Will H. held ~ rs high pr'
. MUM "a those Of tLis Government, which, 1
n 1851, Ncro bought Ia az uom 20 to -a Ter crn
above par The export demand alone may pr
, luce tbs result, anil a. the issue IT rriva,
>, corporation, they ar' beyond ~" reach Il pallt
cal action.
The Company believe 'Aat tas,g Bouls, az IA
- present rp:e, ar the cbeales; security IN N
: market, aud the nigh, 90 uylur. the Iriee ~ an
~ time Is reserved.
~ subscriptions viii be received IN Rattan
by :. w. Rowell, Cashier Of the National Ban
: of Rutland, Henry +. Field, Cashier IT the Ru
:, land County National Bank, and IN New Nul
- a, the Companys Office, No. 20 Nassau STR,
and by John J. Cisco 4 son Bankers, No.
n Wal street, aai by the elmpauy's advertls
- agents throughout ;he United states,
So Eemt,'antgs shoall Ne mas. IN dratts or u.
funds par in New NurS, and the Bonds Will
n sent fryc OF charge Icy return express, Part
subscribing through local agents, VII! look
them Tor their safe delivery,
at pamphlet and map for 1855, has just hc
a- published Icy the company, giving fuller inform
ton than is po-stt,, ia an advertisement, resp"
- ting the Progr's, oi The Work, the Resources
II the Country traycrsal 10y The Road, the y ans
ia Construction, and the value If the Bot..s, VIII
~. will be sent free on Application at the eompan
Office OF % any OF the advertised asrnts.
ne JOHN J, CISCO,
IL Tlt...ug New York.
. Augtis, y, ls5s. d&Sarnos