Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-06-10
500 NJ IL Els
Or rnE
UNION PACIFIC RAILROAD


UNION PACIFIC RAILROAD
Are now finished and In opopton. Sixty miles of truck
have been laid this spring aud the work along the whole
line between the Atlantic and Pacific States Il being
pushed forward more rapidly than ever before. Moro
than twenty thousand men employed, and Il Is not
Impossible that the entire track from Omaha to sacr
ncnto, will he finished Ia 1869 instead Of 1870. The
means provided are ample aud all that energy and
money do to secure the completion of Thu
GREAT NATIONAL WORK,
at the earllest possible day will he done.
The UNION PACIFIC RAILROAD COMPANY receive,
IA GovERNMEST GRANT Of the right VI way, and all
necessary timber aud other materials found alnnghc
line Gifts operations.
IA GovEHSNEST GRANT of 2sOO acrcsof land TO the
mile, taken In alternate sections each side Of Its
rad. This IS an absolute donation, and will he
source Of large revenue in the future.
IlI-A GovEnSMENr GRANT Of United States Thirty
year Bonds amounting 10 from $1,000 to sis01O per
mile. according TO the difficulties to be surmounted
on the various sections to be built. Tho Govern
mcnt takes a second mortgage security and 1t il
expected that not only the interest, but the principal
amount may be paid la services rendered by the
Company in transporting troops nails sc. The In
tere-t Is much more than paid In this way, be-
sides securing great saving IN time ana money 70
the Government.
IVA GoyERNNESr GRANT Of the right to issue IT, own
FIRST MORTGAGE BONDS, to aid In building the
road To the amount as the L. $. Bonds issued
for the same purpose, and no more. The Government
permits the Trustees for the First Mortgage Bond
holders to deliver tho Bonds to the Company only
the road Is completed and amer it has been examined
by United States Commissioners and pronounced to be
in all respects dst-css Railroad, laid with heavy
T rail, and completely supplied with depots, sta
! tions. tumouts car-shops, locomotives, cars 6c,
VA CAPITAL STOCK SUBSCRIPTION from the stock
holders Of which Fight Million Dollars have been
paid In upon the work already doue, pnd which will
DE increased as the wants Of the Company require.
Nl.-NfT CAsu EARNiyGs ON It's Way business that al
ready amount to hp he inier'1 on the first
Mortgage Bonds. These earnings no indication
Of the vast through traffic that must follow the open
lag Of the line To- the Pacific, hut they certainly
prove that
FIRST MORTGAGE BONDS
upon such property costing nearly three times their
amount
Are Secure beyond any Contingency
The Company have abundant means In their treasury
and make no appeal the public to purchase their
Bonds the daily subscriptions entirely satisac-
tory but they submit that for ontire security aud -
eral returns there certainly better Investment IN
the market
The Union Pacific Bonds for 81 OlD each, and have
coupons attached They have thirty years To aud
bear annual interest payable the first days Of Janu-
ary and July at the Company ONCE IN the City Of New
York ~ the rate Of six per cent In gold The Principal
is payable Ia gold at maturity Az the present rate OF
gold, these bonds pay annual income on their -tof
NEARLY NINE PER CENT
AND Er Is BELJETED THfT THEr MAY SOON M
IT PREMIUM
The Company reserve the right to advance the price
10 rate above par at any time and will not oil
any orders receive any subscriptions on which the
money has not been actually paid at the Companys Of
Zoe before the time Of such advance
Subscriptions will DO received In MONTPELIER by
MONTPELIER NATIONAL BANK,
aud in New York
a ne compaag', oacs, 40, % Nass@" STRAIT,
ASn ny
john j. cisoo 4 Son, BraGas No. 50 WaH sfrso,
Aud by tho company's advertised agents
throughout the United States,
Rtatancss should BE- IN sqfis or other funds pg
Ne,e York The bonds p BE- free Of charge BY reiaH
cypress subscribing through ioea agents. 'saH tool
10 llsn 10, their safe dsl,ery.
, APAMPnLRT AND MAP FOR 1865 has just heeR pub
lished by the Company giving uller Information thanh
possible advertisement respecting the Progress o
work the Resources OF the Country taversod by tn
Road the Means for Construction, and tho Value of tn
Bonds, which viii be sent free on application at tn
Compsnys Offices or to any Of the advertised agents.
JOHN j. CISCO, Treasurer, New York.
Maya5. 1865. lo22 ia