Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-07-02

n1n Miles Of the UNION pACI-
O1N( EIn MAII nnAn-nr- =. n.-,'h.A


AMI tn operation siNty miles 81 track have been
lad this spnng, anil the work alung the whole
line between the Atlantic aud Pacific States ia be.
Ing pushed hr~ad uwr rapial, than ever be.
tone, MoEe than tstpts thousand men are EN-.
played, and II Is pH mi,ss,blr that the entire
track, nom Omaha to>tg,lueuto, wall Ia finished
IN 1869 instead Of lSsa ftt lnean, provided arr
ample, and all that cheney, tagu aud money can
do 70 seeure the completion ri tbs gl,at national
work at the earliest possible lay, Vii BE- dome.
The Union Pacific Rallruad Company receive:
A Government Grant Of the nsht al way,
and all necessary timber aud other materials
ioahd along tht l'ne u It, operations,
4 Government Grant II L. sun ANS 10 the
mtle, taken in alternate s,ytou. "a each slae Of
rs 1a'd thus Is an absolute d,uation, aud win
h source Of large rrveuas IN the future.
I 3 Government Grant II United States Thir-
/ ty'year bands, amounting to trom $500 10 sis..
coo ptr mile, according Ia the difficulties 10 be
shtmounted on the yaTiuu, sections 10 be built.
/ The Government takes a second mortgage as Sc
enntS aud At is expected that not only the inter.
cat, but the principal amount may b. paid in sery
iees rendered by the Company in transportinr
uppls, mails, &C. The interest is now much
more than paid in this way, besides securing a
great saving IN time am money to tho Govern.
meut,
Government Grant Of the right 10 issue lis
own fnst Mortgage Bonds, 10 aid in building The
rad, 70 tie same amount as the L. : Bonds. is,
sued for the same purpose and no more The
Government Permits the Trustees Tor the First
Morgage Bondholders 10 deliver the Bonds 10 the
company only as the road IS completed, and after
4 has been examined by United States Commits
slonrrs and pronounced 10 b. in all RESPECTS 4
t'st'elass Railroad, laid with heavy I ran. and
completely supplied with dcrots, stations, Turn. |
outs, ear-sh1p-, locomotives cars, sc.
\ capital Stock Subscription nom the stock.
halasrs, At which over Eight Million Dollars have
b.en pad IN upon the work already done. and
which will h increased as the waut~-rs-s Com.
pany require
i. Net Cash Earnings on its Way business
that already amount 10 mnrr than the interest on
the First Mortgage Bonds. These earning are no
indication OF the vast through traffic that mus,
follow thu opening OF the line 10 the Pacific. hut
they certainly prove that Fl,st 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 TO thu pubic 10
purchase their Bonds, the daily subscriptions
are entirely satisfactory; bat they submit that
for entire security aud liberal returns, there Is
certainly uo better Investment in the market,
The Union Pacific Bonds arr for a geo each.
aud have coupons attached. They hay. thirty
wears TO run, aud bear annual interest, payahle
an the first days Of January and July Al the com.
ntny uihec in the city Of New York, Al the rate
II SIX par cent, in gold. The principal is payable
n gold at maturity The price Is %, ana at the
present rate OF gold, they pay liberal income on
heir east, The Company believe that these
Bonds at the prcseu, rate, are the cheapest se.
ur'ty ~ the market, and reserve the right 10 ad-
rance thr price At any time ~ Subscription.
ALL bee Received in Rutland by $. W. Rowell.
'tshttr q the National Bank u Rutland, Henry
?. tield, Cashier OF the Rutland Comfy National
iank, and IN New York at the Compauy's Office n
&c. 20 Nassau 81. e. and by John J. Cisco & son r
"oaeiS, No, as Wall street, and by the conpa- Ii
3 advertised agents Throughout the United
t,',s
Erw'trces should he made in drafts or other h
inls IaE IN New York, and the Bonds will be b
mi tree 81 charge by return express. Parties
describing through local agents, viii look to {
irm for 'he.r sate delivery :
\ p4mphie, aud map Tor 1865. h4, ,u~t been
i9'ishvd hy the company, GIVING fuller iutor1na-
On than Is lTf>sbe imam advertisement, respect d
~ the Progress OF the Wurk, the Er>3urt,s OF :
ne country ;IaNrrs a ty the Road, the Means for V
'"~'ructioa aad the Value Of the Bands, which
''i b" sent h'er"" aspiration at the company, =
At-- or 20 any ol the Advertised agents.
JOHN }. CISCO. -,
May, 1865. ap dNw 3In srN'