Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1868-11-06
9eu advertisements.
900 MILES Completed {!

A LIMIT Ed amount Of the First Mortgage Bondl
IA Of the Union Pacific Railroad Company are eff
fered to the public, as Of the safest and most
profitable in restments.
l. They art first mortgage upon the longest and
most mporta 1t railroad in the country.
.. By law hey can be issued to the Company on
ly the road scompleted, that they always rep
| resent a real '; lue
,. Their amo INT is limited by act Of Congress to
Fny Million D, 8lars the entire Pacific Line or an
average ofless Il Il n $4,000 per mile.
| l. Hon E D IA 0 Ryan Of the United States Senate
and Hon Cakes Al Of the United States House Of
Representatives are he trustees for the bondhoders
[ to see that all their ia 'erests are protected.
5. Five Government Directors, appointed ly the
President ofthe United States, responsible 70 the
country for the manage nent ofits Affairs
6. Three United States Commissioners must certyy
that the road is well br It and equipped and in all
respects frstclass "a j way, before any bonds can
be issued upon it,
7. The United States Gov eminent lends the Com
pany its own bonds to the same amount that the
Company issues for VI Itch il takes second mort
gage as security
s. As additioualaid, tILakcs an absolute donation
ofI2.sOj acres Of land Q Tho mile lying upon each
side Of the road.
O. The bonds pay six pc cunt in gold, and the
principal is also payable in zole.
10. The earnings from the local or way business
were over Four MILLION DOLLARS last year, which,
after paying operating g. ,penses, was mach more
than sufficient to payth in crest. The c'rnir7a will
be vastly increased he ompleton Of tLe entire
limo in 1863
IT, No political act n can reduce the rate of u
terest 1t must IN for tlrir y yearssx per cent
per annum in gold, 10Y equal Il eight or nine per
cent in currency. 7Es PRINCIPAL is than payable in
gold. Ifa bond, VI ii such slaan eoswcre issued by
the Government, Is market pr ce ould not De less
than from twenty to tweuty-ay G PEI cent premium
As these bonds arc issued unde GOVT ramcut author
ity and supervision. upon W nat Is 7ery LARGELY
Government work, they must ultima els approach
Government prices. No otht ? c9rpor. e bonds are
made SO secure.
p. The issue viii soon be exhausted The ,les
have sometimes been halfa Il Uli.n a5,,... .rt...,
ly twenty million have alre ldy been sold. Atop,
ten millions more may Dc of re- Itisp5tf -.,.-.t
able that at some time not ar distant. au tt. -e
mainder Of the bonds the Con lp as can issue will f
taken by some combination .lrc43italf... and WITH
drawn from the i1arket exec Dt .,t large savqa.e
- s' '-i' M" -o-" ~ iefest and the pe- +
ie'' security must make ree5 lolts very valuable
nr export ]
All the predictions Which the o Ulcers Of tIl- C
pany have made in relation to th, progress and .
ness success % their enterprise the value a-d adj e
vance in the price orthcrsecurt Is. have tea more a
than confirmed, and they ther ef-e suggest th,, p
parties who desire % invest 10 p cir bonds VIII .aa c
i to their advantage TO DO so at once.
The price Tor the present is p and accrued igt,r-
st at the rate Of SIX per cent currency from July
St and sub sir.ptiols viii be received u Burlirg-
on by