Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-06-18
Railroads.
tOO Miles Of the UNION PACI-
WV fIC kAIIROAD az. -, 49,,

WV Tic RAILROAD ans now nnishs,
and IN operation, Sixty miles OF track haya b.Aan
Land this spring, and the work alone the uhol.
line between the Atlantic and Pacific States is be.
ing pushed forward more rapidly than ever he.
fore, More than twenty thousand men are en-.
ployed, and Il is not impossible that the entite
track, nom Omaha TO Sacramento Will be finished
in 1869 instead Of 1870, The means provided ar
ample, and all that energy, men and money can
do to secure the completion OF this great national
work, at the earliest possible day, will be done.
/ The Union Pacific Railroad Company receive.
] IA Government Grant Of the right OF way,
aud all necessary timber and other materials
found along the line Of It's operations
"A Government Grant OF " 500 acres 10 the
mile, taken in alternate sections on each side Of
It's road THIS Is an absolute donation, and will
be a source OF large revenue in the future.
/ S-A Government Grant OF United States Thir-
ty.year Bonds, amounting TO from .l6 900 10 sis..
900 Per mile, according 10 the difficulties To be
surmounted on the various sections 10 be built,
The Government takes second mortgage as Sc
cunty and II is expected that not only the inter
est, but the principal amount may be paid in serv-
ices rendered by the Company in transporting
troops, mails, AZ The interest is now much
more than paid in this way besides securing
great saving in time and money 20 the Govern
ment.
I "A Government Grant Of the right 10 issue its
own First Mortgage Bonds, 20 aid in building the
road, 10 the same amount as the L. 5, Bonds is
sued for the same purpose, and no more The
Government Permits the Trustees for the First
Mortgage Bondholders 20 deliver the Bonds 10 the
Company only as the road Is completed and after
It has been examined by United States Commits
sioners and pronounced 10 be in all respects
hrst-olass Railroad, laid with a heavy rail, ami
completely supplied with depots stations, turn.
outs, ear-shops locomotives cars, sc,
"a Capital stock subscription from the stock.
holders, of which over Eight Million Dollars have
been paid in upoa the work already done, and
which Will be increased as the wants Of the Com
pany require.
6-Net Cash Earnings on it's Way Business
that already amount 10 more than the interest on
the First Mortgage Bonds These earning are no
Indication OF the vast through traffic that must
follow the opening of the line, to the Pacihc, but
they certainly prove that First Mortgage Bonds
upon such a property, costing nearly three time.
their amount, are securu beyond any contingency
The Company have abundant means IN their
treasury, and make no appel - The public to
purchase their Bonds, the daily subscription.
are entirely satisfactory but they suhm',. that
for entire security and liberal return. ,hrr, !.
certainly no better investment IL - 40 market
The Union Pacific Bonds AZ d. for $1,000 each.
and have coupons sttaohc' They hav. thirty
years TO run, and bear r.nnual interest. paynble
on the int days OF j. nuary and July at the COM
pany's Office IN the city of New York, at the rate
oil SIX per cent "a gold. The principal Is payable
IN gold at maturity, At the present rate OF sold,
these bonds pey an annual income on their cost
oil nearly nine per cent, and It is believe that they
VIII SO n be at premium.
The company reserve the night 90 advance th,'
price If their bonds 20 a rate above par AZ any
time, and will not MI any orders or receive any
subscriptions on which the money has no; been
actually paid at the c0mpany's office before the
time Of such advance 81 SuN~rrip,lans
will be received in Rutland ty 5 W Eows-.
Cashier of the National Rank Of Rutland, Henry
F Field, Cashier OF the Rutland County National
Bank, and in New York at the Compauy's Office
No, 20 Nassau street, and by John j Cisco & Son
Bankers, No. 50 Wall street and by the oomps-
nys advertised agents throughout the United
States
Remttanoes should II made IN drafts or other
funds par IN New York, and the Bonds will l..
sent tre" Of charge ~ return ,xrrges. Parties
subscribing through local agents will look b.
them for tho,r sale delivery
pamphlet and map for 1865, has Just t--n
published by tbs COMPANY, giving fuller luior1aa-
ton than Is pS>ibl, IN advertisement, r,sr,et-
ting the Progress ui the Work, the Eteouro,-, al
the Country trs'Rersel hy the Road the Mean, f.r
tonstrustiu, ana the Value OF the Bonds. which
VII be s'n' free uu APPLICATION al tie egmIauy's
Offices oJ 10 any of the advertised agents.
JOHN }. CISCO.
MAy-j, lsos. apsn. dS,, g,,..