Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-08-06
Railroads.
700 Miles Of the UNION PACI
wv FIC RAlIROAD a. ., a,i

iAN hAiiisoAD ans now nnlshs4
and In operation, id0 miles OF track have -
LAID this spring, and the wuTk along the Viii.
line between the Atlantic and Pacific STATE. j. A..
ING pushed forward more rapidly than ever n.
hEe, Mow than twenty thousand men arr sr.
ployed, and II !. not impossible that the ep,,.
track, nom Omaha 10 sacramento, Will 10 finish,
IN 1888 instead Of 1870, The means provided A..
ample, and all that enemy, men and monry "a,
do 10 secure the eOmplsIion OF this great nation,
work, at the eaTlies, possible day, will be done.
The Union Pacific Railroad Company receive.
! Government Grant Of the right of wAy
and All Necessary timber and other mateFial,
iuund along the line Of its operations
Government Grant Of ~ $40 acres 10 IL.
mile, taken IN alternate sections On each s,ls \
rs road This Is an absolute donation, and vp
b s1uroe of laree revenue in the future.
S-a Government Grant of United States rh,,
ty'year Bonds, amounting to from $4,000 10 as
Oco I.r mile, according TO the difficulties IA /.
surmountei on the various sections 10 be bun,
The Government takes a second mortgage as i.
cunty, and 1t is expected tina, not only the inter.
est, but the principal amount may be paid In srv.
Ices rendered by the Company in transps.!B,
SNNlNs AAfAAaf ~" AAN hNtAtaA - NV la.A
more than paid in this way, besides seeunn.,
great saving in time and money 10 the Goyen.
ment.
A Government Grant Of the nigh, TO issue is
own first Mortgage Bonds. To aid in building The
road, 20 the same amount as the u. s Bonds, Is.
sued Tor the same purpose, and no more The
Government Permits the Trustees Tor the Firs,
Morgase Bondholdcrs 10 deliver the Bonds 10 The
Company only as the road is completed, and after
Il has been examined by United States Commi,.
sioncrs and pronounced 10 be in all respects
nrst-elass Railroad, laid with heavy T nail, ana
completely supplied with dspois, stations, turu.
outs, ear-shops, locomotives, cars, &c.
5 \ Capital stock Subscription from the s,ask
holders, OF which over Eight Million Dollars La,,
been paid in upon the work already done. ana
which Will be increased as the wants Of the Com.
pany require.
6Net Cash Earnings on It's Way cuisines.
that already amount 10 more than the inter,s, s,
the First Mortgage Bonds. These earning Az, m
Indication of the vast through traffic that nus.
follow the opening OF the line 10 the Pacific, n,
they certainly prove that Flrst Mortgage Bonts
upon such property, costing nearly thrre time.
their amount, are secure beyond any oonungenay
The Union Pacific Bonds are for 81 900 each
and have coupons attached. They have thirty
years 10 run, and bear annual interest payabl,
ON the trst days Of January aud July az the cuu.
pany's office in the city Of New York, at the ra,a
Of SIX per cent. IN gold. The principal is payable
IN gold at maturity. The price Is O2, and AZ he
present rate Of gold, they pay liberal income q
their oos.. The Company believe that :s-,,
Bonds, at the present rate are the cheapc,, ~
curty in the market, and reserve the right 20 A.,
vance the price az any time. 81 Subscriptions,
Will BE- received in Rutland by : W Rowt6
Cashier OF the National Bank Of Rutland, Henry
+. Field, Cashier Of the Rutland County National
Bank, and IN Sew York AZ the Compauy's Ode
No. 20 Nassau street, and by John J. Cisco & son
Bankers, No. 50 Wall street, and by the GONNA.
ny's advertised agents throughout The TINTED
States.
Remlttancrs should be made in drafts or OH.
funds par in New York, and the Bonds va, D.
sent tree Of charge by rytun express. rartta.
subscribing through local agents will Ia1k ?,
them ior their safe delivery
\ pamphlet ami map Tor 1855, has Iu>t t,,-
pubhshe! 10y the company, giving fuller inform.
ton than Is possible IN advert ls,Iuent. r,>I.
ing ne Progress OF the Work, the Ee,5urJ,, .
the Country tra,ersed by the Road the Mean. f.
Construction. AMI the Value Of the Bonds, vL..t
will De sent free ON Application At the c5.mpauy',
offices, OF tu any OF the advertised agents.
JOHN }. CISCO.
Treasurer New Work
Jui!.N, le"s- "a attus