Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-04-22
TIVE UNION PACIFIC
RAILROAD COMPANY
oFrGR 4 LIMITED AUGUST OF rnEa
FIRST MORTGAGE BONDS


PRlNciPAL AND INTEREST PAYABLE IN GOLD.
Tho Great Pacific Railroad Line extending l72i miles
from Omaha, the Missouri River, the tdc-waters Of
The Pacific Ocean. being built by two powerful Compa-
ncs-TnE UNION Pacific, beginning al Omaha, building
West and tho Central Pacific Of California beginning at
Sacramento building East until the two roads shall
meet
Both Companies have prosecuted the work with great
vgor the Union Pacific having already expended over
THIRTY MILLION DOLLARS,
aud the Central over Tr,afy Millions upon their respcc
tive parts Of the undertaking. THE UNION PACIFIC
HAVE COMPLETED $50 MfLEs-have iron and other
materials for two hundred miles upon the ground
and one hundred additional miles ready for the
track. They will havca much larger force employed
This year than ever before and is expected that he
500 Am 900 MILES
will be 10 operation during 1905 There to be
reasonable doubt that tho distance between Omaha and
Sacramento will be trayerscd by rail 10 1870
/ THE GOVERNMENT GRANTS i2,slo acres Of land,
aud its Bonds the average amount OF o0 per mile,
90 aid Ia the construction Of the line and authorizes the
Issue Of the First Mortgage Bonds offered for sale to
the amount aud no more. The Government takcsa
sroHd lion and glvcs 90 the First Mortgage Bondholicr.
prior lien for their security, to which large
pad-up capital is added The Bonds cannot be issued
except each section VI twenty miles De- accepted by
Government commission. that they alwhl represent
real property.
u.unvcr.ally admitted that the completion Of the
Mon pnedc Railroad IL. through husinc. will make
DO one OF The most profitable In the worldhut It's nay
e bushes. b. already several times the Interest IT,
bonds TINT, IL another mile were built. they
would be secure invcstmeut.
THE NET EARNINGS for eight months ofla.t year on
$780, while the interest al the Bonds could issue
that length Of road for That time reduced 10 currency
wa. only s3lisi6
The amount paid b, the Government for the trnnspor-
tttou Of troops, munitions stores aud mail. has been,
and douhtloa. wr continue To- he, much than the
Interest the United States Second Mortgage Bonds l
IL D. not the charter provides that after the road b.
pctad aud until said bonds and intero. paid at lca.
6yc per cent Of the net canin Of the road shall be APP
piled 20 such payment
The unlon Pacific Bonds Tor slu1 each, and have
coupons attached They have thirty year. to run, and
bear annual interest yahe the Rrstday. Of Jenuay
and July ut the Company Office in the city Of New
York at the ratio Of sy per cent 10 gold. The Principal
Is payable n gold at maturity At the present rate Of
gold, these bonds pay annual income their cost
NEARLY NINE PER CENT,
tND n IS BELErED rHlT THEY mn SOON ne
- ' fhihfAh "
The Company have but very limited supply Of their
Bonds remaining hand hot any subscriptions accepted
10 greater amount than eau he filled om Bonds now in
the Company pos'o.-on will be supplied from the New
Bonds to be ucd that portion Of the road completed
In the Spring Ia the order in which they received
The Company the right TO advance the price Of
their bonds to q rate above par at any time and will not
I'll any orders receive any subscriptions which the
money ha not been actually paid at the Company Of
doe before the time of such advance.
Parties subscribing will remit the par value Of the
bonds and the accrued interest IN currency the rate Of
six per cent per annun from the date which the last
coupon paid. Subscriptions will be received in
MoNtrElWu ny
MONTPELIER NATIONAL BANK,
and la New York
A. Tho Company, oGoe, No. N Nassau STRAIT
John j. cis'o q Son, BanIo., No. 50 gR srr1
And by the Company's advertised agents
throughout the United States.
ReBces stona b, made in drafts other fund.- par IN
Nec York and The Boaas m BE- free Of charge BY return
,prcu Parties subscribing Through local agents. irH Tool
70 than for their safs dsarcry.
A PAMPHLET AND MAP FOR 1865 has just been pub
lished by the Company, giving fuller information than Is
possible in advertisement respecting the Progress OF
the Work the Resources Of the Country ravered by the
Road the Means for Construction and the Value Of the
Bonds which will be sent free application at the
Company offices, any of the advertised agents
JoHN J. CISCO, Treasurer, New York.
April 10, 1863 1922 daw