Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-05-20
THE UNION PACIFIC
RAILROAD COMPANY
OFFER LIMITED AMOUNT or mmn
FIRST MORTGAGE BONDS

At PAR,
PRINCIPAL AND INTEREST PAYABLE IN GOLD.
The Great Pacific Railroad Line, extending l52i miles
from Omaha the Missouri River TO the tide-waters Of
the Pacific Ocean, Il being built by two powerful Compa
nlcs-TE UNION PACIFIC, beginning at omaha building
West and the Central Pacific Of California beginning q,
Sacramento, building Fast until tho two roads shall
moct
Both Companies have prosecuted the work with great
vigor the Union Pacific having already expended
THIRTY MILLION DOLLARS.
and the Central over Treafg Millions upon their respcc
tive parts Of the undertaking THE UNION PACIFIC
HAVE COMPLETED $50 MILEs-have iron and other
materials for two hundred miles upon tho ground
and ono hundred additional miles are ready for the
track They will have much larger force employed
this year than before and IL expected that bc
500 Axp 900 MILES
will be In operation during 1909 There seems to be no
reasonable doubt that tho distance between Omaha and
Sacramento will be traversed by rail in 1870
THE GOVERNMENT GRANTS l2,sO0 acres Of land,
and H. Bonds to the average amount OF s2 per mile
20 aid In the construction Of the line and authorizes the
issue Of the First Mortgage Bonds offered Tor sale to
the same amount and more. The Government takes
Second leu and gives to the First Mortgage Bondhodcrs
r.
pald-up capital II added The Bonds cannot be Issued
except each section of twenty miles accepted by
Government commission that they always represent
real property.
t universally admitted that on the of the
Union Pacific Railroad, IL through business will make
d Of the profitable in the worldhut Ia uay or
ioo business already several times the interest on ia
bonds so that Il not another mile built they
would be a secure inycstmcnt.
THE NET EARNINGS for eightmonths Of last yeav on
Of 1s6 miles officially reported at s069,
1885, while the interest all the Bonds could issue on
that length Of road for that time reduced currency
was only s3iis56
The amount paid by the Government for tho trauspor-
taton Of troops munitions, stores and mails has been
aud doubtless will continue 10 be- much the
interest the United Second Mortgage Bonds. II
It not the charter provides that after the road {.
pleted and until sad bonds and interest paid 1t least
five per cent Of the net earnings Of the road shall be APP
piled 70 such payment.
The Union Pacific Bonds for 81 ODl each and have
coupons attached They have thirty years run and
hear annual interest payable the hrs days Of January
and July at the Company's Office in the City OF New
York at the rate Of six per cent in gold The Principal
payable In gold At maturity At the present rate OF
gold these bonds pay annual income on their cost
/ Of
NEARLY NINE PER CENT,
AND IT IS BELiEvED THAT THEY WILL SOON ne
At 4 PREMIUM,
The Company have buta very limited supply Of their
bonds remaining hand but any subscriptions accepted
to greater amount than be Allied from Bonds in
the Company possession will be supplied from the New
Bonds to be issued that portion Of the road completed
In the Spring in the order in which they received.
The Company the right to advance the price Of
their bonds to rate above par any time and will not
I'LL any orders receive any subscriptions which the
money has not been actually paid at the Companys Of
nee before the time Of such advance.
Parties subscribing will remit the par value Of tho
bonds and the accrued interest in currency at the rate
six per cent per annum from the date which the last
coupon was paid. Subscriptions will he received in
MONTPELIER by
MONTPELIER NATIONAL BANK,
and in New York
n ms companys o6c', No. % Nassau Street,
John J. ciso 4 Son, Bankers, No. % TaR SHeet
And by the Company's advertised agents
throughout the United States.
Rsnftaness should be dratfs other funds Pay
Nsw York and the Bonas iH BE- free Of charge BY rst,
cypress. Parties subscribing through local agents, rH Tool
10 them for their safe delivery.
A PAMPHLET AND MAP FOR 1865 has just been pub
lished by the Company giving fuller information than
possible in advertisement, respecting the Progress
the Work the Resources Of the Country aversed by The
Road the Means for Construction and the Value Of tn,
Bonds, which will be sent free application at th'
Company's offices, any of the advertised agents
JOHN J. CISCO Treasurer, New York
April 10. 1863. 1927 dave