Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-06-25
Railroads.
IeiO Mles d lhe Union PACI.

k1h Miles OF the UNION PACl-
VIZ fIC RAILROAD ans now finished
and in operation. Sixty miles Of track have been
laid this spring, and the woIk along the whole
line between the Atlantic and Pacific States Is he.
ing pushed forward more rapidly than ever be.
fore, More than twenty thousand men arr TN,
ployei, and ii is not impossible that the entire
track, nom Omaha to Sacramento, Will be finished
in lSd9 instead Of 1879, The means provided are
ample, and all that energy, men and money can
do TO secure the completion OF this grcat national
work, at the earliest possible day, wall be done,
The Union Pacific Railroad Company receive;
IA Government Grant Of the right OF way,
and all necessary timber and other materials
iound along the line Of IT'S operations,
A Government Grant Of 4, 500 aerys 10 the
mile, taken IN alternate sections un each side Of
lts road, THIS is an absolute donation, aud will
BE- a source OF large revenue in the future.
S-A Government Grant OF United States Thlr-
ty-yeaT Bonds, amounting TO from tl6,OO0 10 siS,.
600 par mile, according 10 the difficulties 10 be-
mrmounted On the Various sections TO be built,
The Government takes a second mortgage as Sc
eunty, and it IS expected that not only the iutcr-
est, but the principal amount may BE- paid in s.ry-
ICES rendered by the Company IN transporting
tToors, mails, Sc The interest Is now much
more than paid in this way, besides securing a
great saving in time and money 10 the Govern
ment
Government Grant Of the right 10 issue II,
own Firt Mortgage Bonds, 10 aid m building the
road, 20 the same amount as the L. :. Bonds, Is
sued for the same purpose, and no more. The
Government Permits the Trustees for the First
Mortgage Bondholdcrs 10 deliver the Bonds TO the
Company only as the road is completed, and after
It has been examined by United States Commis-
sionors and pronounced 10 b. in all respects d
trst-elsSs Railroad, land with heavy I rail, anJ
completely supplied with dcp1's, stations, turn
outs, oar-shops, locomotives ears, sc.
5-A Capital Stock Subscription frum the STA, a.
holders, OF which over light Million Dollars have
been paid IN upon the work already done, and
which Will be increased as the wants uf the Conn
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 alc No
indication OF thu vast through traffic tina, must
follow the opening OF the line 70 the Pacific, bur
,hey certainly prove that FIrst Mortgage Bond,
upon such property, costing nearly three Times
their amount, arr secure beyond any contingency.
The Company have abundant means IN their
treasury, and make no appeal 10 the public 90
purchase their Bonds, the daily subscriptions
arc entirely satisfactory but they submit that,
for entire security and liberal rtuns, them l.
certainly no better Investment in the market.
The Union Pacific Bonds arr iur 1900 each,
and have coupons attached. They have thirty
years 10 run, and bear annual interest, payable
ON the frs; days Of January and July a, thc COM
pany's office in the city OF New York, AZ the ra',
of six pcr cent. in gold. The principal Is payable
IN gold AZ maturity. TIL, ruge is Iu2, and AZ the
present rate Of gold, they pay 70 literal income on
their cost. The Company believe that these
Bonds. AZ the present rate, arr tho chsaT->, >o-
curty Ia thu market, and u-,rv, the right "a adj
vance the price AZ any time. 81 Subscriptions
will be received in Rutland by ;. ", EowgN
Cashier of the National Bank of Rutland, lIsup
+. Field, Cashier Of The Rutland County National
Bank, and in New York AZ the Camp9ny's Office
No. 20 Nassau street, and by John J. Cisco X son
Bankers, No. SO Wall street, and by the comra-
ny's advertised agents Throughout Tie United
States.
Remttanccs should be made in drafts OF other
funds par in New York and the Bond. viii De
subscribing through local agents, Will look 70
them for their safe delivery.
4 pamphlet and map for SIS, has just been
published by the company giving tuIlrr niorsna-
ton than Is possible in an ADVERTISEMENT respect
ng the Progress Of the Work. tile N,aoutt,, 90
the Country trav'rsed Wy the Road, the Moan. IT,,