Smyrna times., 1868-05-13
Gold for GreenbacIks.

nou'u one oil our prominent business whose word wa
beyond questioning announce that for purpose of compe
ing work OF great value to the public he hed IN borrov
money his notes, paying per cent in+aros IN i t,
ioand furthermore, that while he would take
par ne "oud redeem the notes in gold would be hut
the one question of security decide ayoraby before the 40
mand for these notes would be great a to reouire
Office for the reception and accommodation of the
anu the more promises to he should ISSUE the
eer would the public he pleased. Now the Union Pacific
Nsroad Company is making such proposal to all who
nave money for investment The Treasurer of that
eS o sale the company First Mortgage Bons at mar and
interest IN currency but the principal and
" %oti As TINS a proposition Of Eberaity let
" rec the security is satisfactory. uot the promise to
gold Tor @rcenllckS is worthless
"a ~ nH' pace n" assets OF the Company ample The
u "'e Is hehg butt from the Missouri has an as
surnce OF success such railway of tn. country
st II VIII be the only passage and
by which the miner, the trader the farmer and the cani..
VINO hep TO develop the rich Interior Territories will reach the
OF The East and West 1t will also be the
railroad over which the trade between China Japan Eastern
India or Australia and Europe find its shortest route To
meet these requirements and to be enduring internal i'm
PoVeneht the Road is being thoroughly built and fully equip
ped When Congress granted very liberal aid in the CON
structon OF the nc it required a successive section
twenty miles should be fayorby reported upon by three
erneht inspectors AS rscass every respect before that
Instance should ne opened or business. The Road
goo" OF Sei with certainty of large rrune;iye af
fc.
Upon this road the bonds for sale first
Government donates toward the bu,!dng of the
i %''IV tIeN OF puhlc dnu Tor completed
S" the right OF way through the national domain # t loans
tel states bon to the Company ;he average amount Of
Sm per mile So great is the national importance of the
WORK ana so evident its financial success, that for security r
TINS loan the Government accepts a second lien giving 10 hold
ers Oh the C0mpanys own bonds absolute first mort nm
ou e entire Road What better security could be asked for
than this2 "
But there is anotherand perhaps the most evidence
o te financial soundness of the Companys paper The com
peted portion of the Union Pacific extends $50 miles from
ohaha TO the Laramie Mountains More than two hundred
ana hY miles oil the line built last year. Each day saw
an advance OF the end of the completed track 1t was bull in
TO tue Wilderness with its prospective many hundred
miles away upon the Pacific coast It pioneer not the
follower o the population aud civilization. Naturally its
hlneSs would be light at least until reaching the mining CEN
er Yet the report of the Treasurer shows the remarkable
on the incomplete section than three times the in
eret upon the bonds which had This is an evil
dence OF prosperity which gives payment of in
erest upon the bonds AMI furnishes powerful incentive t
push the road to the earliest practicable competion
Much might be said of the mission Union Pacific Rail-
Dad Company in populang and developing the western half Of
the American Continent, and commercial supremacy
which will cuSure to the United by reason of the for
elgn trade which will CONTROL but object has been TO sim
ply examine the security which Company propose TO
pay principal and interest gold US it seems evident that
the security sufficient and investment bonds good
run particulars and valuable pamphlet may be obtained of
the Company advertised acents.-Ex.