Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-07-29
Advertisements.

]
700 MILES
UNION PACIFIC RAILROAD
Are now finished and in operation. ono hundred and
sixty miles Of track have been laid ths spring. and the
work along the whole line between the Atlantic and
Pacific States being pushed forward more rapidly than
ever before. More than twenty thousand men are en-
poycd, and It is not impossible that the ontro track
from Omaha to Sacramento, will be finished in 1863 In
stead Of 1870 The means provided arc ample and all
that energy and money can DO to secure the com.
pletion Of this
GREAT NATIONAL WORK,
at the earliest possible day. will be DONE
The UNION PACIFIC RAILROAD COMPANY receive
Ia GovERNNESr GnANr fthe right of way, and all
necessary timber and other materials found along The
limo ofits operations.
ia GovmNESr GHASr ofi2,sO1 acres Of land 10 the
mile taken In alternate sections on each side Of IT,
road. This BE- an absolute DONATION and will be o.
source Of large revenue IN tho future.
ill.-A CONVENIENT GRANT Of United States Thirty
year Bonds amounting TO from $1,000 to sis,ro per
mile, according TO the difficulties 10 be surmounted
the various sections 10 be built. The Govern.
mont takes a second mortgage a. security and IL Is
expected that only the interest but the principal
amount may De paid Ia services rendered by the
Company In transporting troops mails sc. The in
tercst is now much more than paid In this way, be-
sides securing great saving in time and money TO
the Government.
IVA GovEaSNESr GRANT Of the right to issue ts own
FIRST MORTGAGE BONDS. 70 aid In building the
road, to the same amount as the o. s. Bonds issued
for the same purpose, and NO more. The Government
permits the Trustees for the First Mortgage Bond
holders 10 deliver the Bonds to the Company only
the road completed, and amer has been examined
BY United States Commissioners and pronounced 60
In all respects fstolass Railroad, laid with heavy
T rail, and completely supplied with dcpots sta
lions, tumouts, car-shops, Locomotives cars, sc.
VA CAPITAL srocK SUBSCRIPTION from the stock.
holders Of which Eight MILLION Dollars have heon
paid In upon the work already done, and which will
DC Increased o. the wants Of the Company require
FI-NEr CAsu EARNINGS on IT, Way business, that al
ready amount to more than n, interest on tho First
Mortgage Bonds. These earnings are no indication
ofthe vast through traffic that must follow the open
ing Of the line to the Pacific, but they certainly
prove that
FIRsT RTGAGE BONDS
upon such property costing nearly three times their
amount.
Are Secure beyond any Contingency
Tho Union Pacific Bonds run thirty years. are for oo
each and have coupons attached They bear annual u
tcrcst payable the first days Of january and July
the Company oce in the city Of New York the rate
Of six per cent in gold The principal is payable in
gold at maturity. The price 1922 at the present
ratio Of gold, they pay liberal income theircost
The Company believe that these Bonds at the present
rate the cheapest security In the market and
the right to advance the price at any time
Subscriptions will he received In MONTPELIER by
MONTPELIER NATIONAL BANK,
and in New York
At he conpaays Office, No. % Nassau street,
AND ny
John J. Cisco 8 Son, Bankers No. 50 BaR Street.
And by the Company's advertised agents
throughout the United States.
Roatanee' should be made in drqisor other funds par in
Ne0 York, aud the Bonds ,o Be ,ei se Of charge By return
Pafies subscribing through focal agents, sa TOOK
10 them for their safe dsiirrv.
PAMPHLET AND MAP FOR 1868 has just been pub
shed by the Company giving fuller information thanls
possible in advertisement respecting the Progress OF
the Work. the Resources of tho Country rnycrsed by the
Road the Means Construction and the Value Of the
Bonds which will be sent free on application at the
company's Offices to any of the advertised agents
JOHN J. CISCO, Treasurer, New York.
July 2i 1865. "a daw