Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-12-02
Advertisements.
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ONE OF THE
NEST fEIEST1EErS
He
FIRST MORTGAGE BONDS
u N 1 ON PA IFIC
RAILROAD ooNPANYl
900 MiteslC ompleted.

limited amount Of the First Mortgage Bonds Of the
Union Pacific Railroad Company are offered 10 the pub
Ito, as one Of the safest and most profitable investments
l. They are first mortgage upon the longest and most
important railroad In the country
2 By law they can be issued to the Company only
the road Is completed that they always represent
real value
D. Their amount l. Iaited w act Of Congress 10 Rny
Million Dollars on the entire Pacific line or an average
Of less thas $1,000 per mile.
Z. Hon d. Morgan, Of the United States senate and
Hon Oakc' Amos Of the United States House Of Repre-
scntatvcs are the trustees for the sondhodors TO see
that oil their interests are protected.
o. Fvo Government Directors, appointed by the Presi.
don't oftho uniod States responsible 10 the country
Cor the management Of its affairs.
g. Three United States Commissioners must certify that
the road wcl built and equipped and in all respeetsa
Grtcaa railway, before aay bonds be Issued upon
It.
2. The United States Government lends the Company
it, own bonds % the amount that tho company
issucs for which IL takes second mortgage security
g, As additional aid, II makes an absolute donation
Of 1850 acres ofland to the mile lying upon each side
ofthe road.
9. Thobouds pay per cent in gold and tho princi.
pal Is also payable In gold.
TO- Tho earnings from the local or way business woro
over -Four Million Dollars last year which, ancr paying
operating xpenses much than sufficient 10 pay
the interest These earnings will be vastly increased on
the completion Of the entire line in 1869.
H. No political action reduce the rata Of interest
Il must remain for thirty yearsr per per qnnu
IN go equal TO between eight and nine per cent in
currency TAeprinoipaf is then payable u, gos Ifnbond,
with such guarantees, Issued by the Government,
IL market price would not be less than from - to per
cent. premium. AZ these bonds issued under Gov
ernm9pt authority and supervision, upon what is very
largely Government work, they must ultimately ap
proach Government prices No other corporate bonds
are made secure.
r. The Issue will soon bo exhausted The sales have
sometimes been half million day and nearly twenty
millions have already been sold. Abou, ten million,
may be offered. 1t is not improbable that at
time not far distant all the remainder Of the bonds tho
Company can issue will taken by some combination
ofcaptalss and withdrawn from the market except al
large advance. The long time the high gold interest,
and the perfect security, make these bonds VERY
valuable for export
All the predictions which the officers Of this Compap
have made In relation 10 the progress and business
Of their enterprise the value and advance the
price Of their securities have been than confirmed
and hoy therefore suggest that parties who desire TO in
vest in their bonds r find 10 their advantage
once.
The price for the present 100 and accrued interest At
G per cent, from July LIST, 1868, in currency
Subscriptions will be received in MONTPELIER by
MONTPELIER NATIONAL BANK,
aud in New York
Al he comPangs Office, No. 20 Nassau street,
AND by
John J. Cisco 4 Son, Banters, No. 50 Waa Street
And by the Company's advertised agents
throughout the United States.
Bonds suf ee parties subscribing through local agsnt,,
oH i0ok 10 them for sheV safe delivery.
> A NEW PAMPHLET AND MAP WAS ISSUED OCT
st containing report of the progress Of the work to
that date, and complete statement in relation TO
the value the bonds than be given in advertise
ment which will he sent free application at the Com
panys Offices to any of the advertised agents.
JOHN ]. CISCO, Treasurer, New York.
Nov. lst. 1861 IS dav