The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1868-06-16
600 M 1 L o. E g., $
u MON PACIFIC

iapiuly thah ever Oebre. More than twonty
thousand men are employed and il is not impos-
sibe that the entire track, from Omaha to Sacra-
mento, will be finished in 1869 ins toad Of 1870
The means provided are ample, and all that en-
eIgy, men 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 GOVERNMENT GRANT Of the right of
way, and all necessary timber and other materials
found along the Zine OF its operations
ia GOVERNMENT GRANT OF IL, 800 acres
OF land to the mile, taken in alternate sections ON
each side ofits road. This is IN absolute donation
III-A GOVERNMENT GRANT Of United
States Thrty-year Bonds, amounting to GIG. 600
to s4S 900 per mile, according to tho difficulties TO
TO surmounted on tho various sections to DO built.
Tho government takes second mortgage as Sc
curity. and it Is expected that not only the inter
est, but The principal amount may 10 paid in ser.
vices rendered by the Company in transporting
troops, mails, &c. The interest Is now much more
than paid IN this way, besides securing great
saving in time and money to the Government
IVA GOVERNMENT of the right to issue
;ts own First Mortgage Bonds to aid in building
thoroad, to tho same amount as the U. s. Bonds.
ssucd Tor the purpose, and no more. The Gov
ernment permits the Trustees tor the First Mort
gage Bondh0lders to deliver the Bonds TO the
Company only as the road is completed and after
| it has been examined by United States Commits
sioners and pronounced to be in all respects
irst-cass Railroad, laid with heavy 7 rail, and
completely supplied with depots, STATIONS, turn
| outs, car shops. locomotives, cars &c:
| VA Capital Stock Subscription from tho
stockholders, Of which over Eight Million Dollars
have been paid in upon the work already done,
| and which will be increased as the wants OF the
| Company require.
| Vl--Net Cash Earnings on its Way Business,
that already to than the interest on the First
| MORTGAGE Bonds. These earnings are no indica-
| tion of the vast through traffic thut must follow
| the opening Of the liuc to the Pacific, bat they
certainly prove that
FIRST MORTG AGE BONDS
upon such II prhperty, costing nearly three times
| their amount, are secure beyond any contingency.
The Company have abundant means in their
| treasury, and make no appeal to tho public to
| purchase their Bonds as the daily subscriptions
are entirely satsi ictorN but they submit that
Tor entire security and liberal returns there is cor.
| tainly no better Investment in the market
| The Union Pacific Bonds are for IL 600 each,
| and have coupons attached. They have thirty
years to run, and bear annual interest. PAYABLE
On the first days OF January and July at the Com
pany's office in the City OF New York, at the rate
| Of six per cent in gold; The Principal is PAYABLE
III gold at maturity. At the present rate Of gold,
these bonds pay au annual income on their cost oil
| NEARLY NINE PER CENT,
and ii is believed they will soon be at premium.
The Company have but very limited supply OF
ihsir Bonds remaining on hand, but any subscrip-
| uons accepted to greater amount than can he
| filed from Bonds now in the Company's posses.
| sion, will be supplied from the New Bonds 10 he
| issued on that portion Of the road Impleted in
the Spring in the order in which they are receiv.
| ed.
| The Company reserve the right to advance the
| price Of their bonds to n rate above par at any
| ii ne, ana viii not fill any orders or receive an,
subscriptions ON which the money has not beer