Smyrna times., 1869-01-06
E-T-r.H':E:s
NINE HUNDRED AND SIXTY MILES

1900.
The regular Government Commissioners have pronounced
the Union Railroad be FIRST CLASS every
pec the Special Commission appointed by the President
says:
Taken as a whole. THE UNION PACIFIC RAILROAD
HAS BEEN WELL CONSTRUCTED, AND THE GENERAL
ROUTE FOR THE LINE EXCEEDINGLY WELL SELECT
Ed energy perseverance with which work has
forward and the rapditv with has been
executed without paree in history grandeur and
magnitude OF undertaking has been equaled The
report states that deficiencies that exist only
cdent all roads, and that could been avoided
without materially etadng the progress of the great
Such deficiencies supplied by all railroad companies
the completion Of the lne when and wherever experience
shows them be The report concludes by saying
that the country has congratulate that this
great work of national Importance rapidly approaching
completion under such favorable auspices The Company
have in 1877 locomotives and nearly all
scripons large additional equipment is ordered be
ready in the Spring The grading nearly completed and ties
distributed for 100 miles in advance of the
track Fully 2O miles OF iron for track delivered
west of the Missouri River and 80 miles
The total expenditure for construction in advance
the completed portion of the road not less than eight million
dollars.
Besides donation from the Government of 1880
land per mle the Company entitled to subsidy in L.
Bonds its line completed and accepted the
about $4,000 mile. according the difficulties
counered for which the Government takes second lien
cury The Company have already received SQ25OO of this
subsidy of which paid December 9Th
Dec. l4th
Government Aid-Security of the Bonds
BY its charter the Company permitted its own
FIRST MORTGAGE BONDS to the as the Gov
ernment Bonds These Bonds First Mort
upon the whole road and all its equipments Such
mortgage what for long time will be the only railroad
connecting the Atlantic and Pacific States highest
rank sa security The earnings the way or local
business for the ending June average 2
miles. FOUR MILLION DOLLARS which, after
all expenses sufficient to all
last five months have been S2s6SO They been
greater the road had been utmost apacy
to transport its materials for construction. The
from the great travel the China Freght and
supplies for the Rocky Mountain States Territories
must be ample for all interest and other liabilities No polti
action reduce the rate of interest 1t remain
thirty years-sIx CENT GOLD equal
between eight and nine cent in THE PRINCI
PIE Is THEN PAYABLE IN GOLD. If bond with such
issued the Government its market price
would not be less then from 90 to Is cent As
these bonds issued under Government authority and
upon what very largely Government work. they
ultimately approach Government prices No other
pOrate bonds made so secure.
The price for the is PAR and accrued interest
per cent from July |, ls65
Subscriptions will received Smyrna by VIM. NJ Bell esq.,
Cashier Bank Of smyrna,
and in New York
AT THE COMPANYs OFFICE. No. 20 NASSAU STREET,
JOHN J. CISCO q son. BANKERS. No 50 WALL ST.
And BY the Compauys advertised agents throughout Unit
ed States.
Bonds free but parties subscribing through local agents
will look them for their safe delivery
A NEW PAMPHLET AND MAP WAS ISSUED OCTOBER
st containing Of the Of the work to that date
and complete in relation the value Of the
bonds than which will be
free application at the Companys Offices to of the
advertised agents.
The Coupons of the First Mortgage Bonds OF the Union
Pacific Railroad Company due January will b. paid
date. IN GOLD COIN free OF Government
at the Company S Office No. 20 Nassau St.. New York.
John j. Cisco, Treasurer,