Smyrna times., 1869-01-13

The regular Government Commissioners
the Union Pacific Railroad to be FIRST CLASS in
pect and the Special Commission appointed by the President
says
Taken IS whole, THE UNION PACIFIC RAILROAD
HAS BEEN WELL CONSTRUCTED, AND THE GENERAL
ROUTE FOR THE LINE EXCEEDINGLY WELL SELECT
Ed The energy and with which work has
been urged forward and the apdtv with which it has been
executed without parce in history and in grandeur and
magnitude OF undertaking has been equaed The
report states that deficiencies that exist only those in
cden to all roads, that could have been avoided
without materially retardng the progress the work
Such Deficiencies supplied by all railroad companies after
the completion of the line, when and wherever experience
shows them to be The concludes by saying
that the country has to congratulate itself that this
great work of national Importance rapidly approaching
completion under such favorable auspices The Company
have 1877 locomotives and nearly 1900 of all de-
scrptions. large additional equipment is ordered to be
ready the Spring The grading nearly completed and ties
for O miles in advance Of the western end of h9
track Fully l2O miles Of iron for track delivered
OF the Missouri River and miles
The total expenditure for construction in advance of
the completed portion the road not less than eight million
dollars.
Besides donation the Government
land per mle the Company entitled to subsidy in T.
Bonds its line completed and accepted at the
of about $4,000 mile according to the difficulties
counteed for which the Government takes second lien
curiy The Company have already received s2sOOO of this
subsidy which paid December 6th and
| Dec. l4h.
Government Aid-Security of the Bonds.
BY charter the Company permitted own
FIRST MORTGAGE BONDS to the amount the Gov
ernment Bonds These Bonds First Mort
the whole road and all its equipments. Such
mortgage upon what for long time will be the only railroad
connecting the Atlantic and Pacific States takes the highest
rank security The earnings from the local
business for the ending June 80 1863 OF
miles, FOUR MILLION DOLLARS, which. after
all expenses much than sufficient to all
interest liability that distance and the earnings for the
last months have S23S6S7O They would
tn
its materials for construction The
from the great passenger travel the China Freghs and the
supplies the Rocky Mountain States and Territories
must be ample for all interest and other liabilities No po
cal reduce the Of interest 1t remain
thirty CENT PER ANSUA GOLD equal tC
between eight and nine THE PRINCI
PIE Is THEN PAYABLE IN GOLD. If bond with suef
guarantees issued by the Government Its market price
would not be then per premium
bonds issued under Government authority and
vision upon very largely Government work. the
ultimately approach Government No other
porate bonds made
The price for the is PAR and accrued interest at
per cent from July l, 1868 In currency.
Subscriptions will be received in by VIM NJ Bell
Cashier Bank Of Smyrna,
and in New York
AT THE COMPANY's OFFICE, No. 20 NASSAU STREET
ANDBY
JOHN ]. CISCO & son. BANKERS, No. 50 WALL ST..
the Company advertised agents throughout the Unit
ed States.
Bonds parties subscribing through local Agen
= will look to them for their safe delivery.
l A NEW PAMPHLET AND MAP WAS ISSUED OCTOBEl
report of the Of the work to that dat
complete statement in relation to the value Of tn
given advertisement, which will be
free application at tue Companys Offices to of tn
advertised agents.
The Coupons Of the First Mortgage Bonds Of the CnO
Pacific Railroad Company due January 1863 will be paid
after that date IN GOLD COIN free of Government Ia
at the Company s Office No 20 Nassau St., New York.
John j. Cisco, Treasurer,
lo.oo ~, NEU VORK