St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1869-01-01
Grand Line to the Pacific

Will be open tor busint Sc in the summer Of 1859.
The iegular Government Commissioners have pro-
nounced the Union P.cic Railroad 10 BE- FRS CLASS
in every respec and the Special Comm sson appoint
ed by tn President avs:
"Tlkcn rs whole, UsIoS Pacific RAILROAD
HAS HEES WELL CONSTRUCTED, AND GENERAL
ROUTE LINE EXCEEDINGLY WILL ST. srED. The
{ gy aid Jersey ance with which the work has been
urged farwiId and the pdity with which 1t IL been
executd withou psrsel in history, and in grand
ur an magni ude of undertaking it hss never been
ECU He'd. Thu report that any deficiencies that
exis only those incident al roads and that
eoIld LOT hav been avoid wi bout .terially re sr
ing the progress Of the great work. such def ienc
supplied by all i,ad companies afte: COM le-
lion Of he lin. when and wherever experience shows
them t. b nee The repo.: concludes by saying
that "thc country has conSratu If
tl4 Sr 1t Of national importance is rap ap-
preaching completion und such favorable auspi es
The Company have in u. I31 lycomo i've and
nearly 1900 of all dsscript us Irgc uddti ms.
equipment is ordered to be ready in the sp,ing The
grad ng il nearly completed and ii stbu cd for
miles in advance of the end of he tack. Flu y
l2o III lc. o! iron tor ne' track del v-red
of tn Miss uri river, and 20 miles more ro"s
THe total expenditure for .'ructon purposes ad
# tie compl ted pc. tion of the is
/ han eight million dollsrs.
lie dys doua ion from the Govt. of , 500 acrs of
land per mile, III Company is emit le subsidy in
[. = Bones its line compile Ell and soccpted, ~
the rate If about 80 600 per mil, according
the din utes encount r,d for which the Cove nmcut
take second Ii a. -ecurity Tn Company have al
ready rccciy l,15S,uO of hi subj " of hch s.
IS 90" "ns paid Dec. 9th. ami S6l"dGo Dec. Il h.
Government Aid--Security of the Bonds.
BY i's charteG, the Company is pc mtted to issle
owa FIRST MORTGAGE BOND, to tie san,e amour
As the t'overnmeIt Fond a'.i ILcsc Bcnds
First Morts e upon tie whole road and all If
equipment. Such mortglsr upon what, for a long
time, viii b, lie only railroad citing the Atlantic
AID la itic sta tax, the hi .hcst iank fe
rty. The caring. from the way local business for
tie year ending june 30, Les on IN averlg. Of H.!
mile, ne.c over FOUR MILLION DOLLARS, which,
ate. yis sll cNFe,.e-, much than suftic-
ont to Ill interest liability upon tat cistlnc aid
tn earnings for the Last five months have bce.i
So They would have been grca:er, if tn. ruaI ha4
not been taxed to T. lpactv tran pot it. own
material for structipn. The income ON he ,res
pls cn-cr irayc h, China freghts, and the supplies
for the new Rocky Mountain Ter. ito. lee
must be ample for al iltrs,t aud her abilities
political action cia rdsce the rate Of iutcre- 1t
remain OF thirty ycaTsyir per cent pr G5itru ~,
y'd now equal to bct"ecn eight and per cent in
currency I'll pane iDaL 10 diem pa abe u. g,i. Ii
bond with zach gu Iautce- issueI 10y tne Govern
mcnt, it. ma. ket price would be lcsz from 20
% - PEI cent premium. As There Ion Is Issued
de- HJ',rumcut authority ami super. =ipu, upon what
i very largely ,iov Ak they must ultim4,
ly approach Government pr.ces. No other rpor4te
bonds made So secure
The pIice Tor the prcscn il PAR and acorlIcd inter
1T AT per c. / f.on Jul. l, 1s6>, in currency.
Suhscr.pt on= vii be received by the
First National Bank of ST. Johnsbury, VT.
a-d in New York AZ the C"urA~n's OFFICE, W. ~
Va s'u ST. and by ions !. CISCO 4 SOS, RiasCre
No. - " all st: and b. tn comIany's udve..i-ed
agent. thro- ghout h nited states
Il Nos sent C., but parties suborDin through LEGAL
age l., III iook /, item for heir safe d livery
. NEW FAM HLET AND MAP WAS IsSl-FD
OCT. + containiaG report o. the progress of the
work t. tina .tc and comp etc clcu il re
tie value Of the bones t al be given in Al,
advert=em, witch will be 1T free o. L pill alto.
he Comp rnys Offices, any the advertised
aEcu
:s-rhc ,oup. ms Of tn, Fr-t Mortgage R,ud- of I'll,
uon iJcifc Rail Cd Company. due JAM y t. 1852
vii he p,iI md after til a t. II Gotp CoI> :fe
Of Government tax at the Companys office No. =,
\s-lu .;sr,t New York.
JOHN J. CISCO, Treasurer.
NEW IoRk.
/ December 18Th, 1865. tMl..lS.is