St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1869-01-15
Grand Line to the Pacific

VIII be open tor business in the summer of 1869
The regular Government COnmissiJ uers have pro-
nouncsd the Mon Petite Railroad 10 b. FIRST ASS
IN every rerp'c aud the Special Comm appoint
| I'd by the President avs:
"Iak"n rs whole, THE UNI"N PAcIFI, RAILROAD
! las EEES WILL coN>TRrCTED. AND THE GENERAL
! '"' TE LINE EXCEEDINGLY WELL SELECTED. The en-
'7Ey aud Ierscv, ance with which tn. work Ia. been
rs-d forward, snd the pidy with which it has been
executed ave withou: parallel in history and in grand
Ut anu nlaGni ude of undertaking it hiss never been
equaed The report that any deficiencies that
tXis are only thofe incident ali roads and that
eoLd not have been avoid wi bout materially re ,rd-
ng the progress Of the great work such deficiencies
IRE supplied by all rrcld companies after the conn le-
'oI OF the hne when And wherever experience shows
tAeiu 4 b. nee The repor concludes by saving
Lat the country has congrsts ate itself that
lis great woT Of national importance is rap sp-
preaching completion under such favorable .u.pi.e
Inc Company nov have in u,e 49, locomo i've. and
Iesry -Ooo carr OF all descriptions Urge additional
equipment lie ordered 70 he ready in the spring The
sradng Is nearly completed and ii stribu ed for 100
niles in advance of the OF he track Flu "
- miles Of iron for track are no v delvred west
Of the Nis Iri river. and - miles more are en-. y,
Ir total expenditure for obstruction purposes In ad
'ince OF the comp ted tio of the is not les
han eight million dol,rs.
Besides donation from the Cow. of II 500 acre, Of
lud per mile. III Company is emit lie to subsidy In
I. = Bones On it, line compile ed .nd accepted a.
The average late Il about 81? per mile according IN
the din, uites red for which the Cove ument
likes second Ii, security. The Comp.uy have al
e1dy rccciv l,l5s,uU of hi susi " of " hcu 81
: 900 WIS paid Dec 9th, an go 700 Dec llh
Government Aid-Security of the Bonds.
BY its churter ths Company Is permitted to ssle its
wn FIRST MORTGAGE BIND, to the ssme amount
Is the Government Bond, aud ,rs. ILese Bonds
ire Fist Mortgage upon the whole road and all tie
'quipments. such mortgage upon what, for long
m" will b. the only railroad connecting the Aautic
ID Pacific Sa.es tax the hi hest .ank nc fe se,u-
ity The caring, from he way or local busiu for
ne yesr ending June 30, I>fe on III aver,g. Of az
nilez we're over FOUR MILLION DOLLAEs, which,
ttef plying sll eApense, much suffici-
Mt to cover all interest liability upon that aistanc sd
III earnings for the last five have been 3Sj-
-. They would have been sreaer, if the ROAD had
at been tax d TO n utmost pactv TO IT its
materials fol Construction. The income ON he great
senger travel, h China freghts, lnd the supplies
or the new Roxy Mountain sites and Terlitorie.
be ample 70. all il ,r,st and her liabilities No
iticsl seton dlce the Of interest It must
r,main thirty year---SE per cont. per aaaU,n m
iyi now equal to between eight and niue per cent
currency. IN pri'ac pal Is het, pa ya6e IN yold If
bond with such guarantee issued by the Govern
nent its msl ket price would be lees than from 90
= per cent premium. As these arr issued uI.-
e' G'v'rnmcmt authority super. ision upon what
vciy largely Government work. they must ultim. E.
y approach Government prices. No other Corporate
.onds made secure.
The price for the present is PAR and accrued inter
st at per cent FROM July |, ls6s, in currency
subscriptions will be received by the
FIRST National Bank of ST. Johnsbury, VT,
ID in New York at she CoMrASY'- UrFrcA, No. 20
"a STU ST. and by JOINS J. CISCO & Son, BInker.
No. 59 Wall IT. and by tn. companys advertised
i;ents throu ghOut the [ nited suites.
Bonds sent ee, but pare- subscribing through local
AGENTS. ill look + them for their safe livery.
NEW PAMPHLET AND MAP WAS ISSUED
JCr LIT, coutsini-g report of The progress Of the
work tina tie, and comp etc ia in re
aon 81 value Of the bonLs than be given III an
advertisement which will be free Oh a. pli alton
a the Comp ,uys offices, to any of the ldvertised
isens
:s-The coupons of the Fret Mortgage Bonds of the
Mon Pacific Rail. DAD Company due J.niry lst 1862
il. be paid and after that e. ~ Com CoIs free
+ Government tax, at the Company's office, No. 20
Nassau street, New York.
JOHN j. CISCO, Treasurer,
NEW YORK
nacap ,bar Ma *