St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1869-01-22
Grand Line to the Pacific

VIII be open for business in the summer of 1865
The regular Government Commissioner, have pro.
aouncsd the Union Pacific Railroad TO be FIRST I
IN every respect, and the Special Commission appoint
| ed by the President says
| "Iaken as whole, THE UNIoN PACIFIC RAILROAD
HAS hEEs WELL CONSTRUCTED A~D THE GENERAL
| &"UTE LINE EXCEEDINGLY WELL SELECTED Tho en-
eSy sud perseverance with which the work ha. beer,
Urged forward and the pidity with which I, has been
eEecuttd are without parallel in history and in grand
ur and magnitude Of undertaking it has never been
caualled The report states that any deficiencies that
xist are only those incident TO all roads and that
could not have been avoided without materially re,r-
ng the progress Of the great work such Deficiencies
are supplied by all railroad companies after the compe
ZION OF the line, when snd wherever experience shows
them to be Necessary The report concludes by saving
;ha; the country has reason congratulate itself that
This great work of natiouaI importance IL 20 rspd an
preaching completion under such favorable auspices
| The Company nov have in 49, locomotive. and
nesry 1000 cars of all description large additional
equipment is ordered TO be ready In the spring The
grading Is nearly completed and tics distributed for 100
miles III advance OF the western end Of the track Fully
10 miles OF iron for are nov delivered west
# the Missouri river aud 70 miles more are en- route
The total expenditure for instruction purposes in ad
ance Of the completed portion Of road is not lea.
han eight million dollars
Besides donation from the Govt of T. 500 acres Of
land per mile TIL Company is entitled subsidy in
l. ; Ronds on its line completed and accepted at
the average rate Of about per mile according 4,
the diticultier encountered for which Government
;akes second lien security The Company have al
ready roceiv'd 81 o" Of rhi- subsidy of which al
5000 was paid Dec 9th ami 100000 Dec 14th
Government Aid--Security of the Bonds.
By It's charter tie Company Is permitted to issue its
own FIRST MORTGAGE BONDS to tue same amount
Is the Government I;ond., ai M more These Bopds
are First Mortgage upon tie whole road and all tie
equlpmeuts such mortgage upon what, for long
time, will b. the only railroad connecting the Atlantic
aud Pacific Stsos, tax the highest rank az safe sec-
rty. The earning from he local bu.iness for
the yesr ending june 20, l-6s An average u Az
miles, were over FOUR MILLION DOLLARS which,
after paying sill EXPENSE much sufci-
to all interest liability upon that distance and
:he earnings for the months have been s. 3sG-
80. They would have been greater, if the road had
not been taxed to q capacity transport its own
materials for construction The income from the grest
passenger travel, the China freghts the supplies
Tor the new Rocky Mountain Statrs and Territories
be ample for all interest and other liabilities No
political sCton reduce the of interest. It
remain or thirty yesrsSir per- cent pr
currency The lrlnc pal ,S then payable GOLD. If
bond With such guarantee wer issued by the Govern
mcn it, market price would be less from 80
= per premium. As these bon are issued ul-
Ter Government authority and supervision upon what
very lSrgely Government work. they must ultimate
iy approach Government prices. No other corporate
bonds made secure
The price for the present is PAR accrued inter
ct 1t per cent. from ,July !. 1s6S, in currency
Subscriptions will be received by the
First National Bank of ST. Johnsbury, VT,
AID in New York the CoMPASY's OFFICE, No 20
Nassau St; and by JoHN }. CISCO & Sos Rankers
No. 80 Wall 81. and by the compsuys advertised
agents throughout the nited States.
Bonds free but parties subscribing through local
agents, will look t. them for their safe delivery.
NEW PAMPHLET AND MAP WAS ISSUED
OCT LIT, consining report OF the progress Of the
work that date, and compete ststenent in re-
aton the value of the bonds than can be given in
advertisement, which will be cent free application
At the Companys Offices TO any Of the advertised
agents.
.1-The Coupons of the First Mortgage Bonds of tho
Mon Pacific Railroad Company, due Janury lst 1852
will be paid and after that date IN GoLp Cors free
of Government tax, at thu Compunys Office Ne. 70
Nassau street, New York.
JOHN j. CISCO, Treasurer,
NEW YORK.
December 18TH 1865. tNar1st.