Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-12-26
Auaafial.
Ga 8 M / /. E 8
OF THE
Union Pacific Railroad,
Running West from Omaha,
ACROSS THE CONTINENT,
ARE NOW COMPLETED.
5 2 s M / /. E 8

This brings the line 10 tho eastern base Of the
Rocky MouRtains, and II Is expected that the track
will be laid thirty miles further to Evans Pass the
mum grade from the foot OF the mountains TO the
summit Is abont eighty feet to the mile, while tnat q
many eastern roads - over ono hundred. Work N
the rock-cultings on tho western slope viii continue
through the winter, and there is now no reason TO
doubt that the entire grand line to the paeiac will be
'prh VIM means provided far the construction Of this
Great National Work are ample. The United States
grants Its SIX Per Cent bonds at the rate Of from
Per l ms for wnSn to large
not to the full extent of It's clam In services These
Bonds issued as each twenty mile section Y IN,
shed, and after 1t has been examined py oniteu
States Commissioners and pronounced to be in all
respects hrst-cass road, thoroughly supplied Win
dspos, rpairshops stations, and all the necessary
rolling stock and other equipments. :, ooo
The United States also makes donation OF IL, 800
acres Of land to the mile, which will be source o.
large reyenue e The Company Much 81 snS snd t "
world, and other large portions are covered WIN
heavy pine forests aud abound In GOAL OF the best
quality.
The Comps ny is also authorized to Issue It's own
First Mortgage Bonds TO an amount equal to the IL
sue of the Government and no more. Hon; Il. u
Morgan and Hon. Oakes Ames are Trustees for the
Bonuholders, and deliver the bonds to the Company
only the work progresses, so that they always rep
resent an actual md productive value. -
The authorized capital Of the Company is one Hum
dred Million Dollars, Of which over five millions
have been paid IN upon the work already DONE
EARNINGS OF TIE COMPANY.
AT present, the profits Of the Company are deri-
we'd only from it's local rafe, but this is already
much more than sufficient to pay the interest on all
the Bonds the Company can issue, u not anotncr
mile were built. II Is not doubted that when the
read IL completed the through tranic Of the only inc
connecting the Atlantic and Pacific States Will be
large beyond precedent and, as there VIII be no COM
petition, II can always be done at profiiable rates
1t will be noticed that the Union Pacific hailroad y
In fact Government Work, built under the superyi-
sion of Government officers, and to large extent
with Government money and that Its bonds are Is
tred under Government direct n. ills believed that
NO similar security $50 carefully guarded, and Ger
tany no other IL based upon larger or more vaua-
be property As the Company's
FIRST MORTGAGE BONDS,
are offered for the present at 90 CENTS ON THE
DOLLAR they are the cheapest security In the mar
ket being more than ID per cent. lower than U. D.
Stocks. They pay
SIX PER CENT IN GOLD,
or over NINE PER CENT. upon the investment.
Subscriptions will be received In Wilmington, by
X. X. ROBINSON g. CO.,
j. MoLEAR q son,
FIRST NATIONAL BANK,
and III rcw York at the Company's Office, Ne. 20
Na uoNr INES TAI NAT BANKING Nassau ct
CLARK DODGE u CO., Bankers, No. 81 Wall st.,
JOHN j. CISCO u SON, Bankers, No. S3 Wall st.,
and by the Cempany's advertised Agents thronghoa,
in drafts other funds par in New York, and The
bonds will be sent free Of charge by return express
A NEW PAMPHLET AND MAP, showing the
Progress of the Work. Resources for Construction
nys Offices of its advertised agents, or will be sem
JOHN j. CISCO, Treasurer, New York
November 20, 1861 dec9-lm