Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-08-01
THE
UNION PACIFIC
RAILROAD co.
Their First Mortgage Bonds
ASIAN INVESTMENT.

The rapid progress of the Union Pacific Railroad
now building west from Omaha, Nebrasks, and form.
ing, with Its western connections, unbroken line
across the continent attracts attention to the value Of
the First Mortgage Bonds which the Company NOW
offer to the public The first question asked by
prudent investors Ia, "Are these bonds securei'
Next, Are they profitable Investment" To reply
In brief:
let The early completion OF the whole great line TO
the Pacific is as certain any future business event
can be. The Government grant OF over twenty
million acres of land and nifty million dollars in Its
bonds practically guarantees It. One fourth Of
the work is already DONE and the track connueslo
be laid at the rate of two miles day.
I'd. The Union Pacific Railroad bonds are issusd
upon what promises to be one Of the most profitable
lines of railroad in the country. For many yearst
must be the only line connecting the Atlantic and
Pacific, and being without competition, 1t can main
tain remunerative rates. ,
sd. 3T6 miles OF this road are finished and luly
equipped with deepots. locomotives cars. &c. anc
for the remaining 4i miles TO the eastern bare Of the
Rocky Mountains are on hand, and II Is nnder tdn
tract to be done in September. ..
4th. The net earnings OF the sections already 'l.
ished several times greater than the gold ntere
upon the First Mortgage bonds upon such section
part already completed would not only pay Interest
| and expenses, but be profitable to the Company,
9Th. The Union Pacific Railroad bonds can Dc ~
sued only as the road progresses, and therefore can
never be In the market ullefs they represent iona
9Th. Their amount Is strictly limited by law to sum
| equal to what Is granted by the U. D. government
and for which 1t takes second lien as It's security
| This amsunt upon the hrst DIT miles west from
| Omaha is only sic, 900 per mile.
It'll The fact that the U. g. Government considerst
secand lien upon the road good iryesme ana ns
country have already paid in five million dollars npon
the stock (Which is to them third en), may well il
| spire confidence In q first lien
| Sth. Although II Is not claimed that there can N
any better securities than Governments, there are
parties who consider first mortgage upon such
property as this the very best security In the world
and who sell their Governments to renvest in these
bonds-thus securing greater interest.
| 9th. As the Union Pacific Railroad Bonds are o.
ered for the present at 90 cents the dollar and &C
crued interest," they the cheapest security In 'ls
market, being more than 10 per cent. less than u
St0cks.
10th. At the current rate of premium on gold, hey
pay
Over Nine Per Cent. Interest,"
Subscriptions will be received in New York By
the
CONTINENTAL NATIONAL BANK. No. Z Nassau st.,
| CLARK, DopGE u Co., Bankers, 81 Wall IT.,
Jous j. CISCO & Sow, Bankers, 50 Wall St.,
| NATIONAL BANK, Newark, DEL, .,
r. II. Honissos & CO.. Bankers, N. E. Cor. Fourth
and Market sts., Wilmington. Del.
GOI Market street,
Wilmington, Deli,
and by BANKS AND BANKERS generally through.
out the United States OF whom maps and descriptive
by mail from the Companys Office NO. Ky NASSAU ~.
| Street, New York. on application SubscrDefs WI
select their own Agents in whom they have COM ~.
dence who alone will be responsible to them for inc
jy25.2mdetw New York.