Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-12-05
2.~FIRsT MORTGAGE BONDS.
THE MEANS SUFFICIENT TO BUILD
THE ROAD

THE MEANS SUFFICIENT TO BUILD
THE ROAD.
Contracts for the entire work 9f building 94 miles
of irstclass railroad west from Omaha, comprising
bracing every expense except surveying have been
made with responsible parties twho have already
finished over 300 mesl at the average rate Of sixty
eight thousand and fflyeight dollars l6s05s per
mile. This price includes all necessary shops for
construction and repairs Of cars dep,ts stations and
all other incidental buildings, and also locomotives.
passenger, baggage and freight cars, aud other re-
qusite rolling stock, to an amount that shall not be
less than 5000 per mile Allowing the cot Of the
remaining and hundred and eighty-six Of the eleven
hundred miles assumed to be built by the Pacific
Company To be 5000 per mile.
The Total Cost of Eleven Hundred Miles
will be as Follows'
gi4 miles, at 6s,05s ..62, 205Ol2
lsG miles, at 10000 iioooo
Add discounts on bonds, surveys, &C.,. 100000
Amount. 49, 445,Oi2
As the U. $. Bonds are equal to money, and the
Cumpany's own First Mortgage Bonds have ready
market, we have rs the
Available Cash Resources for Building
Eleven Hundred Miles,
VI = i,onds. ~ BY Ooo
Capital stock paid in on the work now done, 569150
Land Grant 0sU 90 acresa 5u per acre2l 10000
Total. ...................... 81, las, $50
The company have ample facilities for supplying
any dehcency that may arise in means for construe
tion This may be done wholly or i'll part by addi-
tiUna subscriptions TO capital stock.
Active inqlruy has already been made for portion
of these lands, and arrangements are now proposed
to offer part of them tor sale. While their whole
value will not be available for some years to come,
they will remain very important source Of revenue
to tie Company. The lands of The Illinois Central
lailroad Company arc selling at from So 10 ~ per
acre, and other land grant companies in the West
receiving equal prices for 'imllar properties,
FUTURE BUSINESS.
The most skepica have never expressed IL doubt
that when the Union Pacific Railroad is finished the
immense business that must flow over II, as the only
railroad connecting the two grand divisions of the
North American continent, will be one vt the Won
ders OF railway Interpretations and as 1t VIII have
no competitor 1t can always charge remnne .ative
rates The Pacific Mail Steamship Company Of New
| York is now running u regular line OF its splendid
steamers between san Francisco aud China and
Japan which II doubtless the pion er u other lines
that will traverse the Pacific Ocean laden with the
teas spices and other products Of Eastern Asia
Excepting very heavy or bulky articles, Of con-
paratiyey low values, shorness of lim9 decides the
direction of frtghts and most Of these clrgoes will
find their natural transit over the Union Pacific
knilroad.
1t l. quite within bounds to say TINT its traffic viii
be limited only by the capacity Of the line. and that
no other rond Will iind double track 20 necessary.
California aud Oregon must not only be supplied with
means OF transport for lily passengers, mall treasure
aud other freghts but the Inhabitants Of Dakolah,
Colorado, Utah, Idaho and Montana wi ! communi-
cate with the older States almost entirely by this
road, 1t will be The avenue to AL the great mining
district, VIII eli is only awaiting this ready means OF
communication To receive population that will de.
velep its vast mineral and Other resources, and which
Of itself would furnish ample business for railway
inc.
EARNINGS FROM WAY BUSINESS.
While the through business OF The Company will
be amply remunerave, IL is still In the future but
the local business ON the part of The road in opera.
tion has been most satisfactory.
During the quarter ending July 81 an average Of
1926 miles OF the Union Pacific Railroad was In opera
ton. The Superintendent Report shows the follow
ing results;
Passengers, Freight, Telegraph and Mails, 1865 81
Transportation Of Contractors Materials
and Men. 2e3 Al
Total 1903, Oss 0,
Expenses.
Fuel, Repairs, Offices, Conductors, Trains 90 :,
&c .3g5,o50 VI
Net Earnings to balance. ............... .sO6 o.
Total. ,203, 03S 0,
The net operating expenses so on the commercial
, eonnt for the COMMERCIAL BUSINESS stands al
! follows:
Earnings for May June and July. .T2s, 755 81
Expenses .9dG 81
Net 'FRONT.' $50, 1og "
The amount of Bonds the Company can issue oil
1915 miles, at 10000 per mile, is b2000 600. interest il
gold, three mopths at per cent. on this snm, II
7s,OO0 add 40 per cent premium to correspond witt
euiich'y saihuSri 10 wv Noo-ohoWinE that 'He uc
! earnings for this quarter were than four time
Tie interest on the First Mortgage Bonds on th
!, length of Road.
! FIRST MORTGAGE BONDS,
whose principal is so amply provided for and whos
Interest is so thoroughly secured must be classet
among the safest investments They pay
SIX PER CENT IN GOLD,
and are offered for the present at NINETY CENTS
OMTllE DOLLAR and accrued interest at Six Pc
Cent. in Currency from July 1.
Many parties are taking advantage OF the presen
hgh price OF Government stocks to exchange 70
these Bonds, which are over FIFTEEN PER GEM
;. gold pay
) OVER NINE PER CENT. INTEREST
d Subscriptions will be received in Wilmington, by
IF r. X. ROBINSON & CO., Bankers
p j. MULEAR x SON,
FIRST NATIONAL BANK,
and In Few York Mt the Company's Office No. .
Nassau street, and by
MONUMENTAL NAT. BANK, No. Nassau st.
r CLARK, DODGE s. CO., Bankers, No. II Wall St
JOHN j. CISCO e. son, Bankers, No. 80 Wall st.
and by the Cumpany's advertised Agents throughou
the United States, of whom maps and d. scriptiv
- tances should he nude in drafts other funds pa
q In New York, and the bonds will be sent free O
~ charge by return express.
4 JOHN j. CISCO, Treasurer, New York
II sis- Subscribers through local agents will look b
o them for their delivery.
October, 2sth. 1867 nov9 I'm d&w
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