Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-09-19
THE
UNION PACIFIC
RAILROAD co.



The rapid progress of the Union Pacific Railroad,
now building west from Omaha Nebraska, and form
ing, with its western connections, an unbroken line
across the continent attracts attention to the value oil
the First Mortgage Bonds which the Company now
Offer to the public. The nrst question asked by
prudent investors is, "Arc these bonds secure -
Next, ''Arc they profitable Investment" To reply
IN brlef
list. The early completion Of the whole great line to
the Pacific s M certain any future business event
can be- The Government grant OF over twenty
million of land and fifty million dollars in liz
avn bonds practically guarantees it. One fourth Of
the work is already done, and the track continues to
be laid at the rate Of two miles day.
ID. The Union Pacific Railroad bonds are issued
upon what promises to be Of the most profitable
lines of railroad in the country. For many years II
must be the only line connecting the Atlantic and
Pacific, and being without competition, II can main
tain remnncratiyc rates
I'd. 4s5 miles Of this road are finished, and fully
nlnilpcu with dcpots, locomotives cars, &C., and
two trains arc daily running each way. The materials
Tor tle remaining W miles to the eastern base Of the
Rocky Mountains are ON hand, and it IL pnder con-
tract to be done in September,
fth. The net earnings of the sections already fin
ished are seperdt times greater than the gold interest
upon the First Mortgage bonds npn such sections,
aud II not another mile of the road were bnilt the
part already completed would not only nay interest
and expenses, but be profitable to the Company
ON me Union Pacific Railroad bonds eau be is
sued only ms the road prosresscs and therefore can
never nc n the Harket unless they represent bona
9th. Their amount is strictly limited by law to sum
equal to what Is granted by the u. s. Government.
nn'l for which il takcs second lien as its security
n dhis amount upon the first 5l1 miles west from
Omaha Il only $l6OOo er mile.
itl' ne Fact that the U. s. Government considers
s second lien upon the road good investment. and
lnat some OF the srewdest railroad builders Of the
country have already paid in five million dollars upon
lhe STOCK (Which is to them third en), may well in
spire confidence in first lien.
slh. Although 1t liz not claimed that there can be
any better securities than Governments there are
PARTIES who consider first mortgage upon such
property MS this the very best security in the world
and who sell their Cove rnments to rcnvest In these
bonds-thus securing greater interest.
9th. As the Union Pacific Railroad Bonds are Of
Tered for the present at 90 cents Oh the dollar and ac
crued interest, they the cheapest security in the
market, being more than 10 per cent. less than U. s.
Stocks.
10TH AT the current rate of premium OH gold, they
pay
Oscr Nine Per Cent. Interest.
The daily subscriptions are already large, and thew
will continue to be received in New York by The '
CosrisEsTAL NATIONAL BANK, No. Nassau St.
GLank, DoDaE 4 Co., Bankers 81 Wall ST.,
Sols .. Cisoo Y Sow, Bankers, SO Wall st.,
Il. L. ROBINSON, & Co.. Bankers.
N. e. Cor Fourth and Market sts.,
JOHN Mo1,E MhIlPI L sSaa Del.
COZ Market street,
md pANus ,,,, Wilmington, Del.,.
ny United states q whom maps and descriptive
~ man rom the Companys Office, No. 20. Nassau
s, New YORK, on application Subscribers will
5Jeiect Their own Agents in whom they have conf
,o.a,' JOHN j. CISCO, Treasurer,
jy2o-2md6w New York.