Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-08-15
....5l-- THE ,D u.
UNION PACIFIC
RAILROAD GO. e. =
Their First Mortgage Bonds
As AN INVESTMENT.

As AN INVESTMENT.
The rapid progress Of the Union Pacific Railroad,
row building west nom Omaha, Nebraska, and form
Ing with Its Western connections, an unbroken line
the continent attracts attention TO tho 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 secure !"
Next, .Ars they profitable investmentr To reply
In brief, 1.4s se.l5 -ao4a44s 54, fsA4
list Tho early compilation Of the whole great line 10
the Pacific is certain any future business event
can be. The Government grant Of over twenty
million acres OF land and fifty million dollars in Its
own bonds practically guarantees 1t. One fourth Of
the work Is already DONE and the track continues to
be laid at the rate of two miles day.
3D. 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 1t
must be the only line connecting the Atlantic and
Pacific, and being without composition, II can main-
Sd. us mies Of this road are finished. and fully
equipped with depots, locomotives cars, &C., and
for the remaining % miles to the eastern base OF the
Rocky Moantailz arc on hand, and 1t Is under con-
ne net earnings Of Tho sections already fin
ishcd are general times greater than the gold interest
upon the First Mortgage bonds upon ouch sections,
part already completed would not only pay interest
and expenses, but be profitable to the Company.
9Th. The Union Pacific Railroad bonds eau be Is
sued only as the road progresses and therefore can
never BIO in the market uness they represent bona
~" stB. Theis amount Ia strictly limited by law to sum
equal 10 what Is granted by the U. s. Government,
and for which 1t takes second lien as Its security.
This amount upon tho first DIT miles west rom
Omaha 4 only $is, goo pc, mile; ..,..x.
second lien upon the road good investment, and
that some Of the shrewdest railroad builders Of the
country have already paid in Aye million dollars upon
spire confidence In first lien.
9Th. Although II 10 not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such q
property as this the very best security In the world
and who sell their Governments to reinyest In these
@ a. ne 'fsrn Bonds are
ered for the present at 30 cents the dollar and &C
rrued interest," they are the cheapest security in the
market, being more than 10 per cent. less than u
| Stocks.
10th. AT the current rate OF premium gold, they
| pay
Over Nine Per Cent. Interest.
The daily subscriptions are already large and they
will continue to be received in New York by the
cEn ponsn Gs Ba stsn b.
joins j. CISCO & Son, Bankers, SO Wall ST.,
r. Il. ROBINSON, q Co.. Bankers,
N. &. Cor. Fourth and Market sts.,
Wilmington. Del.
JOHN MoLEAk q SON,
| COZ Market street,
| Wilmington, DEL,
and by BANKS AND BANKERS generally through
out the United States, OF whom maps and descrptiy
By mall from the Company's ONCE, No. 20 NASSAU
Street, New York, on application. Subscribers WI
select their own Agents In whom they have conf
dence, who alone will be responsible to them for tn
'A't u'"'''' y ' JOHN Ohm j. CISCO, Treasurer,
jy2S-2mdtw New York.