Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1867-09-06

IN H E
PACIFIC
RAIL ROAD co.
THEIR FIRST MORTGAGE BONDS
as an Investment.


TsE rapid progress OF the UGioE Pacific Railroad,
now building west from 0maha, Hebrasha, aud
forming with its western connections, an unbro-
ken line across the continent attracts attention to
the value Of the First Mortgage Bonds which the
Company now offer 70 the public. The hrst ques-
asked BY prudent investors IS, 'sAre these bonds
secure ~ Next; ''Are they a profitable invest
meutg' To reply in Briefs
LIST. The early completion Of the whole great
line to the Pacific is as certain any future bus
ness event can be. The Government grant Of over
twenty million acres Of land and atty million dol
lars in its own bonds practically guarantees 1t.
One fourth Of The work is already done, and the
track continues 20 be laid AZ the rate Of two miles
day.
ID. The Union Pacific Railroad bonds are issued
upon what promises 10 be one Of the most pr0hta
ble lines OF railroad in the country. For many
ears il must be the only line connecting the At
lautic dud Pacific; and being without 0umpet iton,
it maiutaih ramunerative rates
Sd. 425 miles Of this road are finished, and fully
equipped with depots, locomotives cars, &c, and
TWO trains are daily running each way. The ma
terals for the remaining 81 miIas To the eastern
base or the Rocky Mountains are on hand and it IS
under contract to be doue 10 septsiuher-
9TH The net earnings OF the sections already
finished sre several tBlss greater t9au The gold in
terest up6d the FIRST Mortgage Bnuds upon such
sections and II not ahdther mile were built, To-
dart already com BeAetA WoNtu olAiE pay inter
est auI expenses. pat be profitable TO the Company
5th. The Union Pacific Railroad Bonds can be
issued only as the road progresses, and therefore
can never he in The market unless they represent
a bsaa fde property.
9th Their amount is strictly limited by law TO
a sum equal 20 what is granted by The q. s. GoY-
erument, ard Tor witch IL mkes a -F-~---' Kan as
its security. This amoan upon the first 6l7 miles
west from Omaha is only SIG 900 per mile.
7th The fact that the u. s. Government conald-
ers second lien upon the road good Investment
aud that some Of the shrewdest railroad builders
Of the country have already paid ia i've million
dollars Of the stock (which is TO them third en)
may well inspire con hdenoe in q first lien
8.h Although tis not claimed that there can
be apv better securities than Governments, there
are parties who consider hrst mortgage upon
such property as tAis the very best security In
the orld and VINO sill their Governments to re-
invest in these bonds--thus securing greater
interest.
9Th. AS the Union Pacific Baiir al bonds are
offered for the present at so Genie the dollar and
accrued interest, they the cheapest security in
tho market, being more than 10 per cent. les
than u 5 Stocks.
10th. At the current rate Of premium on gold
they pay
/ OUeT Nine per Cent Interest
The daily subsoripaOEs are already large, and
they viii CONTINUE TO be received in ew York by
1 the
/ CoNrISENTAL NlTIosAL BANK, 80. Nassau st.,
! CLARK, l-oDGE q co BANKERS, 81 Wall St.,
/ JOIN J. CISCO & soN, BANNERS, No. 33 Wall ST.,
aud by BANKS AND BANKERS generally through
out the UnileI states, OF whom maps and dcscriP
| tive pamphlets may be obtained They will ais
be sent by mail from inc company's ONCE No, 2
/ Nassau Street. New York, application. sab
| scrbers will selcct their OVID Agent in whom theJ
| have confidence WHO alone viii be rssponsl
bic TO them for the safe delivery Of the bombs.
JOHN u. CISCO,
Treasurer,
NEW YORK.
Aug. g, '67-4t