Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-08-08
- EEIE
nNIOE>P
RAILR0AD co.
Thsir Ftrst Mortgage Bonds
sAs AN INVESTMENT.

The rapid progress Of the Union Pacific Rail,o.,
now building west from Omaha, Nebraska, md r,,,
ing with Its Western connections, an nnbroken Ill.,,
across the continent attracts attention to thu von
tho First Mortgage Bonds which the Company na'
offer to the public. The first question nskcd 4,
prudent investors is, "Are these bonds secn,,,,
Next fare they profitable Investments Ia ron,.
in brief
list The early completion Of the whole great lima.
the Pacific is as certain as any future business eyo.
can be. The Government grant Of over tyon."
million acres Of land and fifty million dollars In Il,
own bonds practically guarantees 1t. One fourth y,
the work Is already done, and the track connpoo,
be laid at the rate Of two miles day.
I'd. The Union Pacific Railroad bonds are ,..n.,
upon what promises to be one Of the most proahh,
lines of railroad In the country. For many vears h
must be the only line connecting the Atlantic ana
Pacific, and being without competition ii can mss.
tain remtlnerative rates. ""'
Sd. 42b miles Of this road are finished, and uO.
equipped with depots locomotives cara, Ne a"s
two trains are daily running each way. The maeria
Rocky Mountains are on hand, and II Is nnder con
tract to be done in September. NS' son'
sth. The net earnings of the sections already an.
ished are seperal times greater than the gold inere
npon the First Mortgage bonds upon such seetinn.
and II not smother mile Of the road were built n,
and expenses but be- profitable to the Gomnsnv 'Ves
9th. The Union Pacific Railroad bonds can h. i.
sued only as the road progresses, and therefore csu
never DO IN the market unless they represent BONA
6h Their amount is strictly limited by law toa snn
equal to what Is granted by the U. s. Government
and LOT which u takes second lien as its security
Omaha \ only $50, 900 per mile ' "N'' rum
It'll. The fact that the u s. Government considers,
second lien upon the road good investment ana
that some OF the ehrewdest railroad builders al ,h
country have already paid In five million dollars npm,
the stock (Which Ia to them third lien may we'll H.
epre confidence In first lien. '''
Sth. Although It Is not claimed that there cauIs
any better securities than Governments, here are
parties who consider first mortgage upon such 4
property as this the very best security in the world
and who sell their Governments to fe-inyesi in ilca
bonds-thus securing greater interest
9th. As the Union Pacific Railroad Bonds ars of
Tered for the present at 90 cents oh the dollar and a
MARKET being more than 10 per cent. less than L. Il
Stocks -
10th. At the current rate of premium on gold thew
pay
Ouer Nine Per Cent. Interest.
The daily subscriptions are already large, aud they
will continue to be received in New York BY the
CONTINENTAL NATIONAL BANK, No. Nassau ST.
| CLARK, DoDaE q Co., Bankers, 81 Wall 81,
Jons J. crsoo q Son, Bankers SO Wall St.,
| NATIONAL BANK, Newark, Del,
N. g. Cor. Fourth and Market sta,
JOHN MoLEAR d NON,
| COZ Market street,
| Wilmington, Del,
out the United States, of whom maps and descriptive
| by mail from the Company's Ofice, No. 20 Nassau
| Street, New York, on application Subscribers will
select their own Agents in whom they have cont
dence, who alone will be responsible to them for the
-. JOHN j. CISCO, Treasurer,
| jy25-2mddw New York