Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-08-22
THE
UNION PACIFIC
RAILROAD co.
Their First mortgage Bonds
AS AN INVESTMENT.

The rapid progress Of the Union Pacific Railroad,
building west from Omaha, Nebraska, and form
ing, with its western connections, an unbroken line
aoross the continent attracts attention to the value OF
the First Mortgage Bonds which the Company now
offer to the public. The first question asked by
prudent investors is, Are these bonds secure !"
Next fare thcy profitable invesmcnt." 10 reply
in brief:
LIST The early completion of the whole great line to
the Pacific IL certain any future busin event
Gun be- The Government grant Of over twenty
million Of land and fifty million dollars in its
own 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.
I'd. The Union Pacific Railroad bonds issued
upon what promises to be of the most profitable
lines Of railroad in the country. For many years it
must be the only line connecting the Atlantic and
Pacific, and being without competition 1t can main
Cd. 42b miles 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 Mountains are on hand and 1t is under con-
| tract to be done In September.
4th. The net earnings OF the sections already fin
lshed are seperd times greater than the gold interest
spon the First Mortgage bonds upon such sections.
and II not another mile Of ths road were built the
part slready completed would only pay interest
and expsnses but BE- profitable TO The Company,
sued only the road progresses and therefore can
never be In tho market uness they represent bona
fde property
o6. Their amount il strictly hmited by law to sum
equal to what ~ granted by the u. S. Government,
and for which IL takeb second lien M its security.
This amount upon the frst ol7 miles west from
Omaha Is only 1000 per mile.
It'll The fact that the U. $. Government considers
second lien upen the road good investment. and
that some Of the shrewdest railroad bniders of the
country have already pnid in five million dollars upon
the stock (Which Is tn them third lien may we'll in
spire confidence in first lien.
9Th. Although y Ia not claimed that there can be
any better securities than Governments, there are
parties who consider first mortgage upon such
property an this the very best security in the world
and who sell their Governments fe-invest in these
/ bUnds-thus securing greater interest,"
9TH As the Union Pacific Railroad Bonds are Of
fered for the present at 30 cents the dollar and
crued interest," they the cheapest security in tho
Stocks.
10TH At the current rate of premium on gold the,
g pay
. Over Nine PEI, Cent. Interest. J."
The daily subscriptions are already large, and the,
D will continue To be received in New York by the
O CONTINENTAL NATIONAL BANK, M. Nassau st.,
CLAnK, D0DaE q Co., Bankers, 81 Wall St. -
: JoHN j. CISCO g. Son, Bankers 80 Wall St.,
c NATIONAL BANK, Newark, Del,
q H. r. ROBINSON, q Co. Bankers.
Il n. f. Cor Fourth and Market sts,,
!, Wilmington. Del.
JOHN MoLEAR q son,
If COT Market street,
l. a Wilmington, Del,
and by BANKS AND BANKERS generally through
out the United States, Of whom maps and descriptiy
v by mail from the Companys Office, No. 20 Nassa
Street. New York, on application. Subscribers wi
= stect their own Agents in whom they have cont
dence who alone will be responsible to them fer tn
:, ' N''' VI ' JOHN jim. j. CISCO. Treasurer.
% jy25-2md.ew II. New Ysrk.