Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-12-19
9tuaufiaI.
5 2 8 M IL ES
OF THE
Union Pacific Railroad,
RUNNING West from Omaha.
ACROSS THE CONTINENT
ARE NOW COMPLETED

This brings the limo to the eastern base a, a.
Rocky Monrtains and It is expected thai thc ,,a va
Will be laid thirty miles further, to Evans Piss L
mum grade from the foot Of The monntai me maxi
summit Is about eighty feet to the mile while tbo, "
many eastern roads is over one hundred Wnrl y
the rnck-cuttings ON TIE western sope will f,n,n ~
through the winter, and there is now no reason "
doubt that the entire grand line to the Pacific wi5o
open for business In 1870. "'"v
;, The means provided for the construction Of M.
GREAT National Work are ample. The United Sie,es
grants Its Six Per Cent. Bonds at the rate AZ irm
$1,000 10 $4,000 per mile, for which 1t takes 4 iI
ticn as security, and receives payment to lar,eif
not to the null extent of its claim In services Ti
Bonds are issued as each twenty mile section I An
ished, and after II has been examined by l'n,es
States commissioners and pronounced to he in All
respects 4 iltst-cass road, thoroughly supplied wth
dspns, repairshops, stations. and all the ncesss,
rolling stock and other equipments.
The United States also makes donation Of " VA
acres Of land to the mile. which will be sonrrc Of
large revenue to the Company. Much Of This lanl
the Platte Valley Is among the most fertile IN liz
world, aud other large portions are covered WITH
heavy pine forests and abound In coal OF thp Gos
quality.
The Company is also authorized to Issue II. own
| First Mortgage Bonds 10 an amount equal 10 lhe,
! sue OF the Government aud no more. Hon T. il
| Morgan and Hon. Oakes Ames arc Trustees for iic
Bondholders, and deliver the bonds TO thu C0mmN,
only as the work progresses, go that they alway. r
| resent an actual and productive value.
| The authorized capital OF the Company II one Hun.
drcd Million Dollars, Of which over i've mllip.
| have been paid In upon the work already dole
| EARNINGS OF TIE COMPANY.
At present. the profits of the Company me l.d
we'd only from its local traffic, hut This l. alesbv
much more than sufficient to pay the interest on III
the Bonds The Company can Issue, II not another
| mile wore built 1t is not doubted that when liz
road il completed the through traffic Of the only line
connecting the Atlantic and Pacific Staes Mn lie
large beyond precedent, and as there viii he 10 com.
petition II can always be done at profitable rates:
twill be noticed that the Union Pacific Railroad l.
in fact Government York, built under the sap,ryi.
sion OF Government officers, and TO large txtl,
| with Government money, and that Its bonds are 4.
sued under Government dirccti n. ltisbelieyel tia.
similar security IL carefully guarded and Ger.
tainiy no other is based upon larger or more yal.
be property. As the Compnny's
FIRST MORTGAGE BONDS.
are offered for the present at 90 CENTS on THE
DOLLAR, they are the cheapest security In tho mar,
ket, heing more than 10 per cent. lower than {. s.
Stocks. They pay
SIX PER CENT IN GOLD,
or over NINE PER CENT. upon the investment
r. X. ROBINSON " CO,
j. MoLEAR d son,
FIRST NATIONAL BANK,
and In lew York at the C0mpany's Once, NJ. .
st CoNTiNENTHL nat. BANK,N Nassau II.
CLARK, DODGE 4 CO., Bankers No 81 Wall st.
JOHN }, CISCO 81 son, bankers, No. 3S Wall 81.
and by the Company's advertised Agents throash0n
the United States. Renitances should w mad
, in drafts or other funds par In New York. and III
bonds will be sent free OF charge by return express
A NEW PAMPHLET AND MAP, showing til
Progress Of the Work, Resources for CONSTRUCTION
and Value of Bonds, may he obtained At the compa
nys Offices of its advertised agents. or will Ne sl
JOHN j. CISCO, Treasurer, New Yorh
, November 20, 1867. dcCg-im