Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-12-24
THE
U N ION p ACIF FIG
RAILROAD COMPANY.
OFFER A LIMITED AMOUNT OF THEIR
FL r. S It NOR (1A G. E
B O N d S
AT PAR

NINE HUNDRED AND SIXTY MILES
OF the line West from Omaha arc now completed and
inc work is going on through the Winter. As the
| distance between the fn-hed portion Of the Union
| and Central Pacific Railroads is row less than 400
mies' and both companies are pushing forward thu
| there can be no doubt that the whole
Grand Line to the Pacific
VIII be opea for Business In the Summer of 1869.
The regular Government Commissioners have pro-
nounced the Union Pacific Railroad to be FIRST CLASS
in every respect, and the Special Commission az
pointed by the President says:
"Taken as whole. The UNION PACIFIC RAiLsoAp
| HAS BEEN WE'LL CONSTRUCTED AND THE GENERAL.
ROUTE FOR THE LINE ExoEEpISGLY WELL SELECTED.
The energy and perseverance with which the work
mas been urged forward, and the rapidty with which
u mas been executed are without parallel in history
ana In grandeur and magnitude of undertaking it has
never been equalled." The Repsrt states that apy
dehciencies that exist are only those incident to all
new roads, and that could not have been avoided
without materially retard'ng the progress of the
great WORK. SUCH deficiencies are supplied by all
railroad companies after the completion Of the line
"neh anu Wherever experience shows them to be
necessary The report concludes by saying that ithe
country has reason to congratulate itself that this
great work of national Importance Is so rapidly APP
preaching completion under such favorable auspices
'rhe Company Row have in use 1877 locomotives and
ne ry 1000 cars of all descriptions. large addi-
tio1sl equipment Is ordered to be ready In the Spring
The grading is nearly completed, and ties dstrbu.
ted for 100 miles in advance the western end of the
Track Full 1870 miles of iron for new track are now
delivered west of the Missouri River, and 90 miles
more are en- route. The total expenditure for con-
structien purposes In advance Of the completed nor.
'ion oil the road Is not less than eight million dollars
Besides donation from the Govt. of 10, 500 acres
Vi anu per mile, tile Company Is entitled to sub-
sidy U. 5. Bonds on its line as completed and ac-
copied at the average rate of about 200 per mile
according to the difficulties encountered, for which
the Govt. takes second lien as security, The Com
pany have already received 22 los 900 of this subsl
DIV, Of which sl2so,ooo was paid Dec 9th, and 64o,.
900 Dec. 18th.
government Aid-SecurIty of the Bonds.
By Its charter, the Company Is permitted to Issue
Its own FIRST MORTGAGE BONDS to the same
amount as the Government Bonds, and no more.
These Bonds are First Mortgage up' II The whole
road and all its equipments. Such mortgage upon
what for long time, will be the ony railroad com
nectng The Atlantic and Pacific States, takes the
highest rank as safe security. The earnings from
inc way OF local Business for the year ending June
so 1855, on an average Of 472 miles, over FOUR
miLLioN DOLLARS, which, after paying all ex-
penses, wcrc much more than sufficient to cover all
interest ability upon that distance and tho earnings
for the last live months have been $3.50 $40 They
wenla have been gre ter, if the road had not been
taxed 10 ts utmost cspacity to transport It's own ma
tsrils for construction Tae income from the g,ea.
passenger travel the Chpa ffeighs and the supplies
for the new Rocky Noun ain States ana Territories
must be ample for all interest and etter liabilities
no politca action can reduce the rate Of interest
IL must remain for thirty years-six PR Cent Per
Anhum in Gold, now equal to between eight aud
nine per cent in currency. The principal is then
payable IN soli. II bond with such guarantees
were issued by the Govt its market price would not
be Kiss than from 20 TO 25 per cent premium. AS
these bonds issued under Govt authority and SUI
pervls on, upon what isvery largely Govt. work,
they must ultimately approach Govt. prices. No
o.her corporate bonds are made so secure.
The price Tor the present is PAR, and accrued in
terest at per centIrom july /, 1865, in currency.
Subscriptions will be received in Wilmington. by
FIRST NATIONAL BANK.
R. ROBINSON " CO.,
"cHN PULLMAN O SUN.
wooLsToN q co.
and in New York
At.the company's oMce, No. 20 Nassau st.
AND by
John j. Cisco g. Son, Bankers, No. 90
Wall street
and by the Co npanys advertised agents throughout
the United States.
Bonds sent free but parties subscribing through
local agents, will look to them for their sale delivery
A NEW PAMPHLET AND MAP WAS ISSUED
Oct. list, containing report Of The progress of the
work to that date, aud complete statement in
relation TO the value of the bonds than can be given
in an advertisement which will be sent free ap-
plicatDn at the Cumpany's Offices or to any of the
advertised agents.
~ The conpbns n The First Mortgage Bonds oi
the Union Pac hc Railroad Company, due January
s', 1862. viii he paid and after that date IN Com
Corn, fee of Got. tax, the company's Office No.
20 Nassau ST., New York
JOHN j. CISCO. Treasurer, New York.
nnc