Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-05-21
TT II Il

u N O n i, A q II I q
RAILROAD COMPANY
OFFER A LIMITED AMOUNT OF THEIR
First Mortgage Bonds
AT PAR, PRINCIPAL AND INTEREsT
PAYABLE IN GOLD.
The Great Pacific Railroad Line, extending 1871
miles from Omaha on illc missouri ,Var. 70 tns nue
powerful Companies--I'he linton Pacific, beginning
1T Omaha, building West, aud the Central Pacific
OF California, beginning NJ Sacramento, building
East, until tho two roads shall meet
Bolh Companies have prosecuted the work with
great vigor the Union Pacific having already erlcnd-
ed over
THIRTY MILLION DOLLARS,
pectve parts Of tic undertaking. T'IIE UNION
PACIFIC HAVE COMPLETED $50 MILES-hayc
iron and other mater ais for two hundred miles more
upon the ground, and one hundred additional miles
are ready for the track They will have much lar
ger force employed this year than ever before, and it
IL expeced that between
800 AND 900 MILES
will be in operation during 1868. There seems to be
no reasonable doubt that the distance between
| Omaha and Sacramento will he irayersed by rail- in
| 1870
land, and its Bonds to the average amount Of s2S 600
per mile aid in the construction of the line and
authorizes the issue Of the First Mortgage Bonds now
offered for sale, to the game amount and more.
The Government takes second lien and gives TO the
First Mortgage Bondholders prior lien for their
curty, to which large paid-up capital II added.
The bonds cannot be issued except as each scclisn
| of twenty miles is accepted by Government commits
sion, that they always Represent real property.
1t IL universally admitted that ON the completion Of
tie Union Pacific Railroad Its through business will
make IL one of the most profitable in the wors-but
its Way or Local business i already several tines the
| were built, they would be u secure investment
THE NET EARNINGS for eight months of last
year average Of 3s6 miles are officially reported
at ,069,I36. while the interest on all the Bonds
it could issue on hat length of road for that time
reduced d to currency, wa ,s only sSass .
poriation Of troops munitions, stores and mails has
been, and doubtless will continue to be. much more
than the interest the United States Second Mort
gage Bonds. lift sno, the charter provides thai
after the rUa1 is completed, and until said bends anC
interest are pad, at least live per cent Of the net
earnings of the road shall be applied to such payment
The Union Pacific Bonds are for $1,000 each, ani
have coupons attached. They have thirty years Il
run, and bear annual interest, payable on the frsi
the City Of New York. at the rate Of six per cent In
gold, The Principal is payable IL gold at maturity
\ At the present rate of gold, these bonds pay al
annual income on their cost Of
NEARLY NINE PER CENT,
And IL is believed that they WiU soon be
at q Premium.
The Company have but n very limited supply oil
their Bonds remaining on hand hut any subscriptions
accepted to greater amount than can be filled from
Bonds now IN the Company's pussession will be sup
piled from the New Bonds to be issued on that por
| ton of the road completed in the Spring. in the or
der in which they are received
| The Company reserve the right to advance the
price Of their bonds to rate above par ut any time
aud will not I'LL any orders or receive any snbscrp-
tons on which the money has not been actually pait
at the Companys sflice before the lime of such ad
| vsnce.
Parties subscribing will remit the par value If tn,
bonds and the accrued interest IN currency at Tho
rate of Fix per cent. per annnm, FROM the date oI
| which the last coupon was paid. Subscriptions will
be received in Wilmington by
FIRST NATIONAL BANK.
II. r. ROBINSON & co.
JOHN MoIEAR & SON,
wOOLSTON s. GO
and in New York
At the Company's Office, No. 20 Nassau st
John j. Cisco 4, SON, Bankers, No. 81
Wall street.
And hy the Cempanys advertised agents through
out the United STATES.
Remttances should be made in drafts othe
funds par in New York, and the Bonds will he sen
fee of charge by return express. Parties subscrbn.
through local agents. will look to them for THEN SAT-
delivery.
A PAMPHLET AND MAP FOR 1868 has lust beer
published by u c Company, giving fuller information
than IL possible In an advertisement, respecting thu
Progress of the Work, the Resources of The Countr
traversed by the Road, the Means Tor Construction
and the Value Of the londs which will be sent FREE
on application at the Company's offices or 10 any o
the advertised agents. ap2l-Smd&w