Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-10-29
$50 MILES COMPLETED.

limited amount of the First Mortgage Bonds OF
the Union Pacific Railroad Company are offered to |
the public, as one of the safest and most profitable
Investments.
l. They are first mortgage upon tho longest and
most important railroad in the country.
2. BY law they canbe issued to the Company only
a. the road is completed that they always repre-
sent real value.
8. Their amount Is limited by act Of Congress TO
Fifty Million Dollars the entire Pacific line or an
average of less than $4,000 per mile.
| 4. Hon E. d. Morgan, of the United States Senate
and Hon, Cakes Am.s of the United States House
OF Representatives the trustees for the bonahod-
ere, 20 see that all ticr Interests are protected
| 8. Five Government Directors, appointed by the
President Of the United States responsible to the
country for the management Of its affairs.
| g. Three United States Commissioners must certify
that the road is well built and equipped, and In all
respects irstclass railway, before any bonds can
be issued upon IT,
| Z. The United States Government lends the Com
pany its own bonds to the amount that the COM
pany issues, for which 1t takes second mortgage as
security.
| s. Az additional aid it makes absolute donation
Of L. 500 acres Of land to the mile, lying upon each
side of the road.
| o. The bonds pay six per cent in gold and the
principal is also ayable in gold.
10. The earnings from the local way business
were over Four Million Dollars last year which, after
paying operating expenses. was much more than
sufficient to pay the interest These earnings Willie
vastly increased on the completion Of the entire line
| in 1862.
u. No political action can reduce the rate of in
teres 1t must remain for thirty yearssix per cent
per annun in gold, now equal to between eight and
nine Der cent. In currency. The principle is then
payable in gold Ii bond, with such guarantees.
were issued by the Government, its market price
would rot be less than from 20 to rs per cent pre-
MUM, these bonds are issued under Government
authority and supervision upon what is very largely
GovernmeniIwork, they must ultimately approach
Government prices. No other corporate bonds are
made secure.
10. The issue will soon be exhausted The sales
have sometimes been half million day, and near
~ twenty millions have already been sold, About
ten millions more may be offered. 1t is not mproba
bic that at some time not far distant all the remain
der Of the bonds the Company issue will be taken
by some combination Of capitalists and withdraw
from the market, except at a large advance. The
long time, the high gold interest and the perfect Sc
curi;y, must make these bonds very valuable for
, port.
All the predictions which the officers of this Com
ness success Of their enterprise or the value aud ad
vance in the price Of their securities have been NOR,
than confirmed ana they therefore suggest that par
ties who desire to invest in their bonds will find IL Il
their advantage to do SO at once.
The ,reo for the present is 1os and accrued inter
est a. NE rate 81 SIX per cent IN Currency from ~
~ | by
q
I rin'i MAMMAL DAM
d RI. ROBINSON ~ co.
!, : ,o,Nno,p,psoN
I
n WooLSToN a Ce
d ara n Ma, yort
.
= Atthe C0mpany's office, No. 20 Nassau 81
:.
1t Asn ny
n. John J. Cisco q Son, bnnkers,l NO. o
is Wall stree.
y ana by the company's advertised agents througho'
~ the United States.
rs
is Bonds sent free, but parties subscribing throug
local agents will loo In them far their safe deliver
hit -, - w., W 80 ~ -, 80, W., -,
I'd Oct 1s, containing report of the progress Of Il
an ,vor, 10 tbot doto ana oor,,a,o st.,a,ont
Gu "ork 10 maj aa'e, anu more complete statement
al relation TO the value of the bonds than can be Civ,
cir In ~, H. n.,t f,oan -, q.