Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-12-31
Grand Line to the Pacific

there can be no doubt mat the whoie
Grand Line to the Pacific
vii, be opca for Business in the Summer of 1860.
The regular Government Commissioners have pro-
nounced the Union Pacific Railroad to be FIRST CLASS
in every respect, and the Special Commission mp
pointed by tho President says:
"Taken ms whole, THE UNION PACIFIC RAILROAD
HAS HEN WE'LL CONSTRUCTED AND rnR GENERAL |
RourE ron THE LINE ExoEEpISGLy WE'LL SrLEoTKp
The energy and perseverance with which the work |
has been urged forward and the rapdity with which
1t has been executed without parallel in history,
and in grandeur and magnitude Of undertaking It has
never been cqualled.n The Rcpert states that any
deficiencies hat exist are only those incident 80 al
| new roads, and that could not have been avoided
without materially retard ng the progress Of the
| great work. Such deficiencies supplied by all
railroad companies after the completion OF the line,
when and wherever experience shows them to be
necessary. The report concludes by saying that "the
country has reason TO congratulate itself th9t this
great work of national Importance is 80 rapidly APP
preaching completion under such favorable auspices "
The Company now have in use 1877 locomotives and
nc,ry 1000 cars of all descriptions large addi-
tons equipment is ordered TO be ready in the Spring.
The grading is nearly completed, and ties dstribu-
ted for 100 mesin advance ofihe western end of the
track. Full 1870 miles of iron for track are now
delivered west of the Missouri River and 90 miles
more are en- roate The total expenditure for con-
strction purposes In advance of the completed por
lion Of the road is mt less than eight million dollars
Besides donation from the Govt. OF Il, 500 acres
Of land per mile the Company is entitled To sab.
sidy In U. $. Bonds on its line completed and nc
cepttd ut the average rate OF about $4,000 per milo,
according to The difficulties encountered, for which
the Govt. takes second lien security The Com
pany have already received s22 ibsoOo of this ,ubsi
DIV, OF which si,ss0 900 was paid Dec. 9th. and 6i0
900 Dies. l4th
Government Afi-security Of the bonds
BY It's charter, the Co4pai l. permitted to Issue
: Its own FIRST M0RTGAGE BONDS 10 the sam,
7 amount az the Government Bonds, end no more
These Bonds First Mortgage up the Who'll,
road and all its equipments. Such mortgage upor
what for long time, will be the only railroad con
o Meeting the Atlantic nsd Pacific siaes takes TN
highest rank as safe security. The earnings from
d the way or local business for the year ending Jun
N 3d. s6s, on nm average Of 472 miles, FOUL
MILLION DOLLARS, which. after paying I'LL ,S
penses, were much more than sufficient to cover n
interest ability upon that disance and the earning
for the last five months have been $3.50 SO The
would have been greater, II the road had not bee
taxed 10 It's utmost capacity To transport is own mi
tcrIalr for construction Tee Income from the &C;
passenger travel the Chisa ffeighs. and the suppi
for he rev Rocky Noun ain States nrn Tcrritor'
be ample for all interest and OF or liabilite
No political action can reduce the rate ef intcrcs
] 1t must remain for thirty ycars->ix Pr Cent II
Annun in Gold, now equal - between eight AT
nina per cent in currency. The principal II th,
= payable In goll II bond with such glainntc
were Issued by the Govt lis market price would n
: hc l,ss than from 20 to 25 per cent premium.
.nIs
! pcrys On, upon hat Is very largely Govt. woi
they nnst ultimately approach Govt prices.
( o her corporate holds are made so secure.
:, The price or the present is PAR, aud accrued
cfes ~ per cent ron July |, 1865. In currency.
. subscriptions will be received in Wilmington, by
, FIRST NATIONAL BANK.
!. RR. ROBINSON " CO.,
JOHN McLEAR g. SON.
z wooLsToN & {
nrIrnv vc.npany.s orrce, NO. go Nassau
AND ny
John J. Cisco o. SON, bankers. No.
Wall street
and by the Conpany's advertised agents through,
the United states.
Bonds seut free, but parties subscribing throt
local agents, will look to them for their sa!e dcve
NEW PAMPHLET AND MAP WAS IssU
Oct, 1st containing report of the progress of
work to that date, and more complete statemen
relation 10 the value Of the bonds than be 81
in an advertisement, which will be sent free on
s.. plicati1n at the company's offices to any of
advertised agents.
az The Coupons of the First Mortgage Bonds
the Union Pacific Railroad Comp any due Janu
Isl, 1867, will 10 paid on aud after that date IN q
Cons, iies of Govt. tax, at the Company's Office,
20 Nassau St., New York.
JOHN J. CISCO, Treasurer. New Yurl
Dec. 18Th. 1868