Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-11-05
ONE OF THE
$50 MILES COMPLETED.

limited amount Of the First Mortgage Bonds of
the Union Pacific Railroad Company are offered to
the public, as OF the safest and most profitable
investments.
l. Ihey are a first mortgage upon the longest and
most important railroad in the country.
2. By law they can be issued to the Company only
AZ the road is completed, that they always repre-
sent q real value
8. Their amount is limited by act of Congress to
Fifty Million Dollars ON he 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 are the trustees for the bonahold
ers to see that all their interests are protected
o. Five Government Directors, appointed by the
president oil the United States responsible to the
country for the management OF its affairs.
9. Three United States Commissioners must certify
that the road Is well built and equipped and in all
respects first-cass railway before any bonds can
be Issued upon 1t.
7. The United States Government lends the Com.
pany its bonds to the same amount that the conn
pany Issues for which 1t takes second mortgage as
security.
As additional aid 1t makes an absolute donation
OF l2sooacres 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 payable in gold.
TO- The earnings from the local or 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 will he
vastly increased on the completion of the entire line
m 1869.
L. NO political action can reduce the rate of in
terest must remain for thirty ye srs-six per cent
per ahnum In gold now equal to between eight and
nine per cent. in currency. The principle is then
payape IN gold IL bond, with such guarantees,
were Issued by the Government, its market price
would not be less than from 20 to rs per cent pre-
MUM, as these bonds are issued under Government
authority and supervision upon what is very largely
sGovernmentIwork, they must ultimately approach
Government prices No other corporate bonds are
made 80 secure
49, The Issue will soon be exhausted. The sales
have sometimes been half million day, and near
ly twenty millions have already been sold, About
ten millions more may be offered 1t Ia not improba
BILE that at some time mot far distant all the remain
der OF the bonds the Company can ssue will be taken
by some combination of capitalists and withdrawn
from the market, except at large advance. The
long time the high gold interest," and the perfect &C.
curity, must make these bonds very valuable for ex-
port.
All the predictions which the officers of this Com.
pany have made In relation to the progress and bust
ness success Of their enterprise or the value and ad
vance In the price of their securities have been more
than confirmed, and they therefore suggest that par
ties who desire to invest in their bonds will find il to
their advantage to do SO at once
The price for the present is 1Oa and accrued inter.
est AZ the rate OF six per cent In currency from july
ls and subscriptions will be received in Wilmington
by
FIRST NATIONAL BANK.
r. R. ROBINSON & co.
JOHN MoLEAR q SON.
wooLsToN q CO.
and in New York
Atithe Cempsny's once, No. 30 Nassau st.
John ]. Cisco a Son, Bankers,l No. 90
Wall Street,
ana py the Company's advertised agents throughout
the United States.
Bonds sent free, but parties subscribing through
local agents. will look to them for their safe delivery
ANEW PAMPHLET AND MAP WAS ISSUED
Oct lst, containing report Of the progress Of the
work to that date and more complete statement in
relation to the value Of the bonds than be given
in an advertisement which will be sent reee on ap-
piicaton at the Company's offices or to any Of the
advertised agents.
JOHN J. CISCO, Treasurer, New York
Oct. 9th, 1868