Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-01-09
financial.
5 2 5 M L l. f. S
OF THE
Union Pacific Railroad,
Running West from Omaha,
ACROSS THE CONTINENT,
ARE NOW COMPLETED

This brings the line to the eastern base 81 w
Rocky Mouatains, and II is expected that the TRACK
will be laid thirty miles further, to Evans fas W
mum grade from the foot Of the mountains 70 tne
summit is about eighty feet to the mile, while na =,
many eastern roads s over one hundred i rnnrne
the rock-cuttinge on the western slope VIII coi.aso
through the winter, and there is now no reasnh h
doubt that the entire grand line to the racine VIII"
open for business In 1870. .,,
The means provided for the construetl9n q ia,s
Great National Work ample. The United s, san
grants its Six Per Cont. Bonds at ne rate OF Ilua
$40 900 to s4s 900 per mile, for which It takes sscona
lien az security, and receives payment to laren
not 10 the full extent of its claim in services hs
Bonds are issued as each twenty mile section 10 s,ai
respects first class road thoroughly supplied WIN
dspots, repair-shops, Stations and all the hceoss'
rolling stock and other equipments. ,oon
The United States also makes donation Of lz,sy,
acres of land to the mile, which Will be so soa IN
the Platte Valley is among the most fertile in I W.
world, and other large portions are covered VII WI,
heavy pine forests and abound in GOAL OF the os''
The Company is also authorized to Issue its own
First Mortgage Bonds to an amount equal 70 tae \
sue OF the Government and no more. Hon. D. =.
Morgan and Hon. oakes Ames are Trustees for ~
Bondholders, and deliver the bonds to the COMPANY
only as the work progresses, so that they Always IVY
resent an actual and productive value. ~
The authorized capital of the Company is one Mu.
dred Miikon Dollars, of which over five miiiph
have been paid in upon the work already done.
hAhNlNdO OF InE OOmTAN i.
At present, the profits OF the Company are DER
we'd only from Its local traffic, but this Is already
much more than suthcien to pay the interest on all
the Bonds the Company can issue, II not another
mile were built 1t is not doubted that when TIE
road is completed the through traffic Of the only line
connecting the Atlantic md Pacific States will 10
large beyond precedent and, thcre will be NO COM
1t will be noticed that the Union Pacific Railroad .
IN fact Government Work, built under the supery.
sion OF Government officers and to a large extent
with Government money, and that its bonds are y,
sued under Government direction. tits believed maj
no similar security is carefully guarded, and GER
tainly no other is based upon larger more yalaa
BILE property. As the Company's
FIRST MORTGAGE BONDS,
are offered for the present at 90 CENTS ON THE
DOLLAR, they are the cheapest security IN the ma
ket being more than Is per cent lower than U. o.
Stocks. They pay
SIX PER CENT IN GOLD,
or over NINE PER CENT. upon the investment.
Subscriptions will be received in Wilmington, BY
r. II. ROBINSON & CO.,
j. MoLEAR q SON,
FIRST NATIONAL BANK, ~ on
and In New York at the Company's Once, NO. !"
Nassau street, and by
CONTINENTAL NAT. BANK, No. 7 Nassau . e..
CLARK, DODGE 8 CO., Bankers, No. d Wal w.
and by the Companys advertised Agents thronenoass
the United States. Remittances should Nc ms sSs
I'D drafts or other funds par In New YORK, Anu ~.
bonds Will be sent free of charge by return IN
NEW PAMPHLET AND MAP, showing Atom al.
Progress OF the Work, Resources for Constrnosvs,
and Value of Bonds, may be obtained at the 70 aapnt
nys Offices Or Of its advertised agents. or Will DC 'eA
JOHN j. CISCO, Treasurer, New York
November 20, 1867. dec'-n"