Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1869-01-28
Grand Line to tho Pacific

WHINE opes for Business In the Summer of 1869.
inc regular Government Commissioners have pro.
noinced the unIon Pacific Railroad to 10 prssr CLASS
IN every respect ard the Special Commission an
pointed by the PRESIDE saws.
'raken as whnl .'HnuMos PActrro R.ursAp
MAS nEEs WE CONTRIBUTED AND the GENERAL
ROUTE r'R THE ! rsL ExorkriseLr VIZ L ey1r,nrp
The energy and perseverance, with whies the work
has been urg, forward, and he rapidty win which
1t has been executed without parallel IN hcsrv.
and in grandeur and gitude Of undertaking It has
never been equalled" The Rep.rt sta e- that any
deficit nries hat exist are only those incident to all
new roads, and that could not have been avoided
without materially refard ng the progress Of the
great work. Such deficiencies supplied by ali
railroad companies after the completion OF the line
when and wherever experience shows Them to DO
necessary. The report conclude by saving that 'rhe
country has rca-on TO congratulate itself III this
| great work of natona imp ,rtancc Ia so rapidly ap-
p-oarhlng completion under such favorable auspices "
Tho Company now have In use 1871 locomotives and
ne ry 1000 cars Of all descriptions largo add
ousl equipment is ordered he ready in the Spring
The grading is nearly completed, and ties disribu.
ted for 40 miles advance oftbc western end Of the
track Full 100 miles Of iron for new track are new
| 'e iveied west of the Missouri River, and no mills
more are en- ro.te The total expenditure for con-
s'ruction purpo.es in advance OF the completed pr
lion of the 'oad Is not less than eight million dollars
Besides don slim from the Gnvt. OF 1e 800 acres
"f land per mile, the Company Is entitled to a snb
sidy In U s. Bonds on It's line completed and ac
cepted AT the ave rate Of about $40 QUO per rse
according 10 the difficulties encountered. for which
the GOVT. takes a second lien a. security The Com.
pany have already received s22 Of this ,ubsl.
d, of which si,9soooo was paid Dec. eth, and CO..
| ono Dec. 18th.
| GOVERNMENT AiJ-Sccurity OF the Bonds.
by its charter, the Conpar ~ permitted to issue
s0wn FIRST MORTGAGE BONDS to the same
mount as the Government Bonds, end no more
RI ESQ Bonds First MORT aye up II the whole
road and all liz equipments Sunh mortgage. up.u
what for long time, will be the only railroad con-
necting the Atlantic asd Pacific Sta'es, tikes the
h chest rank as safe fecuri ,. .-.-i,g- fr.m
he way or local business for the year ending June
3d. 1865, ON an average Of 472 miles, were FOUR
MILLION DOLLARS, which. after paying all tx.
penses, were much more than sufficient 10 cover all
interest ability upon that di-tanc AID the earnings
r,r the last five months have been $3.50 $40 They
would have been ioiter, II the road had not bees
taxed TO Its utmost capacity To transport Is own ma
TRIALS for construction TIE income rsm the g ca
passenger travel the Chipa freiphs and the supplies
Sur the Rocky Noun ain States ana Territories
nus he ample for all interest and OF liabilities
No tliticul action can reduce Inc rate ri interest
u rem lin for thirty years--'ix Pr Cent. Per
Annum IN Gold, now equal to between eight and
niue per ceit In currency. The principal is thon
payable ia COLL. II bond with such guarantees
were issued by the Govt its market price onld not
I've less Than from 20 10 2o per cent premium. Al
the bonds issued under Cow. authority aud su.
p'rv's Oh, upon What IL very largely Govt work
they must ultima ely approach GOVT. prites. No
. her cIrruri'e bonds are made so secure.
The price or the present is PAR, aud accrued In
lerest at per cent iron July l. 1865. In currency.
sulscri. tions will be received In Wilmington, by
FIRST NATIONAL BANK.
R.R. ROBINSON Il CO.,
JOHN MoLEAR & SON.
wooLsToN . CO
and in New York
1.-THE co,npsny's ofiico, No. 20 Nassau 81
AND
John J.. Cisco a sou, Bankers, Ne. -
AMI by the Conpanys advertised agents thrsughsu
the United states.
Bonds sent free but parties subscribing thrsugi
local agents. will look to them for their delivery
ANEW PAMPHLET ANU MAP WAS IssUEI
Oct. ist, containing report Of the progress Of III
work 10 that date, and more complete statement II
relation the value u the bonds than bs givss
In an advcrtis mcnf. which will be sent free p
picaion at the Companys Offices or to any Of tn,
advertised AGENTS.
sB- The coupons Fl he First Mortgage Bonds o
the Union Pac nc Railroad Comp any, due Jsnuay
Isl, 1863. will lie pad and after that TO- IN GoLI
Co.'s. fies of Go't tax. at the Company's Office, No
40 Nassau =, No. v--s-
JOHN J. CISCO. Treasurer. New York
Dar tsih tsi9.