PUBLISHED STERT 8.ITURDA V,
BY HENRY VANDERFORD.
JtéB* Office corner Main and Scott streets, over
D. L. Dunning's Book and Variety Store.
Terms.— $2.00 per annum, payable in advance.
Single copies five cents.
Advertising Rates.—O ne square of ten lines,
$1 for the first insertion and 25 cents for each
subséquent insertion. One square one year $10;
six months $8. For a quarter of a column three
months $8 ; six monhts $15 ; one year, with the
privilege of four changes, $25; for half a column
$50. Fractions of a square to be couuted os a
square. When the number of insertions is not
marked, advertisements will be continued until
forbid, and charged accordingly,
published at advertising rates; Marriages and
Heaths inserted free. Yearly advertisers must
confine their advertisements to their own business.
All letters should be addressed to The
Middletown Transcript, Middletown, Del.
STANDARD GUARANTEED if
WILMIN G TON, PEL,I
J 'YfST FRONT ST.WILNUN^I
I s sour
" WHARVES , P
Varies street, b
ÜLfAX ST. ALEtflilll
' s *s.
A Great Crop Producer and Thorough
Renovator of worn out lauds.
For Sale by all Dealers.
DR. J. J. VANDERFORD
Graduate of the Pciinaylvaiila College of
H AVING located in Middletown, Del.
respectfully announces to the public^ÆÊBu
that he is prepared to i>erforiii all operations per
talning to the practice of
ARTIFICIAL TEETH Mounted on Dental Vul
canite, a material superior to mcials in its adapt
ability and durability.
Persons having badly adjusted gold plates
have them exchanged for the Vulcanite.
Great care will be given to Children's Teeth;
frrcgularties corrected, and deciduous teeth pre
served until the permanent ones make their
superior Dentifrice constantly on hand
Office on the corner of Scott and Main streets,
formerly occupied by I). L. Dunning
April 10, 1869— ly
INDIGO BLUEING BAG,
THE MOST ECONOMICAL,
CLEANLY k COMPLETE ARTICLE ever USED
By thrifty Housekeepers and Laundresses.
E ACH Bag la provided
can be put safely awi
PRICE 20 Cts—HALF SIZE 10 Cts.
This blue contains no acid, und will not injure
the finest fabrics. One twenty cent bug will out
last eight two-ouncc vials of Liquid Blue, besides
giving a softer color and avoiding the danger aud
annoyance of broken and uncorked Bottles.
Patented Dec. 24, 1867, and for sale by
Plymouth Color Co. C. T. Raynoldb k Co.
106 à 108 Fultou Street, N. Y.
Inquire for it at any Respectable Grocery.
Box so Huit it
ay as soon as used.
150,000 PEACH TREES FOR SALE
AT CEDAR LAWN NURSERIES.
SOMERSET CO. MD.
W E have all the leading varieties.
are raised in a new soil where
disease ; they are clean, thrifty and good size.
The seed aud buds were selected with great care,
there is no
of giving satisfaction.
For price list and particulars apply
702 Market st. Wilmington, Del.
ALPIIONZA II. LORD,
Upper Trappe, Wicomico county, Md.
Or to JOSEPH II. LORD, Odessu, Del.
J. STEWART DEPUY,
253 SOUTH SECOND ST. ABOVE SPRUCE,
N OW offers an unusual assortment of CAR
PETS OIL CLOTHS, WINDOW SHADES,
MATTINGS, k c. &c. at very reduced prices, to his
friends and the .public.
April 3, 1869—3mos
LOOK AT THIS !
M R. J.AMES H, COLLINS is prepared to man
ufacture Boots apd Shoes at the following
prices:—(Calf Skin Boots, $9.00—Coarse Shoes,
$3.50—Fine Shoes, $5.50—Walking Shoes $4.50,
and his place of business can bo found at the
JCorner of Broad and Lake streets, near the Acad
£• LANK. Auctioneer, has removed to
▼ ▼ • Newcastle, Del. Those desiring his ser
Tu? *î • Auction e«r» will please address him at
that place, and their orders will meet with
April 3, 1869—tf
H ORSES AND CARRIAGES for hire at
Stable, of Thomas Murray, on Scott street.
The horses ore safe, and careful drivers will be
provided when desired. Terms moderate Ap
to THOB. MURRAY.
Jan. 2.—y. At his Store on Wood St.
A Note given by S. B. Sutton, and endorsed
by Albert C. Newton, for $2,000 in favor of
John M. Wood, given March 16th, 1868, at .lx
months. The payment has been stopped.
March 13, I860—3m JOHN M. WOOD.
STM UNO OF 1869.
JOHN A. REYNOLDS & SON,
WHOLESALE AND RETAIL DEALERS,
A RE prepared to supply the Buying Public
from an unusually Large and Attractive
Assortment of NEW r GOODS, complete in the
the following Departments.
FOREIGN AND DOMESTIC DRY GOODS,
Colored and Black Cloths and Cassimeres,
LADIES COLORED AND
BLACK CLOAKING CLOTHS,
HOSIERY, GLOVES, NOTIONS,
WHITE GOODS, LINENS AND TRIMMINGS,
Latest Style Colored and Black Hats k Caps,
Rubber Overcoats, Umbrellas k Parusols,
Ladies', Misses' and Childrens'
Gaiters and Balmorals,
Men and Boys' heavy Boots and Brogans,
Oil Cloth, Window Shades and Fixtures, Carpets,
White k Check Mattings,
Willow and Wooden Ware, Cordage k Co.
China, Glass, Queensware, and Stono Ware,
Hardware, Cutlery, Tin k Earthenware,
Drugs, Paints, Oils, Glass and Paint Brushes,
GROCERIES, SPICES, PICKLES,
CANNED FRUITS, JELLIES AND SAUCES,
TOBACCO, SNUFF CIGARS,
Highly Perfumed and Washing Soaps k Candles,
Fish, Salt, Flour, Provisions, ko.
Drccrs and Shakers Vegetable and Garden Seeds.
Star Mills Seamless Grain Bags,
Which wcaie constantly receiving in new and
fresh lots, nnd offer for sale at the lowest murket
rates on the most reasonable terms,
THREE VALUABLE FARMS
Situate near the Chapel on the Public road
from Easton to Hillsboro', Md.
r I HIE subscriber offers at Private Sale, Three
A Farms situate in Chapel District of Talbot
No. 1 CONTAINS ABOUT 250 ACRES
Of land more or less, improved by a good Two
Story DWELLING, nearly new ;* Out Buildings
in good repair, sufficient for all purposes. Good
Peach and Apple orchards on the farm. Abund
ance of Wood und Timber.
Situate directly on the public road from Easton
to Chapel, containing 110 ACRES, more or less.
One Building on the land. Wood and Timber
land sold with it if desired. Land a red clay
soil, in good condition, and susceptible of a high
state of cultivation.
Situate on the Public road from Chapel to Hills
borough, containing about 150 ACRES of land,
more or less. One-story DWELLING in ordina
ry repair. Abundance of Wood and Timber;
soil fair and easily improved.
For particulars apply to the undersigned, or to
J. J. S. Nicholson, at the Chapel.
SARAH A. SCOTT.
Rhodes Super Phosphate
THE STANDARD MANURE.
POTTS & KLETT,
Camden, New Jersey.
The attention of Farmers is especially called to
RHODES SI PUR PHOSPHATE
As the most valuable aud reliable manure for
wheat nnd grass, us well as for other crops, as
attested by an experience of fifteen years.
This long established and standard
prepared expressly for Drilling nnd particular
care is taken to maintain tho high reputation it
We nrc*pre pared to furnish the Rhodes Super
Phosphate in bids, or in bags of 200 lbs. ns may
For sale by dealers, and by
YARNALL & TRIMBLE,
418 South Wharves, 419 Penn Street,
T HE Copartnership hitherto existing between
the undersigned, under the name of John A.
Reynolds & Sons, is this day dissolved by mutual
consent, E. Reynolds retiring.
All persons indebted to the late firm will please
call and settle up to the 1st of January, 1809
wc wish the business all dosed up to that date.
8. M. REYNOLDS.
Tlie undersigned will continue tho business at
the old stand, under the style of John A. Rey
nolds & Son.
Thankful for past favors, we hope, by strict at
tention to business, to merit a continuation of
the same. J. A. REYNOLDS,
S. M. REYNOLDS.
I take this opportunity to return my thanks to
the public for the liberal patronage so kindly be
stowed upon the late firm during my connection
with it, und cordially ask a continuation of the
same to my successor.
March 13tb, 1863.—lm
II¥ MIDDLETOWN, DEL.
North East Corner of Lake aud Broad Streets.
T HE undersigned wishes to inform his friends
aud the public at large, that he has com
menced the Baking Business in all its depart
ments, and will keep constantly on hand,
Bread, Oakes, Crackers, Pies, Gandy,
And will supply Weddings, and Purties, with all
sorts of Cakes at short notice.
He has engaged a first class Baker to attend to
He will also continue the Painting Business in
all its Brandies.
March 6, 1869—tf
THOMAS MASSEY, JR.
CLOCK AND WATCH MAKER,
Mata Street, nearly opposite Wttker't Hotel,
C LOCKS, Watches, Jewelry, &c. qe^tly and
Always on hand and for sale, Clocks, Watches,
Plated Ware, Forks, Spoons, Silver Napkin
Rings, Silver Thimbles, Salt, Sugar and Tea
Spoons, Butter Knives, Gold Breast-Pins, Ear
Rinçs, Finger-Rings, Sleeve Buttons, Watch
Chains, Watch Keys, Key Rings, Steel Watch
BOOK, STATIONERY, AND
S CHOOL BOOKS and Miscellaneous Works,
Bibles, Prayer Books and Hymn Books,
Blank Books, in various styles and binding;
Tuck, Memorandum and Pass Books.
Writing, Letter, and Note Paper,
Envelopes, in variety ;
Mourning Paper and Envelopes to match.
Photograph Albums, Work Boxes, Fancy Boxes,
Writing Desks, Ladies' Satchels, Pocket Books,
Port Folios, Purses, Port Monaieg, Sogar
Cases, Picture Frames, Tassel and
Cords, Looking Glasses,
BACK GAMMON BOARDS, CHESS AND
CHECKER MEN, G AMES of all KINDS.
Rubber Pencils and Penholders,
Writing Fluid and Ink Stands,
Pocket Cutlery, Roger's Scissors, ac.
Sleove Buttons, Studs, Breast Pins, Finger Rings,
Combs, Brushes, Nail and Tooth Brushes,
Gum Bands, Watch Kèys, iKcy Rings,
and Puff Boxes.
A fine assortment of Colgate & Go's. Soap.
PHALON'S NIGHT BLOOMING CEREUS,
N right s and Taylor's Superior Extracts,
Pomades, Hair Oils,
And Dental Soap of the First Quality.
GENTS' FURNISHING GOODS.
Neck Ties of various styles, Bismarck Collars,
Gloves, Hose, Handkerchiefs, Cuffs, Wristlets.
Segars, Tobacco Pipes, Meerschaums, nnd To
Lamps, Lamp Chimneys, Wicks and Coul Oil.
NEWSPAPERS AND MAGAZINES.
New* York Ledger, Harper's Weekly, Bazaar and
Magazine, Frank Leslie, Chimney Corner,
eekly, Girls nnd Boys Weekly,
Gleason's Litcrury Companion, ko.
Godey's Peterson's, Atlantic, Arthur's, Gal
axy and Mm'e Demorest's Magazines.
1). L. DUNNING,
Corner of Main and Scott streets,
Jan. 30—ly Middletown, Del.
J. M. COX & BRO.
JZO" MANUFACTURE ALL KINDS OF
ALL WORK FROM THIS ESTABLISHMENT
TO GIVE ENTIRE SATISFACTION.
Repairing promptly attended to,
Cecil Democrat, and Whig, News nnd Tran
script, Chestertown, Smyrna Times, and Centrc
ville Observer copy 6 months and send bill and
paper to advertiser.
.4 SAFE BLOOD PURIFIER,
A PLEASANT BEVERAGE,
A SPLENDID TONIC.
A CEKT il V (I RE
Preventive of Diseases.
rpilE ZINGARI BITTERS ore compounded
1. from a prescription of the celebrated Egyp
tian physician, Dr. Chcopsus, who, after years
of trial and experiment, discovered the Zingarini
Ilerb, the most remarkable vegetable production
the earth, perhaps, has ever yielded—certainly
the most effective in the cure of disease. It, in
combination with the other valuable properties
of which theZingari Bitters is composed, will cure
Dyspepsia, Fever and Ague, Billious Fe
ver, Cholic, Colds, Bronchitis, Con
sumption in its first stage, Flatu
lency, Nervous Debility, Fe
ry, Acute and Chronic Di
arrhoea, Cholera Morbus, Cholera,
'Jyphoid and Typhus Fever, Yel
low Fever , Scrofula, Diseases of the
Kidneys, Habitual Costiveness, &c. d'c.
In the prevention and cure of the above discas
es, it has never been known to fail,
ofourmostprominentcitizens throughout all parts
of the country, will testify. Let the afflicted send
for circular containing testimonials and certifi
cates of those who have been cured after their ca
ses have been pronounced hopeless by our best
Principal Depot, F. RAHTER & CO.
No. G N. Front St. Philadelphia.
Ex-Gov, David R. Porter, of Pennsylvania,
Hon. Robert J. Fisher, u
Hon. Edward McPherson, 11
Hon. Joel B. Danner, "
non. Wm. McSherry, (t
K-fTSend for Circulars.
AMERICAN & SWISS WATCHES.
M. E. DICKSON,
No. 35} SOUTH EIGHTH STREET,
^SES attention to his fine selected stock of
WATCHES AND JEWELRY,
Of the latest Styles and the but Factory make.
Sterling Silver Spoons, Forks, and Butter Knives
which will bo sold at a very small advance. '
Particular attention paid to repairing
Fine Watches and Jewelry.
F OR rent,
The Rooms now occupied by J. J. Van
derford. Possession given 25Utof March.
MARTIN E. WALKER,
1 00,000 No. 1 OSAGE ORANGE QUICKS,
for sale by SAMUEL H. CRAWFORD,
Near Warwick, Md.
G. W. W. NAUDAIN,
is opening a fresh stock of
FALL AND WINTER GOODS,
P URCHASED since the fall in many kinds of
the same. Being bought for Cash*, and from
first hands, principally—hence we avoid the second
profit of the jobber and intend giving the advan
tage to our liberal friends.
Our stock consists of Merinoes, blk. col'd Al
pacas, Wool Poplins, W r ool do. Laines, Good
assortment of Prints, Cotton and Wool Flunnels,
1, IV, 24 Bleach'd and Bro. Muslin, Balmoral
Skirts, Shawls and Hoods, Ladies Vests, Gents
Knit Shirts and Prawors, White and Col'd Blank
HATS AND CAPS, DRUGGETS,
CARPET AND OILCLOTHS,
Painted Window Shades
GLOVES, HOSIERIES, AND
In faot, anything kept in a first class country
Wo call particular attention to our fine stock of
Over-Coatings, Cloths & Cassimeres,
which we make a Speciality,
Roceiving from the Manufacturers, Ladies'
Misses, and Children's Shoes, Gents
pegged, double upper and sole, Calf Boots, Men's
heavy, winter boots k Shoes, that we have made
of the best material ; and guarantee satisfaction.
9IACKEREL.SHAD, AND HERRING
THOMPSONS' G IOVE FITTING CORSETS
GENTS ARCTIC OVERSHOES,
MENS BUCK G A UNTLETTS,
GLO VES, MITTS.
A Stock of Dried Fruit Consisting of
LA YER RAISINS,
NEW DRIED CURRANTS,
NEW DRIED CITRON,
Also an extra article of
Liberal discount for cash, and show Goods with
G. W. W. NAUDAIN.
Raw Bone Super Phosphate of Lime.
W E offer to Farmers andJDealers in Manures
the present season our Raw' Bone Super
Phosphate of Lime as being highly improved.
It is not necessary at this day, to argue the
claims of this manure, as a useful and economical
application for Corn, Oats, nnd all Spring crops.
The article has a reputation of over fifteen years
standing, and is still manufactured by the origi
Farmers will pltiase send their orders to the
Dealer early, as this only w'ill ensure a supply,
BAUGH & SONS,
Office No. 20 South Delaware Ave.
EMPIRE SEWING MACHINE.
R ECEIVED the First Prize at the Great Fair of
the American Institute, in New York, Oct.
26, 1867, and highest premium for best manufac
turing machine at Paris Exposition, July, 1867.
Why is it the best? It runs over seams all
right ; it will take fifty stitches to the inch—finer
than any other machine will ; It will sew heavier
and thicker goods than any other machine ; it
uses any and every kind of thread ; it zct.a
starched goods as well as unstarched ; it sews the
most delicate, thin, soft Fabric, without drawing.
It sews a bias seam as well as any other.
Agents wanted.—Liberal discount given.
Empire Sewing Machine Company,
294 Bowery, New York.
EVERY MACHINE WARRANTED.
Feb. 13, 1869—3mos.
S. J. STAATS & STANERT,
I NFORM their friends nnd the public generally
that they havo taken Wilson's Shops, in
WARWICK, MD. and will carry on the
Machine Business, Blacksmithing &
All sorts of Jobbing and Repairing will be
promptly attended to at moderate rates.
Particular attention paid to
HORSE SHOEING, and also to PUMP MAKING.
They will also manufacture and keep for sale, a
HORSE POWER POST BORER,
an invaluable implement to farmers. It Bores
Post, Points Rails, Mortises Posts, Saws Wood,&c.
T HE undersigned having succeeded W
Gallaher in the above business in
Is prepared to furnish every article in his line
on the most reasonable terms.
His experience justifies his promise that
ALL HIS WORK WILL BE OF THE
And gives him confidence to solicit a share of the
Shop is on Main street, in the house
formerly occupied by Wm. T. Gallaher.
WM. C, DRAPER.
EUGENE M, HANSON
WATSON & DE YOUNG,
IMPORTERS AND JOBBERS OP
Hosiery, Notions, White Goods, &c.
No. 533 MARKET STREET,
Orders promptly attended to.
7STOTICE ! !
P ERSONS who Bred Mares to the Stallions
George M. Ratchet)) and Prince Albert, last
hereby notified that the Mon- xU
due, and prompt payment isgOfk.
peeled, either by Cush or Note. W— J
Mh. 13-rlm* JAMES T. 8HALLCROSs!
Jamea H. Frazer, M. D.
O FFERS his professional Services to the p
Office at theresldence of R. M. Black
Jan. 4— y .
The Metropolitan Gift Company.
Cash Gifts to the amount of 0250,000.
Every Ticket draws a Prize.
f MYK cash gifts, each $10,000 ; 10 cash gifts,
each $5,000; 20 cash gifts, ouch $1,000: 10
cash gifts, each $500 ; 200 cash gifts, each $100 ;
200 cash gifts, each $50 ; 50 elegant Rosewood
Pianos, $300 to $750; 75 elegant Mclodeons,
each $75 toSlOO; 350 » ewing Machines, each
$G0 to $175; 500 Gold Watches, each $75 to
$300; Cash Prize, Silver Ware, etc. all valued
A chance to draw any of the above Prizes for
25 cents. Tickets describing prizes are sealed in
envelopes and well mixed. On receipt of 25 cts.
a sealed ticket is drawn without choice and sent
by mall to any address. The prize named upon
it will bq delivered to the ticket holder on pay
ment of $1. Prizes arc immediately sent to any
address by express or return
You will know what your prize is before you
pay for it. Any prize exchanged for another of
same value. No Blanks. Our patrons
on fuir dealing.
References. —We select the following from
many who have lately drawn Valuable Prizes
and kindly permitted us to publish them : S. T.
Wilkins, Hutfulo, $5,000; Miss Annie Monroe,
Chicago, Piano, $G50; John D. Moore, Louisville,
$1,000; Miss Emma Walworth, Milwaukee,
Piano, $500 ; Rev. E. A.Day, New Orleans, $500.
We publish no names without permission.
THE Press " The firm is reliable,
and deserve their success."— Weekly Tribune , Oct.
8. •* We know them to be a fair dealing firm."
— A. Y. Herald, Oct. 58. A friend of ours drew
a $500 prize, which was promptly received."—
Daily News, December 3.
Send for circular,
agents. Satisfaction guaranteed. Every pack
age of sealed envelopes contains one cash gift.
Six Tickets 1$ ; 13 for $2; 35 for 5$; 110 lor
$15. All letters should be address to
Liberal inducements to
HARPER, WILSON k CO.
173 Broadway, N. Y
MIDDLETOWN STOVE HOUSE.
S. W. KOBERTR,
T AKES pleasure in announcing to his friends
of Middletown nnd surrounding country,
that the liberal patrongc lie has received has in
duced him to offer to the public the greatest va
riety, and best selected stock of Stoves, both
Cooking and Heating, ever offered in Middletow n,
and at prices that cannot fail to please. Among
the assortment arc the following
NIAGARA, NOBLE COOK,
CORA L COOK, W M. PENN,
and others made in the city.
UNION AIR TIGHT,
Also, SEXTON'S PARLOIt HEATERS.
GAS BURNING BASE,
Stoves of all kinds suitable for Stores, Offices
Bar-rooms, and School Houses.
Also, the Morning Glory and the Oriental, both
unsurpassed in beauty and efficiencv. Tliev_
be seen in operation at the store of the proprietor.
All sizes of Bar-room Stoves and Ten-plate
Stoves repaired at short notice.
Old Stoves taken in exchange.
j55®**TIN WARE at wholesale and retail.
As I have practical workmen employed, I think
I can give satisfaction to all who favor me with
their work. Particular attention paid to Roof
ing and Spouting.
S. W. ROBERTS.
Middletown, Junuary 4, 1868—ly
T HE subscribers offer to the citizens of Middle
town nnd surrounding country their thanks
for the very liberal patronage they have received
and embrace this medium in announcing to all
builders nnd contractors nnd those in want o
Lumber, that they are prepared to supply them
on tlie most liberal terms. We have reduced our
price, ns the market lias demanded, nnd we think
that they will compare with the city prices. Our
stock is very largo, embracing a full assortment
AND OAK FRAMING STUFF,
WHITE PINE BOARDS,
WHITE PINE DO.
WHITE PINE SIDING.
YELLOW PINE FLOORING,
SPRUCE AND CYPRESS SHINGLES
PLAIN AND FANCY PICKETING.
SASH, DOORS AND BLINDS.
SNAILS AND SPECIALITIES..^
CALCINE PLASTER, LIME & HAIR
HE WE S' PHOSPHATE.
PAINTS, OIL, TURPENTINE,
VARNISH, DRY JAPAN, GLASS.
J. B. FENIMORE & CO.,
On the Railroad, above the National Hotel.
TO THE FARMING COMMUNITY.
T HE subscriber respectfully calls the attention
of the Farmers of New Castle co. Del. and
Cecil and Kent counties,Md. to the following list
of standard Fertilizers, always kept on hand,
and furnished to order, at any station on thé
Delaware Railroad, or on Chesapeake and Dela
ware Waters.—Viz :
RHODES' SUPER PHOSPHATE
More Phillips' Super Phosphate,
Whann's Super Phosphate,
Cruasdale's Super Phosphate,
HEWE8' SUPER PHOSPHATE,
COE'S SUPER PHOSPHATE,
Berger and Butz' Super Phosphate.
BAUGH'S SUPER PHOSPHATE,
BAUGH'S CHICAGO BONE,
E, T. EVANS,
Opposite Depot, Middletown, Del.
. » cheap and convenient
W rapping Paper, for sale at this office.
W. M. KENNARD,
304 & 306
Having enlarged and improved
his Carpet Room and filled
it with a choice assort
WINDOW SHADES, MATTS, &C.
Is now prepared to offer as good
bargains as any house in
New York or Philadel
phia, his facilities
for buying being equal to any.
FINE INGRAIN CARPETS.
Medium Ingrain Carpets.
Hall and Stair
OLD AND NEW
All Widths White and Red
STAIR OIL CLOTHS.
WINDOW SHADES AND
MATTS, &C. &C.
W. M. KENNARD,
304 & 306 Market st.
Feb. 30, 1860— j.
ARE NOW COMPLETED,
A S G00 miles of the «estera portion of the
line, beginning at Sacramento, arcalaodone,
267 Miles Remain
To be finished, to open the Grand Through
Line to the Pacific. This Qpetytqg
will certainly take place early
Besides a donation from the Government of
12,000 acres of land per mile, the Company it
entitled to a subsidy in U. S. Bonds on its line as
completed and accepted, at the average rate c f
about $26,500 per mile, according to the difficul
•ountered, for w hich the Government takes
security. Whether subsidies are
given to any other companies or not, the Govcrfi
a second lieu
ply With all its contracts with the
Pacific Railroad Company. Nearly the
whole amount of bonds to which the Company
will be entitled have already bçcp delivered,
FIRST MORTGAGE BONDS
By Its charter, the Company ig permit
ted to issue it« own First Mortgage Bomln
to tho same amount as the Government
Ronds, and no more. These Ronds are a
First JJortgngo upon tho entire road and
all its equipments.
They have thirty years to run, at si«
per cent, and both
PRINCIPAL AND INTEREST
PAYABLE IR GOLD.
Such securities are
in proportion to the length of time they
have to run. The longest six per cent,
gold interest bonds of the U. S. (tho '8I's)
will he due in 12 years, and they aro worth
112. If they had 30 years to run, they
would stand at not less than 125. A per
fectly safe First Mortgage Bond like tho
Union Pacific should approach this rate.
Tho demand for European investment is
already considerable, and on the comple
tion of tho work will doubtless curry tb«
price to a large premium,
SECURITY OF THE BONDS.
It needs no argument to show that a
First Mortgage of $26,500 per mile upon
what for a long time must ho tho only
railroad connecting tho Atlantic aud Ra
cific Slates is perfectly secure. The en
tire amount of the mortgage will be about
#30,000,000, aud the interest $1,800,000
per annum in gold, The present currency
cost of this interest is less than $2,500,
000 per annum, while tho gross earnings
for the year 1868, from way business only,
on an average of less than 700 miles of
road in operation, were more than
FIVE MILLIONS DOLLARS,
The details of which are as follows :
" . 136,235.59
" Government troop...104,077.77
" " freight.. .449,440.33
" Contrrctors' men.201,179.09
This largo amount is only an indication
of tho immense traffic that must goi Qyef
the through line in a few mouths, when
the great tide of Pacific coast travel apd
trade will begin. Jt is estimated that this
business must mako tho earnings of the
FROM FIFTEEN TO TWENTY
Millions a Year.
As tho supply of these Bonds will
ecase, parties who desire to invest in them
will find it to their interest to do 00 at
Quoo. The price at present is par and ac
c.uod interest from Jan. 1, in currency.
A new Pamphlet and Map was iasued
October, l«t, containing a report of the
progress of the work to that date, and a
more complete statement in relation to tho
value of the bonds tliau can be given in aq
advertisement, which will be sent free
DE HAVEN & BRO.
Dealers in Govt. Securities, Gold, to,
40, SOUTH M ST,
Philadelphia, Pennsylvania, pf
Feb. 20, 1860— 3tnçj,
xml | txt