®hc JRiddletoum ©raiwtript
PUBLISHED EVERT SATURDAY,
BY HENRY V ANDERFORD»
Terms. —$2.00 per annum, payable in advi
Single copies five cents.
Advertising Rates. —One square of ten lines,
$1 for the first insertion und 25 cents for each
subsequent insertion. One square one year $10;
six months $6. For a quarter of a column three
4Months $8 ; six monhts $15 ; one year, with the
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iso. Fractions of a square to he counted as a
■square. AVhcn the number of insertions is not
marked, advertisements will be continued until
forbid, and charged accordingly. Obituaries
published at advertising rates; Marriages and
l)eaths inserted free. Yearly advertisers must
confine their advertisements to their own business.
pdf' All letters should bo addressed to The
Middletown Transcript, Middletown, Del.
ßsä" Office corner Main mid Scott streets.
Wilmington Presbytery met in Central
Church on Tuesday evening of last week
at 7J o'clock. Rev. John Crowell, retir
ing Moderator, preached an eloquent ser
mon from Lamentations 3, 39.
Sessions were continued through Wed
nesday and Thursday morning.
Rev. K. Webb, of Glasgow, was elec
ted Moderator, and Rev. R. A. Mallory,
of Milford, temporary Clerk.
ltev. L. Marks was received from tho
IJ. P. Presbytery of Philadelphia. Jt
call from Ilanover Street Church was
placed in his hands, aud by him accepted.
The following arrangements were made
for his installation Wednesday evening,
28th iust: Rev. E. Webb to preside and
Ï iut tho constitutional questions, Rev. Dr.
'atton to preach tho sermon, Rev. Mr.
Crowell to charge tho pastor, llcv. Mr.
Shaw to charge tho people.
Rev. D. J. Beale was received from
Huntingdon Presbytery, and signified his
acceptance of a call from tho church at
St. Georges. Tuesday evening, May 25th,
was fixed for his installation. Rev. L.
Marks to preach tho sermon, Rev. Mr.
Shaw to charge the people, Rev. J. Har
vey Beale of Philadelphia Fourth Pres
bytery to be invited to charge tho pastor.
Tho West Presbyterian Church of Wil
mington organized since the last meeting,
was placed on the roll of the Presbytery.
Two communications on the re-union of
the two branches of tho Church were read
and referred to a committee, who reported
as follows :
Resol red, That this Presbytery adheres
to its views heretofore expressed, and de
sire immediate re-union of the two bran
ches of the church on the basis of the
standards, pure and simple, leaving mi
nor points to he arranged by tho united
church after the union shall have beoti
Last years action was as follows :
Resolved, That while this Presbytery
expresses its preference for a re-union of
the Presbyterian Church in tho United
States, on tho simple basis of
mon standards of faith and practice, yet
it does hereby give its approbation of and
consent to a re-union
posed by the joint committee of 30
approved by the two general
meeting in May, 1808, respectively at
Altany, N. Y. and Harrisburg, Pa.
The Elkton Church asked that its re
quest for §1000 from (he Church Erec
tion be endorsed by the Presbytery which
was agreed to.
Rev. John Patton, I). D. of Middle
town, and Edward T. Taylor, Esq. of
Wilmington were elected Commissioners
to tho General Assembly, which meets in
New York, May 20th ; ltev-. C. D. Shaw,
and E. D. Cleaver, of Delaware City,
Rev. A. J. Snyder was received from
4th Presbytery of Philadelphia.
ltev. H. S. Huntington and Rev. W
II. Marsh, of Wilmington, Rev. Hun
tington Seymour, of Cortland Presbytery,
and Rev. G. M. Todd, Tioga Presbytery,
were invited to sit as corresponding mem
St. George's was chosen ns the place
for meeting on the Oil Tuesday of Sep
tember, at 7J P. M.
Wednesday afternoon and evening were
spent in Philadelphia attending the ex
ercises of tho Sunday School Institue at
The Presbytery adjourned at noon on
Thursday, after tho customary vote of
thanks to tho congregation for their hos
pitality, and also to the railway officials
for their kindness and courtesy.
Four negroes went to rob a smoke house
in a Virginia village the other night. The
door was locked, but two of them pried up
the house on one side while the others
crept in. Just then the owner of tho prop
erty came out, the two outside negroes
settled down, squeezing one of the inside
fellows to dcatli across tho middle and cag
ing the other.
their levers and ran, and the house
npilE PHIFER "SKELETON" WHEEL GANG
J- PLOW AND CULTIVATOR, for Corn, Cot
ton a#d PotAtoes, for tho season of 1869, is
j&tructed under an entirely new patent, (June 16,
1868.) The four cast iron hangers of the former
patents are substituted by a single wrought iron
shaft. The draught is directly from the beams of
the plows, and consequently no neck drought on
the horses. It is much more simple and efficient
than our previous manufacture.
The "PHIFER PLOW " was awarded—
The Gold Medal at the Utica International Plow
Trial, September, 1867.
The Silver Medal, (highest aw
fyiand institute, October, 1867.
• The First Premium at tlj.o Mechanics' and Ag
ricultural Association, New Orleans, La. after
the gßveeeet tests and .most determined oppo*
sition, January, 1868.
pSt' For agencies and single machines, address
the Manufacturers and Proprietors.
vard) at the Ma
A. L. BREARLY k CO.
Eureka Agricultural Work»,
Office No. 117 Perry st. Trenton, N. J.
WILMIN G TON,PE L.
I J* lVfST ERont ST,VULM'NjaJ|
|L. Wharves, PH'jJfff
■b S " CHflRLES street,
A Great Crop Producer and Thorough
Renovator of worn out lands.
For Sale by
E. T. EVANS,
Middletown , Del. Feb. 28, 1808.
Mnsnu. Walton-, Wiiann & Co.—Gentlemen: I
used Whunn's Raw Bone Super-Phosphate on my
corn last spring, und on my wheat in the fall.
In each wise it produced an excellent crop.
Wishing to determine which of the different phos
phates would pny me liest, I tried several, and
glad to say the yield was much the best
•here I used Whann's.
I shall continue to use
it, und cheerfully recommend it to my neighbors.
A. T. STOOPS.
Mitldhtoivn, Del. March II, 18G8.
Mbssiis. Waltox, Wiias.n & Co.— Gentlemen : I
have been using Whnnn'a Phosphate for some
time past alongside of the popular fertilizers, and
have come to the conclusion it i
other. I am going to use te
good us any
tons this spring.
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
profit of the jobber and intend giving the adv
tage to our lili
Our slock c
oid I he second
ts of Merinoes, blk. col'd Al
pacas, Wool Poplins, Wool de. Laines. Good
Skirts, .SlutwIs and Hoods. Ladies Vests, Gents
Knit Shirt® and Dr;
Bleach'd ami Bio. Musli
While aud Col'd Bianl
HATS AND CAPS, DEI G GETS,
CARPET AND OIL CLOTHS,
Painted Window Shades,
GLOVES, HOSIERIES, AND
fait, anything kept in a first class country
We call particular attention to cur fine stock of
Over-Coatings, Cloths & Cassimeres,
which wo make a Speciality.
.Misses, and Children'® Shoes, Gents sewed and
pegged, double upper and sole, Calf Boots, Men's
heavy, winter Bools & .Slices, that we have made
of the best
the Manufacturers, Ladies'
atcrial ; and guarantee satisfaction.
MACKBUE' , SHAD, AND IIE1ÎKI.VG
THOMPSONS' GLOW FITTING CORSETS
GENTS ARCTIC OVERSHOES,
MENS BUCK G A UNTI.ETTS,
A Stock of Dried Fruit Consisting of
LA l'ER RAISINS,
NEW DRIED CURRANTS,
N F IF DRIED CITRON,
extra article of
Liberal discount for cash, and show Good® with
G. W. W. NAUDAIN.
FARMERS who use artificial fertilizers, and
DEALERS who supply them, are desirous of
procuring a thoroughly reliable, Eirst Cluss Ar
To such we extend a cordial invitation to visit
our works and WITNESS THE PROCESS OF
WHANN'S EAW BONE
Our aim is to excel iu the quality of our fertil
izer, and as we have NO SECRETS i
, we would be glad for CONSUMERS TO
î for themselves what a thor
VISIT US And
oughly reliable article wc make.
WALTOS, WIIANN & Co.
Philadelphia, March 10th, 1869.
W E beg leave to inform you that we are pre
pared to offer for your inspection, our usu
al assortment of
Consisting of the Newest »Shapes in Straw, SMk
and Gimp Huts, Bonnets, kc. Velvets, Silk
Goods, Ribbons, Flowers, Feathers, Ruches,
Crapes, Blonds, Braids, Ornaments, kc. kc. Wc
shall be happy to wait
ceive your order.
Nos. 103, 105 a 107 N.
you at our store or re
1'rices low for Cash.
HARRISON, GOODRICH, ROSE 4 PEACH
For sale by
E. T. EVANS.
ON SALE AT
JNGRAM & GIBSON'S
By the Bushel or Barrel.
SPRING OK 18G9.
JOIIX A. REYAOI.WS & SON,
WHOLESALE AND RETAIL DEALERS,
- MIDDLETOWN, DEL.
A RE prepared to supply the Buying Public
. from an unusually Large und Attractive
Assortment of NEW GOODS, complete in the
the following Departments.
FOREIGN AND DOMESTIC DRY GOODS,
Colored and Pluck Cloths and Cassitncres,
LADIES COLORED AND
BLACK CLOAKING CLOTHS,
HOSIERY, GLOVES, NOTIONS,
WHITE GOODS, LINENS AND TRIMMINGS,
Latest Style Colored and Black Ilats k Caps,
Rubber Overcoats, Umbrellas k Parasols,
Ladies', Misses' and Childrens'
Men und Boys' heavy Boots and Brogans,
' Shades aud Fixtures, Carpets,
White & Check Mattings,
Willow and Wooden Ware, Cordage k Co.
Chinn, Glass, Quecusware, und Stone Wure,
Hardware, Cutlery, Tin & Earthenware,
Drugs, Paints, Oils, Glass and Paint Brushes,
Oil Cloth, Wind
GROCERIES, SPICES, PICKLES,
CANNED FRUITS, JELLIES AND SAUCES,
TOBACCO , SNUFF ,J- CIGARS,
Highly Perfumed and Washing Soaps & Candles,
Fi«h, Salt, Flour, Provisions, kc.
Drecrs and Shakers Vegetable
Star Mills Seamless Grain Bags,
Which we arc constantly receiving in new and
fresh lots, and offer for sale at the lowest market
rate® on the most reasonable terms.
d Garden Seeds.
Rhodes Super Phosphate
THE STANDARD MANURE.
POTTS & KLETT,
Camden, New Jersey.
The attention of Farmers is especially called to
RHODES SUPER I'lIOSI'lllTE
As the most valuable ami reliable manure for
wheat an.l grass, as well as for other crops, as
attested by an experience of fifteen years.
This long established and standard manure is
prepared expressly for Drilling and particular
rare is taken to maintain tho high reputation it
- prepared to furnish the Rhodes Super
Phosphate in bids, or hi bags of 200 lbs. asmuy
sale by dealers, and by
YARNALL & TRIMBLE,
■118 South Wharves, 419 Penn Street,
INDIGO BLUEING BAG,
THE MOST ECONOMICAL,
CLEANLY & COMPLETE ARTICLE ever USED
By thrifty Housekeepers and Laundresses.
I ^ACH Bag is provided with
-J can be put sufely away ug
PRICE 20 Cts—HALF .SIZE 10 Cts.
This blue contains no ncid, and will not injure
the finest fabrics. One twenty cent bug will out
•e vials of Liquid Blue, besides
softer color and avoiding the danger und
annoyance of broken and uncorked Bottles.
Patented Dec. 24, 1867, and for sale by
Plymouth Color Co. C. T. Rav.nolds k Co.
106 A 108 Fulton Street, N. Y.
Inquire for it at any Respectable Grocery.
Box so that il
last eight two
DR. J. J. VANDERF0RD
Graduate of tlie Pennsylvania College of
H AVING located ill Middletown, Del.
respectfully announce® to the public^SBED
that he is prepared to perform all operations per
t lining to the practice of
ARTIFICIAL TEETH Mounted on Dental Vul
canite, a material superior to meuils in its adapt
ability and durability.
Persons having badly adjusted gold plates can
have them exchanged for the Vulcanite.
Great care will be given to Children's Teeth;
irregularties corrected, and deciduous teeth pre
•ved until the permanent ones make their
^•ö**A superior Dentifrice constantly on hand
Office on the corner of »Scott and Main streets,
formerly occupied bv D. L. Dunning.
April 10, 1869—ly
IN IHIUDLETOWI, DEL.
lVortli East Corner of Lake and Broad Streets.
rpiHS undersigned wishes U> inform his friends
A and the public at larcc, that he has
nicnccd the Baking Business in
nients, and will keep constantly ou hand,
all its depart
Bread, Cakes, Crackers, Pies, Candy,
And will supply Weddings, and Parties, with all
sorts of Cakes at short notice.
lie has engaged a first class Baker to attend to
lie will also continue the Painting Business in
all its Branches. FRANCIS TARONI.
March 6, 1869—tf
THOMAS MASSEY, JR.
CLOCK AND WATCH MAKER,
Main Street, nearly opposite Walker's Hotel,
C LOCKS, Watches, Jewelry, &c. neatly 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
Rings, Finger-Rings, Sleeve Buttons, Watch
Chains, Watch Keys, Key Rings, Steel Watch
J. STEWART DEPUY,
253 SOUTH SECOND ST. ABOVE SPHUCE,
N OW offers an unusual assortment of CAR
PETS, OIL CLOmS, WINDOW SHADES,
MATTINGS, Ac. kc. at very reduced prices, to his
friends and the public.
April 3, 1869—3moa
J. LANK, Auctioneer, has removed to
Newcastle, Del. Those desiring his ser
vices as Auctioneer, will pleaso address him at
that place, and their orders will meet with
April 3. 1869— tf
BOOK, STATIONERY, AND
CHOOL BOOKS and Miscellaneous Works,
Bibles, Prayer Books and Hymn Books,
Blank Books, in various styles and binding;
Tuck, Memorandum und Pass Books.
Writing, Letter, and Note Papor,
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 Monaics, Segar
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.
Sleeve Buttons, Studs, Breast Pins, Finger Rings,
Combs, Brushes, Null and Tooth Brushes,
Gum Bunds, Watch Keys, Key Rings,
and Puff Boxes.
A Cue assortment of Colgate & Co's. Soap.
PIIALON'S NIGHT BLOOMING CEKECS,
Wright's and Taylor's Superior Extracts,
Pomades, Ilair 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, and To
Lamps, Lamp Chimneys, Wicks and Coal Oil.
NEWSPAPERS AND MAGAZINES.
New York Ledger, Harper's Weekly, Bazaar and
Magazine, Frank Leslie, Chimney Corner,
Meekly, Girls and Boys Weekly,
Gleason's Literary Companion, kc.'
Godey's Peterson's, Atlantic, Arthur's, Gal
axy and Mm'e Demorcst's Magazines.
D. L. DUNNING,
No. 2 Town Hall.
J. M. COX & BRO.
MANUFACTURE ALL KINDS OF
ALL WORK FROM THIS ESTABLISHMENT
TO GIVE ENTIRE SATISFACTION.
Repairing prompt! x ij attended to,
Cecil Democrat, and Whig. News and Tran
script, C'hestertown, Smyrna Times, and Ccutre
villc Observer copy 6 mouths and send bill and
paper to advertiser. "
A SAFE BLOOD PURIFIER,
A PLEASANT BEVERAGE,
A SPLENDID TOXIC.
A CURTAIN tlltli
Preventive of Diseases.
up HE ZINGARI BITTERS
from a prescription of the celebrated Egyp
tian physician, Dr. Chcopsus, who, after years
of trial and experiment, discovered the Zinyarini
Herb, the most remarkable vegetable production
tho 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 ,
Typhoid and Typhus Fever, Yel
low Fever, Scrofula, Diseases of the
Kidneys, Habitual Costiveness, Ac. Ac.
In the prevention and cure of the above discus
es, it has never been known to fail, as thousands
of our most prominent citizens 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
luive been pronounced hopeless by our best
Principal Depot, F. RAIITER k CO.
No. 6 N. Front St. Philadelphia.
Ex-Gov. David R. Porter, of Pennsylvania,
Hon. Robert J. Fisher, "
Hon. Edward McPherson, "
Hon. Joel B. Danner, "
Hon. Wm. McSherry, "
FWScnd for Circulars.
AMERICAN & SWISS WATCHES.
N. E. DICKSON,
No. 35} SOUTH EIGHTH »STREET,
attention to his fine selected stock of
WATCHES AND JEWELRY,
Of the latest Styles and the best Factory make.
Sterling Silver Spoons, Forks, and Butter Knives,
which will be soldat a very small advance.
ßSf Particular attention paid to repairing
Fine Watches and Jewelry.
LOOK AT THIS !
M R. JAMES 11. COLLINS U prepared to
ufacture Boots and Shoes at the following
pricesCalf Skin Boots, $9.00—Coarse Shoe®,
$3.50—Fine Shoes, $5.50-*-Walking Shoes $4.50,
and hj® place of business can be found at the
Corner of Broad and Lake street®, near the Acad
The Metropolitan Gift Company.
Cash Gifts to the amount of $250,000.
Every Ticket draws a Prize.
1 AIVE cash gifts, each $10.000 : 10 cash gifts,
each $5,000 ; 20 cash gifts, each $1,000 ; 40
cash gifts, each $500 ; 200 cash gifts, each $100 ;
200 cash gifts, each §50 ; 50 elegant Rosewood
Pianos, $300 to $750 ; 75 elegant Melodeons,
each $75 to $100; 350 ' ewing Machines, each
$60 to $175; 500 Cold Watches, each $75 to
$300; Cash Prize, Silver Ware, etc. all valued
A chance to draw any of the above Prizes for
25 cents. Tickets describing prizes are seuled in
envelopes and well mixed. On receipt of 25 cts.
a scaled ticket Î3 drawn without choice and sent
by mail to any address. The prize named upon
it will be delivered to the ticket holder on pay
ment of$l. Prizes are immediately sent to any
address l»y express or return mail.
You will know what your prise is before you
pay for it. Any prize exchanged for another of
same value. No Blanks. Our patrons can depend
on fuir dealing.
References. —We select the following from
y who have lately drawn Valuable Prizes
and kindly permitted us to publish them: S. T.
Wilkins, Buffalo, $5,000; Miss Annie Monroe,
Chicago, Piano, $650 ; 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.
Opinions of the Press :—" The firm is reliable,
and deserve their success."— Weekly Tribune , Oct.
8. •* We know them to be a fair dealing firm."
— N. T. Herald, Oct. 53. A friend of ours drew
a $500 prize, which was promptly received."—
Daily News, Decembers.
Send for circular. Liberal inducements to
agents. Satisfaction guaranteed. Every pack
age of sealed envelopes contains one cash gift.
Six Tickets 1$ ; 13 for $2; 35 for 5$; 110 for
$15. All letters should be address to
HARPER, WILSON k CO.
173 Broadway, N. Y
MIDDLETOWN STOVE HOUSE.
S. W. ROBERTS,
T AKES pleasure in announcing to his friends
of Middletown and surrounding country,
that the liberal patronge he 1ms 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 Middletown,
and at prices that cannot fail to please. Among
the assortment are the following
and others made in the city.
UNION AIR TIGHT,
Also, SEXTON'S PARLOR HEATERS.
GAS BURNING BASE,
»Stoves of all kinds suitable for Stoics, Offices,
Bar-rooms, and »School Houses.
Also, the Morning Glory and the Oriental, both
unsurpassed in beauty and efficiency. They can
be seen in operation at the store of the proprietor.
All sizes of Bar-room Stoves and Ten-plate
Stoves repaired at abort notice.
Old Stoves taken in exchange.
Jfcs^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, January 4, 1868—ly
T HE subscribers offer to the citizens of Middle
town and surrounding country their thanks
for the very liberal patronage they
and embrace this medium in announcing to all
builders nud contractors and those in want o
Lumber, that they are prepared to supply them
on the most liberal terms. Wc have reduced our
price, as the market has demanded, and wo think
that they will compare with the city prices. Our
stock is very large, 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.
SASII, DOORS AND BLINDS.
its*NAILS AND SPECIALITIES, jtdt
CALCINE PLASTER, LIME & HAIR
PAINTS, OIL, TURPENTINE,
VARNISH, DRY JAPAN, GLASb.
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 eo. 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
Delaware Railroad, or on Chesapeake and Dela
ware Waters.—Viz :
RHODES' SUPER PHOSPHATE
Moro Phillips' Super Phosphate,
Whann's Super Phosphate,
Croasdale'f* Super Pliogphate,
HEAVES' 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.
July 18— tf
O LD NEWSPAPERS, a cheap end convenient
Wrapping Paper, for »ale at tbit office.
W. M. KENNARD,
304 <fc 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 Bed
All Widths Floor
STAIR OIL CLOTHS.
WINDOW SHADES AND
MATTS, &C. &C.
W. M. KENNARD,
304 Sc 306 Market at.
Feb. Î0, 1889—y.
are now completed.
4 S 500 miles of the western portion of tk»
line, beginning at Sacramento, areeleodone,
267 Miles Remain
To be finished, to open the Grand Through
Line to the Pacific. This Opening .
will certainly take place early
Besides a donation from th® Government cf
12,000 acre® of land per mile, the Company 1®
entitled to a subsidy in U. S. Bonds on its line a®
completed and accepted, at the average rat® of
about $26,500 per mile, according to the difficul
ties encountered, for wl^chthe Government take®
a second lien a® security. Whether subsidies am
given to any other companies or not, the Govern
ment will comply with all its contracts with th*
Union Pacific Ruilroad Company. Nearly the
whole amount of bond® to which the Com^iivy
will be entitled have already been delivered.
FIRST MORTGAGE BONDS
By its charter, the Company is permit
1 to issue its owu First Mortgage Bond*
to the same amount as the Governweat
Bonds, and no more. These Bonds are a
First Mortgage upon the entire road and
all its equipments.
They have thirty years to run, at sis
per cent, and both
PRINCIPAL AND INTEREST
PAYABLE IN GOLD.
Such securities arc generally valuabl»
in proportion to the length of time they
have to run. The longest six per cent,
gold interest bonds of tlio U. S. (tho '81'»)
will be due in 12 years, and they arc 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 the
Union 1'acific should approach this rate.
The demand for European investment Is
already oonsideruhlc, and on the comple
tion of the work will doubtless carry the
prioe to a large premium.
SECURITY OF TIIE RONDS.
It needs no argument to show that »
First Mortgage of $2(1,500 per mile upon
what for a long time must bo the only
railroad connecting the Atlantic and Pa
cific States is perfectly secure,
tire amount of the mortgage will be about
$30,000,000, and the interest $1,800,000
per annum iu gold. The present currency
cost of this interest is less than $2,500,
000 per annum, while the 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 detail® of which are as follows :
" Government troops...104,077.77
" " freight...449.440.33
** Contrrctors' men.201,179.09
" " material.968,430.82
This large amount is only an indication
of the immense traffic that must go over
the through line in a fow months, when
the great tide of Pacific coast travel and
trade will begin. It is estimated that this
business must make the earnings of the
FROM FIFTEEN TO TWENTY
Millions a Year.
As the supply of theso Bonds will soon
cease, parties who desire to invest in them
will find it to their interest to do so at
BONDS BOUGHT AND SOLD,
A new Pamphlet and Map was issued
October, 1st, containing a report of the
progress of the work to that date, and a
more complete statement in relation to the
value of the bonds than can be given in an
advertisement, which will be sent freo
DE HAVEN & BRO,
Dealen in Qovt. Securities, Gold, fee,
H*. 4», SOUTH M ST,
Fib. 20, I809*-3mo«.
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