Litchfield enquirer., 1867-11-21
2.--First Mortgage Bonds.

 1 times this interest.
 2.--First Mortgage Bonds. By its charter the Company is permitted to issue it's own First Mortgage 6onds to tue me amonnt as the bonds issued by the government and no more, and only as the road progresses. The trustees for the bondholders are the Hen. E. D. Morgan, U. S. Senator from New YOk. and the Hon. Oakes Ames. Member of U. s, 1 House of Represent atives who are responsible | for the delivery of these bolGs to the Company l in strict accordance with the terms of the law 3.--The Land G. ant.
 The Union Pacific Railroad Company has ! land grant or absolute donation from the gov ernment of F 8ti0 acres to the mile on the line oi the road, which will not be worth less than l 51 50 per acre at the lowest valuation. 4.--The Capital Stock. 1 The authorized capital of the Union Pacific Railroad Company is $l0O, coo. .O0O, of which over $5 100000 have been paid on the work ! already done. -
 THE MEANS SUTFIUIENT TO BUILD THE RCAp. Contracts for the entire work of building 9l4 miles of first class railroad west from Om | aha comprising much of the most difficult | mountain work, and embracing every expense | except surveying. have been made with respon sible parties [who have already finished over 500 miles,l at tue average rate of sixty eight thousand and fifty-eight dollars (68O58) per mile. This price includes all necessary shops for construction and repairs of cars, depots. stations and all other incidental buildings. and also locomotives, passenger, baggage and freight cars, and other requisite rolling stock, to an amount that shall not be less than $5 900 per mile. Allowing the cost Of thesremaining one hundred add eighty six ot the eleven hundred miles assumed to be built by the Pacific Gem pany to be s9o,0 per mile.
 THE TOTAL Cosr OF ELEVEN HUNDRED MILES or. ,,;,o WI wIII oIa BE AS FOLLOWS; ee, oo. o,o Sl4 miles, at S6o O58 .......,.... $62, 2O5 .0l2 l86 miles, at $90.O00. ............ 16,740 ,OOO Add discounts on bonds, ,sugveys.&c. 4,500, ,00o AAouut. ........... .Voo,4io,Vlo As the U. 5. Bonds are equal to money, and the company's own First Mortgage Bonds have ready market. we have as the
 AVAILABLE CASH RESOURCES FOR BUILDING ELEVEN HUNDRED MILES:
 Capital stock paid in on the work now
 Land Grant, IA, 4,oso,Ooo acres at sl, ,5oper Total s5,145, ,75o The company have ample facilities for supplying any deficiency that may arise in means for con ! struction. This may be done wholly or in part by additional subscriptions to capital stock. Active inquiry has already been made for a DOT tion of these lands and arrangements are now pro- posed to offer part of them for sale. While their whole value will not be available for some years to come: they will remain very important source of revenue to the company. The lands of the Illinois Central Railroad Co.,, selling at from s6 to sl2 per acre, and other land-grant companies in the ties.
 FUTURE BUSINESS, The most skeptical have never expressed doubt that when the Union Pacific Railroad is finished the immense business that must flow over it, as the on- ly railroad connecting the two grand divisions of the North American continent, will be one of the wonders of railway transportation, and as it will have no competitor it can always charge renumer- atlve rates.
 EARNINGS FROM WAY BUSINESS.
 During the quarter ending July 31, an average of 325 miles of the Union Pacific Railroad was in op- eration. The supermtendent's Report shows the following result.
 EARNINGS
 Passengers, Freights, Telegraph and
 Transporting of Contractors Materials
 Total, ,,,..,.......... .s1 ,2oa, ,oss s5 l EXPENSES
 Fuel, Repairs Offices, Conductors, Trains ~ 0c.: ..................... S395, 530 92 Net Earnings to balance. .......... s07, ,5O8 0s
 Total. es
 The net operating expenses on the commercial l business for the quarter were $237 966 5O The account for the commercial business stands as fol- ! LOWS:
 Earnings for May, June and July: .s72s, ,7e5A 1 Expenses '' .... 237 955 50
 m Net Profit: :............... s4s5, ,7s9 o4 1 The amount of Bonds the Company can issue on S25 miles, at SIG 900 per me is s5 200 000 Inter- i est in gold, three months. at 6 per cent on this sum, is s78, 900: add 40 per cent premium to cor- respond with currency earnings, is SOD 2O0--show- ing that the net earnings for this quarter were Mortgage Bonds on this length of road.
 First Mortgage Bonds.
 whose prlnciba! is so amply provided for, and whose interest is 80 thoroughly secured must be ciassed among the safest investments. They pay SIX PER CENT. IN GOLD.
 and are offered for the present at ninety cents on the doiar and accrued interest at six per cent iii
 Many parties are taking advantage of the pres- enS high price of Government stocks to exchange l for these Bonds, which are over fifteen per cent. cheaper, and at the current rate of premium on OVER NINE TER CENT. INTEREST
 Subscriptions will be received in Litchfeld. bz H. R. Colt, Cashier, First National Bank Litchfield and in New York at the Company's Office, No. sO Nassau st., and by Continental National Bank No i ?. Nassau st., Clarke Dodge Co.,, Bankers, Mo- 51 Wall st., John J. Cisco < son, Bankers, No. 3S Wall st., and by the Company's advertised agents | throughout the United States, of whom maps and descriptive pamphlets may be obtained on applica- tion. Remttances should be made in drafts O, other funds par in New York, and the bonds will be l TdEIN 1raTn M v