Litchfield enquirer., 1867-12-05
2.--First Mortgage Bonds.

J times this interest.
 2.--First Mortgage Bonds.
 By it's charter the Company is permitted o issue it's own First Mortgage 5onds rn che me amount ,s the bonds ssueu by tbe governlneut amt no mUre, aud only ,lS the rubi pI.gIesses The trustees fo' the boudh dtr, are lie II. ii E. D. Morgan, U. S. Senator froti New ln.k and the Hon. Oakes A:ne>. Me Der U1 U. = House of Representative Whu are ItspruSi t for the delivery nt these bones to tile uilp .n, in strict accordance with the terms oI the aw
 3.--The Lama G ant.
 The Union Pacific Railroad Company has q land grant or abs 'ute aontion iron Jne $ ,v- ernment of l2 S''O acres to .ne mile on the line oi the road, which will not be worth less than Sl 50 per acre at the lowest valutti 'n.
 4.--Tne Capital stock.
 The aathoriz:d capital of the Unlon Pacific Railroad Company is $lU0. coo 000 of which over s .O0O OpO have been paid un the work alI eady d ne.
 THE MEANS SUFFICIENT To BUILD THE RCAc. Contracts for the entire work of building 9l4 miles Uf first Class railroad west from Un aha comprising mucu uf the most difficult mountain work, and embracing every expense except surveying. have been made with resp h. slble parties who have already finished ovcr
 
 thousand and tiity-eight dollars (68O58) per mile. This price includes all necessary shops for construction a,,d repairs Ot cars, u pots stations and all other incidental buildings. d d also locomotives, passenger baggage and freight cars, and other requisite rolling stock; to an amount that shall not be less than 5 900 Der mile. Allowing the cost Of the srenaining ont hundred add eighty SIX 0! the eleven hundred miles assumed to be built by the Pacific Gem p,ny to oe s9u, Quo per mile.
 THE TOTAL Cosr OF ELEVEN HUNDRED MILES
 WILL Ba As FOLLOWS: 9l4 miles, at S6o Oj3 ..... $62 205. .Ol2 lS6 miles, a SJO.OOO. O............. l6,74O, ,0OO Add discounts on bonds ,su. veys, ,&c. 4,50O %,
 ANOuilC. '9oc4 tO,Vio AS the T. >. Bns equal to m ney, and the company's own Fist Mortgage Bonds have q ready market, ~c have as the AVAILABLE CASH RESOURCES FOR BUILDING ELEVEN
 HUNDRED MILES:
 U. D. bOQQS. S29. u First Mortgage Bonds. ds................. 29,329 eco Capital stock paid in on the work now
 uOne 5,S6S 70O Land Grant, II, ,O80,LO1 acres at s1, ,5oper
 @cio' '''''''..'...... ...'.....''..' Zl,lzo,ooo
 Total. ............. S35, l45, 75O The company have ample facilities for supplying any deficiency that may arise in means for con This may be done wholly or i'll part by additional subscriptions to capital stock.
 Active inquiry has already been made for DOT tl 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 $6 to SIP per acre, and other land-grant companies in the West are receiving equal prices for similar proper ties.
 FUTURE BUSINESS,
 The most skeptical have never expressed doubt that when the Union Pacific Railroad is finished the lnnlen e business that must flow over it. as the on- railroad connecting the two grand divisions of T. \ 'r.l American continent, will be one of the Folders of railway transportation, and as it will i've no competitor it can always charge renumer- ,tive rates.
 EAn\INGs FROM WAY BUSINESS. During the quarter ending July 31, an average of 325 miles of the Union Pacific Railroad was in op- eration. The superlntendent's Report shows the following result.
 EARNINGS.
 Passengers ; Freishts' Telegraph and .7., 7s< s.
 Malla. .....,................ $7ZZ, 705 54 Transporting of Contractors Materials
 ana Aen. ..........'............ 4'e,2S3 fl
 Total. ........................ .Sl ,2O3, ,038 95
 ExPENsE5.
 Fuel Repairs Offices, Conductors Trains .oo- -oo ~, ,,.. <. sS922S0 S 2oo 95 95
 Total. Sl.O} 0}8 a5 The net operating expenses on the commercial business for the quarter We're s237, ,966 50. The Iows:
 Earnings for May, June and July. .s72e, ,7s5A Expenses '' 237, ,955 50
 N.t pros4 eaos 7oo o1 The amount of Bonds the Company can issue on 325 miles, at Si6 900 per mile is s5 fO0 OOO Inter- est in gold, three months. at per cent. on this sum, is SIS, 900: add 40 per cent, prem to cor ing that the net earnings for this quarter were more than four times the interest on the First Mortgage Bonds on thls length of road.
 First Mortgage Bonds. whose principal is so amply provided for, and whose interest is so thorou ghly secured. mist ba elassed among the safest investments They pay
 SIX PER CENT IN GOLD. and are offered for the present at ninety cents on the dollar and accrued interest at six per cent in Many parties are taking advantage of the nres. ens nigh price of Government stocks to exchange for these Bonds, which are over fifteen per cent. cneaper, and at the current rate of premium on OVER NINE TER CENT. INTEREST onoscr!ptlons Will DC received in Litchfeld, by h. h. Colt, Cashier, First National Bank Litchfield and a. Tn New York at the Conpany's Office, No. 20 Nassau st., and by Continental National Bank No. !. Nassau st., Clarke Dodge & Co.,, Bankers, No. 51 Wall st., John J Cisco & son. Bankers, No. B 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. Remittances should be trade in drafts or other funds par in N.w York, and the bonds will be sent free of charge by return express.
 JOHN. J. CISCO, Treasurer, N. I. 0st 2S, 1867. s2-2m