Litchfield enquirer., 1868-12-31
FIRST MORTGAGE BONDS.
 .a FAR.

FIRST MORTGAGE BONDS .aT~P.sR.
 F sxalee Aags---------t s----- f.lsGSi NINE HUNDRED AND SIXTY MILES Of the line West from Omaha are now compile ted. and the work is going on through tho Winter. As the distance between the finished portion of the Union and Central Pacific Rail- roads is now less than 400 miles. and both com panies are pushing forward the work with great energy,f employing over 5000 men, there can De no doubt that the whole
 Gyaad Ldne to Ast Facyfc
 WILL BE OPEN FOR BUSINESS IN THE
 as SUMMER OF 1869.
 The regular Government Commissioners nave pronodnced the Union Pacific Railroad to be First Glass in every respect and the Special Commission appointed by the President says:
 Taken as a whole, the Union Pacific Rail- road has been we'll constructed. and the gener- al route for the line exceedingly we'll selected The energy and perseverance with which the work has been urged forward, and the rapidity with which it has been executed are without parallel Tn niStofys anu HI gftauueuf ana mag nitude of undertaking it has never been equal led" The report states that any deficiencies that exist are only are only those incident to all new roads, and that could not have been avoided without materially retarding the pro- gress of the great work. Such deficienc es are supplied by all railroad companies after the completion of the line, when and wherever ex- perience shows them to be necessary The re- polt concludes by saying that ''the country : 4 work of national importance is so rapidly ap- proachirg c. mplesion under such favorable auspices The Company now have in use 137 locomotives and nearly 20O0 ears of all de- scriptions. A large additional equipment is ordered to be readyin the spring The gra- ding is noarly completed. and ties distributed for l2O miles in advance of the western end of the track Fully f20 miles of iron for new track are now delivered west of the Missouri civer and 90 miles more are en route. Ihesto tai expenditure for construction purposes in advance of the completed portion of the road is not less than S8, 900, ,000.
 Besides donation from the Govt of l2,8o0 acres of lalid per mile, the Company is entitled tn Subsidy in U. 5. Bonds on its line as com pleted and accepted, at the average rate of $29, ,000 per mile, according to the difficulties encountered for which the government takes a second loan as security. The Company have already received S22, s.0Oo of this subsidy, of which sI, ,2SO. 900 was paid Dec. 9th, and $548. 900 Dec. l4th. l+ tE T 4
 GouernmentA Aid- Security of tue Bonds. By it's charter the Company is permitted to is sue it's own First Mortgage Bonds to the sa me amount as the Government Bonds, and no more These Bonds are a First Mortgage upon Aho ssiols read-s ell -itS sfaaipments Sueh mortgage upon what. flora long time, will be the only road connecting the Atlantic and Pacific States. takes the highest rank asa safe security. The earnings from the wayor local business for the year ending June 30, 1869, ou an average of 472 miles, were over Four Mil. lions of Dollars. which. after paying expenses was much more than sufficient to cover all in- telest liability upon that distance, anu the earnings for the last five months have been S2- 386 .810. They would have been greater, if he road had not been taxed to, it's utmost capacity to transport it's own materials Tor construction The income fronath great pass nger travel, the China freights, and the supplies for the new Rocky Mountain States and Territories must be ample for all interest and etherliabiI- ities. ]. No political action. can reduce the rate ofinterest.i Ii must rumain for thirty yeais--sixs per cent per annum in gold, now equal.to between eight and nine per cent. in currency The principal isi then payable in gold If a bond with such guarantees were is- sued by;s the government, its market price would not be less than fromq2O to 9 per cent. uremihan qa As these bonds are issued under Goverume authority and supervision upon what is very iargeiy | Government work they must ultimately appfoach government prices. No other corporate Bonds ars made so secure. The price for the present is par. and accfued interest at 6 per cent from Jnly1,,a 1868, in
 supecriptions vlll be reoeivsdip Litchfeld byt = = .si H. R. Corr, cAsMsR, F4Rsr NATIONAL BANK,
 LilcHFIELD. fefnsy
 .. f. and in New, York, , Hk
 Ar THE, ,GoMpAsY's OFFICE, No.s2O NAssAu Sr.,
 .'s and by |; .5ss s,i lss1Y1
 JOHN J. Cisco & Sos, BANKERS, No. 69 WALL. ST. And by the Company S advertised Agents
 throughout the United States. ,'sa
 Bonds sent free, busparties subscribing hrosgh Ic eal agents srl sook se sem for she1 sae daicery A new pamphlet and map was issued Oct 1si containing report on the progress of the work to that date. and . more complete state ment in relation to the value of the bonds thar can be given in an Advertisement which will be s,ut free on implication Ias. the, Company offices or to any of the advertised agents. The Coupons of the First Mortgage Bonds ol the Union Pacific Railroad Company, due Jan lst, 1869 wilt paid on and affer this date ! in gold coin free of government tax, at tht COmpany's Ofice,No % Nassau St., New York. tsa ssssJ JOHN !. CISCO. Treasurer, N. lY. Dec. 10th. le68.ah ,silio .ais.tsl. i sS1 Sn --.l---a .--- = -- Y z U = ---- Is. ssa ast4tSsxt.e q sEg s15 atts . 1889. gsv ARIES. lS69, COMPLETE ASSORTMENT. ss''a
 1 '.l5lS ss's.ss ,.s ssss AT LOW PRICES
 's's For the Holidays !