Litchfield enquirer., 1868-10-01

JUN HUN PAClf IC
 RAILROAD Are now finished and in operation Although this road is built with great rapidity the work is thoroughly done. and sis pronounced by the United Satcs Commissioners to be first class m every respect, before it is accepted and be- fore any bonds can be issued upon it.
 Rapidity and sxcvllence ofcopstruction have been secured by complete division of labor :, and by distributing the twenty thousand men employed along the line for long distances at once. It is now probable that the
 Whole Line to the Pocifc aciN De com
 pleted ia 1869.
 Tho Company have ample means of which the Government grants the right of way, and all necessary timber and other material found along the line of its operations; also 12 800 acres of land to the mile, taken in alternate sections on each side of the road; also United States ThirtyYear Bonds, amounting to frem 1000 to $48, ,00o per mile, according to the difficulties to be surmounted on varions sec tions to be built. for which 1t takes second mortgage as security, and it is expected that not only the interest, but the principal amount may be paid in services rendered by tn the Company in transporting troops mails,
 The earnings ol the Union Pacific Railroad from It's way or local business only during the year ending June 30th, amounted to over,
 FOUR MILLION DOLLARS. which after paying allexpenses; was mnch more than sufficient to pay the interest upon its l, r the vast through traffic that must follow the opening of the line to the Pacific, but they certainly prove that
 FIRST MORTGAGE BONDS. upon such property. costing nearly three times their amount,
 . ARE ENTIRELY SECURE.
 The Union Pacific Bonds run thirty years, are for 5000 eaoh, and have coupons attached days of January and July and at the CDmpa- ny's office in the city of New York, at the rate of six per cent. in gold, The price is 1O2, and st the present rate of gold they pay lib- CT al income on their cost.
 Avery important consideration in determin- ing tho value of these Bonds is the length of time they have to run.
 It is we'll known that a long bond always commands much higher prieeea eatttfng tin, the next It is safe tR Rq.ts of interest in inc limited ssppates will decltno as 1t has done in Eurole, and ys have light to expect that such six per cent securities as these will be held at as high q premium ss those of this Government, which, in 1857, were bought in Ut from 20 ~te alone nay produce this result, a,aa as the is sue of g prlvate corporation, they are beyond the reach of political action.
 The Company believe that their Bonds, at the present rate, are the cheapest security In market, and the righS to advance the price at any time fs reserved Subscriptions will be received in Litchfeld by
 H. R. Corr, CASHIER F.Hsr NATIONAL BANK,
 LlqoHFIELD. =
 and in New York, Ar THE CoNPAsx's OFFICE, No. 20 NASSAU ST.,
 and by
 JOHN J. Cisco < SON, BANKERS, No 69 WALL ST. And by the Company's advertised Agents
 throughout the United States.
 Remittances should be made in drafts or or other funds par in New York and the bonds will be sent free of charge by return express Parties subscribing through }acal agents will look to them for their safe delivery.
 A Pamphlet and map for 1868 has just been published by inc Company, giving fuller in formation than is possible in an advertisement l respecting the progress of the work, the Re- sources of the country trayersed by the road the means tor Construction and the value of the Bonds, which will be s,nt free on applica- tion at the Gompanys offices or to any of the advertised agents. '}-
 JOHN J. CISCO, Treasurer, N. Y.
 August 18th, la6S l9-3m