Litchfield enquirer., 1868-12-24
WILL BE OPEN FOR BUSINESS IN THE
 SUMMER OF 1869.

WILL BE OPEN FOR BUSINESS IN THE SUMMER OF l8G9
 The regular Government Commissioners nave {; prunn.lnced the Union Pacific Railr al to be l First Class in every respect and the Special Commission appointed uy the President says: | ''Taken as whole, the Union Pacific liai-
 road has been we'll constructed. and the s, ner- I al route for the line exceedingly we'll selected l The energy and perseverance, with which the
 W, rA has been urged forYard, and the rapility
 with which it has been executed arc without ! parallel ig history, and in grandeur and mag i nitule of undertaking it has meyer been cqual' He'd" The report states t!lat an. deficiencies | that exist are only are only those incident to all now roads, aud that could not have been avoided wi .h ,ut materially retarding the pro- vress of the great work. Sach defcenc es are supplied by all railroad companies after the completion of the line when and wherever ex- perience shows then. to bc necessary. The re- pot concludes by saying that "the country has reason to congratulate itself that this great work of pationgl importance is So rapidly ap proachil c. mpleti0a under such faYorahic auspices..' Th. Company now have in use I 137 locomotives and nearly 2000 cars of all de- scriptions large additional equipment is ordered to be ready ill the spring The gra- ding is noarly completed, and ties distributed for I20 miles in advance of the western end of the track Fully 20 miles of iron fer new track are now delivered west of tue Miss 3uli
 iiyer and 90 miles more are eH route. The to
 tai expenditure for con astfuction purpos's in advance of the completed portion ot tho road
 is not less than $S. UOo, 900.
 | D.s.les a donation from the Govt. of l2,810
 acres of land per mile, the Company is entitled l tn a Subsidy in U. S. i;1nds on its line a com l al nt ha rotn of $29, ,O00 per milo, according to the difficulties ] encountered, for which the guYcrnn,ent takes second loan as security. Tue Company have already received s2a, 3.00J of this subsidy,
 of which $1, ,280, 900 wss paid Dec 9th, and
 $f48. 600 Dec. 14th. ..t.-5...
 Government Am-S Security eftAe Bonds.
 By its charter the Company Is permitted to is
 sue it's own First Mortgage Bonds to the same a,p ount as the Government Bonds, and no more These Bonds are a First Mortgage upon the whole road and all its equipments: Such | a mortgage upon what for q long time, will f be tho only road connecting the Atlantic and Pacific States, takes the highest rank as safe security. The earnings from the way or local
 business for the year ending June 30, 1869, on Ian average of 472 miles, were over Four Nil. flions of Dollars, which, after paying expenses was much more than sufficient to cover all in teiest liability upon that distance. and the | arnings for the last five months have been $2
 38G, ,87O. They would have been greater, it he
 road had not been taxed to Its utmost capacity
 to transport its own materials for construction
 The income from the great pass nger travel.
 new Rocky Mountain States and Territories
 must bo ample for all interest and other liabiI- ities No political actionss can reduce the rate of intereat. Il must rumaip for thirty years-six per cent per annum in gold, now
 caual:to between eight and nine per cont in currency. The principal is then payable in
 gold. fla bond with such guarantees were is
 sued by the seyesDment its market price would not be less tkan from 3Q to 25 per cent. ! premium. As these bonds are issued under Goyernmcn nt authority and supervision upon
 what is very largely a Government work, they must ultimately approach government prices l No other corporate Bonds ar0 made s0 secure.
 The prlco fer the present. is par. and aecruet
 interest at 6 per cent from July l. lo6s, in
 currency. A2 aEt@H
 Subscriptions will be received in Litchieid
 by
 II. R. Corr, CASHIER. FIRST NATIONAL BANK. l .s,su5oss Li1cuFIELs. 3fn &8e | and in New York, f4F.s
 Ar rus CoxrAsy's OFFICE, No 20 NASSAU ST., | t'>E- and by
 JOHN J. C,sao & SON, BANKERS, No. b9 WALL Sr
 And by the Company's advertised Agent throughout the United States.
 Bonds sent free bud parties subscribing through %
 cal agents ,ci look to them for their safe detirery i, A new pamphlet and map was issued Oct Is : containing report on tho progress of tn f work to that date. and a more complete state t ment in relation to the value of the bonds tha ,- can be giverf in an advertisement which vii d be e,nt free on application at the Company ]. offices or to any of the advertised agents.
 The Coupons of the First Mortgage Bonds (
 tho Union Pacific Railroad Company, duo Jal
 lst, 1869 will be paid on and after this date
 ,E fax ot