Litchfield enquirer., 1868-11-12

| limited amount of the First Mortgage Bonds of the Union Pacific Company are offer ed to the public as one of the safest and mos profitable invest ments.
 l. They a1e first mortgage upon the long est and most important railroad in the country Z. By law they can be issued to the compa ny only as the road is completed, so that they always represent a real value.
 Their amount is limited by act of Con. gress to Fifty Million Dollars on the entire Pa. cihc line, or an average of less than S3OOOC per mile.
 4. Hon. E. D. Morgan, of the United States Senate, and Hon. Cakes Amcs, of the Uni teC States House of Representatives are the trus tees for the Bondholders, to see that all tbei, interests arc protected.
 Five Government Directors appointed D, the President of the United States, are resbon slble to the country for the management of il, affairs.
 $. Three United States Commissioners mus certify that the road is we'll built and eouippec and in all respects first cass railway. before any bonds can be issued upon it. z. The United States Government lends the company its own bonds to the same amount that the company issues, for which it takes a second mortgage as security.
 6 As additional aid, it makes an absolute donation of l2,8O0 acres of land to the mile. iyluS upon eaCn SlGe or the road.
 5. The bonds pay six per cent. in gold, and the principal IS also payable in gold. 10. The earnings from the local or way bus mess were over Four Million Dollars last year which, after paying operating expenses, was much more than sufficient to pay the interest These earnings will be vastly increased on tn completion of the entire line in 1869
 F. No political action can reduce the rate Of interest. It must remain for thirty years six per cent. per annum in gold now equal to between eight and nine per cent. in currency The DrineiP"l is tnen payable in gold. If a bond, with such guarantees, were, lssu, d by The Government, its market price would not be less than from 20 to 9 Der cent, premiuro AS these bonds are issued under Governmen, authority and supervision, upon what is very largely government work, they must ulti- mately approach Government prices. No oth- CT corporate bonds are made so secure.
 l3 The issue will soon be exhausted The sales have been sometim es half million a day and nearly twenty millions have already been sold. About ten millions may be offered. It is not improbable that at some time not lar dis. tant, all the remainder of the bonds the company can issue will be taken by some con,- bination of capitalists and withdrawn iron, the market except at a large advance. The long time, the high gold interest, and the nerfect security must make these bonds very yaluahIa for export.
 All the predictions which the officers of tbis Company have ever made in relation to ths progress and business success of their ent,r- prise, or the value and advance in the nr;ces o. their securities, have been ore than Confirm o' ed. and they therefore suggest that parties wLo desire to invest in their bonds will find # to their advantage to do so at once " The prlce for the present is 1O2 and accrued interest at the rate of six per cent in currency from July lst, and subscriptions will he receiy- ed in Litchfield by 'o h. h. Corr, CASHIER, FIRST NATIONAL BANK,
 Ll1caF1ELD.
 and in New York, AT THE CoMpANY's OFFICE, No. 20 NASSAU ST., JOHN J. Cisco & SoN, BANKERS, No. 59 WALL ST. And by the Company's advertised Agents
 throughout the United States.
 Bonds sent free, but parties subscribing through lo- cal agents scI look to ten for ther safe deIsvery
 A new pamphlet and map was issued Oct Ist containing report on the progress of the work to that date, and more complete state ment in relation to the value of the bonds than can be given in an advertisement which will be sent free on application at the Company's offices or to any of the advertised agents.
 JOHN J. CISCO. Treasurer. NY.
 oc'' otn' lcoo. 19-3m