Litchfield enquirer., 1868-01-09
D 2 5 MI | L.E II! ]l!l $
 s OFTHE a rod mla Union Pacific Railroad, Running West from Omaha ACROSS THE CONTINENT.
ARE NOW COMPLETED

This bring She line to the eastern base of I the Rocky Mountains, and it is expected that ! the track will be laid thirty miles further to Evans Pass, the highest point on the road, by January This maxim um grade from the foot ] ot the mountains to the summit is but eighty
 feet to the mile, while that of many eastern I roads is over one hundred. Work in the rock l cuttings on the western slops will continue l through the winter, and there is now no req son to doubt that the entire grand line to the Pacific will be open for business in lS7O The means provided for the construction of this Great National work are ample. The United States grants its Six Per Cent, Bonds at the rate of from SIG, ,O00. to s4S OO0 per mile for which it takes second lien as security, and receives payment to a large if not to the full extent of its claim in services These Bones are issued at each twenty mile section is finished, and after it has been examined by United States Commissioners and pronounced to be in all respects first-class road, thor oughly supplied withS depOts, repair shops, stations and all ne cessary rolling stock. and other equipments.
 The United States also makes a donation of l28OO acres of land to the mile which will be source oi large revenue to the company. Much of this land in the Platte Valley is among the most kfertile in the world, and other large portions are covered with heavy pine forests and abound in coal of the best quality. #F The company is also authorized to issue it's ! own First Mortgage Bonds to any amount equal to the issue of the Government and no moro Hon. E. D. Morgan and Hon. Oakes Ames are Trustees for the BondhOlders. and deliver the Bonds to the Company only as the work pro- gresses, so that they always represent an actu- al and productive value. .s.
 The authorized capital of the company is one hundred million dollars. of which over five millions have been paid in on the work all ready done.
 EARNINGS OF THE COMPANY.
 Al present, the profits of the company are derived only from it's local traffic, but this is already much more than sufficient to pay the interest on all the Bonds tho Company can is sue, if not another mile were built It is not doubted that when the road is 'completed the through traffic of the only line connecting the Atlantic and Pacific states will be large beyond precedent, and as there will be no competition it can always ke done at profitable rates.
 It will be noticed that the Union Pacific Railroad, is in fact Government Work, built un der the supervision of Government officers and o large extent with Government money and that its Bonds are issued under Govern ment direction. Iti believed that no similar security is so carefully guarded, and certainly no other is based upon larger or more valu- able property. As the Company's a
 First Mortgage Bonds. arc offered fol the present at 90 per cent on the dollar, they are the cheapest security in the market being more than Is per cent lower than U, s. Stocks They pay .'I
 SIX PER CENT. IN GOLD, or over nine Der cen t upon the investment.
 Subscriptions will be received in Litchfield, by H. R. Colt, Cashier, First National Bank Litchfeld and in New York at the Companys, 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 Companys advertised agents throughout the United States, of whom maps and descriptive pamphlets may be obtained on applica ton. Romittances should be made in drafts or other funds par in New York; and the bonds will be sent free of charge by return express, Parties subscribing through local agents, will look to them for their safe delivery. . -.i
 new pamphlet and map showing the progress of the york; Resources for construction, and value of bonds, may be obtained at the companys office or it's advertised agents, will be sent free on ap plication. a-
 .-~~ JOHN. J. CISCO, Treasurer, N. Y.
 Nov. g, 1867. r .- rt 32-2m