Litchfield enquirer., 1868-04-30
THE UNION PACIFIC Railroad Company i OFFER A LIMITED AMOUNT OF THEIR First Mortgage Bonds
 AT PAR,
 PRINCIPAL AND INTEREST PAYABLE IN GOLD.

PAYABLE IN GOLD.
 The Great Pacific Railroad Line. extending l721 miles from Omaha, on the Missouri riv. CT, to the tide waters of the Pacific Ocean, Is being built by two powerful companies--The Onion Pacific being at Omaha, building west, aad the Central Pacific of California, begin ming at Saramento, building east, until the two roads shall meet.
 Both companies have prosecuted the work with great vigor, ths Union Pacific having ex. penned over
 THIRTY MILLION DOLLARS, and the Central over twenty million, upon their respective parts of the undertaking The Union Pacific have com pleted $50 miles-have iron and other materials for POO miles more upon the ground, and loo additional miles are ready for the track. They will have Q much larger force employed this year than ever be- fore, and it is expected that between
 800 and 900 miles will be in operation during 1868. There seems to be no doubt that the Distance between Om. aha end Sacramento will be traversed by rail in 1870.
 The Government Grants l2, 800 acres of land and it's bonds to the average amount of &2S- 900 per mile. to aid in the constr uction of the line. and authorizes the issue of the First Mortgage Bonds now offered for sale, to the Same amount aud no more The Government takes 8 second lien, and gives to the First Mortgage Bondholders prior lien for their ee- curity, 10 which large paid-up capital is ad- ded. The bonds cannot be issued except as each section of 20 miles is accepted by gov ernment commisSien 50 that they always rep resent real property.
 It is universally admitted that on the com pietion ot the Union Pacific Railroad, its through business will make it one o the most profitable in the world-but its way or local business is already several times the interest on it's bonds; so that, if not another mile were built, they would be secure investment.
 The net earnings for eight months of last year on an average of S86 miles are officially reported at 5 ,O69 .l36 while the interest o1 all the Bonds it could issue on that length of road for that time, reduced to currency. was only S34o, 1856.
 The amount paid by the Government for the transportation of troops, munitions. stores and malls has been. Lnu dou 'ties3 will continue to oe. much more than the interest on the Unit cd States Sec ,nd Mortgage 6onds If 1t Is not he charter provides that atter the road i |. Com pleted, and until said b )nds aud interest are paid at least five Der cent of the net earnings Jf the road shall bc applied to such psyment
 The Union Pacific Bonds are for s tUOJ each and have coupons attached. They have thirty years to run, and bear annual Interest paya- 5le on the nrst dsys of January anI July at the Company's Off -e in the city u New York, at the rate of six Der cent. in gold The rrin- cipai is payable in s old ut maturity, At the present Tate of gold these bonds pay an annu- al income on their cost of
 NEARLY NINE PER CENT. AND IT IS BELIEVED THAT THEY WILL SOON BE AT
 PREMIUM.
 The company have but very limited supply of their bonds remaining on hand, but any subscriptions to greater amount than can be filled from bonds now in the companys posses- sion, will be supplied from the new bonds to be issued on that portion of the road complet- ed in the spring. in the order in which they are received
 The Company reserve the right to advance the price ot their bonds to rate above par at any time, and will not fill any orders or re- celye any subscriptions on which the money has not been actually paid at the company's office before the time of such advance.
 Parties subscribing will remit the par valve of the bonds and the accrued interest in cur rency at the rate of six DOT cent. per annum. from the date on which the last coupon was paid.
 Subscriptions will be received in Litchfield bv Il. R. Coit, Cashier, First National Bank Litchfied gnu Ill NeW 1ofA at the COmpanys Office No. 20 Nassau st. John J. Cisco S son Bankers No 59 Wall st., and by the Company's advertised agents throughout the United States, of whom maps and descriptive pamphlets may be obtained on applica- tion. Remittances 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 ~''- !. pamphlet and map for 1868 has just been pub- lshed by the company giving fuller information than Is posslDie Ill an advertisement, respecting the progress of the work, the resources of the s3fnntry trayerFed @ M by the road the for con. be sent free on application to the companys offices or to any of the advertised agents.
 JOHN. J. CISCO, Treasurer, N. Y.
 Apr. 4o, 1o6o. 2-tf