Litchfield enquirer., 1868-09-24
800 MILES
 OF THE UNION PACIFIC RAILROAD

Are now finished and in operation. Although thIs- road is built with great rapidity the work IS thoroughly done. and lis pronounced by tht United Sates Commissioners to be first class in every respect, before it is accepted, and be fore any bonds can be issued upon it. Rapld!ty and excellence ofcopstruction have been secured by complete division of labor and by distributing the twenty thousand men employed along tine line for long distances at once. It is now probable that the
 Whole Lime to the Pacific aciU De com pteted in 1869.
 The Company have ample means of which the Government grants the right of way, and 1 all nece ssary timber and other material found along the line ot its operations; also F, 800 acres of land to the mile, taken in alternate sections on each side of the road; also United States Thirty-Year Bonds, amounting to frem sl6 900 to $48 ,O0e per mile, according to the difficulties to be surmounted on various sec tions to be built, for which it takes a second mortgage as security and it is expected that not only the interest, but the principal amount may be paid in services rendered by the Company in transporting troops, mails. &c., &c
 The earnings oi the Union Pacific Railroad from its way or local business only. during the year ending June S0th, amounted to over.
 FOUR MILLION DOLLARS. which after paying allexpenses was mnch more than sufficient to pay the interest upon it's bonds. These earn ngs are no indication of the vast through traffic that must follow the opening of the line to the Pacific, but they certainty prove that
 FIRST MORTGAGE BONDS. upon sucn a property, costing nearly three times their amount
 ARE ENTIRELY SECURE.
 The Union Pacific Bonds run thirty years, are for 5000 each, and have coupons attached They bear annual interest, payable on the lst days of January and Jul. and at the Compa- ny's office in the city of New York, at the rate ot six per cent in gold. The price is lO2, and at the present rate of gold they pay a lb- elal income on their cost.
 very important consideration in detcrmin- ing the value of these Bonds is the length of time they have to run.
 It is we'll known that long bond always commands much higher price than short one. It is safe to assume that dur!ng the next thirty years the rate of interest in the United States will decline as it has done in Europe, and we have right to expect that such six per cent securities as these will be held at as high a premium as those of this Government, which, in 1857, were bought in at from 20 to 23 per cent. above par. The export demand alone may produce this result, and as the is. sue of a private 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 right to advance the price at any time is reserved Subscriptions will be received in Litchfeld by
 H. R. Corr, CASHIER. FIRST NATIONAL BANK,
 Ll1CHFIELD.
 and in Now York, AT THE CoMpANY's OFFICE, No. 20 NASSAU ST.,
 and by
 JOHN J. Cisco & SON, BANKERS, No. 59 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 lacal agents will look to them for their safe delivery.
 A Pamphlet and map for 1868 has just been published by the Company, giving fuller in formation than is possible in an advertisement respecting the progress of the work, the Re- sources of the country traversed by the road, the means for Construction and the value of the Bonds, which will be sent free on applica- tion at the Company's. offices or to any of the advertised agents.
 JOHN J. CISCO. Treasurer, NY.
 August 18th, 1868. 19-3m