Litchfield enquirer., 1868-10-08
800 MILES
 OF THE uN ION PACIFIC RAILROAD

Are now finished and in operation. Al h)ugi 1 this road is built with great rapidity the work is thoroughly done. and tis pronounced by tn, United Sates Commissioners to be first cias. in every respect. before 1t Is accepted, and be fore any bonds can be issued upon it. 1 Rapidity and axc Hence ofconstructiun have been secured by 8 complete division of lab,,, and by distributing the twenty thousand men employed along the line for long distances al 1 once. It Is HOW probable that the 1 Whole Line 10 the Pacyfc aciH De com pleted in 1869. The Company have ample means of which the Government grants the right of way, and along the line of its operaks1ns; also l2 800 acres of land to the mile taken in alternat, sections on each side ot the road; also United States Thirty-Year Bonds, amounting to f,em $16 OG0 tn S4S, 900 per mile. according to the difficulties to be surmounted various zee tions to Dc built, for which 1t takes u sccon,i mortgage as security, and it is expected that amount may be paid in services rendered by tho Company in transporting troops, mails, &c, &c.
 The earnings Of the Union Pacific Railroad from its way or local business only, during the year ending June 30th, amounted to over,
 FOUR MILLION DOLLARS. which after paying allexpcnsestwas mnch more than sufficient to pay the interest upon it's bonds. These earnings are no indication of the vast through traffic that must follow the opening of the line to the Pacific, but they certainly prove that
 FIRST MORTGAGE BONDS. upon SUCH property. costing nearly three times their amount,
 ARE ENTIRELY SECURE.
 The Union Pacific Bonds run thirty years, arc 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 of six per cent. in gold. The price is lO2, and at the present rate of gold they pay a lib- lal income on their cost.
 A very important consideration in determin- Ing the value of these Bonds is the length of time they have to run.
 It Is we'll known that a 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
  high 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 private corporation, they are beyond the roach of political action.
 The Company believe that their Bonds, at the present rate, arc the cheapest security in market, and the right to advance the price at any timo is reserved. Subscriptions will be received ill Iitchfield by
 H. k. Corr, CASHIER. FIRST NATIONAL BANK,
 Ll1CHFIELp.
 and in New York, AT TuB CoMpANY's OFFICE, No 20 NASSAU ST.,
 and by
 JOHN J. Cisco & SoS, BANKERS, No 69 WALL ST. And by tho 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 sont free of charge by return express, Parties subscribing through lacal agents will look to them for their safe delivery.
 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 Tor Construction and the value of the Bonds, which will be .,nt free applica- tion at the Company's offices or to any of the advertised agents.
 JOHN J. CISCO, Treasurer, NY.
 August 18th. 1868. l9-3m