Litchfield enquirer., 1868-09-10
15O MILES
 OF THE UNION PACIFIC RAILROAD

HG A A AAWOAD Are now finished and in operation. Although this road is built with great rapidity the work is thoroughly done and is pronounced by the United States Commissioners to be first class in every respect, before it is accepted, and be- fore. any bonds can be issued upon it.
 Rapidity and excellence of construction have been secured by a 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 Line to the Pacyfc aciU De cona-
 pleted in 1869.
 The Company have ample means of which the Government grants the right of way, and all necessary tilnteI and other mat3rlai found along the lire of its operations; also IZ,oOO acres of land to the mile, taken in alternate sections on each side oi the roao; aiso united State Tbirty-Year Bonds, amounting to frem SIG O00 to S48, coo per mile according to the difficulties to be surnlounted on various sec tions to be built, for which it takes 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., Sc.
 The earnings of the Union Pacific Railroad from it's way or local business only, during the year ending June 30th, amounted to over,
 FOUR MILLION DOLLARS. which after paying allexpenses was 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, are for 5000 each, and have coupons attached They hear annual interest, payable on the 1st
 If January and July and at the Compa- ny 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 lib- eral 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 well known that a long bond always commands much higher price than short one. 1t is sae to assume that during the next thirty years the rate of interest in the United tates 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 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 prlvate 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, LllCHEIELD. i and in New York, Ar 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 publish ed 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 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