Litchfield enquirer., 1868-10-29

A limited amount of the First MoItgage Bonds of the Union Pacific Company are offer ed to the public as one of the safest and most profitable investments.
 l. They arc a first mortgage upon the long est and most important railroad i'll the country. 2. By Jaw they can be issued to the compa- ny only as the road is completed, so that they always represent a real value.
 8 Their amount is limited by act of Con- gress to Fifty Million Dollars on the entire Pa cific line, or an average of less than $3O,OOO per mile.
 A. Hon. E. D. Morgan, of the United States Senate, and Hon. Oakes Amcs, of the United States House of Representatives, arc the trus- tees for the Bondholders, to see that all their interests are protected.
 $. Five Government Directors appointed by the President of the United States, are respon- sible to the country for the management of it's affairs.
 6. Three United States Commissioners must certify that the road is we'll built and equipped and in all respects tirstcass railway, before any bonds can be issued upon it.
 7. The United States Government lends the company its own bonds to the same amount that the company issues, for which it takes a second mortgage as security.
 8. As additional aid, it makes an absolute donation of l2,8OO acres of land to the mile, lying upon each side of the road.
 3. The bonds pay six per cent. in gold, and the principal is also payable in gold.
 10. The earnings from the local or way bus mess were over Four Million Dollars last year which, after paying operating expenses, was much more than sufficient to pay the interest. These earnings will be vastly increased on the completion of the entire line ill 1869.
 l2. No political action can reduce the rate of interest It must remain for thirty years six per cent. per annum in gold, now equal to between eight and nine per cent. in currency. The principal is then payable in gold. If bond, with such guarantees were, lssu' by the Government, its market price would not be less than from 20 to 25 per cent. premium. As these bonds are issued under Government authority and supervision, upon what is very largely government work, they must ulti- mately approach Government prices. No oth- CT corporate bonds are made so secure,
 13. The issue will soon be exhausted. The sales have been sometim es half million day and nearly twenty millions have already been sold. About ten millions may be offered, It is not improbable that at some time not far dis tant,.. all the remainder of the bonds the company can issue will be taken by some com bination of capitalists and withdrawn from the market except at a large advance. The long time, the high gold interest, and the perfe security must make these bonds very valuable for export.
 All the predictions which the officers of this Company have ever made in relation to the progress and business success of their enter prise, or the value and advance in the prices of their securities, have been IT ore than confirm = ed, and they therefore suggest that parties who desire to invest in their bonds will find it to their advantage to do so at once.
 The price for the present is 102 and accrued interest at the rate of six per cent in currency from July lst, and subscriptions will be receiv- ed in Litchtield by
 H. R. Corr, CASHIER, FIRST NATIONAL BANK,
 Ll1CHFIELD.
 and in New York, AT THE CoMpANY's OFFICE, No 20 NASSAU Sr., :,
 and by
 JOHN J. Cisco & SON, BANKERS, No. 59 WALL ST. And by the Company's advertised Agents
 throughout the United States.
 Bonds sent free, btparties subscribing Mrough b. cal agents aosU look to them for their safe delivery.
 new pamphlet and map was issued Oct lst containing a report on the progress of the work to that date, and a more complete state ment in relation to the value of the bonds than can be given in an advertisement which will be sent free on application at the Companys offices or to any of the e'advertised agents. JOHN J. CISCO. Treasurer, N. Y. Oct. 9th, 1868. 19-3m