Litchfield enquirer., 1868-02-13
Tie Wcans Suficient to Build the Road.

l Contracts for the entire work of building 914 miles of first class railroad west from Omaha, com prisng much of the most difficult mountain work, and embracing every expense except surveying, have been made with responsible parties (who have
 already finished 540 miles) at the average rate of sixty-eght thousand and hfty-eight thousand (sG8. .058) per mile. This price includes all sary shops for construction and repairs of cars, de- pots, stations, and all other incidental buildings, and also locomotives, passenger, baggage and freight cars and other requisite rolling stock to an amount that shall not be less than S. coo per mile. Allowing the cost of the remaining eighty six miles of the eleven hundred assumed to be built by the Union Pacific company to be $90, 900 per mile,
 HE TOTAL COST OF ELEVEN HUNDRED MILES WILL BE AS FoLLOWs 914 miles at $68 058 .$62 2O5 ,012 l86 miles at S90 COJ OJ............... 15, TAO 000 Add discounts cn bonds surveys, &c... ,O0O
 Amount ....................... .ss3445, ,Ol2 l As the U S. Bonds equal to money and the 1 company own First Mortgage Bonds ready mar 1 ket, we have as the
 1 AVAILABLE CASH RESOURCES FOR BUILDING ELEVEN 1 HUNDRED MILES.
 First MortS@ge Bonds ,.'.....;..,'. 29,S2S,OOO Capital Stock paid in the work = Land Grant, i4 o8o, ,ooo acres at si5o per ''''' Total. ........................ .$8S, ,276, 900 1 The company have ample facilities for supplying 1 any deficiency that may arise in means for con structiOn. This may be done wholly or ill part by 1 additional subscriptions to capital stock. 1 EARNINGS OF THE COMPANY. 1 At present the profits of the company are deriy- ed only from it's local traffic, but this is already | much more than sufficient to pay the interest ot all the bonds the company issue; if not aRoth- CT mile were built It Is not doubted that when the road is completed the through traffic of the only line connecting the Atlantic and Pacific states will be large beyond precedent, and, there will be no | competition, it can always be done at profitable rates.
 1t will be noticed that the Union Pacific Railroad | is, in fact Government York; built under the su- peryision of Government officers and to large l tent with Government money, and that it's bonds are issued under Government direction. It is be-
 evcd that no similar security is so carefully guar dod, and certainly other is based upon Q larger 1 or more valuable property As the companys
 First Mortgage Bonds.
 are offered at present at 95 cents on the dollar, they the cheapest security in the market being more than 1G per cent. lower than U. s. stocks. | They pay
 SIX PER CENT. IN GOLD, l or over nine percent. upon the investment and l nave thirty years to run before maturity. | Subscriptions will be received in Ltchield, by
 H. k. Colt, Cashier, First National Bank Litchfeld | and in New York at the Company's Office, Mo- 20
 Nassau st., and by Continental National Bank No.
 7. Nassau st., Clarke Dodge & Co.,, Bankers, No. 51
 Wall st., John J. Cisco & son, Bankers No. 8 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. Rcnnittances should Do made in drafts 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 l for their safe delivery.
 A new pamphlet and map, showing the progress of the work, Resources for construction and value of bonds, may be obtained at the company's office or it's advertised agents or will be sent free on ap plication.
 JOHN. J. CISCO, Treasurer, N. Y.
 Jan. 8, 1868. 41-tf