Litchfield enquirer., 1868-08-20

|5O MILES UNION PACIFIC
 RAILROAD Are now finished and in operation. Although this road is built with great rapidity he 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 GODS truction have been secured by complete division of labor, and by distributing the twenty thousand men employed along tine line for long distances at once 1t is now probable that the Whole Line 10 the Pacifc aciW De cona-
 pleted in 1869.
 The Company have ample means of which the Government grants the right of way. and all necessary timber and other material fo und along the line of its operations; also F, goo acres of land to the mile, taken in alternate sections on each side of the road also United States TbirtyYear Bonds, amounting to from S16 000 to $48, GOO per mile, according to the difficulties to be surmounted on Var ous 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 o! the Union Pacific Rail road from its way or local business only, during the year ending June 3Oth, amounted to over,
 FOUR MILLION DOLLARS. which after paying allexpensesjwas 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 neally 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 July and at the COmpa- ny's office in the city of New York; at the rate ofsix per cent in gold. The price is IO2, and at the present rate of gold they pay lib- elal income on their cost.
 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 a short one. It is safe to assume that during 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 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 Litchfield by
 H. R. Corr, CASHIER. FIRST NATIONAL BANK,
 LllCHFIELD.
 and in New 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
 Remttances should be made in drafts or or other funds par in New York and the bonds will be sent free of charge by return exIress, Parties subscribing through lacai agents will look to them for their safe delivery.
 A Pamphlet and map for 86S has just been publish ed by the Company, giving fuller in formation than is possible in an advertise ment respecting tine 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 apLIca- tion at the Company's offices or to any of the advertised agents.
 JOHN J. CISCO. Treasurer, N. Y.
 August 18th, 1868. l9-3m