Litchfield enquirer., 1868-10-22
$50 MILES COMPLETED.

l A limited amount of the First Mortgage Bonds of the Union Pacific Company are offer l ed to the public as one of the safest and most profitable investments.
 I l. They are first mortgage upon the long
 est and most important railroad in the country.
 7. By law they can be issued to the compa.
 ny only as the road is completed, so that they always represent a real value. l & Their amount is limited by act of Con- gress to Fifty Million Dollars on the entire Pa citc line, or an average of less than $3OOOO 1 per mile.
 4. Hon. E. D. Morgan, of the United States Senate and Hon. Cakes Ames, of the United States House of Representatives. are the trus- tees for the Bondholders, to see that all their interests arc protected.
 1 D. rive Government Directors appointed by l the President of the United States are res,,on
 slble to the country for the management of ts
 affairs. U"
 6. Three United States Commissioners must l certliy that the road is well built and equipped
 and Tn all respects first class railway, before
 any bonds can be issued upon it. | 7 The United States Government lends the
 company it's own bonds to the same amount
 that the company issues, for which it takes a second mortgage as security. o. AS additional aid, it makes an absolute donation of 12,800 acres of land to the mile, l iylns upon each side of the road.
 J. The bonds pay six per cent. in gold, and the principal is also payable in gold. lO. The earnings from the local or way bus mess were over Four Million Dollars last year which, after paying operating expenses, was
 m. much more than sufficient to pay the interest
 These earnings will be vastly increased on thu
 completion of the entire line in 1869 l2. No political action can reduce the rate
 ol interest. It must remain for thirty years
 six per cent. per annum in gold, now equal to | hat ty.AA r1>t T
 Inc principal is then payable in gold. If a
 bond, with such guarantees, were, lssutd by | the Government it's market price would not 1 be less than from 20 to 9 per cent premium As these bonds are issued under Government
 authority and supervision, upon what is very largely d government work, they must nti-
 mately approach Government prices. No Oth- CT corporate bonds are made so secure, lo. The issue will soon be exhausted The sales have been sometimes half million a day and nearly twenty millions have already been sold. About ten millions may be offered, It IS not improbable that at some time not jar dis tant,, all the remainder of the bonds the company can issue will be taken by some com
 bnation of capitalists and withdrawn from the market except at a large advance. The iong
 time, the high gold interest and the perfect security must make these bonds very valuable fer export.
 All the predictions which the officers of this Company have ever made in relation to the progress and business success of their enter plisc, or the value and advance in the prices of their securities, have been II 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 1O2 and accrued l interest at the rate of six per cent in currency
 from July lst, and subsor, ftior,s will ho
 ed in Litchlield by
 II. H. Corr, CASHIER, FIRST NATIONAL BANK 1 Ll1CHFIELD. and in New York;
 AT THE COMPANY OFFICE, No. 20 NASSAU ST, l and by
 JOHN J. Cisco x SON, BANKERS, No. 59 WALL ST. | And by the Companys advertised Agents throughout the United States.
 Bonds sent free but parties Subscribing Mrough 1o-
 caL agents aciU look to Mem for deir sae deliOery.
 A new pamphlet and map was issued Oct 1st containing report on the progress of the
 work to that date, and 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 thcsadvertised agents JOHN J. CISCO, Treasurer, N. Y.
 Oct. 9th, 1868. 19-3m