Litchfield enquirer., 1868-09-03
150 MILES
 OF THE UNION PACIFIC RAILROAD

] Are now finished and in operation. Although l this road is built with great rapidity the work l 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. Rapldlty and excellence ofcoDstruction have been secured by a complete division of Ia bo1 and by distributing the twenty thousand men employed along tine line for long distances at once. 1t is now probable that the
 Who7e Line to he Pacifc aciW De com
 22leted in 1869.
 The Company have ample means Of which 1 the Government grants the right of way, and | all necessary timber ard other material found along the iEe of its operations: also l2, 800 acres of land to the mile, taken in alternate sections each side of he road; also United States Thirty-Year Bonds, amounting to flem l Sl6OG0 tn $48, coo per mile, according to the difficulties to be surmOunted on various sec l tions to be built for which it takes a second 1 mortgage as security, and 1t 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 oi the Union Pacific Railroad from its way or local business only, during the year ending June 30tb, amounted to over,
 FOUR MILLION DOLLARS. which after paying alIcxpensesiwas mnch more than sufficient 10 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 certainty prove that
 FIRST MORTGAGE BONDS. upon suc:i 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- nys 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- el al 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 we'll known that 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 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 private 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 Ltchfield by
 H. R. Corr, CASHIER. FIRST NATIONAL BANK,
 L11CHFIELD.
 and in New York, AT THE CoMPANY's 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 lacai agents will look to them for their safe delivery.
 A Pamphlet and map for S6S has just been publish ed by the Company, giving fuller in form ation 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 oent free on applica- tion at the Company's offices or to any of the advertised agents.
 JOHN J. CISCO. Treasurer, \. Y.
 August 12th, 1868. 19-3m