Litchfield enquirer., 1868-09-17
150 MILES
 OF THE UNION PACIFIC R RAILRO

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 ofcopstruction have and by distributing the twenty thousand men 1 employed along the line for long distances at once. It is now probable that the
 Whole Lime to the Pacifc auN 6e 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 found along the line of it's operations; also 12 800 acres of land to the mile, taken in alternate sections on each side of the road; also United States Thirty-Year Bonds, amounting to frem S16 900 to $48, ,OO0 per mile, according to the difficulties to be surmounted on various 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, Sc.
 The earnings of the Union Pacific Railroad from its way or local business only, during the year ending June 3Oth, amounted to over
 FOUR MILLION DOLLARS. which after paying allexpenses'was 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 nearly 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 1st 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 tho present rate of gold they pay lib- e1al 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 dur!ng the next thirty years the rate of interest in the United States will decline as it has done in Europe, and we have a 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 the reach of potSccaaf action fhev nre hev"nd The Company believe that their Bonds, at the present rate, arc the cheapest security in market, and the right to advance the price at any time is reserved. Subscriptions will be received in Litchfeld by
 H. R. Corr, CASHIER, FIRST NATIONAL BANK,
 Ll1CHFIELD.
 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.
 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 lacal agents will look to them for their safe delivery
 A Pamphlet and map for 869 has just becn publish ed by the Company, giving fuller in formation 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 sent free on applica- tion at the Company's offices or to any of the advertised agents.
 JOHN J. CISCO. Treasurer, N. Y. August 12th 1868. 19-3m