Litchfield enquirer., 1868-01-16
B 2 8 M HE 6
OF1HE
Union Pacific Railroad,
 Running West from Omaha ACROSS THE CONTINENT,
ARE NOW COMPLETED.

:, This bring She line to the eastern base of the Rocky Mountains, and it is expected that the track will be laid thirty miles further to Evans Pass, the highest point on the road. by January. This maxim um grade from the foot of the mountains to the summit is but eighty feet to the mile, while that of many eastern roads is over one hundred. Work in the rock cuttings on the western slope will continue through the winter, and there is now no req son to doubt that the entire grand line to the Pacific will be open for business in 1870.
 The means provided for the construction of this Great National work are ample. The United States grants it's Six Per Cent. Bonds at the rate of from $l6 ,00O to s4S, 900 per mile tor which It takes second lien as security, and receives payment to a large if not to the full extent of it's claim in services. These Bones are issued at each twenty mile section is finished, and after it has been examined by United States Commissioners and pronounced to be Tn all respects frst-class road, thor oughly supplied withs depots, repair shops, stations and all necessary rolling stock and other equipments
 The United States also makes donation of l2,8O0 acres of land to the mile which will be asouFce ot large revenue to the company. Much of this land in the Platte Valley is among the most sfertile in the world, and other large portions are covered with heavy pine forests and abound in coal of the best quality.
 The company is also authorized to issue its own First Mortgage Bonds to any amount equal 10 the issue of the Government and no more Hon. E. D. Morgan and Hon. Oakes Ames are Trustees for the BOndholders. and deliver the Bonds to the Company only as the work pro- gresses, so that they always represent an actu- al and productive value.
 The authorize capital of the company is one hundred million dollars. of which over five millions have been paid in on the work al- ready done.
 EARNINGS OF THE COMPANY.
 At present, the profits of the company are derived only from it's local traffic, but this is already much more than sufficient to pay the interest on all the Bonds tho Company can is- sue, Ii not another mile were built It is not doubted that when the road is completed the through traffic of the only line connecting tho Atlantic and Pacific states will be large beyond precedent. and as there will be no competition 1t can always Ike done at profitable rates.
 It will be noticed that the Union Pacific Railroad is in fact a Government Work, built un der the supervision of Government officers and o large extent with Government money and that it's Bonds are issued under Govern ment direction It is believed that no similar security IS so carefully guarded, and certainly no other is based upon a larger or more valu- able property. As the Compauy's
 First Mortgage Bonds. are offered fol the present at 90 per cent on the dollar, they are the cheapest security in the market being more than Is per cent lower than U. s. Stocks. They pay
 SIX PER CENT. IN GOLD, or over nine Der cen upon the investment.
 Subscriptions will be received in Litchfeld, by H. R. 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 JA Cisco < son, Bankers, No. B 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. Remittances should be made in drafts or 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 for their safe delivery.
 A new pamphlet and map showing the progress of the york; Resources for construction, and value of bonds, may be obtained at the company's office or it's advertised agents, will be sent free on ap- plicaton.
 Nov. 23, 1867 32-2m