Litchfield enquirer., 1868-10-15
$50 MILES COMPLETED.

A limited amount of the First Mortgage Bonds of the Union Pacific Company arc offer ed to the public as one of the safest and most profitable investments.
 l. They are q fist mortgage upon tae long est and most mportant lailroai in the country.
 ,. By law they can be issued to the compa ny only as the road is completed, so that they always represent a real vaiue. Their amount is limited by act of Con gress to Fifty Million Dollars on the entire Pa citic line, or an average of less than S3O 900 per mile.
 4. Hon. E. D. Morgan, of the United States Senate, and Hon. OakeS Amcs, Of the Uni ted States House of Representatives, are the trus tees for the Bondholders, to see that all their Interests are protected.
 6, Five Government Directors appointed by the President of the United States, are respon- sible to the country for the management of its affairs
 6. Three United States Commissioners must certify that the road is we'll built and equipped and in all respects first class railway, before any bonds can be issued upon it.
 z. 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.
 g. As additional aid, it makes an absolute donation of I2,80O acres of land to the mile, lylnS upon eaCn SlQe or the road.
 9. The bonds pay six per cent. in gold and the rlncipal is also payable in gold
 10. The earnings from the local or way bus mess were over Four Million Dollars last year which, after paying operating expenses, was much more than sufficient to pay the interest These earnings will be vastly increased on the completion of the entire line in 1869
 l2. No political action can reduce the rate ofinterest. It must remain for thirty years six per cent. Der annum in gold, now equal to between eight and nine per cent. in currency. The principal is then payable n gold. If a bond, with such guarantees, were, 1ssu by the Government, it's market price would not be less than from 20 to 25 per cent premium. As these bonds are issued under Government authority and supervision, upon what is very largely government work, they must ulti- mately approach Government prices. No otll- CT corporate bonds are made So secure.
 13. The issue will soon be exhausted The sales have been Sometim es half a million day and nearly twenty millions have already been sold. About ten millions may be offered, It is not improbable that at some time not lar dis, tant, all the remainder of the bonds the company can issue will be taken by some con- bination of capitalists and withdrawn iron, the market except at a large advance. The long time, the high gold interest, and the perfect security must make these bonds very valuable for export.
 All the predictions which tho officers of this Company have ever made in relation to the progress and business success of their enter prise, or the value and advance in the prices of their securities, have been IT 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.
 Subscriptions will be received in Litcb field by
 H. R. Corr, CASHIER FIRST NATIONAL BANK,
 Ll1CHFIELD.
 and in New York, AT THE CoMpANY's OFFICE, No. 20 NASSAU Sr
 and by
 JOHN J. Cisco & SON, BANKERS, No. 59 WALL ST. And by the Company's advertised Agen: s
 throughout the United States
 Bonds sent free, bm parties subscribng Mrough 1o- cal agents oiN Looh to them for Mer safe delipery.
 A new pamphlet and map was issued oct Ist 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 oent free on application at the Company's offices or to any of thesadvertised agents
 JOHN J. CISCO, Treasurer, N. Y.
 Oct. 9th, 1863. 19-3m