Litchfield enquirer., 1868-04-23
800 and 900 miles

.git be in operation during l8sS There seem to be no doubt that the D stance bsGween Om- aha end Sacramento will bs traversed by rail in 1870.
 The Government Grants I2 800 acres of laGd and it's bonds to the average Amount of $!S 900 per mla to aid in the con.tru :tipn uf th line, and authorz 5 the issue of the Firs Mortgage Boud' Iw off;red for sale, To t.. same am punt .d no he ,i"v.rnmenI uke, second el. and gives to the Firr M :. tg tye BJndh ,ld ITS u p'ir lien for theif se curity, 10 which trge paid-uD tapltAi is ad- ded. The bonds cannot be issued except as each section of 20 miles is accepted by gov ernmen5 com nlssion, so that 1Iey al ways rep resent q real property.
 It is universally admitted that on the com pletion ot the Union Pacific Railroad, it's through business will make it one oi the m ,st profitable in the world-but it's way or local business Is already several times thu interest on it's bonds: 80 that, if not another mile were built, they would be secure investment.
 The net earnings for eight months of last year on an average of 386 miles are off icially reported at 3 9.l36, while the interest ol all the Bonds it could issue on that length of road for that time, reduced to currency, was only %345,S ,S56.
 The amount paid by the Government for the transportation of troops, munitions. stores and mails has been. .Ind doubtless will continue to be. much more than the interest on the Unit edSrates Second Mortgage Bonds If it is not the charter provides that after the road i , com pleted. and until said bonds and interest are paid at least five per cent of the net earnings of the road shall be applied to such payment
 The Union Pacific Bonds are for $lO00 each and have coupon; attached. They have thirty years to run, and bear annual interest paya- hle on the first days of January and July at the Company Office in the city O. New York, at the rate of six Der cent in gold. The Prn- cipai is payable in gold at maturity, At the present. rate of gold. these bonds pay an ann u- sal income on their cost of
 NEARLY NINE PER CENT. AND IT IS BELIEVED THAT THEY WILL. SOON BE AT
 A PREMIUM
 The company have but a very limited supply of their bonds remaining on hand, but any subscriptions to greater amount than can be filled from bonds now in the company's poss es- sion. will be supplied from the new bonds to be is ue on that portion of the road oomplet- ed in the spring. in the order in which they are received.
 The Company reserve the rig,lt to advance the price of their b >nds to a rate above par at any time, and will not fill any orders or re- ceiye any subscriptions on which the money has not been actually paid at the company's
 
 Parties subscribing will remit the par valve of the bonds and the accrued interest in cur rency at thc@Gte of six per cent. per annum, from the date on WI ich the last coupon was Raid.
 Subscriptions will be received in Litchfeld, by II. R. Coit Cashier, First National Bank Litchfeld and in New York a the Company's Office, No. 20 Nassau st. John J. Cisco son Bankers No 59 Wall st., and by the Companys advertised agents throughout the United States, of whom maps and ntc hDo >ko.,~ tion. Remittances should be made in drafts or other funds par in New York, and the bonds will be sent free of aarge by return express Parties subscribing through local agents, will look to them for their safe delivery. =. pamphlet and map for 1868 has just been pub- lished by the company giving fuller information than is possible in an advertisement. respecting z the progress of the work. the resources of the country traver ed by theToad, the means for con- str lction, Id value of tho bonds, which will Dc sent free on application to the companys offices or to any of the advertised agents.
 JOHN. J. CISCO, Treasurer, N. Y.
 Apr. 10, 1868. 2-tf