The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1858-04-16
SOUTHERN PACIFIC RAILROAD.

SOuIHEhN PAClFlC RAILROAD.
We have been favored with some facts and
statistics regarding the progress and pros.
pects Of this road, Its magnificent land dona-
tion from the State Of Texas, and the ulti-
mate large profits its now assured completion
will yield to the stockholders which we take
pleasure in spreading before the public. We
doubt not the data furnished Us is reliable,
for 1t comes from reliable source.
:. The President Of the company, Geo. s.
Yerger, Esq, has but recently returned from
the line of the road of the company in Texas,
whittier he proceeded on tour OF investiga.
tion. He reports a very satisfactory condi.
ton OF affairs. The progress Of the road is
40 much as could be reasonably desired; and
the feeling among prominent and substantial
citizens is emineRtly favorable. Many of the
difficulties that have embarrassed this mighty
work-the only one at all feasible to open
railroad communication between the Atlantic
and Pacifc-have disappeared before the nc.
tive labors Of its immediate friends. until the
most serious obstacles may be looked upon as
surmounted. Further, we are informed that
the road 10 becoming very popular in our sis.
ter State, and that 1t now receives the strong
support Of the strongest and most substantial
people there, who are prepared to extend to
1t the fullest aid their time, influence and
An ofics of tbe oo,nnsnv w;,, ~. rna.,
stand. he shortly establisbed al M,rshoil
Texas. The animal oIoct;on of D;rontars b.,
the ,toctboj5ar. will bo La,J IN 49, 49,. "
New Orleans an tha 6rst Mondov IL H.
n.,t A. uh;oh ,;,,a s,Ii ro,'art ,,,i, |" vuae
which, we have good reason to believe, will
enternrise. and IN. sta,e of Tsros ' VI 'n'
The lands orsntsd 10 mi. oon,.n .ro
valuable and mun;Soent hevond rara},oi =
fact which seems not to he dulv imnrss.sd
upon the public mind. Tbev consist ~ .;nLt
niii;ous of acres Of tbo r;oSsst ana NO., y, ~
tile anil ON tho surface If tbe oIoba ,nsvr
passed in climate and produeton When
this vast domain hejnn,;na m tho o.,,,,ann
shall be mt under cnItiyo,;on a. IL iii ~
A aeon al w. nronr ou' ~ .ho 10 ~ WI, oe
its products In reach a market ito nrodnot;rs
capacity will hecome stnnenJop. All -
reauires n heco,ne tha vooi,I,;a., amd hna, ~
est nrodnc;no sect;on On esr,h 10 " u.;iua.d
and A nopniat;on and ,be ra;irooa !, w;ii
have in n "a " short ~aor. nd ,a,rio,;ou vii
flow IN along with ;ba r;iroad pf th;S thona
can he No ones,;or And &c 800. a.
nrice NJ tho ,oronon',i. ,.nd Ill, ~ snS
corre,nondinolvp -"AN wan '' '"""n'e'
Sneat;ng ~ th... I.nd, ,d Att.
pectiye value, Let ia assume Inv wan nf iiiUs.
trstion. the Illinois Centroi Rs;lr1ad as q
standard Inv which 70 male orr ooio"J.,;o,s -
and then glance at the mighty results to he
realized BY the stockholders of the Southern
Pacific Railroad Companv. from the comnle.
ton of the work-results of infinite NAOMI.
tude flowing from a comparatively trifiinp
investment.
Basiug our figures upon the statistics Of
the great Northern road referred to, which
prove that the land grants 70 The Pacific
Illinois road. The Illinois Central RAILROAD
cost about $50, 900 per mile. Il. lands ON
sale, averaged about SIS per acre. not specu.
lators, but to actual settlers. Now. let us
apply these figures to the Southern Pacific
Railroad, and for moment, contemplate The
results We opine thew will prove astound.
ing to men who have not duly investigated
the matter. Eight hundred miles of road. IL
10 estimated, will cost the Pacific COMPANY
$24, OOO,O 900; but. topet to the maxim,,m Of
cost, let US state it at $40. 600 per mile The
cost, then, will be s32. 600 600. Now. esti.
mate the land donation of Texas to this en-.
terprise according to the values realized in
Illinois-and the lands are infinitely more
productive and yaluable-and we have the
enormous sum of 1920, 900, 600 as the gross
nxkipts from the sales thereof, True these
nn>pot expected to be realized within
anif1 NE Look: a. .1ast- Nd !.
nav snnroy;.
.en deduct the
y nj Aa say sy,z. 600 OOO and tbe
COMPANY will possess the road completed TO
FL Paso. eight hundred miles, with a land or
monied surnlus of sss. 600 600
There appears to be- a misunderstanding in
regard TO The issuance of stock Il ia the in.
terest Of the stockbolders and the comnanv
To lame as little as nossible-tbe smaller tbs
amount the larger the dividendsmand The
poliev adopted "a to raise the neeesssr, means
bv the issue Of the bonds of the comnany,
secured bv mortgage upon the road and lands
the lands to he sold only for the bonds
tbrouob which nrocess Il IA exnected The
bonds will soon be absorbed and tbe road
freed from debt leaving the eomnanv with
something like the enormous surplus above
who will own this road. who will exclusively
realize the immense profits expected to nc.
cruei Whv. the stockholders and nobody
hut the stockholders. If anv one doubts let
hin, oo IN 6gur;no at once and then Tho