Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1867-11-29
TIE MEANS SUFFICIENT TO BUILD THE
ROAD.

TIE MEANS SUFFICIENT TO BUILD THE
ROAD.
Contracts for the entire work Of the building
9l4 miles Of frst-class railroad west from Omaha
comprising much Of the most difficult mountain
work, and embracing every expense except sur
Neying' nave been made with responsible par
ties twhO have already finished over 500 miles)
at the average rate Of sixty-eigbt thousand aud
ffty-eight dollars (S6S 05s) per mile. This price
includes all necessary shops for construction and
repairs Of ears, depots, stations and all other iu
eideutal buildings, and also locomotives, passen-
GER baggage, and freight cars, and other requisite
rolling stock, to AZ amount that shaH rot Be le5e
than $4,000 per mile. Allowing the cost of the
remaining one hundred and eighty-six Of the
eleven hundred miles assumed 70 be built by the
Pacific Company to he Sg0,o00 per mile
TIE TOTAL COST OF ELEVEN HUNDRED
MILES WILL BE AS FOLLOWS:
PA miles. at SG2 205S............... $50 2o5 oI2
lS6 miles at S90.U00 . rs -4g coo
Add discounts on bonds, surveys, &e.4 5Ge 600
........-..Ss3 4I5.0ia
a. the L. :. Bonds are equal to money. snd:b
Company own First Mortgage Bonds have A
ready market, We have as the
AvA1LABTE CASH RESOURCES FOR
BUILDING ELHFEN HUNDRED MILES.
:, = n"hds-.-.- 22S 900
First Mortgage Bonds ................. % s7S ncn
Capital stock paid in on the work now
uune-.-...-.- : g6q -5O
Land Grant, ll.eS0,000 acres. at -. 80
Per acfe......... q ,I20 GOO
Iot.'l..-.....--..-..................Ss 5,lI5,75o
The company have ample facilities for suprlv-
Ing any deficiency that NAV arise in Doars far
construction. This may be done wholly or in
part 10y additional subscriptions to capital stock
Active inquiry has already been made for a
portion Of these lands, and arrangements are now
proposed % oHer part Of them for sale While
their hole value will not be available for some
years 70 come they viii remain very important
source of revenue TO the Company. The lands Of
the Illinois Central Railroad Company are sell
ing az from 81 TO Sl2 per acre, and other land
grant companies in the West are receiving equal
prices for similar properties
FUTURE BUSINESS,
The most skepticsl have never expressed a
doubt that when the Union Pacific Railroad il
finished the immense business that must Cow otr-
II, asthc only railroad connecting the two grand
divisions Of the North American continent will
oe one Of the wonders Of railway transportation;
and as IL viii have no competitor it can always
charge rcmunerated rates.
EARNINGS FROM WAY BUSINESS.
During the quarter ending july 81, an aversrs
Of 525 miles Of the Union Pacific Railroad was
in operation The Superintendents Report shows
the following result
EARNINGS.
Passengers, Freight, Telegraph and
Mails. ............ S72S7j5 81
transportation of Contractors Mate
rals and Men. ....,,..... 47g. .2Sa Il
Total. ....,...sl, ,2O3,oss IL
EXPENSES
Fuel. Repairs, Offices. Conductors,
Trains, ............ SSg5. $50 %
Net EARNINGS to balanee.............. sol, SOS os
---
Total..-..... POS OBS 95
The net operating expenses on the commercial
business for the quarter were S237 800 80 The
account for the COMMERCIAL BUSINESS
stands follows:
Earnings for May, June and July..s723.7555 81
Expenses % ............ 2S7. .q6s SO
Net Profit.............. s4s5 -Soot
The amount Of Bonds the Company can issueo on
325 miles, at $4,000 per mile, is SIS, zoe OO0 In
tereSt in gold, three months at per cent on this
sum- Is S1S0Ge; add 40 per cent. premium to cor
respond with currency earnings, is SIO9 200
showing tnat the net earnings for this quarter
were more than toar times he Interest on the First
Mortgage Bonds on this length og road
FIRST MORTGAGE BONDS,
whose principal is so amply provided for. and
whose interest is so thoroughly secured must be
classed among the safest Investments. They pay
SIX PER CENT. IN GOLD,
and are offered for the present at NINETY
CENTS ON THE DOLLAR, and accrued interest
at Six Per Cent. in Currency from July |,
Many parties are taking advantage Of the pres
ent high price Of Government stocks to exchange
Tor these Bonds, which are over FIFTEEN PER
GENT CHEAPER, and, at the current rate of
premium on gold pay
OVER NINE PER CFNT. INTEREST.
Subscriptions win be received in Bedford by
RUPP AND SHANNON, and in New York at
the Company's Office, No % Nassau street and
by CONTINENTAL NATIONAL BANK, No.
Nassau street. CLARK. DODGE 4 co, Bankers
No. Wall street, JOHN J. CISCO & son,
Bankers, No. S3 Wall street and by the Compa-
ny's advertised Agents throughout the United
States. Of whom maps and descriptive pamphlets
May be obtained on application. Remittapces
should be made IN drafts or other funds par in
New York, and tue bonds win be sent free Of
charge by return express.
JOHN J. cisco, Treasurer. New York
Subscribers through local agents will look
thCln Tor their delivery.
Nvvcber 15thm, lS67.. IT