The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-29
THE UEl0s, PACIFIC ROAD.
S~~~->~~~-~~e~~~~>~~~>~~
The Greatest Railway Enter
prise of the Age.
Its History, Progress and
Prospects.
sc. &C. &C.

VoRS0S0s
sc. sc. &c.
Although more than three hundred miles Of the
Union Pacific Railway OF Omaha It's eastern termi
ana have been completed, but little il known by the
general public Of the progress and prospects OF this g.
gAntic work. which, in conjunction with the Central Pa
sac limo extending from the California side, promises
= unite the Atlantic and Pacific in about three years
and half from the present time. Little has been said,
although much has been DONE and the vague nea Of
Fsoinc railway has something than mere theory
and speculation upon. The need OF such rail-
way long been the thems Of and politicians
and at least tscttly admitted by the poo
pie Il large. To give practical shape to
ssch an enterprise the aid OF the government
necessary; and that aid finally secured. The
advantages OF . road which should unite the eastern
western extremes Of the republic open direct
road TO tho rich gold and silver mines Of the Rocky
Mountains and the Sierra Nevada recognized by
Congress. Thereby Il was seen two thousand miles Of
territory would Be opened for settlement, and .
sxpanse Of land valueess would be rendered
productive The cost Of transporting supplies the
government posts the frontier would greatly re-
duced in consequence, and the risk OF Indian wars
would be diminished In proportion to the spread Of
civilization in those remote regions Of the West The
passage OF the necessary acts by Congress- the early
stages OF tho rebellion tangible shape what had
been before little more than misty dream Of the
future.
HISTORY OF THE rSrERPRsR
The Union Pacific Railway Company Organized
under acts Of Congress approved by Abraham Lincoln
July and July IA 1882 and July 2, 1884 condi-
tons Of which have been complied with by the COM
pany The capital authorized by the hun
aFed millions, Of which It 10 estimated that not
shan twenty five millions will DO required Of which i've
millions have already been paid. The Union Pacific
Railroad is . central railroad connecting the Atlantic
and Pacific oceans direct line. The line from
Omaha base OF the Rocky Mountains SIT miles,
- mountain region $50 miles, thence 70 the California
State line o27 miles, This last portion may b iessened
BY the Central Pacific Company meeting the road ~
Dein further east than the California State line.
The consulting engineer after careful examination
81 the whole subject reports that tho grades upon the
road far - 1t has been located definitely much
moro favorable than its most sanguins friends antci
pated. He says
From Omaha 70 thS eastern base OF the Rocky Noun
ains the maximum grade will not exceed thirty feet
mile From that point to the summit divide Of the
continent Al Brdgsrs Pass, II will mot exceed eighty
boundary Of California tho preliminary survey shows no
necessity for grades exceeding hundred and sixteen
feet per mile In distances Of few miles each
believed that nnal location will b made with much
leaD mailman. -t-,fs 4~ rr
BY section u the nrst oct above referred Co. Con-
e granted the right Of way and the privilege Of tax
Ing materials from the public lands for the
% he rad and Of the telegraph line also in alternate
sections on each side the road twelve thousand eight
hundred Of land per mle and in further aid Of
The construction Of tho road and telegraph line loan Of
thiry-ysar nix per cant United States bonds to the
amount Of $4,000 per mile upon the portion OF the
between Omaha and the Rocky Mountains i've hum
bred and seventeen miles, and treble this Of
bonds for the next hundred and atty miles, or
Rocky Mountain section, and double the same amount
Tor the balance Of the line
Ths United States government Issues these bonds 10
Ne Union Pacific Railroad Company. and pays the In
ssrest upon them for tho thirty years which they have
- Of the United States Treasury only requiring
that the company sshal, It al times. transmit des-
patches said telegraph line and transport mails
troops and munitions Of war, supplies and public stores
vpon said railroad for the government whenever
CURED do by any department thereof and that the
shall At all times have the preference 10 the
Of the for all the purposes aforesaid ut fair and
reasonable rates of compensation TO exceed the
amount paid by private parties for the kind Of
vics onehaf Of said compensation TO be applied 70 the
payment OF said bonds and interest,""
BY section ten of-the amendment Of July 2, 1854,
sSAs Union Pacific Railroad Company is also authorized
% issue first mortgage bonds upon its railroad
rolling stock equipment and telegraph lines
not exceeding the amount Of the bonds OF the United
statssn And to these nnt mortgage bonds issued
she lien Of the United States bonds shall be subordi-
nase.n
II has already bscome evident that the government
win DO largely compensated for loan OF their bonds
end the payment Of tho thereon by the dmin-
shsd and increased rapidy Of their transportation
and the facilities OF telcgraphic communication. The
me rst Ave hundred and seventeen miles the bass Of
The mountains. ars:-
Prom stock $40 GOO ooo
From company's first mortgage bonds. s,272000
with osi 600 scr:s Of land mot included 10 above;
and for the mountain section and road Of that
bonds per mile - before stated The eos
ne ro.d % g, ovss asd shove The amounts derived
By money furnished By the stockholders, I'VE
millions Of the above ten millions Of stock
season. Of 1899 the company completed sos miles. 20
esthsr with machine shops, station houses rolling stock
nila such rapidty Of execution has perhaps never
been equaled In any other work Of the kind Every
he work 1S
~ prssent season. All necessary materials have bssn
70 complete me rosa % the cas: Of the Rocky
me spot ready for TrsckayIng has bsen com.
nsnesd and i slrsady progrssng q the rate Of two
= The Rocky Mountains By he LIST Of september next
Arrangements also made for the grading In advance
- tbe heavier portions Of the work IN the Rocky Noun
saAs section thai the may proceed
nsaRy quite - sxpedtiously ON The more level
portions o. the line. A the Central PAcdc Railroad
Company q the California end prosecuting the wos
With great vigor and success ID expected thaS the
whole line viii b. completed In le7u We win mot ven
enrs upon any esfimate OF the trnnc which
van psss upon shs entire line when completed 70 The
Pacific
Prom present experience seems obvious shas TIE
business Of the uncomplstsd line will at every stage Of
~ progrsss yield profitable return upon The invest
menl The public already familiar with the great
mineral OF the mountainous portions or
country through which the road passes, but IL
generally known that the great Platte valley and plains
good agricultural lands capable Of sustaining large
population and Of Supplying the mining districts from
their surplus productions indicating also In the future
IN exchange Of products. Of which ths read viii b
NE instrument