Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1867-11-22
THE MEANS SUFFICIENT TO BUILD
THE ROAD.

CONTRACTS fdr the entire work Of building ei
miles 90 frst-class railroad west from omaha, com
prisius much q the most difficult uountain work
and embracing every expense u Surveying, have
1een maize with re-poush BE parties .vho have al
ready finished over su miles,. az the average rate
Of sixty eight thousand and Gfty-eieht dollars
lsT- lI-I per mile Th- price includes all neces-
shops for construction and repairs OF cars, te
pots. stations and all other inc dental buildings,
and also locomotives, passengers and freight cars,
AMI other requisite rolling stock, % an amount
that shall not he less than 5000 per mile Allow
ins the cost Of the remaining one hundred eighty
SIX o. the eleven hundred miles assumed 20 he
built hy the Pacific Comdauy 70 he $4,000 per
mile.
DRIED MILES WILL BE As FOL
LOWS:
9f miles at s. 5.-.....--.-...-.--.$5! 500 ot-
~, ,is.' a. ~ t,,: :,,,,,. '+Gos,
Amount n - ti'.e
Company's own FIRST Mortgage Bonds have
ready market. We have as the
AvAILAPLE CASH RESOURCES FOR
BUIIbING ELEVEN HUNDRED
MILES:
L 5. n nls.
First VI 'rtsase honfs-- ....-.--..- i-,ott
Capital stock paid in on the work now
done Ilir-. $50
Land Grant. H,oso.too acres, at 81 90
per arre---.---.. -..-..'.---..-...... <i'l3,'V
Total. IFS a1t
FUTURE BUSINESS.
Ii quite within bounds 70 say that its traffic
Will be limited only by the capacity Of the line,
ana that other road will fnt double track So
nes,ary. Californ. a aud Oregon must not onl, be
supplied with means O. transport for its psssen
gers, mail treasure and ether freghts- but the IN
hahitants Of Dakotah. Utah, Idaho and Mont na
will communicate With.the older states also en-
tirely bt this roaf IL will he the avenue 20 all
the great mining district. which u ONLY await AZ
this rc'dy means Of communication TO receive
population that will devel y its vast mineral ant
other resources and which Of itselr u1ul' furnish
ample business foT railway line.
EARNINGS FROM WAY BUSINESS.
While the through business OF the Company will
be amply munerative. 1t is still in the future,
hut the local hu-in : the part Of the rad in
operation has been most satisflctIry.
During the quarter ming July 81. an average
# 33l mil s Of the Union Pacific Railroad wa ia
operation. The Superintendent aeFort shows
the fllloUir = re-u!ti;
EARNINGS.
Passenssrs Freight, Telegraph Mails. s723.755 %
T-ausportati. n Of Contractors Mater
itls and MEN, 449 2>ifl
Total. sl.2l3,03s 90
EXPENSES.
| Fuel. Repairs. omces. CONDUCTORS, Trains.
&e............;-,..' .-....-....-.-. l'5l p.
Total. ,s8,0,s %
| The net operating expen. es on tie commercial
| business ~ the quarter were 80. e6s. 90 Tie
account for the COMMERCIAL BUSINESS stauds
/ as follows
Farninss for May, June and Jaly........s- 9-55 =
/ Expenses --...--. Hi9,eob 5l
Vet SIS 779 a
| The amount Il Bonds the Comptny can issue on
325 les, at $40 co.. per le ia 1920 co.. Interest
in gold three month, at SIX Der cent, on this sum
l. s. 00h add 40 ger cent premium 70 correspand
Z with currency earnings IL slu9. 1O-shOwing that
the net earn ms for this quarter more than
four times the interest the First Mortgage bond:
On this len-th froad
FIRST MORTGAGE BONDS,
Whose principle is - amply provided for, an
whose inferred y 50 thOroughls secured must b,
classed among the safest investments They pay
SIX PER CENT Nv GOLD
and are Of red, for the present, at Ninety cent
on the dollar and accrued interest at six per cent
| in currency from July NAM parties are taktu
stscss u exchan ge for these bonds which are owe
sffsoa pc, cent cheaper, and, at the current rate
premium on gold, pa
Over Nine per Cent Interest.
Subscriptions will he received in Burlington b
c. ". Woodhouse, Merchants National Bank, an
in New york at she COMPANY Office, 20 Nassau 81
and BY
CONTINENTAL sATIOsAL BAsk, No. : Nassau st
CLARK. DODGE & CO., bank ers, No. 81 Wall st
J IN J.CIsoo Son bankers, No. 80 Wall ST.,
snd by the Coupany's advertised agents through
out the United states. OF whom naps and descriI
tive pamphlets may he obtained application
Remittances should be made In drafts oths
funds par in New York, and the bonds will be sen
4 ZEE OF charge. by return express. Subscriber
through Local Agents will look to them for the
JOHN j. CISCO, Treasurer, New Yor
Nov ~. d&wIm.