Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1867-12-06
THE MEANS SUFFICIENT To BUILD THE
ROAp.

/ THE MEANS SUFFICIENT To BUILD THE
ROAD.
4 Contracts for the entire work Or the building
9i miles Of frst-class railroad from Omaha
/ comprising much Of the most difficult mountain
work, and embracing every expense except sur
veyinE, have been made with responsible pa--
1 ties (Who have already finished over 500 miles
( at the average rate Of sixty-eight thousand and
/ Fifty eight dollars 500 .05S} per mile. This price
includes all necessary shops for construction ar
repairs Of ears dep0ts stations aaa all other IN
/ cigeHtal buildings, and also locomotives passer-
ger, baggage, and freight cars and other requisite
rolling stock, % an amount that shall uat Je Jess
than S5.or9 per mile. Allowing tie cost Of the
! remaining one hundred and eighty-sfx of the
eleven hundred miles assumed to ba tuilt bv the
Pacific Company 10 be SeG,Je0 per mile
! THE TOTAL COST OF ELEVEN HUNDRED
MILES WILL BE As FOLLOWS:
! sl4 niles, al S6s. s.p5S............ sR2. .2o5 orc
ist miles at S9Q, aG0 10 GFH
Add discounts on bonds surveys. &c.....a 500 zoe
Amount...-....-.......... sss 4l5aI2
As the Z. 5. Bonds are equal to money. and The
3 tompany's own First Mortgage Bauds have
sady market, we have as the
AVA LIABLE CASH RESOURCES FOR
Bun DING ELEVEN HUNDRED MILES:
e. s Bon. s-....- 2a 52s 0a9
First Nartra. Bonds aq.a2s. coo
Capital stock pa ID in on the work now
dons..-.... ..-.-.......-..-.....- $3.50 $50
Land Grant, Il,os0.b go acres, at $50
per 8crc-.-......,. ,l1t.ee9
Total ...--.-......Ss5, ,I+5.-50
The company have ample fae Titles for supply
ing any deficiency that may aris. IN means for
construction. This may lie done " .eoHy cr in
part by additional subscriptions 70 capita stock.
Active inquiry has already been made for q
"a hqz a
proposed TO cfTer part uf them for sale While
their whole value VIII not lie available for some
years 70 come. they Will remain very important
source Of revenue to the Company. The lands of
the Illinois Central Railroad Company are sell
ling at from Sc 70 SI2 per acre, and other land
grant companies in the West are receiving equal
prices go7 similar properties.
FUTURE BUSINESS.
The most sBepticsi have never expressed a
doubt th3t when the Union PaeiEc Railroad Il
finished the immense business that must fow ever
il, as the oulr railroad connecting the two grand
divisions Of the North American continent, viii
be one Of 5he wonders of railway sportatien:
and as il VIII have competitor it can always
charge remunerated rates.
EARNINGS FROM WAY BUSINESS.
During the quarter ending July 81, an arerags
of 80 miles OF the Union Pacific Railroad was
in operation. The Superintendent,s Report shows
the following result:
EARNINGS.
Passeue gers, Freight, Telegraph and
Ma}s..- So, 40 o+
Transportation Of Contractors Mate
rials and 47q. 252 81
EXPENSES.
Fuel, Repairs, Offices. Conductors,
Trains, S395. $50 %
Net EARNINGS to balance...-.......,.... S075os 03
.............. ,a02, ,e3S 95
The net operating expenses on The commercial
business for the quarter were S231,at6 90 Inc
account fer the COMMERCIAL BUSINESS
stands as follows:
Earnings for May, June and July..,~.s7 %. .755 IS
Expenses . ......-........ 237 a66 80
Net Proft....................... s4s5 7Sa o.
The amount Of Bonds the Company cs1s issue on
S25 miles, at Sl6G00 per mile is s5. 2090 00n IN
terest in gold, three months at per cent gn this
sum, is S7S ,o0h; add 40 per cent premium to cor
respond with currency earnings. is SlGg 280--
showing thai the. net earnings for this quarter
were more thar tour times the interest on the First
Mortgage Bonds on this length Of road.
FIRST MORTGAGE BONDS,
whose principal is so amply provided for and
whose interest is SO thoroughly secured, must he
eiassed among the safest investments. They pay
SIX PER CENT. N GOLD,
and are offered for the present at NINETY
CENTS ON THE DOLLAR, and accrued interest
at Six Per Cent. in Currency from July l.
Many parties are taking advantage Of the pros
cnt high price of Government stocks 10 exchange
for these Bonds. which are over FIFTEEN PER
CENT, CHEAPER, and, az the current rate IF
premium on gold pay
OVER NINE PER CENT. INTEREST.
Subscriptions win be reciyed in Bedford b.
RCPP AND SHANNON, ami in Ncw York At
-