The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-11-16

The Union Pacific Railroad.
WHAT IT rs, AND WHAT 1T WILL BE.

heart of the Sierra Nevadas on the West
For two or three years more along line
stre ching across the Rocky Mountains and
through the Humboldt Valleys, there will be
the hustle and rush Of q great army, with its
long trains and busy camps, and there will
be Il smell OF burning powder, and shocks
aud echoes like great battle. But this
army is not to destroy, but to create. Its
lraipe are not loaded with frstling weapons,
hut with picks and shovels, aud it's artillery
sweeps away nothing but the defiant rocks
that have stood for long ages in the way of
years, the builders Of the West coming East,
sud the builders Of the East going West,
will meet somewhere about Salt Lake. and
then we shall have the grandest civic celc.
braton of modern times.
The two great divisions of a continent will
be united amidst national reioicings, and all
the great officers aud hosts Of great people
will be present to witness the august zero.
mony. We can now imagine that we see
the President of the United States driving
Atlantic to the Pacific States together in a
national unity and prosperity such AS We
have never known before. Thousands who
have been waiting for some better means of
reaching California than crowded steamer
and near a months passage offered, will
seek homes among the gold mines and gar.
dens by this new and speedy means of tran.
sit. Vine. growers from Germany will swarm
upon her hills, than which none are more
productive Of wine and far up the vast re.
gions through Oregon. and Washington Ter.
| rtory. to our new Russian Possessions, the
| tide of an increasing population will ebb
and flow over this Pacific Railroad
The idea of the work Was a grand one. 1t
Ind become indispensable TO the develop.
! mcut aud safety of the nation, and nothing
less than the nation power could execute
it. We are practically, to- day. almost twice
rs far from San Francisco rs from st. Pc.
tcrsburg, and in case OF war, one side of our
country would be almost severed from the
! other. The nation needed this Pacific Rail.
road to develop ts vas, territories, which
are so rich in lands, mines, and treasure,
and 10 overcome barberiam with the institu.
lions of religion, science and art
| These, rs well as other reasons, induced
! Congress- to grant the most substantial aid
TO the two great companies that are now
| constructing the Pacific Railroad and ,elc.
graph line, and that have already spent over
| forty million dollars upon it. The land
grant of II, 800 acres to the mile is certainly
muni!icent, but it increases the value of
. every other acre in that vicinity ten'old. -
| The grant Of fifty million dollars in Govern.
ment bonds on which the L. S. Treasury
pays the interest, and for which it takes q
| second lien upon the road as security, is
large, but the Union Pacific Railroad car.
ries troops i.eighta, and mails for The gov
crnmen, to an amount which pays this inter.
est several times over. No other public
work ever gave such promise OF future use.
fitness or profit
The Union Pacific, unlike other railroad
| companies, is thoroughly national Com
paEy. 1t derives its charter directly from
Congress. and five Government Directors
and three Government Commissioners assist
" the control and inspection Of ts affairs.
1t will be the siaa--. ceatral railroad of the
country, aud, OF course, will be the artery
OF an immense commerce, And this an.
swers The natural inquiry, will the road
pay We don't see how It can help il. -
| The traffic that is waiting for it and that will
be developed by it is beyond contingency,
and as there will he no rival line, it is very
likely that the Company will not forget to
charge remuuerative prices. The way, OF
local business on but 325 miles, yielded over
a million dollars in single quarter Of the
present year, and shows that every section
is productive property in itself AS soon as
completed.
Under such circumstances, the Union
Pacific Company has every reason TO antc.
pate the most brilliant success, and~e do
not wonder that it is inspired to make the
greatest efforts to secure the completion Of
the line at the earliest possible moment. It's
stockholders have already paid in over five
million dollars in money upon the work al.
ready done, aud are able to supply ample
means for construction. But If company
which has already shown so much energy
could fail in finishing their work (which no
one believes poss;ble,) it would not cease.
i ne Government that holds the second lien
upon the road would be compelled to come
in and complete 1t TO protect its own inter
ests, and the security of the First Mortgage
Bondholders would remain unimpared.
Hon John j. Cisco, for many years ASSIST.
ant Treasurer Of the United States in New
York, is one of the Directors, and also the
Treasurer of this Company. He is we'll
known to be gentleman of most oonserya-
tive opinions and careful judgment in all
financial matters, and We notice that he re-
commends these bonds as among the safest
securities.
FRANKLIN on HONE MANUFACTURER. Benz.