Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1867-07-05
The Union Pacific Railroad.

ObO MlLE0 OIEN FOh lhAN Az
JULEsBUEG.
The telegraph has announced the COM
pletion of this road to Julesburg, 376
miles from Omaha, and the materials are
nearly all on the ground to lay the track
to the base of the Rocky Moun.ains-l41
miles furlher-by September next This
is certainly very rapid work, but int elligent
correspondents say it is well done, and that
the road is well equipped; that its depots
and stations are Of brick and stone, and
its locomotives and cars of the best. The
U. S. Commissioners are also compelled to
testify that it is in all respects IA first-class
road before the Government will accept it.
The business Of this road is already sur
prising. The thousands of teams that
once spent summer in toiling over the
prairies have transferred their loads to the
rail track, and by autumn the locomotive
will be at the base of the Rocky Noun
tains. The Editor of Harper's Weekly
remarks that when the Union Pacific is
completed, all other lines Of railway will
become, to a certain extent, its feeders.
Along its entire route over the great
Plains lateral branches will be constructed,
which will pour into it their way-side con-
tributions 10 an extent that cannot to-day
be approximately estimated.
Already, with less than one-third of its
length complete, it is earning several times
its operating expenses, as officially stated.
Such success is without precedent. When
it reaches the already populous gold re-
gions of Montana, Idaho, ahd Nevada, the
freight to and from those points alone is
likely to be almost fabulous. And popu-
lation follows the road as it extends. A
town or village marks each stage Of its
progress. Who can calculate the quantity
of way freight that the road is destined to
carry for these rising communities? Who,
indeed, can estimate the passenger traffic
alone ? When hundreds of thousands of
persons, with theii faces towards the West,
have tramped over the Plains at the risk
of their scalps, how many peradventurs
will ride, when they can make the journey
with safety in a few days? But short
time will elapse before the demands of
trade will call for second track, to be
used exclusively as freight road, over
which an endless line OF slowly moving
vans shall continuously pass, leaving the
other track for the use Of impatient pas
sengers only"
Our readers will perceive by reference
TO the Company's advertisement, that it
offers its First Mortgage Bonds, paying
six per cent interest in gold to subscribers,
at ninety cents on the dollar. These bonds
are first hen upon the road, and are lin |
tied in amount 10 $4,000 to the mile.
The Company state their net earnings
Tor the month of May. while only 29O
miles OF road were in operation, at S26l,- |
1S2-a sum which, after deducting oper-
aiing expenses, is several times the interest |
on the bonds they are by law permitted to
issue upon it. If the earnings are so
large upon the way business, what may we
not reasonably expect when the connection
Is made in 1870 with the Pacific Coast
we can see no reason why the First Mort.
gage Bonds of snch road are not a safe
security, and they are l6 per cent. cheap
er than Government bonds at the market
rate. Subscriptions are already large, and
are received by banks and bankers gener- |
ally throughout the country.