The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-06-08

loo ooo acres " III ne available t. the Company within
a moderate iongth OF lime, and that n is ar within
bounds to estimate Tins entire grant at sl" an acre
ar Sao OOooO0 The Illinois Central has ra!izrd more
| ,han four times this sum from similar grant.
| RECONCILIATION OF MEANS FOR l.5G5 MILES
| us Bonds equal to money. :ii23s,oVO
First Mortgage Bonds ii'2nSHo"
Land Grant 2n.0l2 ooo acres say 'p""'""
! -
llsllG,0oJ
-equa to of nearly $4,000 per mile which Is
I believed to he liberal estimate. This does mol
take into arconni the value of the right OF way an"
material the stock subscription already pad III Or
to be pai, in the future the present discount AT
which the bonds are offered. they are expected
| soon to he at par
| THE lXrtREsT on BONDS is more than provided
for by the earnings Of the various sections oil inc
road they completed On the 800 miles On when
the now running west from Omaha the receipts
rur the frs, Two weeks in May Sll&,ooo and a.
the road i. extended towards the great mining crnters,
the business freight and passengers constantly in
croases--gnd there be n" competition from rival
roads, the Company has "! power TO charge rem"r"'"-
tive prices*
PROSPECTS FOR FUTURE BUSINESS.
It needs no arg unent show that the traffic Of the
only railroad connecting the Atlantic aud the Pacific
immense.
Although our annual product Of the precon- metals
is now officially estimated at Slo000oo 900 per
vastly greater will he obtained RS as the Union
Pacific Railroad opens the way 10 the golden regions
of the Rocky Mountains. Now, the difficulties and
of communication are great that none hut the
very richest be worked; hut with cheap trans
porta,ion hundreds Of thousands of hardy miner, will
successfully develop other Mines that, with less costly
working. will be profitable than the average
those operation and the business q" this con
SANITY increasing mining interest must pass the road
The records Of shipping offices show that not less
than 10000 passengers annually travel by sea be-
tween the Atlantic ports aud san Francisco; and these
reckoned at Si50 each ahout onch.lf the steamer price"
would produce revenue Of SI,5'o,mo,
The overland travel is greater. In single year,
rentyscrcn u0USdad t1DpS, comprising vast number
of pngr.,nts api travellers departed from tw" points
,n, on the Missouri River OH their westward journey.
II the truth Of this statement was not familiar Ia all
rromtier-mer. might we'll he questioned Bat esti'
mai ing the overland through travel at the same hSn'es
AS that by steamer, and we have SIS OOOo as the inii'
. i,Aul esi innate the same number OF passengers
But the fcitie. for cheap and rapid transit furnished
b, railroad always vastly increases the amount Of r''"!
with tho same population. The difference between the
numbers who would take ocean steamer OF prairie
"'7'' ,.. a., ants and .,oens ,lm.s,
,,, -. ., b,n,. m,y II. as great n, the dit.
- ,'o ,ha ,r,,,.r. wh, were ioIted over th.
., T.; a., o,d f, .bionad staoe.cocb and ,ho,. in
,,.n ,, i, ,s,,,oa, any ,wo great cities Then
. :, az, Ia say ,I,.t This thropgb travel will be at
once doubled OF, the completion of the road in 1880, and
with the rapid increase o. A,ciiic Coast population in
the next few years. more than qaadruredi Is it at all
mai he
Wv a., ,., ,.o,r of,.r ,h. ,rst train of ear.
'>' , n,ho IN xahr..la :. Sacramento will IN.
49, a., ;u,,, a,ua,,, ,vtau y, ,b;s ,ro
h.,r nro, mara far H., ,,,,, n,s,p,yer tu,iress
a ,nro ,a, a. ,ul, more than both for its fre.h,s
"N '''' AL, a,a ,,o ,ho,, ma, ,ho has, r.,so,s
nr LoIisy;ne ,hot ,b. union pncif, Rail-
~ 50 ',,, ~ ~ ,b mast rr,f,,hl. a. cell ~, mn.
, ,h ,on1., works oc mo,I.,u lines