The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1867-07-11
THE UNION PACIFIC RAILROAD.
376 Miles open for Travel-to Julesburg

The telegraph has annouced the com
pletion of the road to Julesburg, SIG
miles from Omaha, and the materials are
nearly all on the ground to lay the track
to the base of the Rocky Mountains-14l
miles further-by September next. This
is certainly very rapid work, but intelli-
gent correspondents say it is well done,
and that tho road is we'll 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 testisfy that it is in all re-
spects 6rstcla road before the Gov
ernment will accept it. The business of
this road is already surprising. The thou
sands of teams that once spent summer
in toiling over the prairies have trans
ferred their loads to the rail- track, and by
autumn the locomotive will be at the base
Of the Rocky Mountains. The Editor of
Harpcr'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 contributions to an extent that
can not 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 10 without prece-
dent. When it reaches the already popu-
lous gold regions of Montana, Idaho, and
Nevada, the freight to and from those
points alone is likely to be almost fabu-
lous. Aud population follows the road
as it extends. \ town or village marks
each stage of its progress. Who can cal
culate the quantity of way freight that
the road is destined to carry for these ris-
ing communities Who, indeed, can es-
innate the passenger traffic alone? When
hundreds of thousands of persons, with
their faces toward the West, have tramped
over the Plains at the risk of their scaps,
how many peradventure 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
a second track, to be used exclusively as
a freight road, over which an endless line
of slowly moving vans shall continuously
pass, leaving the other track for the use
of impatient passengers 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 subscrib-
ers, at ninety cents on the dollar These
bonds arc first lien upon the road, and
are limited in amount to $4,000 to the
mile.
The Company state their net earn
lngs for the month of May, while only
$50 miles of road were in operation, at
s26l ,7S2-a sum which, after deducting
operating expenses, is several times the
interest on the bonds they are by law
permitted to issue upon it. If the earn.
ngs are so large upon the ,ooy business,
what may we not reasonably expect when
he connection is made in 1870 with the
Pacific Coast? We can see no reason
Why the First Mortgage Bonds of such
'oad are not safe security, and they are
10 per cent. cheaper than Government
bonds at the market rate. Subscriptions
ire already large, and are received by
banks and bankers generally throughout
he country.
Grand Gift Distribution.