Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1867-06-07

ming west from 0mahs, the receipts for the first
two weeks in May were $4,000; and as the
road is extended towards the great mining CEN
ters the business in freight and passengers cons
family increases-and SIS there can be no compe-
tition from rival roads, the Company has full
power to charge remulerative prices
PROSPECTS, FOR FUTURE BUSINESS.
Ii needs no argument to show that the trafii;
Of the only railroad connecting the Atlantic and
the Pacific, and passing through the great min
ing region. must be immense.
Although our annual product Of the precious
metals is now officially estimated at SlOO,OOO,-
600 per annum, vastly greater sum will be
obtained as soon as the Union Pacific Railroad
opens the way to the golden regions osthe Rocky
Mountains. Now, the difficulties and cost Of
communication are SO great, that none but the
very richest veins can be worked but with
cheap transportation, hundreds Of Thousands OF
hardy miners will successfully develop other
mines, that, with less costly working, viii be
even more profitable than the average Of those
now in operation and the business OF this
constantly increasing mining interest must pass
over this road
The records Of our shipping Offices show that
not less than $4,000 passengers now annually
travel by sea between the Atlantic ports and San
Francisco and these reckoned at $50 each
(about one half the steamer price) would pro
duce a reTenuo of 81 100000.
The overland travel is even greater. In
single year, tlreHiy-screa thousand teams, CON-
prising vast number Of emigraEts and travel
ers, departed from two points only on .le Mis-
souri, River On their westward journey. If the
truth Of this statement was not familiar TO all
frontiers men, It might well be questioned. But,
estimating the overland through travel at the
same figures as that by steamer, and We have
Slj.00O,OO0 as the minimum estimate on the
same number Of passengers But the facilities
for cheap and rapid transit furnished by railroad
always vastly increase the amount Of travel
with the same population. The difference be-
tween the numbers who would take an ocean
steamer or prairie wagon and modern PAL
ace-car, with its luxurious state-rooms, where
the traveller eats and sleeps almost as comiorta-
by as at home, may be as great as the dilier-
eRce between the numbers who were iolted over
the mountains in an old-isshioned stage-eoach
and those in an Express train between any two
great cities. Then, is it not safe to say that
this through travel will be at once doubled on
the completion Of the road in 1870, and, with
the rapid increase Of Pacific Coast population IN
the next ics years, more than quadrupled Is
II at all eztraysgant 10 assert that the through
passenger business during the first year after
the first train Of cars runs from Omaha in Ne
| braska to Sacramento, will be worth twenty
| five million dollars? When to this We add half
as much for its iray passenger business, and
more than as much more than both for It's
freights, expresses and mails, &c, are there not
the best reasons in the world for believing that
the Union Pacific Railroad will be one Of the
most profitable as well as one Of the greatest
works Of modern times:
TIE SECURITY AND VALUE OF rs BONDS.
We have made these calculations that the
| public may have some brief data Of facts from
which TO form their estimate Of the value Il the
Union Pacific Railroad Company's First Nor
tgage Bonds. Besides, men Of the greatest
railroad experience in the country have shown
their confidence in the stock by liberal subscrip-
lions, and this stock must be subordinate to all
other claims. But there are stronger proofs Of
the security and value Of the Mortgage Bonds
than any We have named
l. That for the safety Of the country as vel
as national economy the road Is Indispensable
> That by an investment OF about fifty
millions in Second Mortgage on the road, the
/ Government practically guarantees the princi-
| pal and interest on the first Mortgage.
The Company now offers a limited amount
/ u its First Mortgage Bonds, bearing SIX per
cent interest, payable semi-annually in coin,
at ninety per cent. This interest, at the cur
rent rate OF premium on gold Is elual TO nine per
cent. per annum on the price for which they are
now offered. The Company expects to sell but
| a small amount az this rate, when the price viii
/ be raised. and Ike all similar bonds they viii
| finally rise to a premium above their par value.
| The subscribers to this loan VIII not only have
the sdyantage Of very literal interest and very
safe security, but will also have the satisfaction
/ Of having assisted il the construction Of the
| greatest national work Of the country.
The price Of freight by teams from the
| Missouri River was formerly twenty-five cents
/ per pound, or 5000 per ton.
Mr.. sumner IN his exhaustive speech on
Russian America, lately published, traces
the first suggestion OF It's purchase by the
United States as far back as to the admins
trati0n Of Mr.. Polk, a suggestion which
rigoncd into something Ike an overture in
tile administration Of Mr. Buchanan, but
which was chtc.ually interrupted By the re-
lcllion. The attention Of the government
vas again called TO the matter by the action
Of the legislature Of Washington Territory
in the winter oflsGG. The sum originally
named for the purchase IN Mr.. Buchanan's
time, was five million dollars, which was
then pronounced by the Russian government
to be wholly inadequate, and Mr. Seward
was obliged to carry it up to seven millions
two hundred thousand.
Had Dan Sickles, Capt. Rynders aud others,
who, thirty years ago, sought 70 exterminRte
Garrison snd his crew, succeeded, had they, On
certain day, massacrei every Abolltionist on
American soil, this sublime manifestation of
popular justice would have saved the country a
million Of lives and ten thousand millions Of
property What an awful truth TO consider
truth that no sane man in all this broad land
viii dare to question. Had there been no Ado
ltion party there would have been no Abraham
Lincoln, no sectional combination Of States TO
usurp the government, no secession to escape
that combination, no war or conflict whatever
and the whole American people would now he
rejoicing in peace and Qrospcrity.--N !. Day
Book.
The Ddy-iook omits the first link IN ITS
chain of consequences. Had there been no
Starry, there would have been no abolition
party and thus no need Of the universal
massacre OF abolitionists, the failure Of which
the Day-look so lamcnts. Moreover ifthere
had been no devil, there would have been no
slavery and no papers like the Day-Jook
BURcLARY.-The store Of L. Fireman.,
MATCHMAKER, on Church ST., was broken
open Sunday nisht,an the iron safe IN which
Mr.. Fireman. scpt has stock Of goods carried
of. The robbery was discovered by the
hostlcr Of the Stanton House, on getting up
about FIVE O'Clock next morning aud as he
had been by as late as \. NJ, and noticed
nothing amiss, it is supposed the robbery |
was committed between those hours. \
pane of glass IN the siie-door had been cut
out with diamond, the door unlastened, a |
wheelbarrow brought up, and the safe lifted
on it and carried away Probably two or
more men were concerned, as the safe
weighs go pounds.