The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-08
THE MEANS SUFFICIENT TO BUILD
THE ROAD.

Contracts for the entire work building Ola miles
of hrstcass railroad west from Omaha comprising
much of the most difficult mountain work, and
bracng every expense except surveying, have been
made with responsible parties (who have already
finished over 500 mllesl at the average rate ofsIxty
eight Thousand and hity-eght dollars (S6S O5S) per
mile. This price includes all necessary shops for
struction and repairs of cars depos stations all
other Incidental buildings, and also locomotive pas
seDger baggage and freight cars, and other requisite
rolling Stock to amount that shall not be less than
5000 per mile Allowing the cost Of the remaining
one hundred and eighty-slx of the eleven hundred
miles assumed TO be built by the Pacific Company to
be $4,000 per mile,
The Total Coat OF Eleven Hundred
Miles Will be as fOllOws;-
9l4 miles, at t6s 500, ,20S 0l2
1855 miles, at 800 l6,74OOOO
Add discounts on bonds, surveys, etc...- 45O00 600
$50, t45, ,Ol2
AS the United States Bonds equal to money, and
the Company's own First Mortgage Bonds have
ready market, we have as the
Available Cash Resources for Building
Eleven Hundred Miles,
united states
First ortgage 29rS2sOOO
Capital Stock paid in the work done. 5,s6a75)
Land Grant, ,OSoOOO acres, at s0 per acre. 2l2OOO)
Total s85, ,l45750
The Company have ample facilities for supplying
any deficiency that may In means for corstruc
tion This may be done wholly In part by addl-
tional subscriptions TO capital stock.
Active Inquiry has already been made for portion
of these lands, and arrangements are now proposed
TO offer part of them for sale. While their whole
value viii not be available for some years 20 come
they will remain very important source OF revenue
TO the Company, The lands OF the Illinois Central
RIA lroad Company selling at from So TO $40 per
acre and other landgrant companies in the West are
receiving equal prices for similar properties.
FUTURE BUSINESS.
The most skeptlcal have never expressed doubt
that when the Union Pacific Railroad is finished, the
Immense business that must flow over IT, the only
railroad connecting the two grand divisions of the
North American continent, will be of the wonders
OF railway transportation and as It win have no
competitor, 1t can always charge remuneratve rates
The Pacific Mail Steamship Company, of New York,
is running regular line of its splendid steamers
between San francisco and China aud Japan, which
is doubtless the pioneer of other lines that Will
verse the Pacific Ocean laden with the teas spices
and other products Of Eastern Asia, Excepting some
very heavy or bulky articles of comparatively low
values shOrtness Of time decides the direction of
freights, and most of these cargOes will hnd their
natural transit over the Union Pacific Railroad,
II quite within bounds 60 say that its traffic will
be limited only by the capacity of the line and that
no other road will lind double track so necessary.
California and Oregon must not only be supplied with
means Of transport their passengers, mall treasure
and other reighis, but the Inhabitants OF Da1otah
Colorado, Utah, Idaho, and Montana will communI-
cate with the older States almost entirely by this
road II viii be the to all the great mining
district which is only waiting this ready means Of
communication to receive population that will de-
yelOp its vast mineral and other resources and which,
Of ITSELF would furnish ample business tor railway
line.
FARNINGs FROM WAY BUSINESS.
While the through businesl Of the Company will be
amply renunerative 1t Is still In the future but the
local business on the part road In operation has
been most satisfactory.
During the quarter ending July 81, an average OF
s9B iIes of the Union Pacdo Railroad was In opera