Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-07-05
The Union Pacific Railroad.
a7S MILES orEN FOR TRAvRL-to JULIE;


a7H MILES orEN FOR TRAvRL-to JULES
BURG.
The telegraph has announced the COM
pletion of this road to Julesburg. 3I6 miles
from Omaha. and the materials are nearly
all ON The ground to lay the track 10 the
h,s,. of the Rocky Mountains miles
ftulher-hy September next. This Is GER
toinly very rapid work. but intelligent cor
respondents say it is well done, and that
the road is well EQUIPPED; that It's depots
and stations are of brick and stone, ana
locomotives and cars Of tile best. ne Y
5. Commissioners are also conlpciieu 10
testify that it is IL all respects first class
road before the Government Will accept IL
The business ofthis road is already surprl =
inc. The thousands ofteams that once
spent a summer in toiling over the praili les
have transferred their loads to the rail-tiack
and by autumn The locomotive will be at
the base of the Rocky Mountains. The Ed
itor of Hurper's Weekly remarks that
.swhen the Union Pacific is completed. all
other lines of railway will become, to GER
tain extent, its feeders. Along its en-
tire route over the great Plains lateral
branches will be constructed which will
pour ito their way-side contributions to
an extent that cannot to-day be approXi-
natcly estimated
ALREADY, with less than onc-thrd 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 Ie-
n;nns of Montana. Idaho. and Nevada. the
freight to and from those points alone is like
IL to be almost fabulous. And population
follows the road AS it extends. \ town OIL
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. indie
can estimate the passenger traffic a!one:-
When hundreds of thousands of persons
with their faces toward the West, have
trampcd over The Plains at the risk of theil
scalps. how many peradventure will ride
when they can make the journey with safe.
tv in a few days? But short time will
elapse before the demands oftrade will call
for second track. to be used exclusively
as a freight road. over which an endless
line of slowly moving vans shall continuous
" pass. leaving the other track for the use
OF impatient passengers only
Our readers will perceive by reference to
the Companys advertisement, that it offers
| its First Mortage Bonds. paying six pc: cent
| interest Ia god to subscribers. at ninety
| cents OH the dollar. These bonds are !;
drst lien upon the road, and are limited in
amount to $4,000 to the mile.
| The Company state their net earnings for
the month of May. while only 200 miles OF
road were in operation, at S2Gl. 1s2-a sum
which. after deducting operating eXpcn
scs. is several times the interest on tht
bonds they are by law permitted to ISSUE
upon it. II the earnings are so large upon
the icay business, what may we not reas on
| ably expect when the connection is made
IN iS70 with the Pacific Coast? We can
see no reason why the First Mortgage
! Bonds of such a road are not NE secur
ty, and they are 10 per cent cheaper thar
| Government bonds at the market rate
Subscriptions are already large, and ar,
received by banks and bankers generally
throughout the country.