The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1867-06-12
sAS ASE4LANI, OHIO WEDNESDAY, JUNE 12, 1867.

:, NO. 81 ,
equal 10 those issued by toe Government.
3-THE LAND GRAFT While this {
Is certainly muniRcent, at the same time |
tits most advantageous to the Govern
mens for without it, all its own lands
would remain almost worthless. 1t is a
donation of every alternate section for 20
miles on each side of the road, ar l2,SO0
acres per mile. aud -amauhts to 20, ,0s2
900 acres. assuming the distance from
Omaha to the California State line to be
1865 miles Much Of this land, especi-
ally IN the Valley Of the Great Platte, is
q rich alluvium, and is considered equal
to any in the world for agricultural pur.
poses. Hon. e. D. Mansfield, the learn.
ed Commissioner Of Statistics for the
State Of Ohio, estimates that at least
100000 acres will be available to the
Company within moderate length of
time, and that it is far within bounds to
estimate this entire grant at 81 so per
acre, or S30,000,00O. The Illinois Cen.
trail has realized more than four times
this sum from similar grant.
REHABILITATION OF MEANS |
FOR 65-MILES.
U. S.BOnds, equal to money s44, ,2OS,
900. ~
First Mortgage Bonds 44,2OS
900. t..,r
acres, say sO,OOO,-
. S11S,416,000
-equalto cost of nearly $4,000 per
mile, which is believed to be liberal es-
innate. Thisdoes lot take into The account
the value Of the right Of way and mate
rial, the stock subscription already paid
in or to be paid in the.future, or at tho
present discount at which the bonds are
urerea, as they are expected soon to be
at par. :,--- .I.-
The interest on the bonds is more than
provided for the net earnings Of the yari'
Gus sections Of the road, as they are COM
pleted. On the 305 miles on which the
cars are now running west from Omaha,
the re2eipts for the first two weeks in
Nay were $4,000 and as the road is
extended towards the great mining cen.
tiers, the business in freight and passen
gers constantly increaSes-and as there
can be no competition from rival roads,
the Company has full power TO charge
renumerative prices.*
PROSPECTS FOB FUTURE BUSI-
NESS.
1t needs no argument to show that the
traffic of the only railroad connecting the
Atlantic and tho Pacific, and passing
through the great mining region, must
be immense.
Although our annual product Of the
precious metals is now officially estimated
500, 100000 per annum, vastly great
er sum will bo obtained as soon as thu
Union Pacific Railroad opens the way t.
the golden regions of the Rocky Noun
tains. Now, the difficulties and cost o
communication are SO great, that non
but the very richest veins can be worked
but with cheap transportation, hundred
Of thousands Of hardy miners will sue
D cessfully develop other mines, that, will
D less costly working, Rill be even NOR,
$ profitable than the average of those nov
$ in operation; and the business Of thi
4 constantly increasing, mining intereS
o must pass over this road.
The records Of our shipping Office
r show that not less than $4,000 passcn
!, gers now annually travel by sea betwce
0 the Atlantic ports and San Francisco
i and these reckoned at $3.50 each (abou
q one half the steamer price, would pre-
: ducc a revenue of S7,5OO,0Oo.
f The overland travel is even greater
% In single year, t,centy-Sepen thoasan
l. teams, comprising vast number Of EN-
y grants aud travellers, departed from tw
j. points only on the Missouri River o
% their westward journey, If tho trut
10 Of this statement was not familiar to o
> trontier's.men, it might be we'll question
: ed. But estimating the overland throue
T. travel at the same figures as that b
1t steamer, and we have sl5,0OO,OOO ,
le the midimum estimate on the same nun
! ber Of passengers. But the facilities i
70 cheap and rapid transit furnished BY raj
g. road always vastly increases the amour
Of travel with the same population, II
= difference between the numbers wi
y would take an, ocean steamer or prair
10 wagon and modern palace car, with
ID luxurious state.rooms, where the travel
y eats and sleeps almost as comfortably
u. "A hn.,ao 49,. l.. y. ..AaL -. ~. liz