The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-07-02
Tne lnion paeinle RaiIroaa.

The telegraph has announced the
completion Of this road to Julcsburg,
376 miles from Omaha, and the Mater
ials are nearly oil on the ground to lay
the track to the base Of the Rocky
Mountains III miles rther-by Sep
TENDER next. This iiJeceriainly very
rapid work, but intelligent corresponds
ents say it is well done, and that the
road is well equipped; that its depots
and stations are OF brick and stone, and
It's locomotives aud cars Of the best
The &. S. Commissioners are also com
PEELED to testify that il is in all respects
Grst-class read before the Government
viii aceeptit The business Of this road
is already surprising. The thousands
Of teams that once spent q summer in
toiling over tho praiIles have transfer
red their loads to the rail-track, and by
autumn the locomotive viii be at the
base Of the Rocky Mountains. The cd
itor Of Hqpor's Weekly remarks that
"Nhon the Union Pacific Is completed,
all other lines Of railway viii become,
to a certain extent, its feeders. Along
its entire route over the great Plains
lateral branches viii be constructed,
which viii pour into it their way-side
contributions to an extent Chat can not
to-day be approximately estimated
Already with less than one-third ol
its length complete, it is earning sever
al times its operating expenses, as eff
cially stated. Such SUCCESS is without
precedent Whenit breaches the already
populons gold regions Of Mo,ana, Ida
BIO, and Nevada, tho freight to and from
those points alone il likely tobe almost
fabulous And population follows the
rood a It extends A town or village
marks each stage Of its progress Who
can calculate the quantitpof way freight
that tie road Is destined to carry for
these rising communities Who, in
deed can estimate the passenger traffic
alone When hundreds Of thousands
Of persons, with their faces towards Che
West have trampgd oyer tie Plains 1T
al tie risk o. their scalps, how many
peradyenturc viii ride, when they can
make the journey with safety in q few
days2 But a short time viii elapse be-
fore the demands Of trade viii cali for a
second track, to be used exclusively as
freight road, over which an endless
line % sl0wly-moying vans shall contn-
ually pass, leaving the other track for
the use Of impatient passengers only
Our readers viii perceive BY reference
TO The Company's advertisement, that
ii offers is First Mortgage Bonds pay
ing aix per cent. interest ii gold ID sub
seribefA, a. ninety cents N the dollar
These bonds are a Bra leia upon the
road, and asa limited il amount to $l6,-
600 "a the mile
The Company state theirnet earnings
for The month q May, whsle only go
miles II the soal were in operation 81
S28l,T um which. after dcaucting
operating expenses Is several times The
interest on taa bonds They are hy Law
permitted 70 issue upon il. Hthe aarn-
ing are 50 large upon the eag business,
what laay we ~, naby expect
When tAa connection Is male III 1870
uiil .ha Pacific Caats re can sec n
f9esa why the Firs, Aorgag. Bonds
~ sach road afe not a sis ug3y,
ina q + GAG IS pe cat cheaper tAau
Government bonds a. tie market rate.
enE;ions are alrea.ly large aud arc
rs lg barks aaa takera
ly throughout The country