The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-06
TEE MEANS SUFFICIENT 70 BUILD
THE ROAD.


Contracts for the entire work of building 9i4 miles
of frstclass railroad west from Omaha com prsing
much of the most difficult mountain work, and en-
bracing every expense except surveying, have been
made with responsible parties (who have already
finished over 500 mlesl at the average rate ofsxty
eight thousand and iity-eigh dollars (s6s O55) per
mile. This price includes all necessary shops for
struction and repairs of cars depots stations and all
other incidental buildings, and also locomotive, pas
senger baggage and freight cars and other requisite
rolling stock to amount that shall not be less than
$5CCO per mile. Allowing the cost of the remaining
one hundred and eighty-six of the eleven hundred
miles assumed 10 be built by the Pacific Company to
be $4,000 per mile,
The Total Coat OF Eleven Hundred
Miles Will he 70 fOIlOwsi-
sl4 miles, at S6s, 2O5, ,Ol2
lS6 miles, at 900, $40 900
Add discounts on bonds, surveys etc...... 1900 900
AS Ol2
AS the United States Bonds are equal to money and
the Company's own First Mortgage Bonds have a
ready market, we have as the
Available Cash Resources for Building
Eleven Hundred Miles,
United States Bonds. 500 32s 900
First ortgsge 600
Capital Stock paid in the work now done 5s69 ESQ
Land Grant 4,0sOoOO acres, at sTO per 2lI2OOOO
Total.......""..."..... ,I4575O
The Company have ample facilities for supplying
deficiency that may arise In for construc-
tion. This may be done wholly In part by addi-
tlonRl subscriptions TO capital stock.
Active ipquiry 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 will not he available for some years come
they will remain very important source OF revenue
to the Company. The lands Of the Illinois Central
Ra Hoad Company selling at nom SO TO sI2 per
acre, and other andgrant companies in the west
receiving equal prices for similar properties,
FUTURE BUsINEss,
The most skeptcaI have never expressed doubt
that when the Union Pacific Railroad is finished, the
immense business that must flow It, as the only
railroad connecting the two grand divisions of the
North American continent viii be one of the wonders
of railway transportation; and as it Will have no
competitor It can always charge remuneratlve rates
The Pacific Mail Steamship Company, of New York.
is running regular line of its splendid steamers
between San francisco and China and Japan, which
is doubtless the pioneer of other lines that Will ira
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, shOrtnsss Of time decides the direction of
fIeights, and of these caRgoes will lind their
natural transit over the Union Pacific Railroad.
1t is quite within bounds 10 say that traffic will
be limited only by the capacity of the line and that
no other road Will find double track necessary.
California and Oregon must not only be supplied with
of transport for their passengers mail treasure,
and other freights but the inhabitants OF Dakotah,
Colorado, Utah, idaho, and Montana will communi-
cate with the older States almost entirely by this
road. II will be the avenue to all the great mining
district which is only waiting this ready means Of
communication to receive population that Will de
Velop mineral and other resources and which,
OF Itself would furnish ample business for railway
line.
PAINTINGS FROM WAY BUSINESS
While the through business Of the Company will be
empty remunerave 1t is still In the fpture' out the
local business part OF the road In operation has
been most satisfactory.
During the quarter ending July 81, an average or
s2s niles OF he Union PaolaO Railroad In opera