The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-06-03

count the9value o., the right of way and
material, tho stock subscription al
ready paid in or to be paid in the fu-
tufe, or the present discount at:Which
the bonds are offered, as they are ex-
pected soon TO be at par. --,...,
sSChe- interest onSIhs bonds Il more
than provided tor by the net earnings
OF the various sections of the road, as
they are completed. On the sos miles
on which the cars are now running
west from Omaha, the receipts for the
firss two weeks In May were Sll3, 600;
and rs the road isextended toward the
great mining Oenters, the business in
freight and passengers constantly i'm
creases: and as there can be no compe-
tition from rival roads, the company
has full power 70 charge remunerative
prices. The price of freight by teams
from the Missouri river was formerly
twenty-five cents per pound ssor $500
per ton.
PROSPECTS, OF THE FUTURE BUSINESS.
1t needs no argument to show that
the traffic of the only railroad connect
ing the Atlantic and the Pacific, and
passing through the great mining re-
gion, must be Immense. t.s. ~. ~.
Although our annual product of the
precious metals Is now officially esti-
mated ut SI00, 100000 per aunum, a vast
ly greater sum will be obtained as soon
as the Union Pacific Railroad opens the
way to the golden regions of the Rocky
Mountains. Now, the difficulties and
cost OF communication are so great that
none butthe very richest veins can be
worked; but with cheap transportation,
hundreds of ofthousands ofhardy miners
will successfully develop other mines,
thai, with less costly working, viii be
even more profitable than the average
iofthose now in operation; and the busi-
ness of this constantly increasing min
ing interest must pass oVersthis road.
The records of our shipping offices
show that not less than $4,000 passeu-
gers now annually travel by sea be-
tween the AtlantiOpOrts and San Fran
cisco; and these reckoned at $50 each
(aboutl lRne-hRlf the steamer price,
would produce a revenue of s., 500, 900.
The overland travel is even greater.
In q single, year, 1900 leans, COM
prising vast mum ber Of femiErants and
travellers, odeparted from two points
only on the, Missuri River on their
'West tWafd Journey. II the truth of this
statement was not familiar to all from
Hersmenr IL might we'll be questioned.
Bat; ;estimating the overland through
travel at the same figures as that by
steamer, aud we have IL, ,OOO, 900 as the
minimum estimate on the same num-
ber of passengers. But the facilities
for cheap and rapid, transit Furnished
by railrOad always vastly increase the
amount of travel with the same popu-
lation. The difference between the
numbers who would take an ocean
'steamer0 aprairie wagon and mod
ern palace car, with its luxurious state
rooms where the traveller eats and sleeps
almost as comfortably as at home, may
be as great as the difference between
the numbers who were iolted over the
mountainsin an .old-fashioned stage
coach and those In an express train be-
tween any two great cities,
Then Is 1t not safe to say that this
through travel will be al once doubled
on the completion of the load In 1870,
ahdEWith the rapid increase of the Pa.
cific coast population in the next few
years, more than quadrupled2 Is it at
all deGtraYagant to assert that the
through passenger business during the
first year after the first train Of cars
runs from Omaha in Nebraska to Sacra-
mento, will be worth twenty-five mil
lion dOllaESf When to this we add half
as much more for its way passenger
business, and more than as much more
than both for its freights, expresses,
and malls, &c, are there not the best
reasons in the world for believing that
the Union Pacific Railroad. will be one
Of the most profitable as we'll as one OF
the grandest works ofmodern tlmes2
g. H .a