The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-04
THE MEANS SUFFYCIENT TO BUILD
THE ROAD

Contracts for the entire work of building 9i4 miles
of hrstclass railroad west rrom Omaha comprising
much Of the most fficult mountain work, and em-
bracing every expense except surveying, have been
made with responsible parties (who have already
finished 500 muesl at the average rate ofsxty.
eight tn usand and fityeght dollars 1868 O5s) per
mile This price includes all necessary chops for
sTucton 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
$5COO per mile. Allowing the of the remaining
one hundred and eighty-six of the eleven hundred
miles assumed TO be built by the Pacific Com pany 10
be $4,000 per mile,
The Total cost OF Eleven Hundred
Miles VIII DO fOllOws;-
9l4 miles, at s6s ,20S0l2
Add discounts bonds, surveys etc........ 45OOOOO
s83,445OI2
AS the United states Bonds equal to money, and
the Company's First Mortgage Bonds have a
ready market, we have as the
Available Cash Resources for Building
Eleven Hundred Miles;-
Olteu e'a's
First MOrtgsge 1923 600
Capital Stock paid in on the work done. 5S8075O
Land Grant, 4Os0o0O acres, at sl0 per acre. 2tl2OOO)
,l4575O
The Compar have ample facilities for supplying
any deficiency that may arise In means for consruc
tion. This may be done wholly or In part by addl-
tonal subscriptions to capital stock.
Active lrquiTy has already been made for portion
Of these lands, and arrangemen are now proposed
to offer part of them for sale. While their whole
vElue win not be available for some years 20 come
they will remain very important source of revenue
to the Company. The lands of the Illinois Central
Ra lroad Company are selling at nom Sc TO s12 per
acre. and other landgrant companies In the West
receiving equal prices for similar properties
FUTURE BUSINESS.
Tt,a
that when the Union Pacific Railroad is finished, the
immense business that must flow It, the only
railroad connecting the two grand divisions of the
North American continent viii be of the wonders
of railway transportation; and as 1t VIII have no
competitor, It always charge remunerative 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 bulky articles of comparatively low
values, shortness Of time decides the direction Of
freghts and most Of these cargoes will find their
natural transit over the Union Pacific Railroad.
1t quite within bounds say that les traffic will
be limited only by the capacity OF the line, and that
other road will lind double track necessary.
! Ifo mia and Oregon must not only be supplied with
Of transport for their passengers, mall treasure
| and other freghts but the Inhabitants OF Dakotah,
| Colorado Utah, Idaho, and Montana will communi.
cate with the older States almost entirely by this
road. IL will be the avenue 70 all the great mining
district which Is only waiting this ready means OF
communication TO receive population that will de-
veop ats vast mineral and other and which,
OF ITSELF would furnish ample business for railway
| line
EARNINGS FROM WAY BUSINESS.
While the through business Of the Company will be
amply reHauneraive It is still in the uture but the
local business on the part road In operation has
| been most satisfactory.
During the quarter ending July 81, an average Of
Sas miles Of the Union Pacific Railroad was In opera