Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1867-07-05
The Union Pacific Railroads.&c.
Miles open for Travel-tO Jules
burg.


The telegraph has announced the COM
/ pIetion of this road to Julesburg, 376
miles from Omaha, and the materials
are nearly all on the ground &c lay the
/ track to the base of the Rocky Noun
/ tains-I4l miles further-by Septem Der
next. This is certainly very rapid work,
/ but intelligent correspondents say it is
well done, and that the road is well
I equipped; that its depOts and stations
are Of brick and stone, and its IOcOmO-
| tiYes and cars Of the best. The U. 5.
! Commissioners are also compelled to
/ testify that it is in all. respects a first
| class road before the Government will
/ accept it. The business of this road is
| already surprising. THE thousands of
| teams that once spent a summer in toll
| ing over the prairies have transferred
| their loads to the rail-traclz, and by au-
/ of the Rocky Mountains. The editor of
/ Harper's Weekly remarks that 'When
the Union Pacific is completed, all other
/ lines of railway will become, to q certain
| extent, its feeders. Along its entire
route over the great Plains lateral
/ branches viii be constructed, which
| viii pour into into it their Way-sice con-
| tributions to an extent that cannot to-
| day be approximately estimated
ALREADY, with less than one-thiId of
| its length complete, 1t is earning several
times its operating expenses, as official
D
/ edent. When it reaches the already
popuIOus gold regions Of Montana, Ida
no and Nevada, the freight to and from
those points alone is likely to be almost
fabulous. And population follows the
road as it extends. A town or village
marks each stage Ofits progress. Who
can calculate the quantity OF way freight
I that the 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 toward the
West, have tramped over the Plains at
the risk of their scalps, how many per-
adventure will ride, when they can
make the journey with safety in a few
days? But q short time viii elapse be
fore the demands Of trade will call for
second track, to be used exclusively as
a freight road, over which an endless
line of slOWly-mOYing vans shall con-
tinuOusly pass, leaving the other track
for the use of impatient passengers
only"
Our readers will perceive by reference
to the COmpany's advertisement, that 1t
offers its First Mortgage Bonds, paying
six per cent. interest in gold to sub
scribers, at ninety cents on the dollar
These bonds are a first lien upon the
road, and are limited in amount to Sl6,
600 to the mile
The Company state their net earnings
for the month of May, while only 290
miles of road were in operation, at $26I,-
7S2-a sum which, after deducting op-
Grating expenses, is several times the in
teres ton the bonds they are by law per-
mitedtO issue upon it. If the earnings are
so large upon the aUGy business, what may
wenot reasonably expect when the con-
nection is made iu 1870 with the Pacific
Coast We can see no reason why the
First Mortgage Bonds of such a road are
not safe security, and they are Is per
OH
at the marke5 rate. Subscriptions are
already large, and are received by banks
and bankers generally throughout the
country.