The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-01
THE MEANS SUFFICIENT TO BUILD
TIE Road.

Contracts for the entire work building 94 miles
of firstclass railroad from Omaha comprising
much of the most difficult mountain work, and en-
bracing every expense except surveying, have been
made with responsible parties (who have already
finished 500 mnesl at the average rate ofsixty.
eight Thousand and fity-eght dollars (s6S,O5s) per
mile. This price includes all necessary shops for con-
struction and repairs OF cars depos 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
$4,000 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 $780, 900 per mile,
The Total Cost OF Eleven Hundred
Miles Will be follows
9l4 miles, at s6s Ol2
ls6 miles, at $780, l6,74000
Add discounts on bonds, surveys, etc....- $500 900
$50, AS Ol2
AS the United States Bonds equal omoney, and
the COmpany's own First Mortgage Bonds have a
ready market, we have as the
Available Cash Resources for Building
Eleven Hundred Miles,
Unlted states Bonds'' 600
First ortgage 20 900
Capital Stock paid In ON the work DONE 536S75l
Land Grant, 4OSOOOO acres at SSO per acre. 2i2OOO1
Total""................ ..,.....".....Ss5 ,I4575O
The Company have ample facilities for supplying
deficiency that may arise In means for cOnstruc
tion This may be done wholly or in part by addl-
tionRl subscriptions TO capital stock.
Active Inquiry has already been made for portion
Of these lands, and arrangements now proposed
to offer part of them for sale. While their whole
value will not be available for some years TO come
they will remain very important source OF revenue
to the Company. The lands of the Illinois Central
Ra lroad Company are selling at from So 10 t2 per
acre. and other landgrant companies in the Vest are
receiving equal prices for similar properties.
FUTURE BUSINESS.
The most skeptIcal have never expressed a doubt
that when the Union Pacific Railroad is finished, the
immense business that must iow over 1t, as the only
railroad connecting the two grand divisions of the
North American continent will be of the wonders
OF railway transportation and as 1t Will have no
competitor, it always charge remuneratiVe rates
The Pacific Mail Steamship Company, OF New York,
Il running regular line OF its splendid steamers
between San Francisco and China and Japan, which
s 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, shortness of time decides the direction of
fTe ghts and most of these cargoes will find their
natural transit over the Union Pacific Railroad.
1t is quite within bounds to say that It's 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
means Of transport for their passengers mall 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
,ad. 1t will be the to all the great mining
district, which Is only waiting this ready means or
communication TO receive population that VIII 10
VelOp mineral and other resources 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 remuneratiVe II still In the future, but the
local business on the part OF she road In operation has
been most sRtisfaotory'
Daring the quarter ending July 81. an average OF
sQS mes OF the Union Paclhc Railroad wAs in opera.