The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-09-30
AGO MILES OF THE
UNION PACIFIC RAILROAD,
Running West from Omaha Across
the Continent,

thO OOutkHcuL0
Are now completed, and II Is expected that the ro
manning miles to carry the track 20 the baso % ,t
Rocky Mountains will be finished early in oc,oro
Contracts have already been made for rook cr,t,nr.
beyond TO be done during the winter The wor- I.
pehg pusneu FORWARD with equal energy on the Cali
fornR end OF the route, under the direct,on n, th
Central Pacific Company, commencIne a. So"
mento, and It is confidently expected that the TOO
roads will meet In 1870 thus completing tho ant,,o
grand line connecting the Atlantic and Pacific
on which THIRTY-FIVE MILLION DoIIAps a.
cash have already been expended. From the liheraI
Governments aid, the wealth and energy OF the stocl
holders, and the ready market for the First MORTGAGE
Bonds there want funds for the most vigorous
prosecution OF the work, and It's early completion is as
certain as any frture business event can be-
NET EARNINGS OF THE UNION PACIFIC
RAILROAD.
During the quarter ending July S1st of the current
year, an average of 325 miles OF the Union Pacific
Railroad was In operation. The Superintendents
report shows the following result
EARNINGS.
Passengers sleo, 92s92
TeaSrs 5496!2Ss
l4l628
TTRnsportRiiOn ConIFacoTs Naisfiais 4ss loS% s5ss
hen.,",..."... 26,077pT
t,2O8oa8'S5
EXPENSES.
R1esr 81 frsc siSI 0sSSs
Engines, Cars shops, etc........ S6,9SiH
VSS Snu Ei S4976o
Tonuuctors' Engineers etc,............". 80 2g47S
NET EARNINes TO e........... . so7 50SSs
N2O8,OeS Is
From the relative high charges. the operating ex
penses of the road s2 per cent OF the earn.
ings, and the ratio would be less II the contrac
tors business were not done at half rates. Throwing
out charges to contractors for transportation of mate
rals and men s47s,2s341), and deductIng from the
aggregate OF all operating expenses 53os2 s2X
per cent 9576442) as the proportion chargeable on
the work done for contractors which was less than
actual cost, because OF the half price charged for It,
and we have the net operating expenses the com
mercial business for the quarter, t237 966'50 The
account for the commercial business stands ollows:
Earnings for May June, and 755'54
NNNPe"se0 .'''"'''''... IS1,y6S'bO
Net profits OF operating 325 miles of road
three S4s5 789A
The amount OF Bonds the Company can issue on
S26 miles, at $4,000 per mile is s52OOOOO Interest In
gold, three months, at per cent, on this sum- ia
HS,0OO add 40 per cent. premium, to correspond with
currency earnings, is $O9,2OOshowing that the net
earnings for this quarter were than four times e
interest on the First Mortgage Bonds length Of
road.
First Mortgage Bonds, whose interest is SO amply
provided for, and so thoroughly secured must By
classed among the safest Investments They pay
SIX PER GENT. IN GOLD.
And are offered for the present at NINETY
CENTS on The Dollar, and Accrued Interest
at Sir Per Cent. an Currency from July1.
Many parties are taking advantage of the present
high price OF Government stocks exchange for
these Bonds, which 10 per cent cheaper and
at the current rate OF premium on gold, pay
Over N ne Per Cent. Interest.
Subscriptions will be received in New York at the
Company's Office. No. 20 NASSAU Street, and by
CoNTlNENTAL NATIONAL BANK,
CLARK, DODGE & CO; CO. : BANk BBASiAH ERs street.
JOHN J. CISCO & so&, nE d BENKEkRSN!r MAkk Street p
No. SO WALL Street.
In Philadelphia,
THE TEArEsMEN's NATIONAL BANK
DE HAVEN d BROTHER.
WILLIAM PAINTER d CO.,
ToWNsEND WHELAN & CO..
J. E. LEWARS & CO.,
f. sTEEB.
In Wilmington, Delaware,
R. R. ROBINSON & CO.,
JOHN McLEAR d. SON.
And by BANKS AND BANKERS generally through
out the United States, of whom maps and descriptive
pamphlets may be obtained
JOHN !. CISCO, TREASURER,
NEW YORK.
August SO' 1867 930It
AGENCY OF TIE
Union Pacific Railroad Company.
OFFICE OF
DE HAVEN g. BROTHER,
NO. 40 SOUTH THIRD STREET,
PHILADELPHIA, September 20, 1897
We desire to ca attention to the difference In the