The New York herald., 1867-10-30
MIscELIAyEOus.
500 MlLEs OF TIE
" UNION PACIFIC RAILROAD.

UNION PACIFIC RAILROAD.
RUNNING WEST FROM OMAHA ACROSS THE cox !.
NEST
ARE NOW COMPLETED
The Union Paciac Railroad Company have butt
line OF railroad in the last eighteen months than
built BY any other company the time, aad ~ si
continue the work with the energy unin!i On
pleed The Western Division is being pushed rapie St
ward from Sacramento by the Central Pacific Con o.
California. and 1t is expected that
THE ENTIRE GRAND LINE
the Pacific win be open 1870. 'c- 10
one-third of the work has already been done;
one-thIrd of the whole line is now RUNNING nd
aborers employed upon II thanesr re-
More than
FORTY MILLION DOLLARS IN NONE
have already been expended by powerful comp.
that have undertaken the enterprise. and there
of funds for its vigorous prosecution. WI
United States government found Il necessary to
construction OF the Union Pacific Railroad to devec
protect interests it gave the companies
to build 1T such ample aid should render Its speedy
ple.ion beyond doubt The available OF the u
Pacific Railroad Company derived from the govern
its own stockholders may be briefly summed u.
I.-UNIrED STATES BONDS.
having thirty years to bearing per
rency interest at the rate Of $4,000 per mile for
the Plains; then at the Of s4oo per 80
miles through the Rocky Mountains then at the rate Of
$4,000 mile for the remaining distance for which the
United States takes second lien as security.
n.-1rs OWN FIRST MORTGAGE BONDS.
By its charter the Company permitted
hrst mortgage bonds the amount as the bonds
issued by the government. and no more and only as the
road progresses
In-THE LAND GRANT.
The Union Pacific Railroad Company has land grant or
absolute lsoo acres to tho
mile which be 81 50 per acre at
lowest valuation.
U-THE CAPITAL STOCK
The authorized capital the Union Pacific Railroad
paid on the work already done
THE MEANS SUFFICIENT TO BUILD THE ROAD.
Contracts for entire work Of building sN miles Of
nrst class railroad west omaha comprising much Of
the most difficult mountain and embracing every
pense except surveying rsspoaslbe
parties (who have already finished 500 mss) At the
average rate Of sxyeght thousand and nyesh dollars
(SssO5s per me This price includes al shops
for construction and repairs depo stations and all
other incidental buildings also locomotives passenger.
an amount that shall less than 5000 mile.
Allowing tho cos. of the remaining eighty
six OF the eleven hundred miles assumed to be built by tho
Pacific Company to be $4,000 per mile.
THE TOTAL COST OF ELEVEN HUNDRED NILES
WILL BE AS FOLLOWS
ell miles .a Sss ose ..ses3 36 0S
Ada discount: on bonds surveys IiOSOOo
Amount sSssl llHOi3
As United States bonds equal TO and tAs
companys First Mortgage Bonds have ready market.
we have the
AVAILABLE CASH REsoURcEs FOR BUILDING
ELEVEN HUNDRED MILES,
United States Bonds. 80 $1,000
CAPITAL socf p.iS in on the work now don: SSySO
Land Grant, II 0so Ooo at 81 0 AiD00e
Total...
The company have ample facilities for supplying any
deficiency that may This
may Be done wholly part BY additional subscriptions
FUTURE BUSINESS.
The most stepcal have never expressed doubt that
when the Union Pacific Railroad n finished the immense
business that COW T. the only railroad
meeting grand the North American
nsnt win be ono Of the wonders Of railway
and. win have competitor always charge
munerativs rates.
NET EARNINGS PROM WAY BUSINESS
while the through business Of the Company viii be amply
remunerave IT st in The future but the local business
on the part Of the road operation sasac-
tory.
During the quarter ending July - average Of s2s mia
Of the Union and Pacific Railroad was in operation The
superntendents Report shows the following result
EARNINGs
PASSENGER. Freight, Tsssr.pa md M:,l: s77S -
Men. 4sx3 II
Total ,2os 0ss 80
EXPENSES
Fuel Repairs omces, Conductors Trains &c. ssaAS1 y
Net Earnings 70 balance W,o06 70
Total 70
The net operating expenses the commercial business
for the quarter sx37s6e Co. The for tho
COMMERCIAL BUSINESS stands A. follows
Earnings for May. June and July. szn7n s.
Expenses Nay, june and 23 a66 50
Net Pront.. .sSSs 7so W
The OF the Company issue s2s miles.
Al $4,000 per mile h Ss2ooooo Interest gold three