The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-07-01
, CIFYC RAILROAD.


- Travel To JaIssburg,
las announced the completion
lles burg, 376 miles from Omaha
t,als are nearly all on the ground
track TO the base of the Rocky Noun
'-lE III miles turther-by september next
This Is certainly very rapid work, but Intelli-
gent correspondence say IT is we'll done, and that
the road Is well Equipped; Its depots and sta
tions are of brick and stone, and its locomo-
tives and cars of the best. The United States
commissioners are also compelled TO testify that
It Is in all respects frstclass road. before the
Government will accept it. The business of this
road Is already surprising. The thousands of
teams that once spent summer in tolling over
the praires have transferred their loads to the
rail-track, and by autumn the locomotive will be
at the base OF the Rocky Mountains The Edl
tor OF H0fper's Weekly remarks that, "When
the Union Pacific is completed all other lines of
railway will become, to a certain extent its feed
ers. Along its entire route over the great Plains
lateral branches VIII be constructed, which will
pour into It their wayside contributions to an
extent that cannot to-day be approximately
Already, with less than one-third of its
length complete, 1t is earning several times its
operating expenses as officially stated. Such
success Is without precedent. When 1t reaches
the already populous gold regions of Montana,
Idaho, and Nevada, the freight to and from
those points alone is likely to be almost fabu-
Ious. And population follows the road as it
extends. town or village marks each stage
OF its progress. Who can calculate the quantity
Of way freight that the road is destined TO carry
for these rising communities Who, indeed
car estimate the passenger traffic aloney When
hundreds of thousands of persons, with their
faces towards the West have tramped over the
Plains at the risk OF their scalps, how many
peIsdventure will ride, when they can make the
journey with safety in few days2 But short
time will elapse before the demands of trade
will call for a second track, to be used exclu-
slvely as freight road, over which an endless
line of slowly moving vans shall continu-
ously pass, leaving the other track for the use
OF impatient passengers only"
Our readers will perceive by reference to the
COmpany's advertisement, that il offers its First
Mortgage Bonds, paying 6 per cent interest in
gold to subscribers, at ninety cents on the dol
lar. These bonds are first hen upon the road,
and are limited in amount to $4,000 to the
mile,
The Company state their net earnings for the
month Of May, while only two hundred and
ninety miles Of the road were in operation, at
1921, 782-a sum which, after deducting ope-
rating expenses, is several times the interest on
the bonds they are by law permitted to issue
upon It.. If the earnings are SO large upon the
aCdy business, what may we not reasonably eX-
pect when the connection is made in 1870 with
the Pacific Coast? We can see no reason why
the First Mortgage Bonds of such a road are not
a sale security and they are 10 per cent. cheaper
than Government bonds at the market rate.
Subscriptions are already large, and are received
by banks and bankers generally throughout the
country,