Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-11-14

SS5,145,T5o
Total,

The company have ample facilities forsup-
plying any deficiency that may arise in means
for construction. This may be done wholly or
in part by additional subscriptions to capital
stock. ~.
Active inquiry has already been made for
portion of these lands, and arrangements are
now proposed to offer part OF them for sale.
While their whole value win 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 Railroad Com
pany are selling at from So TO $la per acre, ana
other land grant companies in the West are re-
ceiyihg equal prices for sin liar properties. o.
Future BusNEss.-The most skeptical have
never expressed doubt that when the Union
Pacific Railroad is finished the immense bust
ness that must flow over 1t, as the only railroad
connecting the two grand divisions of the North
American continent, will be one of the wonders
Of railway transportation; and as 1t will have
no competitor II can always charge remunera-
tive rates. The Pacific Mail Steamship Com
pany Of New York is now running irregular
line of its splendid steamers bstween San Fran
eisco and China and Japan, which Is doubtless
the pioneer of other lines, that will traverse
the Pacific Ocean laden with the teas, spices
and other products Of Eastern Asia. Excepting
some very heavy or bulky articles, of conpara.
lively low values, shortness OF time decides the
direction Of freights and most Of these cargoes
will find their natural transit over, the Union
Pacific Railroad
1t is quite within bounds to say that its traffic
will be limited only by the capacity of the line,
and that no other road will find double track
go necessary. California and Oregon must not
only be supplied with means of transport for
its passengers, mail, treasure and other ireights,
but the inhabitants of Dakotah, Colorado, Utah,
Idaho and Montana will communicate with the
older states almost entirely by this road. II
will be The avenue to all the great mining dis
trict, which is only awaiting this ready means
of communication TO receive a population that
will develop its vast mineral and other re-
sources, and which of itself would furnish ample
IL, lima
EARNINGS FROM WAY BUsfNEss.-While the
through business of the Company will be amply
remunerative, it is still in the future, but the
local business on the part of the road in opera
tion has been most satisfactory. I'D
During the quart ter ending July 81, an average
of 325 miles OF the Union Pacific Railroad was
in operation. The SuperntendeDt's Report
shows the following result:
EARNINGS -f. ..r
Passengers, Freight, Telegraph and
Transportation of Contractors Ma.
terials and Men, q. VIA s Az 2S3 Al
Total, ass4 -a %. -g5 s1,as,O38 o5
rs ..a.a EXPENsEs. - - .su
Trains! &c, rsr 1886 $50 %
Net Earnings TO balance O7,50S 03
Total, Sl,2O3,OS8 90
The net operating expenses on the CONNER
cial business for the quarter were S231 $50 80.
The account for the Commercial business stands
as follows: ... -
Earnings for May, June and July, s728, 755 81
Expenses " :" 237, 986 SO
Net Profit siS5,7 ss o.
The amount OF Bonds the Company can issue
on s75 miles, ~ $4,000 per mile, s S., 100 COO.
Interest IN gold, three mon tbs at 6per cent, on
this ruin, S1s 00; add 40 per cent. premium,
to coIres pond with currency earnings, is Slg9,-
2Os- showing that the net earnings for this
quarter were more than four times the In terest
on the Fhst Mortaage BONDS ON this length u
road.
First Mortgage Bonds, whose principal IL go
amply provided for, aud whose interest Is so
thoroughly secured, must be classed among the
eaiest investments. They pay rix per cent. in
gold, and are offered for the prtseI at Ninety
cents on the dollar, and accrued interest at Fix
per cent. in currency from July l. .--. 81
Many parties are taking advantage OF the
present high price of Government Stocks TO ex-
change for these Bonds, which are over Fifteen
per cent cheaper, and, at the current rate OF
premium on gold pay over nine per cent. inter
est.
Subscriptions will be received in Rutland by
q. ". lowell, Cashier National Bank of knt-
land; HENRY =. FIELD, Cashier Hutand
County National Bank, and In New York at The
~ H-s So o. .-