Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1867-07-05
The Union Pacific Railroad.

376 Miles open for Trdpel-to Jules
burg. ''' o-' on on, /
The telegraph has announced the
completion of this road to JnleSburg'
376 miles from Omaha, and the mate
rails are nearly all on the ground to
Law the track to the base of the Rocky
Mountains-14l mil es further-by |
September next. This is certainly |
very rapid work, but intelligent cor
respondents say it is well done, and
that the road is we'll equipped; that
It's depots and stations are of brick
and stone, and its locomotives and cars
Uf the best. The q. S. Commission
ers are also compelled to testify that
it is in all respects first class road
before the government will accept it,
The.business of this road is already
surprising. The thousands of teams
that once spent a summer in toiling
over the prairies have transferred their
loads to the rail track, and by autumn
the locomotive will be at the base OF
The Rocky Mountains. The editor OF
Hayper's Weekly remarks that "when
the Union Pacific is completed, all
other lines of railway will become, to
a certain extent, its feeders. Along
it's entire route over the great Plains
lateral branches will be constructed,
which will pour into it their wayside
contributions to an extent that cannot
to day be approximately estimated.
Already, with less than one third
Of it's length complete, it is earning
several times its operating expenses,
as officially stated. Such success is
without precedent, When it reaches
the already populous gold regions Of
Montana, Idaho, and Nevada, the
freight to and from those points alone
is likely to be almost fabulous. And
population follows the road as it ex
tends. A town or Village marks each
stage Of its progress. Who can cal
culate the quantity of way freight that
the road is destined to carry for these
rising communities? Who, indeed
can estimate the passenger traffic
alone? When hundreds of thousands
Of persons, with their faces TOWARD
the west, have tramped over the plains
at the risk of their scalps, how man,
peradventure will ride, when they Cal
make the journey with safety in a fey
days? But a short time will elaps
before the demands of trade will cal
for second track, to be used eXclU
sively as freight road, over which a
endless line of slowly moving van
shall continuously pass, leaving tn
other track for the use of impatien
passengers only"
Our readers will perceive by refel
ence to the Companys advertisement
that it offers its First Mortgage Bond
paying six per cent. interest in gol
to subscribers, at ninety cents on til
dollar. These bonds are first lie
upon the road, and are limited in an
cunt to $4,000 to mile.
The Company state their net ear
iugs for the month of May, while on.
900 miles of the road were in oper
lion, at 1851, 7S2-a sum which, aft
deducting operating expenses, is Sc
eral times the interest on the bon
they are by law permitted to issue
on it. If the earnings are SO large L
on the WAY business, what may we n
reasonably expect when the come
ton is made in 1870 to the Paci
Coast? We can see no reason W
the First Mortgage Bonds of such
road are not safe security, and tn
are Is per cent. cheaper than Cove
ment bonds at the market rate. 81
scriptions are already large, and {
received by banks and bankers gen
ally throughout the country. ..5