The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1867-07-06
The Union Pacific Railroad.

37G MILES OPEN FOR TRAvEL-To JULEsBURG.
The telegraph has announced the compile
tan of this road to Julesburg, 37G miles
from Omaha, and the materials are nearly
all on the ground to lay the track to the base
of the Rocky Mountains-l4l miles further
by September next. This is certainly very
rapid work, but intelligent correspondents
say it is well done, and that the road is well
equipped; that its depots and stations are
of brick and stone, and its locomotives and
cars of the best. The us. Commissioners
are also compelled to testify that it is in all
respects a first class road before the Govern
ment will accept it, The business of. this
road is already surprising. The thousands
of teams that once spent summer in toll,
ing over the prairies have transferred their
loads to the railtrack, and by autumn the
locomotive will be at the base of the Rocky
Mountains. The Editor of Hdrper's Weekly
remarks that when the Union Pacific is
completed, all other lines of railway will he
come, to a certain extent, its feeders. Along
its entire route over the great Plains lateral
branches will be constructed, which will
pour into it their way.side contributions to
an extent that cannot to-day be approx
mately estimated.
Already with less than onethrd Of its length COM
plee it is earning several times It's operating EXPENSES
officially stated. Such success is without precedent
When il reaches the already pupuous gold regions Of
Muntann ia!o, and Nevada, the freight to and from
those points alone likely to he almost fabulous Aud
DDl tIDu a vW
village marks each Stage Of its progress Who can
calculate the quantity oi way freight that the road is
destined To carry for these rising communities Who,
indeed cn estimate the passenger traffic alohrf When
hundreds u thousands vi PERSONS with their faces tr
ward the West have tramped over the Plains at the
risk Of their ac:'lps, no" many peradsennrc Will ride
when they can make the journey with safety IN few
days? But short time will elapse before tho demands
VI trade viii call for second track 10 lie used eSciu
sivciy freight road, which endless line o
slowly moving shall continuously pass leaving the
other track for tho use Of impatient passengers only
Our readers will perceive by reference to
the Company's advertisement, that it offers
its First Mortgage Bonds, paying six per
cent. interest in gold to subscribers, at ninety
| cents on the dollar. These bonds are IL first
lien 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 300 miles of
| road were in operation, at !S2Gl ,782-a sum
which, after deducting operating 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 ,oay
business, what may we hot reasonably ex.
pect when the connection s made in 1870
with the Pacific Coast2 We can see no
reason why the First Mortgage Bonds of
such a road are not a safe security, and they
are Is per cent. cheaper than Government
| bonds at the market rate. Subscri ptions
are already large, and are received by banks
and bankers generally throughout the coun
| try.