Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1867-07-04
THE UNION PACIFIC RAIL
ROAD.
316 Miles open for Travel-tO
Julcsburg.

The telegraph has announced the COM
pltrion of this road o'JulesBurg, $40 miles
| from Omaha, and tile materials are nearly
all ON the ground to lay the traeS to the
base of the Rocky s,ouutains-Iif miles
furthcr-by September. This IS certainly
very rapid work. bu intelligent corJesponc
dents say il is well done, and that the road
is well equipped; tina: its depts and stations
arc of brick and Stone, ard its locomotives
an,t cars arc Of the l,e.s Tlse U. S. Com
missioners are also compelled To- testify
that it Is in al, respects a first-eisss 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 toiliay over the pvaiFits have
transferred their loads to- the rail track,
and by autumn tire locomotive win Be at
the base of tha Rocky 1foun<ains. The
Editor Of Hur)rcr's Weekly remarks that
when the Union Pacific IL completed, al
other Encs of railway viii become, To- a
.ceriais extent, its feeders. Along its entire
route over the great Plains lateral branches
will bs con struc:ed, which will pour into
it their way side contributions to an extent
that C lnnot to day be approximately esti-
mated
Already, with less than. upe-flard OF IFS
length complete, it is canning scveraS times
its operating expenses, ~ officially sisted.
Such success is without precedent. When
Il rcachesthe already populous goldregiOss
81 Monlsna, Idaho, and Nevada, the freight
to and from these points alone is likely TO
be almost fabulous. And population fol-
lows the road as it extends. A town ~
village marks each stage Of its progress.
Who car calculate the quantity of way
freight that the road is destined to carry
sprthrsc rising communities Who indeed,
eas estimate the passenger traffic alone?
When hundreds of thousands of persons.
will, their frccs toward the west have
,rsnpevl over yle Plsins at the risk q their
,calp-, how mapy perad sentuse will ride,
when they can mike the journey in safety
In q lew GAYS. Dut VIII
before tlfc demautis of trade will call for a
second trsck, tn be used exclusively as a
freight road. over which an endless line Of
slowly moving vans shall continually pass,
leaving tho other track for the use of i'm
potent passengers only"
Our naders Will perceive by reference
to tho Company advertisement, that it
offers its First Mortgage Bonds, paying
six per cert. interest in gold to subscribers.
at ninety crlts on the dollar. These
bonds area first lien upon the road, and
are limited la amount TO $4,000 TO the
mile.
The company state their mi earnings for
the month Of May, while only 2?O miles Of
the rosd were IN operation, at S26l. 9S2-a
sum which. after deducfing operating ex-
penses, is several tincs the iDserest on tire
bonds they are By law permitted 30 issue
upon it. Ii the earnings are 80 large upon
the Udy business, what may not rcasona-
bly, expect whes the connection IS made in
! $40 with the Pacific Coast? We can see
no reason why the First Mortgage Bonds OF
such road are not a safe security, and
| TREY ar,- 10 per cent cheaper than Gov
ernmenc Bonds vt the market rate. Sub
scrip,ions are already large. and are re-
ceived by banks and bankers generally
throughout tho country.