Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1867-07-05
THE UNION PACIFIC RAILROAD.
$40 miles open for traveI--,O JuIesbure

37G miles open for trayel--tO Julesburg.
The telegraph has announced the completion
Of this road to Julesburg. SO miles from Oms-
ha, and the materials are nearly all on the
ground to lay the track to the base ofthe Rocky
Mountains-lil 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 de-
pots and stations are Of brick and stone, and Its
locomotives and cars Of the best. The L. S.
Commissioners are also compelled to testify that
it is IL all respects frst-class road before the
Government will accept it. The business ofthis
road is already surprising. The thousands Of
teams that once spent summer in toiling over
the prairies have transferred their loads to the
ral-track, and by autumn the locomotive will
be at the base Of the Rocky Mountains. The
Editor of the Harper's U'eetly remarks:
" When the Union Pacific is completed. all
other lines Of railway will become, 10 a certain
extent, its feeders, Along its entire route over
the great Plains latert. branches Will be con-
structed, which will pour into it their vay-side
contributions to an extent that can not to-day
be approximately estimated
q" Already, with less than one-third Of its
length completed, it is earning several times its
operating expenses, as officially stated Such
success is without precedent When it reaches
the already popul0us gold regions OF Montana.
Idaho, and Nevada, the freight TO and from
those points alone Is likely to be almost fab
ulous. And population follows the road as II
L A - l. 3
its progress. Who can calculate 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 trsmpel over tie
Plains at the rick Of their scslps, how many per-
adventure Will ride, when they can make the
journey with safety in a few days But short
time will elapse before the demands Of trade will
call for a second track, 10 be used exclusively as
a freight road, over which an endless line Of
slowly-moying vans shall continuously pass,
leaving the other track for the use OF impatient
passengers only
Our readers Will perceive by reference to the
Companys advertisement, that il offers its
First Mortgage 3 nds, paying tx per cent III
terest in gold to subscribers, at ninety cents On
the dollar These bonds are a first lien upon
the road, and are limited IN amount to SIC, 900
to the mile
The Company state their net earnings for the
month Of May, while only 800 miles Of road
were in operation, sol, 7S2-a sum which.
after deducting operating expenses, isl several
times the interest on the bonds they are by law
permitted 10 issue upon II Ii the earnings are
so large upon the iray bushes, what may we
not reasonably expect 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 safe security, and they are
- per cent cheaper than Government bonds at
the market rate. Subscriptions are already
large, and are received by banks aud bankers
generally throughout the country.