The Evansville journal., 1867-07-04
THE UNION PACIFIC RALLRoAD.
$40 Miles Open for TraYel-to
JuIesburg.

The telegraph has announced the
completion Of the road to Juiesburg,
376 miles from Omaha, and the ma
terials are nearly all on the ground to
lay the track to the base of the
Rocky Mountains-141 miles further
by September next. This is certainly
very rapid work. but intelligent cor
respondents say it is we'll 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 q. S. Commissioners
are also compelled to testify that it is
In all respects frst-class road before
the Government will accept it. The
business of this road is already sur
prising. The thousands Of teams that
once spent summer In toiiing over
the prairies have transferred their
loads to the rail-track, and by au-
tumn the locomotive will be at the
base of the Rocky Mountains. The
Editor of Harpers Weekly remarks
that when the Union Pacific is COM
pleted, all other lines of railway will
become, to certain extent, It's feed
ers. Along its entire route over the
great Plains lateral branches will be
constructed, which will pour into their
way-side contributions to an extent
that cannot to- day be approximately
estimated.
Already, with less than one third
of its 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 calcu-
late 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
many peradventure will ride, when
they can make the journey with safety
In few days? But short time will
elapse before the demands of trade
will call for a second track, to be used
exclusively as a freight road, over
which an endless line of slowly moving
vans shall continuously pass. leaving
the other track for the use of impa-
tent passengers only"
Our readers will perceive by refer
ence to the Company's advertisement,
that it offers the First Mortgage
Bonds, paying six per cent. interest in
gold to subscribers, at ninety cents on
the dollar. These bonds are a first
lie', upon the road, and are limited in
amount to $4,000 to the mile.
The Company state their net earn |
lDgs for the month of May, while only
290 miles Of road were in operation, at |
$z61 ,7o2-a sum which, after deduct
ing 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
a0oy business, what may we not rea-
sonably 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. 10 per cent. cheaper than Govern
ment bonds at the market rate,