Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1867-11-28

all other incidental buildings and also locomotives,
passenger, Baggage and freight cars and other re-
lusiie rolling stock, an amount that shall not be
less than $4,000 per mile. Allowing the cost of the
remaining and hundred and eghty.six of the eleven
hundred miles assumed 10 be built by the Pacific
Company 10 be ,OO0 per mile. :.
The Total Cost OF Eleven Hundred Miles
Will he ms Follows,
" miles, a. 6s0os 2o5,0l2
Add discounts on bonds, surveys. &c..... i5oO,ODo
Amount. .......-...+............S 3D. ll5,0l2
As the L. $. bonds arc equal 10 money, and the
COmpanys own First Mortg &c Bonds have ready
market, we have US the
Available Cash Resources for Building
Eleven Hundred Miles:
y. :. nnnds LBS 900
Capital stock paid in on the work now done, 5a0y,T5O
Land Grant 1850 900 acres at Lon per acrc,2 10000
Total. l45, $50
The company have ample facilities for supplying
any deficiency that may arise in for constrnc
ton This may be done wholly or in part by addi-
tiona subscriptions to capital stock
Active inqruy has already been made for portion
Of these lands, and arrangements are now proposed
value Will not be available for some years to come
they will remain very important source Of revenue
70 the Company. The ands of the Illinois Central
Railroad Company are selling ut from SO to Si2 per
acre and other land grant companies in the West arc
receiving equal prices for similar properties.
FUTURE BUSINESS.
The most skcp,ca have never expressed Il doubt
that syhen the Union Pacific Railroad is finished the
immense business that must flow oyer IT. as the only
railroad connecting the two grand divisions Of the
North American continent, Will be one OF the Won
dcrs of railway transportation; and as IL will have
rates The Pacific Mail Steamship Company Of New
York is now running a regular line of its splendid
steamers between san Francisco and China and,
that will trayerte the Pacific Ocean laden with the
teas, spices and other products Of Eastern Asia.
Excepting some very heavy OF bulky articles, Of CON-
parayely low values, shortness Of time decides the
direction Of freighls and most Of these clrgoes will
lind their natural transit over the Union Pacific
Railfoad.
Il is quite within bounds to say that its traffic viii
be limited only by the capacity of the line, and that
California and Oregon must not only be supplied with
Of transport for its passengers, mail, treasure
and other ircights, but the Inhabitants Of Dakoiah
Colorado, Utah. Idaho and Montana will communi-
cate with the older States almost entirely by this
road, Ii will he tho avenue to AL the great mining
district, which is only awaiting this ready means OF
communication to recSiyc population that will de-
velap it vast mineral and OTHER resources, and which
q Itself would furnish ample business for railway
EARNINGS FROM WAY BUSINESS.
While the through business OF the Company viii
be amply remuneffliye, it is sl III the future, but
the local business tie part Of the road In opera
tim has been most satisfactory.
During the quarter ending .uy 81, an average Of
25 miles of the Union Pacific Railroad was In opera
ton. The snperintendents Report shows the follow
lllE lceuItsi
Earnings.
Passengers, Freight Telegraph and Mails T23.755 81
transportation Of Contractors Materials
ana men ,2s9 IL
Iolai 81, 1908, Oas 95
Expenses.
Fuel Repairs, Offices, Conductors Trains,
Net Earnings to balance 'Sos an
Tatal ooo - -
The net operating expenses on the commercial
business for the quarter wsre 237 a66 co. The nc
count for the COMMERCIAL BUSINESS stands as
EARNINGS for May, June and July .72a, 1855 "a
Expenses. .237,9 dG 80
-. The amount Of Bonds the Company can Issue on
VIZ miles ut 10000 per mile, is ba00,00o Interest in
gold, three mostbs at per cent. on this snm is
currency EARNINGS, Is loo 200 showing that the net
earnings for this quarter were more than fous times
the interest," on the First Mortgage Bonds on this
longth Of Ruad.
FIRST MORTGAGE BONDS,
who,c principal Ii amply provided for and whose
iutcrost is so thoroughly secured. must be claascd
among the saJest Investments. They pay
SIX PER CENT IN GOLD,
and are offered for the pres Mt at NINETY CENTS
On THE DOLLAR and accrued interest at Six Per
Cont In Currency from July |.
Paiics are tslhllS advantage VI inc present
high price Of Government stocks to exchange for
those Bonds, which over FIFTEEN PER CENT
CHEAPER, and. ut the current rate of premium on
gold pay vs.
OVER NINE PER CENT. INTEREST.
Subscriptions will be received in Wilmington, by
X. X. ROBINSON IL CO., Bankers,
j. MuLTlAR son,
FIRST NATIONAL BANK,
anu IN New York at the Company's Office, No. 20
Nassau street, and by
CONTINENTAL NAT. BANK, No. Nassau st.
CLARK, DODGE u co. Bankers, No. 81 Wall st.,
JOHN j. CISCO d son, Bankers, No aB Will HI
and by the Company's advertised Agents throughout
the United States, Of whom maps and descriptive
pamphlets may be obtained ON application. Remit
iances should lie made in drafts Or other funds mr.
IN New York, and the bonds will 10 sent freq Of
charge by return express, ~ As "'o "
John j. DISCO, Treasurer, New York.
HON c Snnsclibsrs through local agents will look to
| oetober2sth 1857 novo,m.d Sw
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