Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1867-06-07


RECAPITULATIONO OF MEANS
FOR | 500 MILES.
L. S. BONDS. equal to money, SA.20S. 900
First Mortgage Bonds, 4420S. 900
Land grant, 20 ,032 900 acres, say 30 600, 900
slls, 500
equal to cost of nearly $4,000 per
mile, which isbeievcd to be liberal es-
innate. This does not take into the ae-
count the value of the right of way and
material. the stock subscription already
paid in or to be paid in the futu e. or the
present discount at which the bonds are
offered, as they are expected soon to be at
par.
THE INTEREST on TIE BONDS is more
than provided for by the net earnings OF
the various sections ofthc road, as they are
completed. On the sos miles on which the
cars are now running west from Oman, the
receipts for the first two weeks in May were
Sll3 goo; and Is the road is extended to-
wards the great mining ccntcrs. the bust
in freight and passengers constantly III
crcascs-and as there can be 10 cGmpcti-
ton from rival roads, the Company has
full power TO charge rcmunerativc prices
PROSPECTS, FOR FUTURE BUSINESS.
1t needs no argument to show that the
traffic of the only railroad connecting the
Atlantic and the Pacific. and through the
great mining region. must be immense.
Although our annual product of the pre-
cious metals is now officially estimated at
800, 900 900 per annum, a vastly greater
sum will be obtained as soon a> the Union
Pacific Railroad opens the way to the gol-
dea regions ofthe Rocky Mountains. Now,
the difficulties and cost OF communication
are so great, that none but the very richest
veins can be worked; but with cheap trans
portation, hundreds of thousands of hardy
miners will successfully dcvelopc other
mines, that. with less costly working,
will be even more profitable than the aver
age of those now in operation; and the
business of this constantly increasing min
ing interest must pass over this road.
The records of our shipping Offices show
that no less than so 000passcngers now an
nually travel by sea between the Atlantic
ports and San francisco; and these reck-
oned at $50 each [about one half the
steamer price, would produce Il revenue OF
81 800 600.
The overland travel is even greater. In
a single year. ttctWy-Scrcn thousand teams.
comprising Il vast number ofclnigrants and
travellers. departed from two points only on
the Missouri River on their westward Jour
ncy. If the truth of this statment was not
familiar to all frontier s-mcn. it might be
well questioned. But. estimating the ov-
crland through travel at the same figures
that by steamer, and we have SIS. 900. 900
rs the minimum estimate on the same num-
Der of passengers. But the facilities for
cheap and rapid transit furnished by rail
road always vastly increases the amount of
travel with the same population. The diff
ference between the numbers who would
tale an ocean steamer or prairie wagon
and Il modern palace-car, with its luxurious
state-roonlS. where the traveller eats and
sleeps almost rs comfortably as ut home.
may be as great as the difference between
the numbers who were joltcd over the
mountains in an old fashioned stage coach
and those in IN Express train between any
tw O great cities. Then. is it not safe to say
that this through travel will be at once doub-
led on the completion of the road in 1870.
and, with the rapid increase ofPacific Coast
population in the next few years. more
than quadrupled? is il at all eXtravagant
to assert that the Mfough passenger business
Ioluring the first year after the first train of
cars runs from Omaha in Nebraska to Sac
ramemto, will be worth twenty five millions
dollars: When TO this we add half as
much for its esay passenger business. and
more than a mich more than both for its
frciyht~, expresses and mails. &c. are there
not the best reasons ia the world for believ.
ing That the Union Pacific Railroad will
be one oithe most profitable as well as one
of the grandest works CT modern times?
*The price Of Fresh; by teams from the Mis-
souri River was formerly tweatj live cents per
md a. : Il -