The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1867-06-06

mated at 3Ioo, oOU,uoo per annum.
vastly greater sum will be obtained as
soon as the Union Pacific Railroad opens
the way to the golden regions of the
Rocky Mountains. Now, the difficulties
and cost of comm IN ication are SO that |
none but the very richest veins can be
worked; but with cheap transportation,
hundreds of thousands of hardy miners
will successful. develop other mines,
that swithiess costly working, will. be
even more profitable than the average
of those now in operation and the
business OF this constantly Increasing
mining interest must pass over this
road n ian nETE 0GTI Holt
The records of our shipping offices
show that not less than $4,000 passengers
now annually travel by sea between the
Atlantic ports and San Francisco, and
these reckoned at $3.50 each (about one
half the steamer price) would produce
revenue of s7,500.00O-
The overland ,travet is even greater.
In single year, facenty screen thousand
teams, comprising vast number of emf
grants and travellers, departed from two
points only on the Missouri River on
their westward journey. II the truth of
this statement was not familiar to all
frontiers men, it might we'll be ques-
toned. But, estimating the overland
through travel at the same figures as
th,t Ia, Staap,arw and NC I,a.-o ak 0On :
900 as the minimum estimate on the
same number Of passengers. But the
facilities for cheap and rapid transit
furnished by railroad always vastly in.
creases the amount OF travel with the
same popul alton. The difference be-
tween the numbers who would take an
ocean steamer or parairie wagon and q
modern palace car, with its luxurious
state rooms, where the Traveller cats and
sleeps almost as comfortably as at home,
may be as great as the difference between
the numbers who were jolted over the
mountains in an old fashioned stage
coach and those in an Express train be-
tween any two great cities. Then, is it
not safe to say that this through travel
will be ut once doubled on the compile
ton of the road in 1870, and, with the
rapid increase of Pacific Coast popula.
ton in the next few years. more than
quadrupled? Is it at all extravarant to
assert that the through passenger business
during the first year after the first train
Of ears runs from Omaha in Nebraska.
to Sacramento, will be worth twenty
five million dollars? When, to this we
add half as much more for its scay pas
senger business, and more than rs much
morethan both for its freights. expresses
and mails, etc., are there not the best
reasons in the world for believing that
the Union Pacific Railroad will be one
of tie most profitable as web as one of
the grandest works Of modern times?
THE, SECURITY AND VALUE OF ITS BONDS
We have made these calculations that
the public may have some brief data of
facts from which to form their estimate
of The value of the Union Pacific Rail-
=.
Besides, men of the greatest railroad ex-
perience in the country have shown their
confidence in the stock by liberal sab
scriptions, and this stock must he subor-
dinate to all otherclaims But there are
stronger proofs Of the security and value
of the First Mortgage Bonds than any
we have namel:
L That for the safety Of tie coun try
as well as national economy the road is
indispensable.
| 2.~That by an investment of about
fifty millions in a Second Mortgage on
the road, the Government practically
guarantees the principal and interest on
the first Mortgage. FL @
The Company now offer a limited
amount of its First Mortgage Bonds,
bearing six per cent. interest, payable
semi annually in coin, at ninety per
cent This interest, at the current rate
| Of premium ON gold is equal 10 nine
per cent per -annum on the price for
which they arc now. offered The Com
pany expects 10 sell but Il small amount
atthis rate; when the price win BE raised
and like all similar bondsthey wifi final.
y rise TO premium above their par
valae- The subscribers 10 This loan vii
not only have the1advah tages of very
Aaeral interestaad very safe security,
but will also have the satisfaction o.
having assisted in the construction OF
tue greatest national work of the couu,
try.
-ELluIau wHow Ik-F1r87az "a
sfehs Been proved. aresdv that III en-. interes
On tire al lali b,,Ids advanced y tue Govern
nsn will % saved than twice IN t.s coase
qnent diuinuton OF Government expenses in the re
g'ens through which the road passes. - sss sH-1a
! The price of freight by teams from the Missouri
River was formerly twenty-five cents per round, OF
ssue Per son @ae as@e es *aa e~