New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-04-17

o.,
january. 1868, to Big Meadow. $50 1000
January, 1870. to Salt Lake City.;...;725 42Sj
The original estimated cost of building the road
across the Sieras slightly above that of the most
expensive railroads in the country where the rght oi
way had to he purchased at considerable cost; and
Boston aud Providence Railroad cost per mile Ssl 2.5
Boston and Lowell Railroad cost per mile 1866
New-YOrk and Erie Railway about. .............. $1,000
Hudson River Railroad about. 5000
Central Pacific Mountain Division) estimated $500
Up TO the lst of JANUARY last the central racine
Company had expended i'll building the ~ miles IN
operation together With about third OF the prepare
ton upon y miles additional, and for liberal equip
nent of rolling stock, nearly $l5OO0OOO SLABS l4
Fifty miles additional about 80 IN all, Wll IT is
confidently expected be running in July next, which
brings the road 10 the comparatively smooth ground
The total cOnstuction-cost of this mountain section
will bS about SIS 100000 at the rate OF 100000 per
mile The rest of the distance to salt Lake CITY, 30
miles can be constructed for about $GO,OOO per mile
Che difference in the prices of labor and iron SUI
ficently accounts for the increase upon the orlslna
estimate About 50 OOOOO0 more will have been eX
pended by midsummer for iron rails and equipments,
most of which either the other side or en- route
The bulk of the engineering dlfhcultles II VIII De OBJ
served, has already been overcome; ana by lar the
most costly and rugged resistance left behind Rails
are already being LAID east of the summit, ready Tor
the advance when the tunnel Is opened; .
As might be anticipated. the Central Gaclhc is 10
be classed among the most expensive roads IN The
countTy Such were the imperative demands OF the
local TRANSFORMATION between California and the MN
ing regions east of the SerTas that steamrO even
at this cost was an economy. 1t has been estimated
that the wagon freights across the mountains III
single year, before the commencement OF railroad
amounted TO fully $3OOOOOO; which of itself would,
without any increase, be sufficient motive Tor
building railroad. If We consider tile enormous
through travel which Is to pass to ana no between
China and EuTOpe-the natural expansion Of the
Western States and Territories the stimulation which
must follow TO mining enterprises and the equally mi
Dortant national military, social and cvizmg adj
Vantage to be reached-the railroad becomes press
ing necessity; and the liberal subsidies of the Gov
eminent 10 such a work of internal Improvement
seem eminently wise and proper. Thus far the Cali
fornia projectors have pushed on their half OF the
work with cOmmendable vigOr and steadlneSs; and
in a few weeks will have easy work before them.
The law reguires that the road shall DC substantially
built of the best American materials. and III such
way as BELTS its semi-natiOnal character
The following table will show the actual net earn
ins of the road as progressed up the mountain side,
after the payment of Operating expenses for the past
two wears, with an estimate for the present year,
based upon the same rate of increase; and the ea,
ton of the earnings 10 the nteTest-chaIges assumed
by the road upon the suppOsiion thai the whole
amount of bonds authorized will have been issued;