The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-06-13
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'N 5A'i'' -V,V"-iVVV oSies say s'.......oOVUOiUJO
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equal to cost of nearly $4,000
per mile, which is believed to be q
liberal estimate. This does not
take into the account the value of
the right of way and material, the
stock subscription already paid in
or to be paid in the future, or the
present discount at which tue
the bonds are offered, as they are
expected soon to be at par.
THE INTEREST ON THE BONDS is
more than provided for by the net
earnings of the various sections of
the road, as they are completed.
On the 305 miles on which the
cars are now running west of Oma-
ha, the receipts for the first two
weeks in May were $4,000; and
as the road is extended toward the
great mining ccnters, the business
in freight and passengers con-
stantly increases-and as there can
be no competition from rival roads,
the Company has full power to
charge rcmunerative prices.*
PROSPECTS FOR FUTURE BUS
MESS.
1t needs no argument to show
that the traffic of the only railroad
connecting the Atlantic and the
Pacific, and passing through the
great mining region, must be i'm
mense.
Although our annual product of
tho precious metals is now official
ly estimated at $10O,00O,000 per an
mum, q vastly greater sum will be
obtained as soon as the Union Pa
cific Railroad opens the way to the
golden regions of the Rocky
Mountains. Now, the difficulties
and cost of communication are SO
great, that noae but the very rich
est veins can be worked ; but with
cheap transportation, hundreds Of
thousands of hardy miners will
successfully develop other mines,
that, with less costly working, will
be even moro profitable than the
average of those now in opera.
ton; and the business OF this con
stantly increasing mining Interest
must pass over this road.
The records of our shipping Of
fees show that not less than So,
600 passengers now annually trav
ell by sea between the Atlantic
ports and San Francisco; and
these reckoned at $3.50 each (about
ono half the steamer price) would
produce a revenue of 81, 100000.
The overland travel is ever
greater. In a single year, t'centy
Seuen thousand teams, comprising
vast number of emigrants anC
travellers, departed from two
points only on the Missouri River
on their westward journey. If thu
truth of this statement was not ia
miiiar to all frontier 's-men, i
might well be questioned. But
estimating the overland through
travel at the same figures as tina
by steamer, and VIC have $4,000,
900 as the minimum estimate OF
the same number Of passengers
But the facilities for cheap and rap
id transit furnished by railroad al
ways vastly increases the amoun
of travel with the same popula
ton. The difference between tn
numbers who would take an ocoal
steameror prairie wagon and a mod
ern palace car, with its luxuriou
, state-rooms, where the travele
eats and sleeps almost as comfort
! ably as at home, may be as grea
at the difference between the mum
> bers who were jolted over tn
: mountains in an old .fashione'
, stage coach and those in an Ex
? press train between any two grea
0 cities. Then, is it not safe to sa,
> that this through travel will be a
once doubled on the completion Q
0 the road in 1870, and, with tn
0 rapid increase of Pacific Coas
s population in the next few year,
!, moro than quadrupled? Is it Q
1 all extravagant to assert that th
4 SThe price oflreight by tearns from the NJ
y souri, River was formerly twenty-five cents r
r pound, or $500 oporton,