Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-07-05
THE UNIoNrAUIFIc RAILROAD.
s7e Miles open for TraveI-tO JuIssburs

The telegraph has announced the com
pletion Of this road to Julesburg, 81
miles from Omaha, and the materials ar,
nearly all on the ground to lay the tracl
to the base of the Rocky Mouutains-I4l
miles furthcr--by September next. Thi,
is certainly very rapid work, but intelligent
correspondents say it is we'll done, ant
that the road is we'll equipped; that its de,
pots and stations are Of brick and stone
and its locomotives aud cars of the best
The Z. s. Commissioner, are also com.
PEELED to testify that It is in al respects q
first class road before the Government
will accept it. The business Of this road
is already surprising. The thousands Of
teams that once spent summer in toiling
over the prairies have transferred their
loads to the rail-track, and by autumn the
locomotive will be at the base Of the Rock y
Mountains. The Editor Of Harper 8
Weekly remarks that "whea the Union
Pacific is completed, all other lines of rail-
way will become, to q certain extent, its
feeders. Along its entire route over the
great Plains lateral branches will be con-
structed, which will pour into it their way
side contributions to an extent that can
not to-day be approximately estimated.
"Alrcady, with less than one third of its
length complete, it is earning seyeraltimes
its operating expenses, as officially stated.
Such success is without precedent. When
breaches the already populous gold regions
ofMontana, Idaho, aud Nevada, the freight
to and from those points alone is likely to
be almost fabulous. And population fol-
lows the road as it extends. A town or
village marks each stage of its progress
Who can calculate the quantity Of way
freight that the road is destined to carry
for these rising communities? Who, in
deed, can estimate the passenger traffic
alone2 When hundreds Of thousands of
persons, with their faces toward the West,
have tramped over the Plains at the risk
Of their scalps, how many pcradventure
will ride, when they can make the journey
with safety 10 few dsys7 But a short
time will elspse before the demands Of
trade will call for second track, TO be
used exclusively as freight road, over
which an endless line Of slowly. moving
vans shall continuously pass, leaving the
other track for the use Of inpatient pas.
sengers only"
Our readers will perceive by reference
to the Company's advertisement, that it
offers its First Mortgage Bonds, paying six
per cent. interest in gold to subscribers.
at ninety cents on the dollar. These bonds
are first lien upon tho road, and are limit
ed ia amount TO $4,000 to the mile.
The Company state their net earnings
for tho month Of May, while only 200
miles Of road were in operation, at s26l,.
792-a sum which, after deducting opera.
ting expenses, is several times the interest
on the bonds they are by law permitted to
issue upon it. Ii the earnings are so
large upon the ieay business, what
may We not reasonably expect when the
connection is made in 1870 with the Pa
ci6c Cosst2 We can sec no reason why
the First Mortgage Bonds of such a road
are not safe security, and they are Is
per cent. hcaper than Government bonds
at the market rate. Subscriptions ore
already large, and received by banks and
bankers oenerally throuvhout the country