New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-11-01
500 Miles
az RrNa
UNION PACIFIC RAILROAD.
RUNNING WEST PROM OMAHA.
7I'II"'
ACROSS THE CONTINENT

| RUNNING WEST PROM OMAHA
| ACROSS THE CONTINENT
are nov completed The Union Railroad Company have t
longer line OF railroad in the last eighteen than ever built
~ any other company the time they oounae the wor
win The same until completed The Western Division IL
being pushed rapidly Sacramento By the Central Pacific
Company Of California, and II 5 erpeetedthat
| THE ENTIRE GRAND LINE
70 'he Pacific will be open for business MORE THAN OER.
IdltD OF THE WORK HAS ALREADY BEEN DONE MORE
THAN oHBTHIRD TIE WHOLE LINE is NOW In RUNNING
oLDbR' AND MORE LABORERs ARE NOW EMPLOYED UPON
1T THAN EVER BEFORE More than
FORTY MILLION DOLLARS Tx MONEY
already been expended two powerful omvue, that h,s
the enterprise aad is no hack Of fond, s IA.
mos. vigorous prosecution nei States Government oup
necessary the construction Of the Union Pacific Railroad To-
develop and protect It's on Interests the Companies authorized
to build 1t ample aid Mould render speedy completion be,Oas
doubt The available the Union Railroad conoas,
the Government ans rs stoekhOer briefly
summed up follows;
L-UYITED sTRTEs BONDS
bearngG per currency interest at TIE rate Of $1,000 mile
5 miles on the Pllins the % 1900 per mile for $50
through the Rocky then the 'ste Of $1,000 mile foe
the remaining distance the Ued States takes second lea
ass security. u,t,,.ncp,1r
The Uuon Pacific Railroad has land grant or absolute
aoo from the Government - the mile which will uo'
worth Iess than so per a the lowest valuation.
3-THB CAPITAL STOCK
Tie authorized capita of the Union Railroad Company 10
500 10000 sSOOO0 have been paid on the work al
ready done -. u,,,.,, ,,,,rrc,ov roxnS
By it Is p.,ad issue It's Prs, Mort
gage The same issued by She Government
nd and only the road progresses The Trustees Tor the
bondhoden the On D. Morgan L. s. Senator from he"i"'
okes Ame Member u T. House Of Representatives,
are responsible for delivery bonds to the Company In
accordance with the Of the law.
THR MEANS SUFFICIENT TO BUILD THE ROAD.
building 9ii miles Of fr.ls rail-
Omaha comprising much o. the dcu mountain
responsible parties (Who have already finished 800 me at
average ryegh and hyegh dollars (ssO s)
mile This price includes all shops for construction and
repairs Of cars depo stations buildings
locomotives passenger baggage and freight and other requisite
rolling stock that shall not be less THAI 5000 mis
Allowing remaining hundred eghsr Of the
hundred miles assumed to be built BY the Union Pacc COMPANY
to be $4,000 per mie
THE TOTAL COST OF ELEVEN HUNDRED MILES WILL BIZ
AS POLL0wS
s4 miles at s69058 9Sf az SSa
Add bonds surveys, &e........... $500"
Amount. 5A'oR
Ashe equal money aud the comPnTs own Prss
Mortgage Bonds have ready market, we have as the
AVAILABLE CASH RESOURCES FOR BUILDING ELEVEN
HUNDRED MILES;
U s. Bonds $9sJ5s ~
Capta SoeF e on the work now done.... 53aT50
Land Grant, H. 900 at 81 50 per aere 2lS00
'Se9'l40'''
The Company have ample facilities supplying any deficiency that
part by additional subscriptions to capital stock
Active inquiry already made for portion Of these ards and
arrangements proposed to offer part Of them for sale While
whole value win not be available for years TO come they ~u
very important Of to the Company The lands
Of the Illinois Central Railroad Company selling at from SO Sl2
per acre other companies in the West are receiving equal
prices for similar properties
FUTURE BUSINESS
The most kepca expressed doubt that when the Unoa
Pacific finished the immense business that must flow over
only raosd connecting the two grand divisions Of the North
American continent would be Of the wonders Of railway anspoA
tom and as would competitor could always charge renun
alive rates The Pacific Mail Steamship Company OF New York
running regular splendid between San Francisco
and China Japan doubtless the pioneer ofoher lines that viii
laden with the spices and other proac
Asia Excepting heavy or bulky articles oil com
pa low values decides the direction Of ireght
and most cargoes will ind their natural transit o'er the mon
Pacisc Railroad
IL unite within bounds to say that will be limited ocy BY
the capacy the other road will End d) track so
necessary California and Oregon only be supplied With
otranspor passengers nails and other e @ but tue
inhabitants Dakota Colorado Ch Idaho and Montana viii eommu
almost entirely by this road 1t will be the
great mining district which only awaiting this ready
means communication population that deSeop It. great
aud which o would furnish ample oas
for a railway line.
NET EARNINGS FROM WAY BUSINESS.
through business Of the Company will be amply remanes
tive IS still in the fatar business the Of the ROAD
in operation has beer most satisfactory
During the quarter esing July Of 125 miles Of the
Railroad operation The supententhts nc
pert shows the following result:
EARNINGS.
Passengers Freight Telegraph and stlS.9o
TRANSPORTATION Of Contractors 1929
$I2o90S 90
EXPENSES.
Conductors, Trains $3oJl
EARNINGS to balance. 'SS W
operating the commercial business for the
quarter were 1921 The account for the COMMERCIAL BUS
NESS stands follows:
Earnings May June, andJuly. 52955S 81
Expenses .''.''.''''''''''''' <'''S' :"
post S485 f39 o.