New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-18

Attention Is called the advertisement Of the National
Currency Bank in another column
The following is the movement in dry goods for the
week: Entered for consumption, s52I1Oi Withdrawals
$fl52.7S3; warehOused, s79l,S59
The President of the Union Pacific Railroad has issued
the following circular to the stockholders Of the com
pany: .. -. - -. -, 90. A
upon your company upon its credit and upon the char
acter of the work itself. While all persona VINO knew
the real causc5 Of these attacks were wen aware Una!
they were without foundation and only ylndctiVe,
cannot be denied that they we're source Oh grave tn
and difficulty There Is nothing so sensitive
ff acI. rum '"''' ''''''' -
The natural result Of these assaults upon the Com
pauy credit the arrest OF the pubic sale OF us Sc
curitcs and threatened danger OF stopping the work.
when two millions month required to continue H.
1t was fortunate for the country as wen as yourselves
that you had the ability, as wen as inc eonSe 10 au
required to flush the road believe that no private
coTnoratio yer before made 30 large CALL that
was more promptly responded To. The work upon the
line continued during the winter ~ very hcaNy
eTtra cost bnt nearly ali the obligations incurred have
been adjusted. .
The $50 miles OF road west OF Omaha, which was pun
condition equal to any in the country, and the remain
der will be IN the hne order as soon as Ger
ms been I'M succrssful operation since May TO- aipost
without accidents and the whole ne TO Tue racine n
admitted 10 be safe as any railroad ln the country
Although the travel has been large, II would nave been
much greater the groundlcss fears OF many hal MOI
deferred them from making the IMP ana ere can pe n2
doubt that these dssiPatcd by successful
experience IL will steadily, and even rapidly increase
Iy the Pullman Palace Cars the trip Ia made not Only
without any unusual danger but almost without fatigue
The earnings Of the road since It's opening nave btt-
FronM NJ 10 Asy Jl............ . ~. - y
FromJu g. Juue No.. ft.Dl4 ~
FronJ luy Jl............ 1850 -
Notwths,andin Tho rates FOR ,sseugois ana hekAt5
have been largely REDUCED the earning, Tor
stand AT about the dlres ~ FOR july WIN AZ the
average earnings a have been AZ TIE rate oil about
Eight Millions year which viii be steadily augmented
by the DEVELOPMENT Of the Pacific Coast and Dy settlo
ment along the line. ,
The Company own over 100000 acres Of laud IN the
Platte Valley Nebraska, which Competent Judges pro
nouuce equal 10 any the West Tie lands were offered
for sale Omaha, July ~ and 10000 acres were sod IA
one month thereafter al average 81 over per acre
The Company also own over !Ou0cnD acres 10 adHlon
some Of which IL Of little value but there are portions
from which considerable sum Will eventually Dc realzed
Many portions OF the Rocky Mountain ana WahaAtch
ranges abound ia rich mineral orcs-especlay copper
and the constantly increasing development OF the INNING
interest Will add largely 10 our business ENensve coal
mines are found along the track for 800 mites on the
Western slope OF the Rocky Mountains, for which there IL
already good demand.
You will perceive that the income of The Company "a
now ample the interest s First Mortgage and
Land Grant Bonds and have every reason 10 expect
that natural growth Of ITS business viii soon give it,
stock value that will make suitable return for the
have taken in building the longest railroad line
IN the country through wilderness which most persons
pronounced impassaDle for u locomotive.
OLIVER AMEs President.
September 49, 1869.