New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-05-01

ih managers of the road but no steds have been taken
AppY remedy. The fact that brother Of the Geperal
sSpcrte dent member of the firm Of Magath Co i,
uuder the circumstances suggestive The contracts
fuel are from dhe az n6 G25
the article has been offered from "a 10 - less. have
positive se s Tet o Rer ~
pc cord His hid refused and contract e. efec
into with ether parties to furnish all the wood neer Oh
that portion Of tho road for IS months from a. sl
DER cord and the wood being furnished under the
tract is scrubcedar and about three feet long Thes con
tracts are made under the direction Of the superintendent
and the heard OF his course in the
them. am at q loss 70 understand why wood should
be used at all 1t will cost about three much for
wood can be obtained at in that country as to one
burning coal even at the price the Company pays Ior
rent prices the difference would DO much greater. The
Wyoming Coal Company said to be corporation char.
tered by the Legislature Of Nebraska fad contract
for furnishing all the coal needed on tie entire line
FOR FIFTEEN YEARS BY letter Of the 23d Of February
delivered TO the Vice. President OF tho Union Pa
cifc Railroad Company on the next day asked for IN
formation in regard to several points, and also 70 DC
informed 10 the terms OF this contract rs declined
to give the information for rant Of sufficient eIefeaI
force am informed however that coal can be iHr
nshed at cost OF fifty per cent less than ls now DenB
paid and there is better coal larger quantities.
aud nearer the road, have no doubt my Information
COST OF CONSTRUCTION THE ROAD. AND FINANCIAL
CONDITION OF THE COMPANY.
What it construct this road is matter OF inter
est to the Governments and the people, but ar inquiry
cost might and should have BEEN OF much impor
lance. thing is ordinarily supposed to be worth what
not apply 1t has naturally been the aim OF the man.
OF s cR nGe G tn DO
figures the facts would admit and hence they nave
road the country in very strong ight~andnot
dry light either. The Rocky Mountains were long re-
rer 70 any road across the continent This idea had so
far possessed Congress that, when this Company was
chartered the Government subsidy In money was made
three times as large the 100 miles the Rocky
Mountains for the 5l7 miles east OF the mountains vi
ground thereand ii rises TO considerable altitude But
on the line OF this road 1t is only rising ground.
Guiding that part Of the road we're not much greater
than in any other part From the report OF the Treasurer
Company but what it actually cost build quite
another thing. and must to considerable extent DO
matter OF conjecture. gentleman, prominently con-
nected with the building Of the Atlantic aud Great
% S eGs G IF that road (Which built in times
highest prces asserts very positively that the road
miles with which he is well acquainted could not have
cost exceed $4,000 per milo equipped From state
mS9ts made no @S pSS ss Tor ssed that
this part OF the road equipped need not have cost over
5000 per mile nave beS s senons a Of miles be-
tween Cheyenne and the 1ooomilo post, on which the
actual cost per mile. for grading bridges and masonry
hey put per mile. The contract price (sI Do -
Ninety iun iron at say per 1850
Tracflaypg and 1909 90
'W W
OIL
The necessary cost OF building the road beyond the
suppose does then have these figures, calculating
for LOO miles: .
5lT miles S 900 per 90
$50 miles sAy st2o0 per H%o"N 20
T,,,, s55 e9s 900 %
This then, would be the vaine Of the road and equip
ments when completed, IL everything was new. But
everything will DO Portions OF tho road VIII
be out Much Of the rolling stock TAT least ~ per
cent OF 80 will DO used up Even but 60 engines out
of 1870 on the road sorvceabe. But basis for cal
cuiating the financial condition OF tho Company We VIII
these figures the value OF the road when com
pleted for LOO miles.
LIABILITIES OF THE COMPANY.
Halted st,,.s bonds ,...,............S29J2 m
First bOnds. 2'hs'ol
Bills payable loans ke January lS9......... btS9HI
Totai......................... 7l5a7
Value ofRoad.................... sl9.t5.rD
STOCK paid tas is said ..........,........ lJ2tJBo1