Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1869-01-30

OxK THOUSAND MILEs.-sTfom tue mountains Of
! Utah, close upon the valley Of Groat Salt Lake,
flashes q dispatch, saying that one No,sa'id 1tifoS
of rails have been laid upon tho Union Pacific Rail-
road. For distance greater than from Washing
ton 90 New Orleans from New York " Mobile, or
Boston 10 Chicago has this continental talrosd beon
pushed westward from Omaha, whieh is itsoif more
than fourteen hundred miles from New York by
the nearest travelled route. Chicago was, few
years ago. the "fsr Vest - to-day the locomotive,
drawing after 1t not only its heavily laden train,
but population manufactures agriculture and civil
izstion, is fifteen hundred miles beyond the Garden
City on the Lake. Beyond the Missouri stretched
the "Grcat American DESERT untitled, unsettled,
unexplored the railroad, in crossing IT, has opened
TO emigration lands unequaled on the continent for
luxurinnt crops of corn, wheat and grass. The
Rocky Mountains were Natures almost insurmount-
able barrier 10 further extension Of population or
trade; the railroad engineers have found pathway
over which they transport crowded trains at twenty
Eve miles an hour, while all the abundant facilities
Of a well.stocked road taxed to tho utmost to
meet the demands made by the freghting traffic.
In inception, execution, and results, this is the
graudest enterprise of modern times.
We haYe spoken Of the extent Of the traffc Of the
Union Pacific. 1t must be borne in mind that all
the business thus far has been local trade upon the
finished part of road which precedcs, instead Of
follows, emigration and the manifold business of
populous communities And yet, the earnings of
the Union Pacific Railroad for tho year 1868, upon
IN average distance of less than 700 miles, were
more than fee million doiia,S--a fact surprising
as gratifying. Every added mile opens sources
Of revenue, and every year will the business of
every section very greatly increased. Add to this
extraordinary local traffic the trade Of Utah, Neva-
da, Montana and Oregon, as they successfully
brought within the reach of the U. P. h. R., and
then to that sum add the immense through trans.
portation, which will be inevitable when the grand
line to the Pacific shall be complete and the total
can hardly be realized or estimated
One thousand miles of this road have been built.
Five hundred miles of tho Central Pacific have also
been opened, leaving but about two hundred miles
between the two roads This gap will be filed early
in the present year, and by tho beginning of sum-
mer the tourist may, in the space of week, make
personal comparison of the state of the crops upon
the Granite Hills and upon the western slope of the
California Coast Range.
Government has given SO liberal aid to the Union
Pacific Railroad that it may BE fairly donomnatcd
national work. The Government loan of bonds is
mado as the road progresses, ana the company 8
own bonds to an amount equal to the u S. bond sub
sidy ind'a ready sale. These bonds for $1,000
each, have thirty years to run, pay per cent. gold
interest, the principal is redeeuablc in gold, and
they are by provision of the national charter niudo
First Mortgage upon the entire line. A limited
amount are offered fer the present at PAR ami ac-
crued interest, in currency.
Many bankers predict that when the road is COM
pleed, and the issue of bonds consequently stopped
their price will be higher than Governments, they
having SO lo1g time to run. 1t is probable that
large amount will DO taken for investment upon
foreign account. The bonds may be obtained Of
De Haven 4 Brother, Dealers in Government Secu-
rities, Gold, &c 10 South Cd St, Philadelphia.