The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1869-01-28
One Thousand Miles.

From the mountains of Utah, close upon
the valley of Great Salt Lake: flashes dis
patch, saying that one thousand miles Of
rails have been laid upon the Union '>,''n'
Railroad. For distan"" % e'eA'er 'nSn Iro'i
Washington new Orleans, from New
VII 70 Mobile, or Boston to Chicago. has
this continental railroad been pushed west
ward from Omaha, which is itself more than
fourteen hundred miles from New York by
the nearest travelled route. Chicago was,
few years ago, the "far West ;" to- day the
locomotive, drawing after it not only its
heavily laden train, but population, manu-
factures, agriculture and civilization, is
fifteen hundred miles beyond the Garden
City on the Lake. Beyond the Missouri
stretched the Great American Desert"
untitled, unsettled, unexplored !; the railroad
in crossing it, has oFeued to emigration lands
unequalled on the continent for luxuriant
crops of corn. wheat and grass. The Rocky
Mountains were Natures almost insur-
mountable barrier to further extension of
population or trade; the railroad engineers
have found a pathway over which they
transport crowded trains at twenty-five
miles an hour, while all the abundant facil-
tiles of well-stocked road are taxed to the
utmost 10 meet the demands made by the
freighting traffic. In inception, execution,
and results, this is the grandest enterprise Of
modern times.
We have spoken of the extent Gf the traffic
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 precedes, instead of follows, emigration
| and the manifold business of populouS COM
munities. And yet, the earnings Of the
Union Pacific Railroad for the year 1868.
upon an average distance of less than 700
miles, were more Mdn fire milron doltarS-a
fact as surprising gratifying. Every
added mile opens new sources Of revenue,
and every year will see the business of every
section very greatly increased. Add to this
extraordinary local traffic the trade of Utah,
! Nevada, Montana and Oregon, as they are
succeSsively brought within the reach Of the
! U. P. R. R., and then to that sum add the
immense through transportation, which will
be inevitable when the grand line to the
Pacific shall be complete, and the total can
hardly be realized or even estimated
One thousand miles of this road have been
built. Five hundred miles of the 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 the 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
denominated a national work. The Govern
nenJ lOau Of DUIIJio 10 tIeylv viIU rSe.I r,.~
| gresSes, and the Company's own bonds to an
amount equal to the u. S. bond subsidy find
| ready eao. These bonds are for $1,000
each, have thirty years to run, pay per
cent. gold interest, the principal is redeem
able in gold, and they are, bv provision of
the national charter, made FIRST Mortgage
upon the entire line. A limited amount are
offered for the present at PAR and accrued
interest, in currency.
| Many BANKERS predict that when the road
is completed, and the issue Of bonds conse-
| quently stopped, their price will be higher
than Governments, they having so long time
to run. 1t is probable that large amount
will be taken for investment upon foreign
account. The bonds may be obtained of DE
Haven & Brother, Dealers in Government
Securities, Gold, &C., 40 South Sd ST..
Philadelphia, Pa.