The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1870-03-12
Tns PACIFIC RAILWAY seems 10 be .

Tas PACIFIC RAILWAY seems 10 be
paying concern. This is the case not
withstanding the unvise policy OF the
eompa MES that own il in keeping up the
prices Of passage and freight. Doubt
less the business of the whole road
would be quadrupled if its tariffs were
reduced one-half; and il is to be hoped
that the Central and Union Pacific man
ayers may soon conclude tina, such is
the fac, and act accordingly. The COM
paratively uninterrupted travel of the
past Winter has done much to establish
the reliable character Of the entire line
a. An open highway for all seasons and
there can be NO doubt that With present
rates of travel and transportation Of
goods the business of the road for 1870
will be more than double that of the
past year but the fact that the Union
Pacific Company are making large pro
FITS at the present rates discourages the
hope that they will attempt the popular
experiment of cheapeniDg the prices OF
passage and freightage to meet the re
auirements of the coming Summer
trade. Some idea Of the enormous
business of the Eastern section of this
great line of railway is to be gathered
from the following:
Bosrox, March 9.-The stockholders of
the Union Pacific Railroad met to-day and
elected the following Directors for the ensu-
ing year: Oliver Ames, Oakes Ames, John
Duff, John B. Alley, C. H. Mccormick, W.
F. Glidden, r. Hazard, Elisha Atkins, A. E.
Lombard, o. s. Chapman, James Brooks,
G. n. Dodge Sidney Dillon. Frederick Nc
Kuson and C. Bushpen. The following is
the substance Of the report of Oliver Ames,
President: 1--WE have spent during the year
upon snow sheds and snow fences over 3d.
OUO, 600; We have now over 5 miles of snow
sheds, and nearly 50 miles of snow fences, in
addition to q large amount of snow fences
put up last year. The experiment thus far
this Winter shows our road can be run with |
out serious hindeYanee or obstruction from
snow; and our Superintendent is confident
he can keep our road As free from snow as |
roads in New England and New York. The
express business over the road was fully in
yestiRated last Summer, and ne came to the
conclusion that il would be to our interest for
the road to dissolve connection with Wells,
Fargo & Co., and do this business ourselves.
The results of the change have been an in
crease Of receipts Of about 80 per cent. above
What We received from tina: firm. We made
a connection with the Atlantic and Pacific
Telegraph Company, through which we are
getting large portion Of our telegraphic |
service free, and have an expectation Of re-
alizing handsome income from the $780,
600 Of stock We received from the Atlantic
and Pacific Telegraph Company for the use
of our lines for commercial purposes, should
this company make connection with the
Central Pacific Company, as they now expect.
and secure fair share of California business.
The earnings of the road as far as reported
since FIRST opened amount to 81, 600. We
anticipate that the gross earnings for the en-
suing year will reach 81, OO0, 900, and shall
not be surprised should they largely exceed
it. The net income from this will pay all in
terest With 4 handsome dividend upon the
stock, should We not need it for improvement
upon the road