The New York herald., 1872-12-23
NEW YORK HERALD MONDAY DEcnBER % 1872 WITH

NHV VILE
Fourth-loo miles as aud for the rate Of $4,000
Piith-leo miles AZ and for the rate OF 100000 por
mile.
Ssco~0--At least three hundred and nfty miles
shall DO, IL possible, completed and ready for ac-
se
port the material The whole to be constructed ia
good and worsmanc manner upon the .sa same 3,
the Tooth meridian or longitude. The party OF the
second part shall erect all such necessary depots,
provide ali NECESSARY and rolling
cost Of not less than 81 900 per mile IN casn ana
SHAH construct an such aa sae .rsck s as
exceeding six per cent OF the length OF the road
constructed and to be constructed under TINS con-
tract The kind OF timber used for ties and In the
bridges and In It's preparation, shall be such as
from time to time may be ordered or prescribed by
ana and
the Secretary Of the INTERIOR OF the date OF Feb
Tn;rdIWhenever one Of the above-named Sec
tons of the road shall be finished, to the satisfac
tion and the acceptance Of the government COM
possession OF the party OF the first part and upon
such portions OF the road as wen as on that part
easv east o. the ,ss nar sha Son ne s
lay, all men and material to be used in construction
at price to be agreed upon by the party OF the
or assigns, and the general agent but not less than
cost to the party of the first part.
Party % ise scona p bis
shall have the right 70 enter upon all lands be-
longing to the company, or upon which the COM
any material nsed in the construction OF the road,
and may have the. right to change the grade and
curvature within the limits Of the provisions Of the
act OF Congress for the temporary purpose OF has
tcning the Completion OF the road; but the esti-
mated cost OF reducing the same to the grade and
or as approved from time to time by the company,
shall be deducted and retained by the party OF the
first part, until such grade and curvature Is 80
reduced.
FUtn-The party Of the second part, his heirs,
executors, administrators or assigns, ls to receive
from the company and enjoy the benefit of all exist
ing contracts, and shall assume ali such contracts
and all liabilities oil the company accrued or
material furnished or to be furnished for Or on
account Of the road west OF the one hundredth
MERIDIAN creditng however, the party OF the first
part on this contract all moneys heretofore paid or
expended on account thereof
Sirue-The party Of the second part, for himself,
stipuates and agrees that the work shall be prose.
cuted and completed with energy and all possible
speed, 80 as to complete the same at the earliest
practicable day. 1t being understood that the speed
Of construction and time Of completion is the es-
sence OF this contract, and at the same time the
If the same, in the opinion Of the Chief Engineer is
not so prosecuted both as regards quality and
despatch, thst then the said party Of the first part
officer detailed for that purpose. take charge OF
said work and carry the same on at proper cost
-" SesentH@The grading, bridging and snperstruc-
ture to be completed under the supervision OF the
e to cei and to & Of the cSa
acter as to the workmanship and materials as in
the construction OF the road east Of the one hun
II Is, however, understood that all iron hereafter
purchased contracted for, shall be Of the weight
or not less than nifty six pounds to the yad and to
n fah bar iOinta
Et0nte-Ah the expenses Of the engineering are
to be charged and paid BY the party OF the second
part, except the pay and salary OF the chief Engi
neer and Consulting Engineer, and their immediate
assistants, and the expenses Of the general sur
:. NtytnIThe depot buildings, machine Shops
water tanks and also bridges shall be Of the most
approved pattern, and they, az well az the kind Of
viously approved by the General Agent and Chief
Engineer Of the company, and all tunnels shall be
archsd with brick or stone, when necessary, tor
the protection OF the same.
7enth-Payments to be made as the work pro-
crosses upon the estimates OF the Chef Engineer,
In making which the engineer shah deduct from
each section its proportion OF the cost Of equip
structure and cost Of telegraph but all materials
delivered or in transit for the account Of the CON-
pany may be estimated for.
fRieueyin~Psyments hercon shall be made to the
party OF the second part his heirs, executors, ad
nnstrators assigns, in cash; but II the govern.
converted into money at their par value net and
the irst mortgage bonds Of the company at ninety
and assigns shall be charged hereon the diner
ence between the amount realized and the above
are not sold tor less than eighty cents on the
dollar and if there shall not be realized from the
party y Of the second part, his heirs executors ad
.ninistrators or assigns for work - stipulated In
this contract and according to the terms thereof
subscribed by said party OF the second part, his
heirs. executors, administrators assigns to the
such SUBSCRIPTIONS shall be paid to said party Of the
second part his heirs executors administrators or
assigns on tins contract
there shall be added to the equipment now pro.
vIded for and intended to apply on this section as
passenger cars, two baggage cars, and propor
tionate amount OF equipment OF like character be
supplied on the second section OF 100 miles after the
1nirceenth The amount provided to be expended
for equipment station buildings, &c, shall be ex-
pended under the direction the party OF the first
part and in such proportion for cars, locomotives,
machine shops, station buildings, &C., and at such
points as they may determine; the party OF the
lures without profit to the contractor, or they may,
In their option, purchase the equipment and ex-
po.nt nj on on the road where they may deem the same
n.ost advantageous to the company, whether on
the section on which said reservation occurs
not.
Fourteenth-Thc telegraph line Is included herein
the term railroad,n and is to be constructed
In the same manner and with similar materials as
In the line east of the Tooth meridian.
The said parties hereto, In consideration OF the
premises and OF their covenants herein, do mutu-
ally agree, severally, to perform and fulfil their
several and respective agreements above written.
This contract having been submitted to the Ex-
ecutlvc Committee by resolution OF The Board Of
Directors, August 49, 1867, and we having exam.
ned the details Of the same. recommend its execu.
ton by the proper officers OF the company with the
Hon. Oakes Ames, the party named as the second
part. OLIVER AME6,
&. 8. BUSHNELL,
SPRINGER HARBAUGH,
THOMAS c. DURANT,
Executive Committee Union Pacific Railroad Com
pany.
Resolved, The foregoing contract between the Union
Pacific Railroad Company and Oakes Ames, referred to
tue Executive Committee by resolution Of the Board
August l6 1857 to settle the Details approved and that
the proper officers OF the company be instructed
cute the same subject however to the wren approval
OF the stockholders Of the company understood by
Board OF Directors when the same was voted upon
Resolved That the option to extend this contract
Salt Lake be referred TO the Board, with reeonmenda.