The New York herald., 1876-03-09
Leaving to be provided for by future

sales 81 6lo, 49S so
Thus showing that this portion OF the bonded debt
of the company Will In short time be entirely paid OF
aud cancelled without encroachine upon the revenues
OF the road small part OF the acreage left at present
prices will create fund sufficient to meet the balance
OF the land grant bonds outstanding.
The already immense herds of cattle, sheep, mules
and horses along the road and the OF future
traffic TO the road from their natural increase will bring
very large earnings The past year 900 OF stock
the road, and IL desirable TO dis
pose OF retain the lands shall best build
up this trade. The vast country through which the
road viii soon be the grand section for supplying
all the Eastern markets with beef and mutton.
The mines newly discovered in the Black Hills and the
soda beds on the Laramie plains subjects OF sug
gcstve comment In regard to the complications
with the government the report states
The late decision of the United States Supreme Court,
decreeing that the interest paid by the government
upon the government bonds is to be paid by the
pany at the time and In the manner OF the principal OF
the bonds eavng half Of the government iransporta
tion TO be paid to the company has lifted from tho
property the only cloud that rested upon IT, By
that decision there Is due the company from the gov
ernment 81. 095 547 02 which will. undoubtedly. be
paid as soon as the remaining question now pending m
the United States Court being 'what Is due under the
sixth section Of the act OF 1862 known the ve per
cent clause, " Is decided
The company satisfied that their construction OF
this clause is correct and that under tho decision Of
the court there will be found ut the present time
nothing due tho government
The company are disposed 10 carry out any plan that
will do justice 10 the company and the governments
and that shall not be burdensome tho property and
that will settle finally and for all time ali question:
bearing upon the points heretofore dispute and tho
company have so informed the Executive Department
of the and Congress. The report says, in
conouson:-
THE FUTURE OF THE rRorKRrY
Is no longer In doubt The steady growth OF It's local
trade the continual and unexpected development OF
the zone of country through which the road runs,
demonstrating that every part OF il is valuable in
agriculture and grazing lands ores, minerals and
hidden treasures that daily come to light, and that
for over 900 miles long east aud west and 800 miles
wide north and SOUTH tributary for all time TO
this one great artery This will insure q steady,
healthy and raDid growth the business the
Its coal, iron silver gold, soda sulphur, paint oil,
lead and copper products are daily increasing and the
Union and Central Pacific roads will carry east
and west to markets greater variety of products and
precious metals than any road in the country.
Its coal traffic, to-day in its infancy, controls almost
the entire fuel trade from the Missouri River to the
Pacific coast and the man nuacores, furnaces, mills
and other powers become necessary the traffic in this
one product cannot to-day be estimated