The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-12-19

AFAANHHANN
Lake Superior 200 miles, l95; Indiana
BLOOMINGTON q Western, i4Q, Chielgo, 81
Paul, Minneapolis & Omaha, 1856; Missouri
Pacific Omaha extension, leG Rocheste
q Pittsburgh extension, 10; Chicago 9
West Michigan ll5; Andersen, Paris \ st
Louis, ITO; miles 70 be built by forty'thre'
other roads, 1902.
In thesection between the Atlantic coas
and the Mississippi river, and
SOUTH OF TIE oEIo
and Potomac rivers, the number Of miles Il
2,S52, to be builtas follows Georgia Pacltic
$50; Atlanta, New Orleans and Texal
Pacific junction, $50; East Tennessee, Viz
ginia and Georgia, 22l; Richmond and
Allegheny river division), 200; Louisville
4 Nashville (Pensacola 4 Atlantic bFanch)
40; Elizabeth, Lexington & Big Sandy
1880; North Carolina Midland, los; miles IA
be built by twenty-five other roads, SIS.
In the sections lying between the Rocky
mountains and Mississippi river and north
OF the latitude OF st. Louis, the number Of
miles Is 4,063. The roads contributing the
greatest number Of miles IRE Us follows;
Union Pacific, 1000; Denver 4 Rio Grande,
$50; Atlantic 4 Pacific, 400; Chicago, Bur
lington & Quincy Republican Valley lines
and Denver extension), S94; Northern
Pacific, $50; St. Paul, Minneapolis 4 Mani
tOha (estimated), $50: Chicago, Milwaukee
4 st. Paul, $50; Sioux City & Pacific, 10
Chicago & Northwestern lestimated), 100
miles to be built by thirteen other roads
545.
In the section between the Rocky mount
aims and the Mississippi river and south Of
tho latitude OF ST, Louis, the number oil
miles is 4,l40, distributed among twenty
eight roads as follows Fort Worth & Dem
yer City, $50; Texas 4 st. Louis, 800; St
Louis & San Francisco, $50; Galveston,
Harrisburg & San Antonio, 278; Kansas
City, Springfield 4 Memphis, 275; Northern
Pacific, $50; St Louis, Iron Mountain 4
Southern, (Knobel to Louisiana State line)
2Sn, Austin x Northwestern (estimatedl,
200; Dallas Trunk, 200; New Orleans Pacific,
IBS; New York, Texas 4 Mexican (RiCli-
lnond to Brownsvillel, $50; Chicago, Texas
g. Mexican Central dallas to Fort Smith,
.,stimatedl, l50;Atchison, Topeka & Santa
Fe, $50; Texas & Mexican proposed line,
San Diego to Houston, est mlted), $780,
Texas Pacific, l45; Houston, Eastern 4
Western Texas, (estimated), 100; Sabine
Pass q Texas Northern ESTIMATED, Mar
shall to Sabine Pass l00 Missouri, Kun.
sas 4 Texas, 100; st, Louis, Texas & Gull OF
Mexico, 100; Texas Western, Houston to
Fredericksburg, estimated), 100; miles ODE
bulltby eight other roads, S35.
In the section west Of the Rocky noun.
tains the number Of miles Is $40, to b.
built as follows Oregon Railway and
Navigation Company, ga; California and
Oregon, $50; California and Southern, ll6
In the foregoing statistics, railroad pro-
iects in Canada, Mexico and Central Amer.
lea arc. omitted, aud in the present condi.
ton OF
uNEXAMPLED ACTIVITY,
when new projects are springing into life
every week, II must DO obvious that thu
number OF miles OF road now absolutely
IN progress, or for which the money hls
already been engaged, will constitute only
II moderate part Of the entire number Of
miles to be constructed before the close OF
1882.
The average cost OF completing railroads
in the whole country may be estimated at
$4,000 per mile; but this means the
amount OF cash expended ON the work,
which Is considerably less than the amount
Of capital called for on the companies
bonds, Several Of the most prominent
railroad loans have been marketed by the
bankers taking them at 10 per cent advance
on the prices paid by them to the com.
panles. Thus, for each $1,000 Of bonds
Issued, the company receives 5000 In Clsll.
Again, the construction per mile does not
include equipment, and, all things taken
into consideration, including tunnels,
bridges, extraordinary grading, etc., 1t is d
moderate estimate to say that every mile Of
railroad built and equipped calls for an
average outlay Of at least $4,000. The
roads, therefore, already undertaken, with
track to BIO laid thereon between October /,
1881, and December 81, 1882, will cost, with
about $3D7,00O,00O.
From January to October Of the cur.
rent year there Is q record Of 5,03i miles OF
new road built, and IN estimate OF 10 per
cent additional, which would make the
actual mileage $3.50 to October |. This, at
the r,Ite Of $4,000 per mile for road and
would have cost $l46,0 O0 900.