New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-05

necessary to complete tho road, shall have achieved
| something for tho country
Mr.. washburne said, In tho House OF Representa-
do not believe there IS one man In five hundred
who will invest his money and engage In bulng ms
road as the law stands. and we must therefore,
hold ont Inducements for them to join In the under
taking We must grant tho faculties whsh are ncen
granite hill; of Engiand % the golden sands Of
california wtcn completed 1t VIII far ouIshhc ~
grandeur and usefulness the famed Appian Wy, ~
viii h, the greatest and most useful work done by man
The 90 G5 per annnm which tho dividends 10 STOCK
holders averaged. does not cover inc whoic ,c ~,
which ther money was invested end II Is enr', S hn
| TO calculate that the average rrturl' """'" " "
over per cent per arn'r
put can the Government with any reason complain
~, Tho returrs made 10 tho stockholders when CON
,,std With us own dividends upon the bonds which ~
has advanced the company and the interest mat IL
| has paid! ,,o p.u,o,a
Companies are OF the par value or. S''V'-'''- w
| 7, has raid for interest up to the first OF
| January, 1884 for the Uni"n ia,
For che the Cen raj aadwes era $50 i5e2i ., 4.
sii3,i3i,075 40
| It has received from the Central Pacific
| rom 1909 June 30. 1873. 49,. 1,s7i43o 90
,sss on 'To nd ,Sc7 lines s Of hs Co. @ 4s
| And since the last mentioned date the pay
mens under tia Thurman Act require
mcns have been sufficient to Increase - ,,- 900 ,,
the amount TO loA2f'Z"S IL
dnc to the company for services unaided lines.
which as the debtor is execution proof may for the
purpose of this statement. be reckoned as payment
II has saved. previously shown. In the trans
portatIon of freight troops and passengers, over one
| hundred million dollars
Saved in transportation Of United States Malls for
the same sixteen years, $50, ,273 25-making a
| total OF R154.5SGS85 10.
In addition to this saving Of money 1t has, by the
building of these roads pacfed the Indians along the
and its troops withdrawn. and what Is OF more CON
sequence than the amount that has been received or
ret aimed will be retained I'm tho Federal Treasury
IS. that the settler and reap without In
currng the risk of an attack from hostile Indians and
can return from HIS days labor without hndng his
home in hes and his wife or children murdered or
brutally outraged; and tho lives OF the young men
previously garrison the frontier forts arc no
savage. And In addition, when occasion arises ior
moving the troops Of tho United states, instean OF
marching twenty miles day, they are now movod
five hundred miles in the same time.
Ouartcrmaster General Meigs, In his report daten
November 4, 1863 tscc Report OF the secretary oi
war 1865 sc. Vol l., p. 113) commenting on the cost
OF sporiatiOn over tho Plains, shows that D"ohe
80 10 at Fort Riley.
o A at Fort Union
3 % at Fort kcarney
. 81 at Fort Laramie.
10 05 at Denver
II 90 at Salt Lake City.
He states that
Tho cost OF trans port alton for military stores west
ward across tho Plains by contract during the fiscal
year ending 30 1865, amounted to S633o $50 81:
"This cxpendtirn,,' the CIafermaster- Con fal
continues " would be reduced by the opening OF rail-
roads, by a which would aid materially In paying
interest upon the cost Of their construction
At tho same time. the cost of trans portaOn OF a
pound of hay. clothing. subsistence. lumber. or
any .other Of tho troops. from the base O
supplies at Fort Leavenworth. was as follows