_ • . ' - - • , / ; • - 1 • DN~ , I • " • - • _ • . ' A. S:' GERRITSON; Prpprip•Ot..l'. The Unionfuthe Raft ad from. omit: ha, Nebraska. WHIT HAS BEEN DOM,. AND WEIZX IT WILL BE FINISHED. No great enterprise was .-ever begun about which so little has been said and so much has been done. The pitblie .have a vague idea that a railroad is being built from somewhere in the Eivit to some where in a farther West than a rail track has ever i before been laid ; but where it begins, br what route it follows, or where it is to end, we venture to assert, not one in a thousarid can tell. For a dozen years we have heard that a great Pacific railroad was to be built, and a dozen names and a dozen companies, and a dozen routes—from the southern boundary of Texas to the Northern boun dary ofLake Superior—have been urged upon Congress as the greatest and best means for uniting the Atlantic and Pacific shores. Bubble after babble was blown, and each burst in turn when touched by the sharp point of practical experience. The absolute necessity for a Pacific railroad to -retain and bind more closely together the eastern and western extremes of the continent in one great United and Pacific country, the immense cost at' gov ernment transportation to its frontier and Rocky Mountaiii posts, and the even greater cost of Indian ,:wars, in a region that nothing but a railroad could civilize, and nothing but civilization could pacify, the great importance of opening a road to the rich gold and silver mines of the rocky and Sierra Nevada Mountains, so that the way tb the resumption of specie payments might be made shorter and easier,—all these prudential reasons finally pressed with such weight upon Congress, that it determined that the road should be made. There were, indeed, many others ; two thousand miles of additional territory would be opened for settlement; vast bod ies of 1 and now valueless would be made productive; the tide of business and trav el that no winds a tedious and danger ous way al3ug the borders of two oceans, would be increased ten fold; and bow would the fathers in the east strike hands with their sons and daughters at. the Gol den Gate, if they could only be borne on the wings of the locomotive! The imperative need of the work was admitted, but it was too vast for individ ual enterprise to attempt. No combina• tion of private capitalists was willing to risk a . hundrqd million dollars in the con struction of 2,000 miles of railroad throt a wilderness. As the undertaking was strictly national, so no Tower less than that of the nation was sufficient to accom plish it; and large as the cost necessarily would. be, the expenditure would save a mach greater cost to the country.* But the Government did not wish to enter upon any new system of internal improve ments on its own account; and its only al ternative was to grant its :lid in the most careful manner to such responsible indi viduals of suitable character and energy as might be willing to risk a portion, of their private means in the construction of the road. THE COMPANY'S CFIAIITEn AM) UOUTE This charter was granted and perfec ted' by various acts of Congress, and the Company cornprises men of the highest reputation for' integrity, wealth, and bn sines,s experience. Among the officers are General . ..Tohn A. Dix, President, Thet*C. Durant, vice : President,, and Hon. John J. Cisco, late Assistant. Trea surer of the U. S. Treasurer. The capital authorized by the Charter is one hundred million dollars, of which it is estimated that not exceeding twenty five million will be required, and of which five millions have already been paid in. Surveying parties were at once pushed out in various directions across the con- tiuentlo find and locate the best availa ble line between the Missouri River and ; the Pacific Ocean. This was established at Omaha, in Nebraska, on the east, and I will finally-be at San Francisco, in Cali- fornia, on the west—a distance of nearly 1,900 miles. The Chicago . and North western railroad is now completed from Chicago to Ornaha, - a distance of 492 miles; and several other roads are rapidly building to unite with the Union Pacific in the same point; so that its eastern con nections will be numerous and complete. The general line of the road from Oma ha is west up the valley of the Great Platte, and thence across the plains -a dis tance of 517 miles, to the Black hills, or easterly spur of the rocky mountains Seymour, the cosulting engineer, reports that the ' grade is much more favorable than was anticipated—the maximum to the rocky Mountains not exceeding 30 feet .tio n the mile, and froirrthltpr4l:l6 the istnninit, or divide of the continent,' it will , not exceed 80 :feet to the; mile. From the Rocky Mountains, the best practicable routs 'rill be :taken to Great Salt Lake city and thence by the valley of the Humboldt river.to tire eastern Vase of the Sierra Nevada Mciantaitis. T4f tral Pacific - relined its,-.now bcing'7o llll 7 built east from Sacramento, Cal., Fid is ai!eadY completed- 'about 100' miles,'and l will cement with the Union Pacificl. ; Iva-AT sitar - 3Oots'ilii)•'us COST'. . As Nyexemarked beforectheri'hai' been very little talk, and a great:deal of ;writ' Altitost before th‘l . public were aware, it bad been.beigon. On the first of Janua ry, 1867ithis union Pacific railroad was finished f0r30.5 miles west from Omaha, and fully elinipped with locomotives, roll ing stock, repair shops, depots, stations, .&c., and the company have on hand Iron ties, and other materials, sufficient to fin ish the road to the rocky mountains, or 517 miles frotn Omaha, by the first of September,:lB67. It is expected that the whole line through to California will be completed ip 1870. The first 305 miles were graded,bridg ed and ironed, with a heav T-rail, and supplied with suitable depots, repair shops, stations, locomotives, cars, and all the necessary appurtenances of a rst class road, for $40,000 per mile, and it is be lieved that the remaining portion will not increase the average cost to more' than $66,000 per mile, exclusive of equipments. MELigt3 FOIL tONSTRUCTION. When the government determined that the road must be built, it also determined to make the most ample provision to ren der its speedy construction beyond a doubt. St. —TRE GRANT OF MONEY.—The Government issues to the company its six per cent. thirty year bonds at the rate of $16,000 per mile for the whole road, and in addition, for 150 miles across the rocky mountains this grant is trebled, making it $48,000 per mile; and from the termina tion of this section to the California line (about 89 miles) the grant is doubled, making $52,000 per mile,—the whole amoulit, being $44,208;000. These bonds are issued I:iy the Government only on the completion of each section of twenty miles and atter the commissioners appointed by the president of the United States have certified that it is thoroughly built and supplied with all the machinery;"4-m, of a first class railroad. The interest on these - ] bonds is paid by the U. S. Treasury, and the government retains, as a sinking fund to be applied to repayment, of principal and interest, one half .the regnlar charges made for transportation by the Company agaiust,it. " These bonds, which are a sec ond mortgage, are not due for thirty years, and it is not improbable that the value of the services to be rendered to the government during that period will' con- 1 stitute a sinking fund sufficient for their redemption at maturity. 2d.—TEE FIRST MORTGAGE BONDS.— Tfre government permits the company to issue its own Mortgage bonds at the same time, and on just the same terms, and for the same amount, and by special act of Congress these bonds of the company are made a first mortgage on the entire line and property of the road,-the" government bonds being subordinate. The amount of these bonds to be issued by the com pany is limited to an amount equal to those issued by the government to aid in the construction of the road. , 3d.—THE LAND GILINT.— Whi I e tDIS is certainly munificent, at the same time it is most advantageous to the government, for without it, all its own laupli, would re main almost worthless. It is a donation of every alternate section for 20 miles on each side of the road, or 12,800 acres per mile, and amounts to 20,032,000 acres, assuming the distance from Omaha to the California state line to be 1,565 miles. Much of this land, especially in the valley : of the great Platte, is a rich alluvium, and is considered' equal to any in the world for agricultural purposes. Hon. E. D. Mansfield, : the 'learned commissioner of statistics for the state of Ohio, estimates that at least 9,400,000 acres will be avail able to the company within a moderate length ofstime, and that it is fat within bounds to estimate this entire grant at $1,50 an acre, or $30,00,000. The Illinois central has realized more than four times this"sum from a similar grant. • RECAPITULATION OP BIEANS POP. 1,565 U. S. Bonds, equal to money, 844,208,000 First Mortgage Bonds, 44,208,000 'Land grant, 20,032 1 000 say 30,000,000 $118,416,000 --equal to a cost of nearly 81'6,000 per mile, which is believed to be a liberal es timate. This does not take into the ac count ;he value of the right of •way and material, the stock subscription already paid in or to be paid in the future, or the present discount at which the bonds are -offered, as they are expected soon to be at par. Theinterest on the bonds is more than provided for: by the net earnings of the various section 6 of the road, as they ar eomilfeted. On • the 305 miles on which the -cue are now running West from Omahi, the receipts for the- first 2- weeks in May were $113,000; and as the road is extended towards, the great mining *en , ters; tliebbilnesi in freight and:passen gers constantly increase--and as there e.an,be no Competition from rival roads the CoMp . any has fall power to charge remu nerative prkes:* PROSPECTS FOB FOTITRE BUSIINTEBS It needs , to argument to 'show that the tratSo;of the only rallioid connecting the Atlantic and the Pacific, and passing thro' the great .lnining region, mast? x hn lnense. MONTROSE, PA., TUESDAY, JUNE 11, 1867. Although our annual product of the pre cious metals is now officially estimated at 8100,000,000 per annum, a vastly greater sum will be obtained as soon as the Un ion Pacific railroad opens the way.to the golden region of the rocky Mountains. Now, the difficulties and cost of commu nication are so great, that none but the very richest veins cab be worked; but with cheap transportation, hundreds of thou sands of hardy miners will successfully develop other mines, that, with less cost ly working, will be even more profitable than the average of those now in opera tion; and the business of this constantly increasing mining interest must pass over the road. / The records of our shipping offices show that not less than 50,000 passengers now annually travel by sea between the Atlan tic ports and San Francisco; and these re4koned at $l5O each (about one half the steamer price) would produce a revenue of $7,500,000. The . overland travel is oven greater. In a single year, twenty seven thousand teams, comprising a vast number of emi grants and travelers, departed from two points only on the Missouri river on their westward joutney. If the truth of this statement was not familiar to all fron tier's men, it might well be questioned. But, estimating the overland through travel at the same figures as that by steamer, and we have $15,000,000, as the minimum estimate on the same number of passengers. But the facilities for cheap and rapid transit furnished by railroad al ' ways vastly increases the amount of tray 'el with the same population. The differ ence between the numbers who would take an ocean steamer or a prairie wagon and a modern palace car, with its luxari rious state rooms, where the traveler eats and sleeps. almost as comfortably as at 'home, may be as great as the difference between the numbers who were jolted over the mountains in an old fashioned stage coach and those in an Express train between any two great cities. Then, is it not safe to say that this through trav el will be at once doubled on the comple tion ofthe road in 1870, .and, with the rapid increase of pacific coast population in the next few years, more than quadiu pled Is it at all extravagant to assert that the through passenger business du ring the first year after the first train of cars runs from Omaha in Nebraska to Sacramento, will be worth twenty five million dollars? When to this we add half as much more for its way passenger business, and more• than as much more than both for its freights, expresses and mails, etc., are there not the best reasons in the world for believing that the Union Pacific railroad will be one of the most profitable as well as one of the grandest . works of modern times ? THE SECURITY AND VALUE OF ITS BONDS We-have made these calculations that the public may have some brief data of facts from which to form their estimate of the value of the union Pacific railroad company's first mortgage bonds. Be sides, men of the greatest railroad expe rience in the country have shown their confidence in the stock by liberal spbscrip tions, and this stock must be subordinate to all other claims. There are stronger proofs of the security and value of the first mortgage bonds than any we have named : 1. That for the safety of the country as well as national economy the read is in dispensable. 2. That by an investment of about fifty millions in a second Mortgage on the road, the Government, practically guaran tees the principal and interest on the first Mortgage. The company now offer alimited amount of its first mortgage bonds, bearing six per cent. interest-, payable semi annually in coin, at ninety per cent. This interest at the current rate of premium on gold is equal to nine per cent. per annum on the price for which they are now offered. The company expects to sell but a small am't at this rate, when the price will be raised, and like all similar bonds they will finally rise to a premium above their par value. The subscribers to this loan will not only have the advantages of very liberal , in terest and very safe security, but will also have the satisfaction of having asistsed in the construction of the greatest national work of the country. wit has been proved, already, that the entire Int e rest on the fifty millions in bonds advanced by the govern- ment will be saved more than twice over is the conse quent diminution ht Government expenses in the re gions through which the road passes. The prise of freight byteints from the Missouri riv er was lortnexly twenty dye cents per pound, or $5OO per ton. In a certain school in Springfield Mass., the lady teacher, a few days since, I had occasion to punish one of the little boys for using profane language. There lAing a knot hole in the floor, she con ceived the idea to make' him think he had got to stand near by with a pair of tongs and watch until he caught a rat that should come up from below. Stationing him, she gave him, strict injunctions , to remain until be accomplish the feat; calculating, of course, after he, bad stOod there a couple , of hours, to send him to his seat. Judge of her surprise, when two-minutes after he fastened the tongs to a' getmineliVe fellow of the rat kind, with enormous whiskes and tail, 'arid . holding Mtn up exclaimed, " By jinks caught him !" I Coal Oil to •• Trottel Stearnehips and , LoMotives. The great, important 'and calustanq in creasing part which' steam P'ONVer tal king in the world'S progress has awa kened the attention of thOughtful, econo mists to the fact that the-Material neces sary to evolve the vapory but untiring giant from the simple eleipent:of water is constantly decreasing in quantity .and' in creasing in value. Coal is now 'se univer sally employed as domestic pael that the immense supply needed for •ho genera tion of steam in the various industriab pursuits, and the 'steam tuapie of the world's commerce, and the navies of the• nations, is taxing the means of almost ev ery individual in the community. The present rapid consumption;lof 'coal is therefore a question of profound interest, and much care• and attention has been given to maturing plans foi.sja less rapid and more economical consumption of the valuable fuel. The latest discovery in this direction promises to be of the utmost importance, and its ultimate and complete success seems certain. The now method propos es to abolish mai altogether from be neath steam boilers, and put in its place petroleum. The mode •of effecting this desirable enange was originated by Colanel Henry R. Foote, of Tennessee, and his process has been patented. The attention of the United States Navy departnient has al ready been called to this new steam gen erator, and a Board of three Chief Engi neers have examined it, and rendered a favorable report, -Chief Engineer Isher wood ordered the fourth class United States steamship Palos to be fluted up for a full and complete trial of the now inven tion. And on board of this vessel the ex periment ie now in progress, in Boston harbor. The new apparatus is simple and inex pensive, consisting of a small iron box or retort located in the grate bars, and hav ing burners all around it. Its bottom is kept hot by burners beneath. The oil is carried into it by a small iron pipe, and vaporises as soon as it enters. Steam then introduced through a coil of iron pipe filled with filings and' located over the burners, where it is intensely heated and decomposed, and its gases enter thn retort, into which air is at the same time forced, and the whole farms a gas which escapes from nine hundred burners,where it burns with a clear, intense blue flame, completely filling the furnace and extend ing into and through the flues. The heat is very great. It emits no smoke, can be increased or diminished in a moment, or be entirely diminished by turning a stop cock. The apparatus is very simple, and any part of it, if broken, can be repaired or made new by any mechanic. No altera tion of boilers is required. It will burn whatever coal will, and the fire can be run by any man of ordinary intelligence after an hour's instruction. It dispenses with all coal beavers, and requires but one inan to every two or three fires, to keep them in perfect order. It is clean and convenient, and saves the time and trouble of taking in coal and disposing of ashes, and, there being no sulphur in the oil, as there always is in coal, the boilers and flues will he more du rable, notwithstanding the ,greater inten sity of the,fire. But the great Value of this invention in steamers is the gain in spaCeand,tonnage. The amount of fuel required is only about one-seventh of the weight and bulk re quired of anthracite coal, and the invent or is satisfied that after perfecting his ap paratus, it will take less than one tenth, leaving all the rest for freight or passage room. If this fire rest_ will enable ships to steam from sixty to one hundred days, and to visit ports in all parts of the world from which they are sow excluded, while the direct gain in the saving of the fuel of the civilized world will be almost beyond computation. The best petroleum for the purpose of fuel for steam boilers is that which is tained from wells in West Virginia, on account of its gravity, which renders it non-explosive, and it is claimed that it, can be handled and stored with the same safety as lard oil or coal; thus avoiding all the objections to the light oils of Penn sylvania. The quality-of the oil used in the experimental test should receive par ticular attention, in order to make the success complete, which is sure to be in the hands Of practical men. -One. Of the meanest men in New England is said to reside at Northampton, Mass. Ile sued his brother, the other day, for twenty dollars, foe the board of himself and wife during a visit which= they paid him three years ago when first married. —To leave church before it is out, whis pering, gazing at strangers, loud laughter, climbing barber poles when " seas over," and kicking the dog under tho table when at"bredkfaist, is impolite. Ali APT ANS*ER:-It Was an apt an swer of a,yonng lady ' .WIK4 being asked Where wns her native pl,acp, replied, "'I have none; lam' the'daughter bt a' Meth odist minister." An Original Income Tax. The following is a copy of a return fore warded to an ASsistant Assesitor in the Seventh United-States Interns' Revenue District of Massachusetts : " Dear Sir acknowledging the tb ceipt of the blanks wfiich you ' were so kind as to leave at my residence, I have to say that, however much I may regret the fact, it is nevertheless true, that' my financial standing 'does not; and from all appearances will not allaw me to assist in lubricating the wheels of the government. I cannot refrain, however, from filling'the blanks as rsgnested. " I 'have some little property, and altho' not enumerated in the printed sheet, will you allow me, if for nothing else than my own gratification, to place them in my as sets: One little bay mare named (sound and kind in all harness, stands without tying, eats anything,) and of but little value. "A buggy not paid for, though good for several years. It is now repairing. " I have also a dog, five cats, and two pigs, and the sexes of the latter are equal., ly represented. "Judging from the past I am free to say that if I keep the pigs through the summer, I shall be obliged to call upon the United States to assist me. Ido not know how in the world I can get along, and am happy only when I know that a rich Man cannot enter the kingdom of Heaven. " My clothes are all second-hand, and my bouts are about gone. No tailor has made me a suit for years; and since the publishing of Income Returns was com menced, my credit Las been sadly sha ken. But, being poor, I get hope and strive and work, and wish, and better than all, lam happy. Find the man who pays his twenty thousand income, then come and visit me, and judge yourself of `life among the lowly,' and which is the happier. " - When my boy grows np, I hope he may excel his father in financial ability, of which no one who knows me doubts, and that you, Mr. -, may live long en ough to visit him for many years to col lect his income tax. " Yours, &c. (fiignp,l) Bill Simpson's Legal. Experience. Many years ago the Legislature of Ten nessee passed an act to organize the Co. of McNairy, alias Snake. At that time the country embraced in the limits of Snake was occupied by a set of back woodsmen, totally unacquainted with courts, jails, &c. The county assembled at the appointed site for the purpose of cutting logs, making boards, &c.,to build a court house and jail. The only theme of daily conversation, when the men were assembled, was the court, &c. Noneof thein had ever seen a court in session, as yet developed. Each . one would give what his idea was of court, &c. None, however, were entirely satisfactory, until Bill Simpson was called on to give his ideas. Ho said he knew all about a court; that ho had had a law suit in North Car olina. One of his neighbor's hogs kept coming when he Ted his bogs until it mat fat. One'morning be got so mad that he shot the hog. He thought it would not do to throw.iV away, so he cleaned and salted it. _Shortly after his neighbor and a man.camerto .his house, examined the smoke house, and took him to town and put him in a little office. About three months after a that his man came and took him up to a large room. A large man, sat upon a high bench—a man was sitting at a desk—about a dozen fine dressed men sat in apiece that was pale&around.• The men put him in, a pen that was just behind them. He then called in twelve men; they took their seats in a box in front of the fine dressed men. The man that was writing gave the twelve man a•book, and said something about Bill Simpson and the State. Then one of the fine men read something about Bill Simpson and the hog, and he and another of the fine dressed men .had the biggest quarrel you over hoard. I thought they would fight every 'minute, but they didn't. It was Bill Simpson and the bog, and the hog and Bill Simpson, and sombtimesMr..Simpson but very seldem. After they quit quar relling, the big man talked awhile to the twelve men, and they went out and staid a .short- _time, and mite . back and said something to the men at the desk. Then the men at the bench said, something to the man that put me in , the office, and he took me out and tied rue to a, persimmon tree, and commenced cowhiding me with a cowhide, and it made me so mad that I shook all the persimmons off the tree. Honesty. The followingabecdoto of an Indian, teaches a good lesson to some people that ore more enlightened. An Indian, being among his white I geig,hbors, asked far a . little tobacco to smoke ; and one of them, having some loose is his pocket, gave . him a handful. The dayfollo*ing the IndiOn came bick, inquiring for-the donor, saying he had found a quarter _of a dollar among the tobacco. Being told that it, wati,givert to . biar, 1,1 :9 ,mig4 Aa_w#4 . 4,loep answered pointing to his breast, "I got a good, IVOLU*E X.XIV, NUMBER 24. man - and a bad man here;= and the good man say,, "it is not mine—l must return Tit to the owner." The bad man , say, "Wby hogive it to you, and it is your own now , The good man say, "_That's not right ;'. the tobacco is yonrs; not the money." The bad inn say, i'never mind, you got ii;-go buy some rum." The good man say, "No, no you must not do so." So I don't know what to do, and think to go to sleep ; but the good and the bad man keep talking all night, and , ' trouble me; and now I bring the money . back I feel good." It is a good thing for ajoung man to be knocked about in the world, though his soft-hearted parents may not think So. All youths,' or if not all, nineteen-twenti eths of the sum total, enter life with a stirplussage of self-conceit. The sooner they are relieved of it the better. If, in tneasnring themselves with wiser and old er men, they discover that it is unwarran ted, and get rid of it gracefully, of their own accord, well and good; if not, it is desirable, for their own sakes, that it be knocked out of them. -A boy who is sent to a large,school soon finds his level. His wilt may have been parathount .at home ; but school boys are democratic in their ideas, and if arrogant, is sure to be thrashed into a re cognition of the golden rule. The world is a great public school, and it soon teaches a pupil his proper place. If ho has the attributes that belong to a leader, he will be installed into the posi tion of a leader ; if not, whatever his own opinion of his abilities may be, he will be compelled to fall back with the rank and file. If not destined to greatness, the next best thing which he can aspire to is re spectability; but no man can be either truly great or respectable, who is vain, pompous, overbearing. By the time the novice has found his legitimate social position, be . the same high or low, the probability is that the disagreeable traits of his character will be softened down or worn away. Most like ly the process of abrasion will be rough, very rough ; bat when it is all over, and he begins to see himself as others see him, and not as reflected in the mirror of self-conceit, he will be very thankful Luai. lie 222115 1 LIU LII C gauntlet, sou arriveu though by a rough road at self-know', edge. Upon the whole, whatever loving mo thers may think to the contrary, it is a good thing for youth to be knocked about, in the .world ; it makes men of them. cc * Og . ******.” Knocked About. Black Angels. A short time before the French Revolu tion the mania for liberty was manifested many times by the excessive protection given to the negroes. Among the favorites of this color was one young fellow who enjoyed tbo repu tation of being a good artist. Bonaparte being Prat Consul, the negro came one dhy to ask his protection in regard to a picture which ho wished to place before the public, but it had betin criticised so much that he dare not show it without the favor and sanction of the Consul. Bona yarte manifested a desire to see it, and it was accordingly brought into his pres ence. The painting represented the Eternal Father, the Virgin and the Son of• God, surrounded by angels, but, all were black ! At seeing it Bonaparte was unable to con laity himself, arid burst into a loud laugh. The artiat vindicated himself, saying: "The whites believe that a black akin is a mark of infamy by which the descen dants of Cain are condemned ; we on the contrary believe that the white skin was given to , men as a curse. Yon• believe that God and the angels, aro white, and why should we not believe that. they are black ?" " You have an indisputable right to make them so, and to paint as many black angels as you choose," replied the Consul ; " but Nhen they are completed, the best use you can make of them is to send them to the Island of St. Domingo." tar One evening a parent was hearing his little eon recite his Sunday school les son. It was in the 13th chapter of Mat thew, wherein it relates of the malicious individual who went about sowing tares, &c. " What is a tare ?" the parent interrup ted ,to inquire. .Johnny hesitated. • • "Tell me niy son, what • a tare is." "You have had 'em,"saki Johnny, cast ing down his eye and wriggling his foot. "Had 'em !" said the astonished parent opening his eyes rather wide, "why, what do you mean Johnny?" " When you didn't 4ome home for three days lait week," said Johnny, "1 beard mother tell Aunt Susan you was off on a tare." The 'Sunday school lesson was brought th an abrupt close, and Johnny, who knew , too much altogbether to sit up any later, was sent to bed. —A would.bs.bride in Dayton, Ohio, aged 60, has sued .a. gentleman of 70 for breach of bromine. She shows One of his letters. In which be 'said he "existed only in her ignites, and that the 'happiest 'days of his' life would' he that on *hush he should call her his own."