Monopolies -- United States; Railroads and state -- United States
The statement of the capital stock and funded
debt of the Union Pacific shows about the same condition for its road as
to indebtedness; but the estimated cost of the road is not given.
For proof that we are not mistaken in our estimated cost of these roads,
and that the companies have received from the government a sum more than
sufficient to defray the entire expense of their construction, we turn
to reports of the cost of railroads generally, in the country, made by
men who are in sympathy with our present railroad system. These men say
that the cost of railroads in this country, from their first
introduction, is about $50,000 per mile, and that those constructed
recently will average about $30,000 per mile. We are apt to think that
the cost of the Pacific roads would exceed that of most other roads.
Such is not the fact. On the contrary, taking the entire road into
consideration, the line was more favorable than any other in the
country. It is thus described in the Railroad Manual, before referred
to:--
"The route for the eastern portion of the line is up the valley of the
Platte, which has a course nearly due east from the base of the
mountains. Till these are reached, this valley presents, probably, the
finest line ever adopted for such a work for an equal distance. It is
not only straight, but its slope is very nearly uniform towards the
Missouri, at the rate of about ten feet to the mile. The soil on the
greater part of the line forms an admirable road bed. The road, after
leaving the mountains, has very few affluents, the only constructed
bridges for the distance being one over the Loup Fork and the North
Platte. The base of the mountains is assumed to be at Cheyenne, five
hundred and seventeen miles from the Missouri river. This part is
elevated six thousand and sixty-two feet above the sea, and five
thousand and ninety-five feet above Omaha. From Cheyenne to the summit
of the mountains, which is elevated eight thousand two hundred and
forty-two feet above the sea, the distance is thirty-two miles. The
grades for reaching the summit do not exceed eighty feet to the mile.
The elevation of the vast plain from which the Rocky mountains arise, is
so great, that the mountains, when they are reached, present no
obstacles so formidable as those offered by the Allegheny ranges to
several lines of railroads which cross them. * * * The line of the
railroad up the eastern slope of the Rocky mountains is not so difficult
as those upon which several great works have been constructed in the
eastern states. After crossing the eastern crest of the mountains, the
line traverses an elevated table land for about four hundred miles, to
the western crest of the mountains, which forms the eastern rim of the
Salt Lake basin, and which has an elevation of seven thousand five
hundred and fifty feet above the sea. Upon this elevated table land is a
succession of extensive plains, which present great facility for the
construction of the road.
Public-domain text, read in full here on John Shaqi.
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