Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-09-26

aTrN HT.il mo H - % % NJ liza Z FTl0 :
STATES GOTERNMENT.
s95,gJ iI5A br--+-1i i 'I8'.Ha3
The amount of these First Mort
gage Bonds to, be issued per mile is
limited by law to the amount of
United States Bonds allowed and is
sued to aid the construction of the
Road, and the Mortgage by which
they are secured is decIdred by 1ct
of Congress to constitute q lien
DriOr and superior to that of the
United States GOUeri,nte',t. rri'+I
! The aid received from the Govern
ment Tin amount equal to this, First
Mortgage) is economically and judi
ciously applied to the construction
and equipment of the Road, together
withnearly 81, 900, 900, received from
Stock Subscriptions and other sources
The First Mortgage therefore amounts
to but about 35 per cent? of the actual.
cost and value of the Property which
it covers. b"h-tE, '"'oo
The road is now completed, equipped
and running from Sacramento City
to Alta, distance of S3 miles, and the
earnings for the three months ending
August 1st were as follows, VIZ:
observation-disclosures q
'-June s"a I!9: 80. ...g.' 81, 7,429.79 7'a
July I" ...d;....! -. -, 85, 10000 ID
W., .r.,. s,. ...ac,, ~ IN GOLD. ,gtaJ a. }G,,I a.
The earnings are steadily increas-
ing, and are estimated at over 800, 900
in Gold for the month of August the
official report for that month not hay-
ing been received at this date. t,ao. j
The construction Of the road is
going vigorously forward, Ia miles,
additional being nearly ready for
the cars,-and it will probably be
in full operation to the California
State Line - 156 miles from Sa-
eramento, ,city-duringI the, summer
Of 1867, when its earnings must be
very large, as the entire trade of Me-
vada, and a large proportion Of that
Of Utah, idaho and Montana must pass
oyer its line. 1t has been shown by
reliable statistics, that in 1868 over
$13, ,ooo, 900 in Gold was paid for
freighting goods from California to
Nevada alone. d%.si u 3's'a 7'lo o's
This part Of the Great Pacific Rail
road Route is destined to be one of the
most profitable lines of railroad in the
world, and its First Mortgage Bonds
are among the best secured and most
desirable investments ever offered.
Over $1,000, 900 has already been
expendedin grading beyond the point
to which the road is now running, and
the iron is bought and paid for spffl-,
cient to lay, the track the entire dis
tanoe to the State Line.n uss nl4. a 1jai
The Road has been completed and
equipped thus far without the sale Of
a. single dollar Of its First MortpI
gage Bonds, and they are now offered
to the public for the first time, after
the earnings Of the Road have reached,
the sum Of $100, 900 per mopth, in,
Gold, only about % per cent. Of which,
is required for operating expenses
-lThe Bonds are offered at 95 per cent.
and accrued interest from July 1st, in
Currency Orders may be forwardedto
US direct, or through the principal
Banks and RankessDiaan parts Of the
country, PIUD HJJo9 3gIlOUu@
Remittanfes may be made in drafts
on New York, orr in Legal Tender
Notes, National Bank Notes, or other
funds current IN this city, and the
Bonds Vim be forwarded to any adj,
dress BY Express free Of charge, In7o
! quiFies for. further particulars, by
! mail or otherwise, will receive pune
tual attention. siiIa s,g 3, ,ssM mn ii
DIN FISK e. HATCH. .'i