The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1866-09-26


New Work.
Amount Of Issue, $7,336,00o.
In Coupon Bonds of 81, 900 each.
The Bonds hare Thirty
Years to run, dnd are Sc
cured Oy q First MortgdJe,
constituting an absolute
prior lien on that portion
of the Road, Equipments,
Franchises, AMI Entire
Property Of the Central Pa
cite RailrOad Company,
located IN the state Of cali
fornia, and extending from
Sacramento city to the Cali
forni0 State Line, forming u
part Of the GREAT PACIFIC
RAILROAD ROUTE, adopt
ell di,d di{cd 6y the UNITED
STATES COJERNlIENT.
Tho amount IF than Eirst NOr{-
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 declared by act
of Congress to constitute a lien
prior dItd superior to that Of the
United States Government.
The aid received from the Govern
ment lin amount equal to this First
Mortgage) is economically and judi
ciously applied to the construction
and equipment of the Road, together
with nearly 81, 900, 900, received from
.--~--- .-.,.-crptio and other sources.
The First Mortgage therefore amounts
to but about 35 per cent. of the actual
cost and value of tie Property which
it covers. e.
The road is now completed, equipped
and running from Sacramento City
to Alta, q distance OFFS miles, and tho
earnings for the three months ending
August LIST were as follows, viz:
May, 1866. SOS, 1853
June .-......--... 81, 42o.79
July --...--....-- 65, 100000
IN GOLD.
The earnings are steadily increas-
ing,and are estimated at over 500, 900
in Gold for the month of Augustine
official report for that month not hav-
ing been received at this date.
The construction of the road 10
going vigorously forward,-24 miles
additional being nearly ready for
the cars,-and it will probably be
in full operation to the California
State Line - 1856 miles from Sa-
cramento City-during the summer
of 1867, when it's earnings must be
very large, as the entire trade of Ne
vada, and a large proportion of that
of Utah, Idaho and Montana must pass
over its line. 1t has been shown by
reliable statistics that in 1868 over
$13, 100000 in Gold was paid for
freighting goods from California to
Nevada alone.
This part of the Great Pacific Rail-
road Route is destined to be one of tho
most profitable lines of railroad in tho
world, and its First Mortgage Bonds
are among the best secured and most
desirable investments ever offered
Over 100000 has already been
expended in grading beyond the point
to which the road is now running, and
the iron is bought and paid for suffi-
cient to lay the track the entire dis
tance to the State Line.
The Road has been completed and
equipped thus far without the sale of
single dollar of its First Mort
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 100000 per month in
Gold, only about 25 per cent. of which
is required for operating expenses.
The Bonds are offered at 95 per cent.
and accrued interest from July LIST, in
Currency. Orders may be forwarded to
us direct, or through the principal
Banks and Bankers il ali parts of the
country.
Remittances may be made in drafts
on New York, or in Legal Tender
Notes, National Bank Notes, or other
funds current in this city, and the
Bonds will be forwarded to any ad-
dress by Express, free of charge. In
quiries for further particulars, by
mail or otherwise, will receive pune.