Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-10-20

ell and Gided Oy the UNITED
STATES GOVERNMENT.
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 declared OU Act
of Con0ress to constitute q lien
Dr.iOr and 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, ,ooo, 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. - Oil
The road is now completed, equipped
and running from Sacramento City
to Alta, a distance of':3 miles, and the
earnings for the three months ending
August 1st were as follows, viz:
May, 1see..........-..$65,1 1883 '''
June .........-.. 81, ,429.79
July .........--.. 100000
1874 IN GOLD. a p
n The earnings are steadily increas.
ing, and are estimated at over $10o, 900
in Gold for the month of Augustine
official report for that month not hav-
ing been received at this date. u
The construction Of the road In,
going vigorously forward,-24 miles
additional being nearly ready for
the cars, land it will probably be-
in full operation to the California
State Line = 156 miles from Sa-
cramento City-during the summer
of 1867, when its earnings must be
very large, as the entire trade Of Me-
vada, and large proportion of that
of Utah, Idaho and Montana must pass
over its line. It has been shown by
reliable statistics that in 1868 over
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 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
expended in grading beyond the point
to which the road is now running, and
the iron is bought and paid for sufi-
cient to lay the track the entire dis
tance to the State Line. lsnfesj
The Road has been completed and
equipped thus far without the sale Of
q 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 90 per cent. of which
is required for operating expenses
The Bonds are offered at o5 per cent.
and accrued interest from July 1st, in
Currency. Orders may be forwardedfo
US direct, or through the principal
Banks and Bankers in all parts Of the
country. - 33t tmg) e.
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, viii receive punc-
tuai attention. :,
FISK a. HATCH
Z hs'.a ~ nB4NKERS. aa,V,
No. 8 Nassau ST, New York.
|oii2N B.--An kinds of Government 7se-
curities received aE the fu1l market