Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-10-17

forni0, and eUtendi''g from
Sacramento city to the CALI
fornta State Line, forming O
part of the GREAT PACIFIC
RAILROAD ROUTE, adopt
ed and aided 6y 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 tho
Road, and the Mortgage by which
they are secured is declared UU 4ct
of Congress to constitute q lien
prior and superior to that Of the
United States GoUeIIne eItt.
Ns
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. -
The road is now completed, equippsd
and running from Sacramento City
to Alta, a distance of 20 miles, and the
earnings for the three months ending
August 1st were as follows, viz:
May, 1866. 1858
3 June .-..-.....--- 81, ,429.79 b
July I" .....-.-....- s5,ooo.oo
IN GOLD. '.v3r.'B
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 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 -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
$13, 100000 in Gold was paid for
freighting goods from California TO
Nevada alone. q
.4 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
Z desirable investments ever offered
W Over 81, 600, 900 has already been
a 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. liir,o ~ li
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 800, 1000 per month in
Gold, only about 25 per cent. Of which
is required for operating expenses
The Bonds are offered at e5 per cent.
and accrued interest from July LIST, in
Currency. Orders may be forwardedto
us direct, or through the principal ,
Banks and Bankers in all parts of the
country. ID .nr ha a.
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 viii be forwarded to any ad-
dress by Express, free Of charge. In
quiries for further particulars, by
mail or otherwise will receive pune
tual attention. ont ra ss' w Lda
rloa FISK & HATCH
.T1i BANKERS,
No. s Nassau ST., New York.