The Portland daily press., 1867-10-19
MISCELLANEOUS.

- 49, ~
The Western half of the 50
Great National Trunk Line
Across the Continent, e.
Being constructed with theAID and s1rpppv,s
ION oF THE UNITED STATES GOVERNMENT.
= 20 ne one OF the most important lines OF
communication III the world as n Il tha ..,a ,,x,
os'ween the Pacific Coast and the Great yprarsnr
Basin, overwhieb the immensa nvar,a,a ,.,,.,
pass, and the go "a
Rfanc'pai portion Of the Main Stem, line
between the Two Oceans.
Its line extends from Sacramento. on tha .,do,
waters OF the Pacific, eastward across the richest
most populous parts ofCafornia, Nevada ana Jr,,,
contagious TO all the great Mining Regions of tba E
west and will meet and connect with The roads ,,,
puiidng east of the Rocky Mountains Ahont ,oo
mines arc now puiit, equipped and in running one,a-
tion to the summit Of the Sierra Nevada within !,
lew 'ys 80 miles, now sraded win be added and
the track carried entirely across the mountains 10
point in the treat Salt Lake Valley, whence further
progress viii be easy and rapid IRON motar;o,s o,d
equipment are ready at hand tor 800 miles Of road
and 10 600 men are employed in the construction.
Inc local business upon the com pleted portion sur
passes all previous estimate The figures for the
quarter ending August 81 are as follows in GOJ,D M
Gross Operating Net eA
Earnings, Expenses, Earniaas.
$4S5 ,57964 $S6,54S A. S4OI. O3I \,
or at the rate OF two millions per annum of which
more than net profit on less Than 100
mil worked. This is upon the actual, legitimate
traffic othe road. with its terminus in the mountains
and with only the normal ratio OF government trans
rfnff1
portao and exclusive of the materials Carried for
the further extension of the road
The Compang Interest liabilities during the same
period were less than s125,ooo s8&S.8 n ;
Auu 10 tnls an ever-expanding through traffic and
the proportions ofthe future business become In
| mense.
The Company are authorized to continue their line
eastward until shall meet and cornect with the
roads now building east OF the Rocky Maintain ron
ges. Assuming that they win build and central bal
the entire distance between San Francisco and tl.z
Missouri River, as now seems probable. the limited
states Will have invested in the completion of y 1;
iniies sSS ,o91,OOO,f at the average rate o
30,OOO per miic-not including an absolute gran
OF 10000 900 acres of the Public lands. BY be
coming aJe ntinvestor in the magnificent enerpris,
and py waving its first lien in favor of First Mort
gage Bondholders The General Government, M effect
nr%es the cooperation Of pirate capitalists, AMI
has carefully guarded their interests against all OF
| binary contingencies. -
The Company offer for sale, through u.s. their
FIRST Mortgage thirty Year. Sia
per Cent. Coupon Bonds. ad'
Principal and Interest payable in Cob
Coin, in New York city. They are in sums Of 81
ooo each, with semi-aunual gold coupons attached
and are selling for the present at 9J per cent an,
accrued interest from July added in currency. al
which rate they yield nearly : - 50 4 -
Mine per Gent. upom she Inves,me.,.
These Bonds, authorized by act of Congress, are is
sued only as the work progresses and 10 the same
mount ohly as the Bonds granted by the Govern
bieht anu represent in all cases. the frstl e upol
competed, equipped, and productive railroad, il
Which, nave been invested Government subsidies
STOCK subscriptions, donations. surplus earnings etc
anu which Is worth more than three timesthe amour
OF rIrst Mortgage Bonds which can be issued ipon il
!, The Central Pacific First Mortgage Bonds have al
tne assurances. sanctions and guarantees OF the Pa
enc ha'lroad Act OF Congress. have in addition
/ OF railroad bonds EffFT FFFT 'E.F
FIRsT-Tbey are the superior claim upon altogethe
me most vital and valuable portion of the through
SECOND Beside the fullest lnnAdt Of rho covern
ment Subsidy, (which is subordinate Iien.l In
! road receives the benefit Of large donation
fmnn-Fully half the Whole cost q grading so
| inii eastward 81 Sap Erana isco is concentrate
| upon the lou miles now about completed.
| foukIH-A local business already Yielding three
l. .old me annual interest liabilities, with advan
tageous rates payable in coin. .f'. ssg
FiFIii-Ihe principal as welI as the interest Of IL
| bonds being payable in coin, upon legally bind
| ~ Engagement. i'sal
Having carefully investigated The resources. rro
COmn9nVss t3.,ir l:,IIx.