The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-31
MISCELLANEOUS.

4
| THE GREAT SUMMIT TUNNEL OPEN.
THE CENTRAL PACIFIC RAILROAD
THE WESTERN RALr OF TEE
GREAT NATIONAL TRUNK LINE
ACROSS THE CONTINENT
Being constructed with ,hs Ar AND SUPERVISION on
THE UNITED STATES GOVERNMENT. Is destined to 10
one Of the MOST IMPORTANT LINES OF coxxuHicA-
TON IN THE WORLD as is the sole inh between ,AS
Pacific Coast ana Great Basin over which the
immense overland travel must pass, and the
PRINCIPAL PORTION OF The MAIN sTER LIMB
BETWEEN THE rwo OCEANS.
the Pacine and pspuious
parts Of California Nevada Utah. contiguous all
great mining regions Of the Par West win and
connect with the roads building east Of the Rocky
Mountains About loo miles built equipped Fl.
running operation 70 the Of the Sierra Nevada
Within few days IS miles, graded VIII b added and
the track carried entirely mountains 70 point
in the great Salt Lake Valley whence further progress wiz
bs easy rapid Ion materials and equipment srs r,dv
800 miles of road 900 men arc employed I'm
the construction.
The Company authorised continue sasr .ns east
building east OF the Rocky Mountain rsnssa Assuming
they will build and half the entire distance
between San Francisco the Missouri River, ~ now
probable, tho United win have invested in
completion ssS miles sas $4,000 II the average
of $4,000 per msnos including absolute grant Of
100000 ACRES of the Public Lands ~ becoming
joint investor in the magnificent enterprise and BY waving
its nrst lien in favor of the First Mortgage Bondholders
the General Government, effect invites the opera
ton private capitalists has carefully guarded their
interests against all ordinary contingencies
The Central Pacific Railroad enjoys all the privileges.
grants subsidies conferred by Congress upon
the other parts OF the through line has addition:
special exclusive advantages applicable only
Western Hail.
1.-The Company has received from the State and chief
cities of California, assistance money credit
liable property worth over 100000 gold add.
ton to the full benefit Of the Government ssbsidy.
1.-THE of grading preparing the road bed the
$50 miles of mountain section now nearly completed.
greater than for the $50 miles east Of the hardest
and difficult part Of its construction has there
fore been successfully overcome.
IrI-rhe local business alone Of this road sssabshes i
complete financial success independently Of the vaa
through traffic which must pass H. The ros'
earnings for the months of June and July. upon thu
ninety-four miles then open for business, upward
of s2a7,ooo in gold; of which four-afshs
Iv.-It have composition, but viii carry beside IT,
lucrative local trafnc the whole volume Of
through business which il shared among its Eastern
connections and their branches.
v-fhs road Hes wholly in territory ysdns precious
metals. and ~ revenues collected in coin. It,
rates for ransporss.su very advsnsassous. bslng
than shrss times those Of roads lying sass Of ~
Of operating expenses isles than twsnsy-
i've per cent Of the poss sarnInsA
Win ecnssqusncs Ire ed receives fom - ss,sray
sovernnsas from the STATE OF CalissrniA "a from
municipal corporations annual inissss sslIesisss
which the Company an called upon 70 assume. arc
vsu nsh. The net earnings upon avsrsss Of about
n miles In iss9 were nsarly three times ne amount
Of annual interest," liabilities 70 b. assunsd in building
IT. ana we're ssssss mere than the annual i.ssssss on
The sntiss amount = mat xersss Be.As vAlsA H.,
Company can issue upon the hrss 10 Mia
ne Company sssr for ssie through Nc. sAsar
HlRsr MORTGAGE rHIRrYYRAn
SIX PER CENT COUPON SoxDs
PRINCIPAL AND INTEREST PAYABLE N GOLD
COIN. in New rork city they in Of ssse sasA,
With ss.tannua soad coupons attached cd selling
per cen. and interest," IRON July ssssd n cur
rsuey, q. which rate they yieid nearly
NINE PER CENT UPON THE INVESTMENT
rAss bonds sathorssa b sss Of cs.suus, - Issued
only the work prorssses the sans amount only
- the bonds granted by the governments and pssns In
ell the as lien upon eonpas.sA ssupsss ed pro-
duevs raroaA in which have been iavss.sd svsmnen.
subsdss stoek subscriptions Donations surplus earnings.
&C., and which worth than three tnss shs In ,uns
of arss mortgage bonds which cas b issued upsaiI
The agreement Of this Company pay pseips, and Ia
Of their bonds in coin being made usd Ne Special
Law California authorsas and saforsns con-
tracts 10 pay gold 10 legally binding uulks snas anss.
menss BY companies whers sueh issss.
tive sanction exists
In these important particulars ssean,ss Of Ire central
Pacific Company oasr an degrees Of fssy, aabny
and prsdt combined
The ars morss bonds Of this Company dsstssd to
oocupys prominent place among FIRST CLASS sEcURI-
TIES the msusy nsrssis % this country ssl Europe,
end v without Ssss. eagerly ssssss for 80 ssvsy
dealt hereafter q materially advasss sshs price
q whsA they ere ssv sGsrss