The Portland daily press., 1867-10-16
,sII MsscsLLaNEoUs

,.ssSEIN1ERAL sl
Pacific Railroad
The Western half of the
Great National Trunk Lia.el
ON Across ns Go,.,s,se,,t, q a
Being constructed with the AID and SUPERVIS- |
ION OF THE UNITED STATES sGovERNMENT. |
Is destined to be one of the important lines OF
10 the world, as it is the sole link
between the Pacific Coast and the Great Interior
Basin over which the immense overland travel must
pass, and the ,ft9ss4E stBS83 rs b
Principal portion of the Main Stem Lime
between the Two Oceans. sii
e ltsslhe extends from Sacramento, on the tidal
waters OF he Paeiiie eastward the richest and
most populous PARTS Of California Nevada and ut,h
contiguous TO all the great Mining Regions of The Far
West, and will meet and connect with ,he roads now
building east Of the Rocky Mountains About loo
miles are now built equipped and in running opera
ton to tie summit Of the Sierra Neyada.a Within
few Us 35 miles, now Graded, will be added, and
the track carried entirely the mountains to
point in the Great Salt Lake Valley whence further
progress viii be easy and rapid. Iron, materials and
eqnipment are ready at hand tor 500 miles of road
and 900 men are employed in the construction.
The local business upon the peted portion sur
passes all previous estimate. The figures ior The
quaar'efsnding qsa August sLare asfslowsin GoLD:,s,
Gross Operating Net asi
80. l'o hooraHtags, nHgs, Expenses, Earnings,.,
S4s7, ,519 81 Ss6,54S A. sAOi .OsI ~
tlaar nf f.r,, l..
more than three ourths profit less than 100
mil $ worked, Thisis upon The eactnal. legitimate
traffic the road, with its terminus in the mountains
and with only the normal ratio government trans
portaOn, and exclusive of the materials carried tor
| the further extension Of the road.
The Companys interest liabilities during the same
| period were less than $125 900. I. = InflH ~
Add to This anev never-expandng through traffic and
the proportions OF The future business become I'm
| mense. 70
The Company are authorized to continue their line
eastward until IL shall meet and connect with the
roads now building east Of the Rocky Mountain ran
ges. Assuming that they i'll build and control hall
the entire distance between San Ffauciscoa and the
Missouri River, as now seems probable the United
States will have invested in the completion of
miles SSs,593 900. or at the average rate oi
SS5 200 per milc-not including an absolute grant
OF 10000, 900 acres OF the Public lands. by be-
coming jc'nt investor in the magnificent enterprise
aud by waving its first lien in favor of First Mort
gage Bondholders the General Government, in effect
,"r'fes ne co7operation Of prrate capitalists, and
has carefully guarded their interests against all or
binary contingencies. .. a.
The Company offer for sale, through us, their
First Mortgage Thirty Year, Six
sssll per Gent. Coupon ROnds, 1
Principal and Interest payable in Gold
Cein in New York city. They are in sums of 81 :.
600 each, with semi-aunual gold coupons attached
and are selling for the present at 05 per cent and
accrued interest ffom July LIST aided in currency al
which rate they yield nearly
Nine per Gent. upon the Imvest.nent. ~
These Bonds, authorized by act of Congress, are is
sued only as the work prore sses, and 10 the same a.
mountoEly as the Bonds grantea by the Govern
ment and represent, in all cases, the first lie upor
a completed, equipped, and productive railroad. il
which have been invested Government subsidies
stock subscriptions, donations, surplus earnings etc.
and which isworth more than three times the amount
OF First Mortgage Bondswhieh can be issued upon it
A, Inc Central Pacific First Mortgage Bonds haye ali
the assurances sanctions and guarantees OF the Pa
cific Railroad Act of Congress and have in addition
several noticeable advantages all other classes
| OF railroad bonds
FRsT-Tbey are the super;or CLAIM, unon aItoootho,
the most yitaland valuable portion Of tbe tbrougl
| line. '' ~ ~ ~
SECOND = Beside the fullest benefit of the Govern
E- ment subsid ', (which iS subordinate Hen,l tn,
r road receives the benefit OF large donation.
| from California. q
RD-Fully half the whole cost OF grading sol
mll.s eastward OF San Francisco is concentrated
| upon the 100 miles now about completed.
| FoURIH--A local business already Yielding three
loid the annual interest liabilities, with advan
tageous ratespayablein coin. =
rIFTH-The principal wen as the interest OF il.
! Bends being payable in coin, upon legally bind
4 ing agreement 17adt sHsif,fssa5 so ! .
i Having carefully investigated the resources pro-
gress and prospects of the road, and the manage
ment OF the Companys aff:ihs we cordially recnnl-
mend these Bonds to Trustees Executors, Institll-
lons and others as an enliDeoiy sounp, and rea0ie
| fenauherdftre form OF permanent investment.
Conventions of GOvermAaent Securities