Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-10-31
A CROSS THE SIERRA NEvADAS
IA $40 n VIZ WE--h
TaE CENTRAL PACIFIC RAIDRoAp,

s. . D..
The Western half OF the Great National
Trunk LINE across the Continent being con
strueted with the aid and supervision OF the
Unlted states Government, IL destined " Do
one Of the most Important lines Of communal
cation In the world as Il 10 the sole link Re.
tween the facinc OoAst and the Great Interior
Basin, over which the immense Overland travel
must pass, and the principal portion or TIE
main stem line between the two Oceans. -a.,
Its line extends nom Sacramento, on the
tidal waters Of the Pscidc, eastward across the
richest and most populous parts OF California,
Nevada and Utah. contiguous TO AL TIE great
Mining Regions OF the Far West, and will meet
And connect with the roads now bnllding eAst
ithe Rocky Mountsins About 100 miles are
now hullt, equipped and In running operation
10 tae summit OF the Sierra Nevada Within u
few days IS miles now graded, viii Ne added,
and the track carried ent rely across the 'aoan
tSin- 10 point In the Grat SAT- Lake Valley,
whence further p'Ngress will be easy aud RAPID,
IrOll, materials and equipment are ready at
hand for 81 miles OF road, and 1000 men arc
employed In the construction,
The local business nnsn the completed ",
ncn surpass,s 81 previous estimate. The
hgures FER the quarter ending Angust 81 are ~
follows In Gold; Yross earnings, sfs7,679 ~
operating expenses, Ss5,SiS AZ; net earnings,
Si0l, 0Sl II, or at the rae Of two millicae per
annum, OF which more than three 'foutths are
net profit on lees than 100 miles worked This
IL upop the actual, legitimate traffic Of the rOsd.
with ne terminus in the mountsinr, and with
only the normal ratio OF government transport
alton, and IL exclusive OF the materials carried
for the further extension of the road.
The CompSny's interest liabilities during the
same period were lers than Si25 COZ.
Add to this an ever. expanding through traffic
and the proportions OF the future business be,
come immense.
The Company are authorized to continue
their line eastward until IL shall meet and con-
meet with the roads now building east of the
Rocky Mountain ranges. Assuming that they
will build, and control half the entire distance
between San Francisco and the Missouri River
as now seems probable, tie United States will
have Invested in the completion OF S65 miles
gas 592 900 or at the average rate Of SS5 900 per
mile-not including an absolute srant of TO-
0OO,0OO acres OF the Pubic lands, BY becoming
a Joint investor In the magnificent entersrisc,
and by waving its first lien IN favor of the First
Mortgage Bondholderr, the General Govern
ment in effect, invites the cooperation OF pri
vate capitalists, and has carefully guarded their
interests against all Ordinary contingencies.
The Company offer for sale, through Us, their
First Mortgage Thirty-Yesr Six per cent. Cou.
pom Bonds principal and interest payable III
Gold coin, in New York city. They are in sums
of 1000 each with semi annual gold coupons
attached, aud are selling tor the present st rs
per cent. and accrued interest from July let
added, in currency, at which rate they yield
nearly nine per cent upon the Investment. .
These Bond-, authorized by act of Congress,
are Issued only a. the work progresses, and 10
p the same amount only AZ the Bonds granted by
the Government; and represent in all cases the
first iieR upon a completed, equipped and pro
ductiye railroad, In which have been invested
Government subsidies, Stock subscriptions
donations, surplus earnings, ETC., and which II
worth more than three times the amount o.
First Mortgage Bonds which can he Issued
upon IL. --s. -.# .sa ..a .-I5.C .
The Central Pacihc First Mortgage Bond:
have all the assurances, sanctions and guaran
ties of the Pacific Railroad Act of Congress, and
have In addition several noticeable advantage:
over all other classes of railroad bonds
lst They are the superior claim upon alt
gether the most vital and valuable portion o.
the through line. H .'.Es"t
I'd. Beside the fullest benefit of the Govern
ment subsidy. (Which Is a subordinate lien ! the
road receives the benefit of large donation.
from California. , .
3d.-Fuily half the whole cost Of grading SO(
. miles eastward OF San Francisco Is concen
traIed upon the $50 miles now about completed
4th.-A local business already yielding three
fold the annual Interest liabilities, with adyan
tageOas rates payable in coin. .-,
5th-The principal as well as the interest D
its Bonds being payable N coin, upon legally
binding agreement.
Having carefully investigated the resource.
and prospects of the Road, and The manage
ment OF The Company's affairs, we cordially re
commend these Bonds, to Trustees, Executor
lnstnpilons and Others a. an eminenily sognS
} invcstment.yg s. la& .a4LlJa AA 10 sltav
Conversions OF Government Securities lntc
Central Pacific First Mortgage Bond. now re
alize for the holders from Twelve to Fighter
per cent advantage, with the same rate Of In
terest
The following are the current rates (Septem.
Der 9thO subject, of course, TO slight vsristions
from day TO day. We receive in exchange:
US. Skies, 1851, coupon, and pay differ
rwst -t.s.r p. -a ~ 'atfN [ancs, iso a.
US. Fiye-TweAties, 1889, coupons, F" $50. ~