The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-09-06
< CENTR AL
Pacific Railroad
The Western half Of the
Great National Za'aEnE Lime
Across the Continent,


Being constructed with the AID and sUPERvIs-
ION OF THE UNIFIED STATES GOVERNMENT,
is destined to be one of the in portant and val
liable Railroads in hc world it is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the
Principal portion of the Main Stem Line
between she Two Oceans.
The present western terminus is at Sacramento, on
the navieable waters OF the Pacific; but it will ul-
macly extend from San francisco across the richest
and most p9pulous parts OF California, Nevada and
Btab tieuosss xrsusfrr fervturu-re-
the Far West The company are author zed to con-
tinue their line eastward until it shall meet and con-
meet with the roa Is now building east of the Rocky
Mountain ranges.
Assuming that they will build and control half the
entire distance between San Francisco and the Mis-
souri, River, now probable, the United States
will have invested in the completion of SOS miles
$2S ,S93 600, or at the average rate of S3J 900
per mile-nos including an absolute grant of 10,
900 900, acres of the Public Lands By becoming
joint investor in the magnificent enterprise and by
waving its first lien in favor of the First Mortgage
Bondholders, THE GENERAL GOVERNMENT, IN Eff
Feet, INVITES THE COOPERATION OF PRIVATE
CAPITALISTS and has carefully guarded their inter-
ests against all ordinary contingencies.
The Central Pacific Railroad enjoys al the privi-
leges, grants and subsidies conferred by the Acts of
Congress upon the other par softhe through line, and
has, in addition, several special, xclus i've nd
vantages applicable only to the Western Half
1. The Company has received from the State and
chief cities of California, assistance In money,
credit and valuable property worth over $4,000
900 in gold, in addition to the full benefit of the
Government subsidy ..IraI-tl I'D
H. The hardest and costest part of its construction
has been successfully overcome within the first
he w ha conn
pleted entirely across the Sierra Nevadas, after
which progress to Salt Lake will be easy and
rapid. 'it'
I'LL The local business alone of this road establishes
its complete financial success, independently OF
the vast through traffic which must pass over it.
The gross earnings for the months OF June and
july upon the "a miles then open for business,
were upward of $297, 900 in gold, of which four
ffths were net earnings
w. It can have competition, but will carry be-
side its own lucrative local traffic. the achole voI-
anae Of through business which is shared among
its Eastern connections and their branches.
V. The road lies wholly in territory yielding the
precious metals, and its revenues are collect
Ell III COIN. Its rates for transportation are very
advantageous being more than IL rec times those
ofroads lying east off and the ratio of operat-
ing expenses is less than 25 per cent. OF the gross
earnings. r.l .I
vi In consequence OF the aid it receives from the
General Government, from the State of Califor-
ma ana from municipal corporations, the annu-
al interest oDngatons which the Company are
called upon to assume are very light. The net
earnings upon an average of about rs miles, in
1866, were nearly three times the amount of an
fudt interest liabilities to be assumed in building
it, and aCere $235 900 more than the annual inter
est on the entire amount Of First MORTGAGE Bonds
achich the Company issue upon the first 15O
miles.