The Portland daily press., 1867-08-31
t'Hf'+ III e
CENTR AL r..
Pacific Railroad
The Western half of the
Great National Ia'aGnE Lime
across the Continent,


Being constructed with the AUD and SUPERvIS-
ION OF THE UNITE b STATES GOVERNMENT,
is destined to be of the most in portant and val
liable Railroads in the world as it is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the 9l.t
Prime pal poriion Of the NIain Stem Line
between the Two Oceans. -a
The present western terminus is at Sacramento, on
the navigablc waters OF the Pacifc but it will ult-
mately extend from San Francisco across the richest
and most p,pulous parts OF California, Nevada and
Utah, contiguous to all the great Mining Regions of
the Far West. The company are author zed to con-
tinue their line eastward until it shall meet and
meet with the rOa Is building east Of the Rocky
Noun ain ranges.
Assuming that they will build and control half the
entire distace between San Francisco and the Mis-
souri, River, now seems probable, the United States
viii have invested in the completion of S65 miles
$2S, ,502 eco, or at the average rate of $3J, 900
per mile-nos including an absolute grant of 10,
O0O, 900, acres of the Public Lands. By becoming
aoint investor in the magnificent enterprise, and by
waving it5 first fen in fayor of the First Morteage
Bondholders, THE GENERAL Coy ERNMEsT 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 all the priv-
eges grants, and subsidies conferred by the Acts of
Congress upon the other part ofthe through line and
has, III addition, several special, ex clus i've adj
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.
IL The hardest and costest part of its construction
has been successfully overcome within the first
100 miles In few weeks the track will be cem-
PETE entirely across the Sierra Nevadas after
which progress to Salt Lake will be easy and
rapid lrs tI lr..e 3. e..
ILL., 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 1921, 600 in gold, of which four
ffths were net earnings.
W. 1t can have no competition, but will carry be-
side its own lucrative local traffic. the aphoIe vol-
ame of Ahroagh business which is shared among
lis Eastern connections and their branches.
V. The road lies wholly in TERRITORY Welding the
precious METALS and its revenues are collect
ell in COIN. Its rates for transportation are yery
advantageous, being more than three times those
ofroads lying cast of il; and the ratio of operat-
ing expenses is less than % per cent. OF the gross
earnings. 5s -sF.4H- -
VI In consequence OF the aid it receives from the
General Government. from the State of Califor-
MA anu from municipal corporations the annu-
al interest obligations which the Company are
called upon to assume are very light. The net
earnings upon an average of about rs miles, i'm
1se6, were nearly three times the amount or an
ndt interest liabilities to be assumed in JuiIding
st, ana acere S235. 900 more than the annual inter
eson me entire amount Of First Mortgage Bonds
miles.