The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-10-30
MISCELLANEOUS.

Ac1Oss the Continent.
ing constructed with the AID and SUPERVIS- |
ION or THE UNITED STATES GOV EMINENT,
'"e" 10 pe one OF the most Important lines of
"o"'ioh ia the world, as il is the sole link
ps'"eeo 'iie f'cific Coast aud the Great Interior
BASIN, over which the immense overland travel mpst
pass, aud the -
"'pai portion Of the Main Stem Line
s-- between the Two Oceans
mug eA'ehds from Sacramento on the fidal
waters OF Pacific eastward across the richest and
most popuious parts of California. Nevada aod Utob
contagious to all the great Mining REGIONS Of tbe Far
west, anu will meet and connect with he roads now
pulidihg east OF the Rocky Mountains. About 100
mines are now built, equipped and in running opera
''" " eie summit OF the Sierra Nevada Within
re" "'Ss'' miles, now graded, will be added. and
'he .ia'N carried entirely across the mountains 10 a
point IN tpe Great Salt Lake Valley, whence further
os7 WIN Ne easy and rapid Iron materials and
equipment are ready at hand for 500 miles AT road
anu io'ooo men are employed i'll the construction
the local business upon the completed norton sur-
passes all previous estimate. The 6uures lar tho
quarter ending August 81 are A. G,,loxsi in corn.
Gross OPERATING Net
Earnings. Erpenses Earu;uoe y
$4sy, 579G4 ss6,54s4 s4or .og1,z
or atthe rate of two millions per appum. of which
more than ourts are net profit ON less than 100
mil worked This is upon the actual, legitimate
traffic ofthe road, with its terminus in The nounans
and with only the normal ratio Of government trans
portation and exclusive of The materials carried Tor
the further extension OF the road
The Company's interest liabilities daring the same
period We're less than S12i 600 ~
Aod 10 this an ever-expanding through traffic and
the proportions OF he future business become hm-
me Company are authorized to continue their line
eastward until it shall meet and connect with tbc
roads now building east OF the Rocky Mountain ran
ges Assuming that they win build and control balt
the entire distance between San Francisco and the
missouri RIVER, as now seems probable the United
states VIII nave invested in The completion of q 5
n'les SSS,o9%,OOO, or al the average rate of
%so,ovo per mlie-not including an absolute grant
OF AO,OOO.0OO acres OF the Public lands. Ry be
coming ajent investor in the M aeniicent ena,nrisa
ana py waving its first lien in favor OF First Mort
gage Bondholders, The General Go,erume,, an e,ae,
inc'tes TIE cooperation OF pirate cootalists and
has carefully guarded their interests against all or
binary contingencies. sslaae tsl9s4
Inc Company offer for sale, through us, their
FIRST Mortgage Thirty Year. Six
ada per CeRt. Coupon ROnds,
Frsncipai and snfesess payable in Gold
Coin, in New York city. They are in sums of 81.
ooo each, wthsemi-annual gold coupons attached
and are selling for the present at % Der cent and
accrued interest from July LIST added in cnrreney. at
which rate they yield nearly
Nine per Gent. upon Ilse Investment
These Bonds, authorized by act of Congress are is
sued only as the work progresses and to the same A.
monntoniy as the Bonds granted by the Govern
ment; ana represent, in all cases, the FIRST lie upon
acompieted, equipped, and productive railroad, in
which have been invested Government subsidies
STOCK subscriptions, donations surplus earnings etc
and which isworth more than three times the amount
OF FIRST Mortgage Bonds which can be issued upon it.
The Central Pacific First Mortgage Bonds have all
tne assurances, sanctions and guarantees OF the Pa
chc Railroad Act OF Congress- and have in addition
several noticeable advantages over ali other ciassas
OF railroad bonds. -
FIRsT-Tbey are the superior claim upon altogether
the most vital and valuable portion of the through
SECOND beside the fullest benefit of the Govern
ment subsidy, (which is a subordinate Her. / H.
y from California ~ aEs ~
IHIRD-Fully half the whole cost OF grading 500
mi eastward OF San Fran isco is c0nceptrated
upon the l5o miles now about completed.
FoURTH-A local business already Welding tbree
od,he annual interest liabilities, with adyan.
tageous rates payable in coin. h
fIFTH-The principal as well as the interest Of lis
los bonas beng payable in coin, upon illegally bind
l. g ing agreement. .f ~, ~ : 800
! Having carefully investigated the resosrces pro.
eress, and prospects of the road, and the NANCE
meh5 OF the Companys affairs, we cordially rec.,1n-
mend these Bonds to Trustees Execntors Ipsfiin
tons, and others as ar emnepIk sounn mi oj;,no
recommending form Of permanent iayest,nenf.
conversions of sSOverHmena Securities