The Portland daily press., 1867-11-05
- = - ~
MIsCELLANEOUs.

'AcroSszsle sierra NeVadas. |
BE
"a CENTRAL
Pacific Railroad F..
y : - The Western hall of the d Y a.
Hre0t National Ts.u.sR Lime
- = 4cross the Cont;ne,,t,
Being constructed with the AID and sITpFRviS
ION OF THE .UNITEDSTA GoyEsNNENy.
s destined TO be one OF the most iuportani lines of
communication IN the world as it is the sole link
Detween the Pacific Coast and the Great Inferior
BASIN over wren the immense overland travel mpst
pass, and the AS 90 -
Frincipai c"rti"n az the Main Stem Line
lili-- Deeweem she Two Oceans. nstt 4
Its line eSends from Sacramento. on the tidal
waters OF the Pacific, eastward across the rcbest and
most populous parts of California Nevada ana Titan
contiguous to all the great Mining REGIONS of tba Far
West, and will meet and connect with he roads now
building east OF the Rocky Mountains. About 1oo
miles are now built, equipped and in running operar
ton 70 cue summit OF the Sierra Nevada. BWirb,p 4
few VS. miles, now graded, will be added and
the track carried entirely across The mountains TO
point III inc Sreat Salt Lake Valley whence further
prgress VIII DC easy and rapid Iron materials and
equpnens are ready at hand TOR 800 miles OF road,
anu io,oVo men are employed in the construction.
1no 'oU''' BUSINESS upon the completed portion sur
passes all previous estimate. The figures far the
quarter ending August 81 are as follows in coin.
gross s- Operating Net
Ed'n'ngs, Expenses, Earuings.
s4S1 .J79 81 Ss6,54S $40, oa,,,
or at the rate OF tgo millions per onnnm Of ,h;oh
more than three ourths are net lrot +ho ,oo
mil worked. This is upon The actnaJ leyitimate
traffic oftne road wi its terminus II, III
and with only the normal ratio o. government trans
portation and exclusive of he materials carried Tor
| the further extension of the road
The Compana's Interest liabilities during the same
period were less than sf2i,ooo s7S -
ADD to ibis an ever-expandng through traffic and
the proportions The future business became I'M
mense.
The Company are authorized to continue their line
eastward until shall meet and Connect with the
roads now building east OF the Rocky Mountain ran
ees. Assuming that they will build and control halt
tne entire distance between San Francisco and the
missouri Nj err a now seems probable, the United
Il 90 W III me COMPLEXION OF II D
miles $2s .J92 200, or at the ayerags rate Of
$35,OOO per milc--not including an absolute grant
of 10000, 900 acres OF the Public lands Rv he
coming aJc Mt inve tor in the magnificent enterprise
ana by waving its firsi lien in favor of First Mort
gage bondholders, the General Government an esect
mraes me co-onerdtion or prioate capitaiists and
mas carefully guarded their interests against all
| binary contingencies.
me Company offer for sale, ehrough us, their
Fist Mortgage thirty Year, six
per Gent. Coupon Bonds.
Principai and Tnfet.sa payable il. s<se,a
Com, In New York city. They are in sums of 81.
ooo each, with semi-annual gold coupons attached.
an" are selling for the present at % per cent and
accrued interest from July LIST added in currency at
which rate they yield nearly GAgwNN
Nine per Gent. upon the Inyestwent.
These Bonds, authorized by act of Congress arc s-
sued only as the work progresses and to the same
| mount Only as the Bonds granted by the Goyern-
ment and represent, in all cases. the first he upon
competed, equipped, and productive railroad in
"h'ch nave been invested Government subsidies
stock Subscriptions, donations. surplus earnings etc
and which is worth than three times tho amount
OF First Mortgage Bonds which can be ISSUED, upo it,
- inc Central Pacific First Mortgage Bonds have all
cific Railroad Act Of Co,,gress. and have n aa,n
several noticeable advantages over all other classes
or rallroad bonds - "a VS.
FRsT-h y are the superior caiii mon altoeather
me most vitaland valuable portion of The througll
line. -' '-i' 0's
SECOND st,osiae the fullest benefit of the Govern
~ ment sn Ssid (which lisa subordinate len In
from California. u0i''''io'''
THIRp--Fully half the whole. cost OF. grading soa
NM s t IVA Of San an sco is concentrated
II a upon Inc LOU miles now about completed -
FOURTH-A local business already x,iald;,,r +t,root