The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-24
CIAL.

NEW YORK, SATU KDA
FINANCIAL.
THE CRRTRAL PACIFIC RAILROAD.
THE CENTRAL PACIFIC RAILROAD.
THE CENTRAL PACIFIC RAILROAD.
THE CENTRAL PACIFIC RAILROAD.
THE WESTERN HALF OF TIE
THE WESTERN HALF or THE
TIE WESTERN HALF OF THE sss
THE WESTERN HALF OF THE
GREAT NATIONAL TRUNK LINE
GREAT NATIONAL TRUNK LINE
eREAr NATIONAL TRUNK LINE
GREAT NATIONAL TRUNK LINE
ACROSS the CONTINENT.
ACROSS THE CONTINENT.
ACROSS The CONTINENT.
ACROSS TBE CONTINENT.
being constrveted win the AID AND SUPERVISION OF
rhE UNITED srAyEs GOVERNMENT is'asstnsd - -
Of the msss mporAnt sna valuable raroads in ths
weil as y he sole INK OF eomnunseason between the
Fscsse ces.. and tAs s,sss Inferior Basin ana tho
PRINCIPAL PORTION OF rae MAIN STEIN LINE
BETWEEN THE Two OCEANS.
The present Western terminus At Sacramento, the
navigabls waters of the Pachc bu, win ultimately
from San Francisco richest and popu
ous parts California, Nevada and Utah. contiguous to
all the great Mining Regions the Far West The Com
pany authorized their line until
connect with the roads now building east of
the Rocky Mountain ranges
distance between San Franssco the river
probable, United States win invested in
completion of sss miles s2aSso the average of
ssS per including absolute grant of 100000
ACRES Of the Public Lands BY becoming joint investor
in the magnificent enterprise, and by waving its first lien
favor the Mortgage Bondhodes the general gov.
erument effect invites the cooperation of private capital
ss and carefully guarded against all
ordinary contingenciesy
The Central Pacific Railroad enjoys all the privileges
grants and subsidies conferred by Congress upon
the other pars of through line and has in addition
SEVERAL SPECIAL. EXCLUSIVE ADVANTAGES ap.
picable only to the Western Half
The Company has received from the State and chief
cities of California money credit and valuable
property. worth over saooOOon gold, In addition to the
full benefit Of the government subsidy.
IT, The hasdes. eosles. part construction has
successfully whin $50 miles, In
fsw weeks the track win completed entirely across she
sie. Nevsdas after which prosrsss Salt Lake win he
easy and rapid.
III The local business alone of this road establishes is
complete financial Independently Of The vast
through sae which pass IT, The gross earnings
for he months Of juno and July upon the ~ miles then
open or business were upward Of $4,000 sod which
four-hfths were net earnings
". 1t competition, VIII carry beside its
lucrative ioca, tranc, the whole Of through
which shared among s Eastern connections and
their branchea
The road lies wholly territory yielding the precious
msal revenues collected in coin Its rates for
transportation are very advantageous being more than
three time those of roads lying east Of IL; and the
Of operating expenses per cent Of the gross
earninga
W. In consequence Of the aid receives fro the general
government from the State California and from munici.
pal corporations the obligations which the
company called upon very light The
earnings upon average of about ssven,y.nvs mles
1865 we're nearly the annual
est liabilities 70 be assumed building it, and were sasSo
more than the the Of
mortgage bonds which the company upon
$50 miles,
The Company offer for sale, through us. their
PIRsr MORTGAGE THIRTY YEAR SIX PER CENT
COUPON BONDS,
PRINCIPAL AND INTEREST PAYABLE IN GOLD
COIN in New York city, They in of $1,000 EACH
with semi annual gold coupons attached, selling for
the present at % per cent July
added IN currency, at which rate they yield nearly
NINE PER CENT uPoN THE INVESTMENT
These Bonds authorized by Act of conpess issued
only as he work progresses. amount only
as the Bonds granted by the Governments and represent
in q. cs.s. The FRS, lien upon completed equipped and
productive rsosd in whOh have been invested Govern
mont subsidies subscriptions donations, surplus
earnings &c. and which is worth than three times
the amount Of First Mortgage Bonds which be issued
upon It
The agreement Of tins Company pay principal and in
eres Of their con being made under the Specie
con,rac, Law Of California authorizing and enforcing
tracts TO pay gold legally binding unlike similar agree
mens made by companies where such iesisla
tive sanction exists
In these important particulars the Securities OF the Cen
trail Pacific Company orsr unusual degree Of safety,
stability and profit combined.
The First Mortgage Bonds OF this Company destined