The Portland daily press., 1867-10-21
MISCELLANEOUS.
The Western half of the Ss
Gre1t National Trunk Lime
across the Continent.

Wv A'NOeOfeNt IT1LnE Lone
AcrOss the Continent,
Being constructed with the AID and sIJpFRvIs-
ION OF THE UNITED STATES GOVERNMENT
rs destined TO be of tine most in portan, lines If
communication in the world, as it is the sole link
between the Pacific Coast and the Great Inter,or
basin over wit ch The immense overland travel must
pass, and the
Principal portion Of the REain Stem Line
between the Two Oceans.
lts line extends from Sacramento on the tidal
waters of the Pacific eastward across the richest and
most popuous parts of California, Nevada and Utah.
contiguous to all the great Mining Regions of the Far
"est' ana VIII meet and connect with The roads now
building east of the Rocky Mountains About 100
miles are now built, equipped and in running opera
ton to the summit of the Sierra Nevada Within a
lew d 'ys35 miles, now graded, will be added, and
the track carried entirely the mountains to
point in the Great Salt Lake Valley, whence further
progress win he easy and rapid Iron materials and
equipment ready at hand tor 300 miles OF road.
and 10000 men are employed in the construction.
The local business upon the completed portion sur
passes all previous estimate. The figures for the
quarter ending August 81 areas follows in GOLD:
Gross Operating Net
Earnings, Expenses Earoinos.
s4Ss,5s964 $s6,54s AZ sAOI ,O31 ~
or at the rate Of two millions per annum, ofwhich
more than three ourts net profit on less than 100
mil worked This is upon the actual, legitimate
traffic ofthe road with its terminus in the mountains
and with only the normal ratio of government trans
portaio andis exclusive of the materials carried tor
the further extension of the road.
The Company's interest liabilities during the same
period were less than S125O0O #ts8S
Add to this an ever-expanding through traffic and
the proportions otihe future business become I'M
mense
The Company are authorized to continue their line
eastward until it shall meet and connect with the
roads now building sto the Rocky Mountain ran
ges Assuming that they win build and control halt
the entire distance between San Francisco and the
missouri River, as now seems probable, the United
States will have invested in the completion of q 5
miles s2S,503 900, or at the average rate of
SS5, 200 per milc-not including an absolute grant
OF 1O,OOO,OOO acres OF the Public lands. Ry be-
coming ajont investor in the magnificent enterprise
aud by waivng its first lien in favor OF First Mort
gage Bondhoders, the General Government IN effect.
i'aries the cooperation Of private capitalists and
has carefully guarded their interests against all or
binary contingencies.
The Company offer for sale, through US, their
First Mortgage Thirty Year, Six
per Cent. Coupon Bonds,
Principal and Interest payable ia Gold
Coin, in New York city. They are in sums Of 81,
oOo each, with semi-annual gold coupons attached,
and are selling for the present at 9J per cent. and
accrued interest from July LIST added in currency at
which rate they yield nearly 'e
Nine per Gent. upon the Investment.
These Bonds, authorized by act of Congress, are
sued only as the work progresses and the same
mount Only as the Bonds granted by the Govern
ment; and represent, in all cases, the rst lie upon
completed equipped, and productive railroad in
which have been invested Government subsidies,
stock subscriptions donations surplus earnngs 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
the assurances, sanctions and guarantees of the Pa
enc karcad Act OF Congress, and have in addition
| of railroad bonds.
FIRsr-1hey are the superior claim upon altogether
the most vital and valuable portion oftle through
SECOND Beside the fullest benefit of the Govern
1nent subsidy, (which is a subordinate lien, tn
road receives the benefit oil large donations
IRON California.
THIRD-Fuily half the whole cost OF grading s00
mil eastward OF San Francisco Is Concentrated
upon the $50 miles now about completely.
foURlHIA local business already yielding three
ioh Inc annual interest liabilities, with adyan
taseous rates payable III COIN. tl u
| FIFTH-The principal well as the interest OF its
Bonds being payable in coin, upon legally bind
ing agreement.
Having carefully investigated the resources, pro-
gress, and prospects of the road, and the manage
ment OF the Companys affairs, we cordially recon-
mend these Bonds 10 Trustees, Executors Institu-
lions, and others an emne nifty sound and relid0te
remanerdtipe form o. permanent iRre stment e sf
Conversions OF ssOverunenf Securities
INTO
Central Pacific First Mortgage
Bonds
Now realize for the holders about B
FROM TWELVE TO EIGHTEEN PER CENT.
ADVANTAGE,
With the same rate of interest
The following are the current rates September
9tb subject oteourse, to slight variations from day
| to day. We receivein exchange: sd tt4
y s. Sizes 1861, coupon, and pay difference, 1853 40
Y. 5. Five-Twenties, 1862. coupon, do 1870 40
v ). Fve-Twe ties, 1864, coupon do. 135 90
U. ). Five Twenties, 1865, coupon, 10. 1is 40
u ). Fiye-Twenties, 1865 new coupon do 100 90
U. ) Flve-Twenties, 1867 (new) coupon do. 100 10
y. ;. Ien-Forties, coupon, and pay difference SO 40
u :. Seven-Thirties I'D series) do. do. 12s 10
). Seven-Thirties sd series,) do. do 1872 10
For sale by Banks and Bankers generally, of whom