The Portland daily press., 1867-10-22
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MISCELLANEOUS.

ACROSS Jne Slerra NeVadaS.
RrHEa
CENTRAL
Pacific Railroad
The Western half of the
Great National Tru,azss Lisses
across the Conti,,ent, ga
Being constructed with the AID and stJpERvJs-
ION OF THE UNITED STATES SGovERNMENT.
Is destined TO be one OF the most in portant lines Of
communication ia the world as it il fhe sos I'M,
between the Pacific Coast and the Great interior
Basin, over Which The immense overland travel uvt
pass, and the
rramcipnt portion Sf the Main Stem Lisa
between the Tive Oceans. NN
Its line extends from Sacramento. ON tho ,,a.,
waters OF the Pacific, eastward across the richest ana
most populous parts of California, Nevada and Utah
contiguous to all the great Mining Regions of the Far
West, and will meet and connect with the roads now
building east of the Rocky Mountains. About 100
miles are now built, equipped and in running opera
tion to the summit Of the Sierra Nevada. within
lew US 80 miles, now graded, will be added. and
the track arredenirely across the mountains to
point in the Great Salt Lake Valley whence further
progress will be easy and rapid. Iron materials and
equipment are ready at hand tor 800 miles OF road,
ana lO,OOO men are employed in the construction.
Inc loc' business upon the completed portion sur
passes all previous estilnats. The figures for the
| quarterendng August 81 are as follows in GOLD:
| Gross @ opsra'ise B Net
| Eot'ntngs Expenses, Eoraiaos
$4s7 ,570G4 Ss6,54s ~ s4Ol .Oa1 !,
or at the rate OF two millions per annum of which
than three are net profit ON less than oo
mil worked This is upon the actual, legitimate
traffic ofthe road with its terminus in the alma
and with only the normal ratio Of government trans
portation andis exclusive of the materials carried for
the further extension of the road. gil. hHls.l a
The compaays interest liabilities during the same
| period were less than $125OOO,
| Add TO th1s an ever-expanding through traffic and
| the proportions oftbe 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 east OF the Rocky Mountain ran
ges Assuming that they will build and troll hall
the entire distance between San Francisco and the
missouri River, as now seems probable, the United
States Will have invested in the completion of & .
miles SOS ,JO3 900, or at the average rate Of
$1,000 per mie-not including an absolute gram
OF 10000, 900 acres OF the Public lands.s By be.
coming jc mt investor in the magnifcent enterpriss
and by waiving Its first lien in favor of First Mort
gage Bondholders, the General Government ia effect
tnrstes the cooperation Of private capitalists art
has carefully guarded their interests against all or
dinary contingencies.
The Company offer for sale, through u.s. their
First Mortgage Thirty Year, Six
per Cent. Coupon Bonds, 8
Principal and Interest PAYABLE in Coli
Coin, in New York city, They are in sums of Al .
600 each, with semi-annual gold coupons attached
are selling for the present at 9J per cent ant
accrued interest from July LIST added in currency, al
which rate they yield nearly rAAe tRF
Nine per Gent. upon the Invessnaent.
These Bonds, authorized by act Of Congress, are Is
sued only as the work progresses, and to the same
mount Only as the Bonds granted by the Govern
ment and represent, in all cases, the frsti upo,
completed, equipped, and productive railroad il
which have been invested Government subsidies
stock subscriptions, donations surplus earnings etc.
and which isworth aore than three times the amour
First Mortgage Bonds which can be issued upon II
The Central Pacific First Mortgage Bonds have al
sie sanctions and guarantees of the Pa
enc aiifoad Act OF Congress, and have in addition
several noticeable advantages all other classe
/ of railroad bonds.
fIRssr-Tbey are the superior claim upon altogethe
tine most vital and valuable portion of the through
Il line.
SECOND -Beside the fullest benefit of the Govern
ment subsidy, (Which is subordinate lien,l th
ROAD receives the beneft OF large donation
from California. 1861 Astai itff y 81 rl-'1'1
THIRD-Fully half the whole cost Of grading so
mis- eastward OF San Francisco is concentrated
upon the 100 miles now about completed
/ EOUGGH-A iaca1 l,us Oh,