The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-11-13
MISCELLANEOUS.

II u e c
CENTRAL
Pacific Railroad
The Western half of the
National Ta.aeaaE lime
Ac7'Oss the Continent,
Being constructed with the AID and SUPERVIS-
ION OF THE UNITED STATES GOVERNMENT,
IS destined to one of the most important lines of
communication in the world, as il is tho sole link
between the Pacific Coast and the Great Interior
Basin, over which the immense overland travel must
pass, and the
principal portion of the Main Stem Lime
between the Two Oceans.
Its line extends from Sacramento, on the tidal
waters OF the Pacific eastward across the richest and
most popu!ous parts of California Nevada and Utah,
contiguous to all the great Mining Regions of the Far
west, and viii meet and connect with the roads
DnHdins 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
lew dlys35 miles, now graded, will be added AMI |
the track carried entirely 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 al hand for 800 miles of road
and lo,ooo men are employed in tho construction.
The local business upon the completed portion sur
passes All previous estimate. Tho figures tor the
quarter ending August 81 are as follows in GOLD:
Gross Operating Net
H0rhsh9s' Expenses Earnings,
$4S7,579 SS6,54S4 AZ s4Ol, e3I ~
OF atthe rate OF two millions per anpum, of which
more than three 0urths are net profit on less than 100
mil s worked. This is upon the actual legitimate
traffic otbc road, with Its terminus In the mountains
and with only the normal ratio of government trans
portaon, and exclusive of the materials carried for
the further extension of the road.
The Company's interest liabilities during the same
period were less than $125OOO,
Add to this an ever-expanding through traffic and
the proportions oftbe future business become In
niense.
Tho Company are authorized to continue their line
eastward until it shall meet and connect with tbe
roads now building east OF the Rocky Mountain ran
ges. Assuming that they will build and control hall
the entire distance between San Francisco and the
Missouri River, as now seems probable, the Unified
States Will have invested in the completion of 65
miles SOS. 503 900, OF at the AVERAGE rate Of
~ ~ 900 900 -, an absolute grant
.,';S e,os " INC uDhc lands BY be-
and by waving Its first lien In favor of First Mort
| gage Bondhoders the General co,,s.aao,,, =. e.,
inrtes the cooperation of private capitalisfs and
has carefully guarded their interests against all or
| binary contingencies.
The Company offer for sale, through us, their
First Mortgage Thirty Year, Six
| nRr Cent ftAIunnr,
pr;uc;n,. ,na u....
60. =, - P"'"Die IN sSoia
4 COah, III new YORK CITY, They are in sums OF ST.
OO0 each, with semi-annual gold coupons attached
and selling for the present at 9J per cent and
| accruod ;n+aras. 80, ,,.,,, ~
vh;o,, 70 80 ,o,, uoe' III currency at
| Wine" iaIe Iicy yieid nearly
Mine nor G.u,
| p INC s"seeamend.
mount ol.lv as the Bopds orantsd hv ,a Gun.
ment; and represent. in al, casos ,he erstus ,a,,
completed, equipped, and productive railroad. in
wmch nave been invested Government subsidies,
STOCK subscriptions, donations surplus earnings etc.
anu which isworth more than three times the amount
" Ao1 's'se oonus "hieh can be issued upon it.
The Central Pacific First MORTGAGE Ro,ls bovo oil
the assurances sanctions and gnarenteS Of tho po
enc aa'lroad Act Of Congress-, and have in addition
seVerai houceaole advantages over all other classes
| OF railroad bonds.
| FIRsT-They the superior claim unon altocetber
the most vital and valuable norton, oft be throngb
line. po' 'o' Vi 'he 'nfo"sh
SECOND Beside the fullest hensst of II. no,o,,
ment subsdv (which 10 oen9n. o. me HoveTh-
rnod saos;us' w nGh IS subordinate len,) tn
from California. "' VI ''ise uoia'iohs
/ r,rpn- ELL, raIc
IhikD,-Fuiiy hali the whole cost OF grading 500
upon the $50 miles now about completed.
.oid the annual interest iiahii;fyS e,dhs three
| tageous rates PAYABLE in coin =
Bonds being payable in coin, upon a legally bind
Having carefully investigated tho rosonroo, r,o
gress, and prospects of the rnod and tbo Yoanaae