The Portland daily press., 1867-08-28
MsSGEl.L A NEOIiS.
.---==------------- .--=-- - u : .-.
l G48ii II III Fa r
/, CENTRAL
Pacific Railroad
a The Western half of the ,.. .t,.
GreGt National ZrMnE line
Across the Continent,

Being constructed with the AID and SUPERVIS-
ION OF THE UNITED STATES GOVERNMENT
is destined to be one Of the in portant and val
liable Railroads in the world 1t is the sole link of
communication between the Pacific Coast and the
Great interior Basin, and the
Principal portion of the Main stem Line
between she Two Oceans. ~
The present western terminus is at Sacramento, ON
the navigabe waters Of the Pacific but it will ulti-
matey extend from San Francisco across the richest
and most populous parts OF California, Nevada, and
Utah, contiguous to all the great Mining Regions of
the Far West. The company are author zed 10 con-
tnue their line eastward until it shall meet and con-
meet with the road now building east of the Rocky
Mountain ranges. ~ e.e... ,a,-.. ,..a
Assuming thai they will build and control half the
entire distance between San Francisco and the Mis-
souri, River a. now seems probable the United States
will have invested in the completion of SGJ miles
$2S, ,592 900, or at the average rate of s3J 900
per mile-not including an absolute grant of 10,
900 900, acrcs ofthe Public Lanls Bybccomino
ajoint investor in the magnificent enterprise and by
waving its first lien in tavor of the First Mortgage
Bondholders, THE GENERAL GOVERNMENT, IN Eff
Feet, INVITES THE COOPERATION OF PRIVATE
CAPITALISTS, and has carefully guarded their inter-
ests against all ordinary contingencies.
The Central Pacific Railroad enjoys al the privi-
leges, grants and subsidies conferred by the Acts of
Congress upon the other paris othe through line and
has, In addition, several special, exclu i've nd-
vantases applicable only to the Western Half
1. The Company has received from the State and
chief cities of California, assistance in money
credit and valuable property worth over S. 600
900 in gold, in addition to the full benefit of the
Government subsidy.
II. The hardest and c0stliest part of its construction
mas been successfully overcome within the first
l6V miles. In q few weeks the rack will be COM
petet entirely across the Sierra Nevadas after
rapid. 7.'g .fl1- l,7~-Df"-H - f' - '''N --''
ILL., The local business alone of this road establishes
It's complete financial success, independently of
the vast through traffic which must PASS over IT,
The gross earnings for the months Of June and
July, upon the "a miles then open for business,
were upward of $297 900 in gold, of which four
hfths were net earnings. 9f .
~. It can have competition, but will carry be-
side Its own lucrative local traffic. the tohote uol
stne Of through business which is shared among
Its Eastern connections and their branches.
V. The road lies wholly in territory yielding the
precious metals, and its revenues are collect
ed In COIN. Its rates ior transportation are very
advantageous, being more than IL rec times those
or roads lying east oft; and the ratio of operat-
ing expense, is less htn 25 per cent. OF the gross
earnings.
VI In consequence OF the aid it receives from the
Generai Government, from the State of Calfor-
ma and from municipal corporations the annu-
al interest obligations which the Company are
called upon to assume are very light. The net
earnings upon an average of about rs miles. in
ls66, were nearly three times The amount OF an
nuat interest liabilities to be assumed in building
~, dnd ecere S25 600 more than the annual inter
eston The entire amount Of First Aortgage Bonds
Thtch the Company can issue apon the first 1850
miles. ll.-r