New-York tribune., 1867-08-17

| @tN'Nf'N'
| Central Pacific First Mortgage Cou,
p0n Bonds, per cent interest o..ooo ,,o,co
| tgOld), payable In New-York 7S5o,ocO i'o,IoO
Total resources for 1856 miles. s27 5o2
1t VIII bo seen that only two Of these items pear inter
est for the payment Of which the Company Is ahnuiy
ohargeable The whole interest liability upon TINS scheu-
ue will be but sJl gold when the whole amount OF
First Mortgage Bonds be issued upon this secton Oh
the road are sold while its net earnings by moderate
estimate, will be three four times that sum-
The above statement does not include the proceeds OIL
further subscriptions to the capital stock when they arc
entitled 70 sse 10 e extent Of total amount Of s2O
100000.
The total amount Of public lands appropriated for the
construction of this line 100000 acres or at the re
of twenty alternate sections per mile Q2sOO aeres inc
minimum value OF which is estimated at 81 COper acre.
while much OF IT must De Of far greater value on he
western portion, from its forests and timber.
Tho Company is selling quantities OF us alternate
sections land at the minimum rate of 81 80 In gold per
acre except 10 preempors who may deem IL adVlsaoic
TO purchase from the Company in order to obtain clear
title at once where tho price 81 % per There
evidence that an active settlement will follow tho
progress Of the road all OF which will augment the
value Of the unsod lands and add to its business ana
| resources. .,
1t was an important question for the friends anu prO
teet9rs OF this enterprise 70 y Know po and
this question already been answered 70 ther stIs
faction IL is difficult persons residing at the East to
irrespective traffic between the ports aud cities on CAR
Basin San Francisco is the great natural center OF
business and intelligence for the North Pacific slope
The manufactures and wares consumed IN OIog22n'
Washington, Columbs. Idaho, Utah, ana Hevaua,
are all drawn thence ana tne "a tiIev es lee thence
toned States draw their subsistence ana suppeS c%ce %
also Such we're the imperative demands OF tle local
transportation between California ana 5he s VI
was economy IL has been estimated that the Wagi
OF fbe railroad unfeduIy to $4,000
COO which would OF ITSELF without any increase warrant
actual experience OF road jusues the conclusion ta
the local traffic alone would DO snhceht 70 nako ~ oo d %
the most prof table Of railroad IN the world ld
pendenty OF the through connection across the
81 & oe The earnings for the three Autumn months
Of 1885, when freight could be forwarded rom is TER
minus on the side OF the mountain were sufficient TO pay
dividend of II per cent per upon the cost OF that
portion OF course railroad that is able 10 pay te ne IN
tercstupon its cost even while III hla'3 "o WIN - 6np W
gardcd az exceedingly protaele even II o %UT oSl e
den were borne ey the road Se hness and that the
cost Of construction widely distributed Its hnlnclai
T6e following table win show actual net earnings Of
tho road progressed mp the mountain SIDE ater te
paymcn OF operating expenses for the past two years
VIII VIII ~ 10 aud the relation OF the earnings to
position that the whole amount OF bonds authorized VIII
..5, ss, Is Esai s,ii .5. AT;f' ;Si. .''
Pcs. Pcs ''lc"' 20 sS5a s62in s,oos $40
lac Isse ,5S ,sSaS sS 35,i 5i5.iso lo 80 s,s5 s
glus will be seen that tho road would be ebundanty
|
fon and equipment: but rs the General Government ana
California corporations hnyeassuncd the larger portion
bnnd,olnc surplus TO the construction fund As the
heaviest expenditure is made, and every extension
the ratio of operating expenses at the same time that
muples It's netnra business, the point OF nnancm
dieuy has been passed. once acrsss the mountains,
whole schone Of industria enterprises IN Nevada ana
Idaho stand ready 10 be Gie'nG% & @ o ~ pSaac %o
ing with the topographea clinatse and nn29eia dii.
cucs subdued. lhe Central Pacific Railroad 0i California
/ bgc0mc, a Fottlcd aud eminent success.
INCREASE or THROUGH TRAFFIC.
Estimates hnVe made of the probable amount OF
tho through tranic winch pass over the main trunk
line from the pgee to ihs Missouri n Ihe sHcnS
affords basis for the calculation ana Is gwen as
ships going from the Atlantic round Cape r..
stn%nhp. connecting al Panama with Cali
orsraaG Trains Stages Horses $1,000 Tuis.
Total 100000 Tuns
Tqins' sc have two hundred aud thirty thousand tuns
last ow years the returned passengers from California
have been nearly numerous as those going There can
win not only open the way 70 many Persons & noT wHs B
thousands at the West revisit their Eastern homes
The following figures Indicate the passenger business as
| now carried by ocean and overland conveyance;
10 both ways steamships. .........-...---. 5000
200 both Ways vessels. s....... 1000
Overland doth --..lVuVo
Tcien NDfT pcr. @ veracn half the cost OF the steam
shps both passengers and tunnaSe, we have this
result: s,,,ooooo
lCOOOo iuIs rated at 81 per cubic foot l66leOOO
Prcscnt cost Of transportation. ..... .. .sj $4,000
That remarkable stimulus will be given To travel EN-
igatlOn mining, trade and foreign commerce Is uques
tionabc; and II Is not uureaohAOle 10 suIosv ea' %
half the above rates the revenues VIII be thfee times te
above sum- half OF which VIII Dc the natural business VI
VIZ TXnIBIT or EARNINGS AND EXPESsEs.
tto Years r" January is 1905 to December Sst 1906
inclusive will show the growth OF the business oil the