The Portland daily press., 1867-09-16

OO'SSSsoSssOt I'd
Being constructed with the AID and SUPERvIs-
ION OF THE UNITED STATES GOVERNMENT,
is destined to be Of the i'm portant and val
liable Railroads in the world it is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the
Principal portion of the Main Stem Line
s.f- between the Two Oceans.
The present western terminus is at Sacramento ON
the navieabe waters OF the Pacific but it will ult-
mateiy extend from San Francisco across the richest
and most p ,pulous parts OF California Nevada and
Utah, contiguous to all the great Mining Regions of
the Far West. The company author zed to con-
tnue their line eastward until it shall meet and con-
meet with the roads now building east of the Rocky
Mountain ranges. d. es-sss a s-5- sr-s,a ;
Assuming that they will build and control half the
entire distance between San Francisco and the Mis-
river as now seems probable the United States
VIII nave invested in the completion of SOS miles
$Ss,59S 900, or at the average rate of $35 900
| per mile-not including absolute grant of 10,
Vs,V 900, acres Of the Public Lands. By becoming
aJoht investor in the magnificent enterprise and by
warning Its first lien i'm favor of the First Mortgage
lSondhoiders, THE GENERAL GOVERNMENT, IN EFF
Feet, INVITES THE COOPERATION OF PRIVATE
CAPITALISTS and has carefully guarded their inter
esls against all ordinary contingencies.
The central Pacific Railroad enjoys all the privi-
eges grants, and subsidies conferred by the Acts of
Cong ess upon the other partsofhe through line and
has, In addition, several special, exciueiv adj
VaHinses applicable only to the Western Half
i. Tho Company has received from the State and
chei citiss oil California; assistance In money
-cieltt anu V:luabic property worth $3,0 600
600 In gold, in addition the full benefit OF the
so government subsidy. f -. OF - l7'f'7
H. The hardest and cosest part of it's construction
s bas been successfully overcome within the first
2t 100 miles, Ina few weeks the track will be com
pleted entirely across the Sierra Nevadas after
winch progress to Salt Lake will be easy and
rapid 'is .-3Ill- - = -
I'LL The local business alone of this road establishes
It's complete financial success, independently OF
tne vast through traffic which must pass over it.
p" me gross earnings Tor the months OF june and
July, upon the "a miles then open for business
We're upward OF 1927 900 in gold, of which four
fifths were net earnings. a.. XII
"; II can have competition, but will carry be-
side ifs own lucrative local traffic. the whole rol-
| unae O HtTouyh business which is shared among
~ rs EASTER connections and their branches
v. The load lies wholly in TERRITORY Welding the
sss precious metals, and its revenues are collect
5 ca IN COIN Its rates Tor transportation are very
.si advantageous, being than three times those
ID OF roads lying east ofit and the ratio of operat
ing expenses is less than 25 per cent. of the gross
earnings. is ~. -Hdsf ili .
VI In consequence of the aid it receives from the
General Government, from the State of Calitor-
nsa anu rom MUNICIPAL corporations the annu-
I ihiefest obligations which the Company are
ealieu upon to assume very light The net
earnings upon an average of about rs miles in
1866; were nearly three times tie amount OF an
l.'st interest ttdbttiesf to be assumed an BUILDING
az and soere 1888 900 more than tie annual inter-
EST on the entire amount Of First Mort0age Bonds
miles. n ~ e ~ - = r." '"'f ''''' NV