The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-08-24
MISCELLANEOUS.
4 HI E
CENTR AL
Pacific Railroad

Ihe Western half of the
GTeGt National Trunk Line
across the Continent,
| Being constructed with the AID and SUPERvIS-
| ION OF THE UNITED STATES GOVERNMENT,
Is destined to be of the most in 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 oriion of the Main Stem Line
between the Two Oceans.
The present western terminus is at Sacramento On
the navgabe waters the Pacific but 1t will ulri-
matey extend from San Francisco across the richest
ana most papulous parts OF California, Nevada, and
utal, contiguous to all the great Mining Regions of
inc Far West. The company author zed to con-
tnue their line eastward until it shall meet and con-
meet with the roa1s now building east of the Rocky
Noun ain ranges.
Assuming that they will build and control half the
entire distance between San Francisco and the Mis-
souri, Ryer, "a now probable the United States
VIII have invested in the completion of SOS miles
$SS, 592 900, or at the average rate of $50 .OOO
per miie-not including an absolute grant of 10,
900 900, acres of the Public Lands By becoming
aJont investor in the gnificent enterprise and nv
waving It's hrst lien in favor of the First Mortgage
bohdhoiders, 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 all the privi-
eges grants, and subsidies conferred by the Acts of
Congress upon the other partsofthe through ne and
has, in addition, several special, ca clusive nd
vantagcs applicable only to the Western Half
l. The Company has received from the State and
4 clnef Clues OF California. assistance in money
credit and valuable property worth over SO, 1000
goo in gold, in addition to the full benefit OF the
Government subsidy.
H. The hardest and costes mart of its construction
u has been successfully overcome within thc first
100 miles. In few weeks the track will be COM
pete entirely across the Sierra Nevadas after
rapid. = ~ - ",."'-. : - 10y so
LII The local business alone of this road establishes
us complete financial success Independently OF
the vast through traffic which must pass over it
me gross earnings ior the months OF june and
= July, upon the "a miles then open for business,
were upward Of 1927 900 in gold, of which four
hfths were net earnings.
w. 1t can have no competition. but will carry he
side its own lucrative local traffic. the aohoIe yol-
ame Of through business which is shared among
It's Eastern connections and their branches -
V. The road lies wholly in territory yielding the
precious metals, and its revenues are collect
Ell In COIN Its rates for transportation are very
advantageous, being more than three times those
ofroais lying east of it.; and the ratio of operat-
ing expenses Is Tess THIN 20 per cent of the gross
earnings. Et7sr i'f'l'i = = e-N-f
vi In consequence of the aid it receives from the
GeneraI Government. from the State of Califor-
ma anu 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
.udt interest liabilities to be assumed in building
it, and acere $235 900 more than the annual inter
eston the entire amount of First Mortgaqe Bonds
achich the Company issue upon the first 1850
miles. ea1 ~