New-York tribune., 1867-08-08
BANKING AND FINANCIAL,

Nm, CpvrEAL PACIFIC RAHROAD-the
uos,.r, U,f Of tho GREAT NATIONAL TRUNK LINE
A.noss THE CoSTINEST-bcing constructed with the aid
and supervision OF the United states Government Is des
tined to bo Of the most important and valuable r1
roads IN the world as II the link OF communication
between the Pacific Coast and the Great Interior Basin
and the principal portion Of the mainstcm limo between
the two oceans 10 commences AZ Sacramento, on The
tidal waere Of tho Wessr ocean, ard crosses the rc
est portions OF California Nevada ard the Mining Terri
tories OF tie Far-Wcst and VIII ultimately extend from
All Francisco 10 Salt Lake. The General Government
by becoming iont investor In the magnificent enter
use and by waving It's first lien in favor Of the First
Mortgage BondClders IN effect, invites the cooperation
ofrliyate capitalists and has carefully guarded their In
tercsts against all ordinary contingencies.
The Central Pacific Railroad enjoys all the grants fIan-
chises and subsidies conferred by the Pacific Railroad
Acts OF Congress upon the other parts OF the through line
aud has IN addition several special, exclusive adyan-
tagcs applicable only To the Western Half
The Company has been assisted by grants Of money,
credit &C. from the state and chief cities OF California,
amounting to 100000 In god boSdehe GOre7men sub
sy $4,000 per mile upon the completion Of the TAG miles
between sacramento and Salt Lake CITY, or $252o0OO In
all not including 100000 acres Of the public lands along
the line of their road
H. The hardest and eoscs part Of lis sce'isTbeon mas
L successfully orerc0e within the first 100 miles. In a
few weeks the track will be completed entirely across tho
sierra Noyaas, after winch progress to Salt Lake Will DO
easy and rapid.
III The local business alone Of this road establishes Its
conpete financial success independently Of the vast
through traffic which must pass over It, The gross earn
ings FOR the months and July upon the "a miles
then open for business, upcdrd Of $4,000 IN 0otd
| Of which Jou.fftaS were net earnings.
w 1t have competition, but viii carry, beside
its own lucrative local traffic the Thole rone efhro"0h
business which is shared among its Eastern connections
and their branches.
" It's reres are collected IN specie and It's transporta-
ton rates are threeod those OF the vast Eastern lines
The Company ofser for sale their
FIRST MORTGAGE THIRTY YEAR Six PER CENT CoUPoS
BoHDs INTEREST and PRINCIPAL PAYABLE In GOLD CoIs
ia New-Yoykt1ty. These Bonds authorized by act Of
Congress issued only the work progresses and TO
the same amount only the Bonds granted by tho Gov
ernment and represent In all cases. the Es iea upon
completed equpped and productive railroad, In which
have been invested Government sbsdes stock subscrp
Ons donations surplus earnings &c and which worth
more than three times the amount OF First Mortgage
Bonds which can bo issued upon t. The agreement OF
this Company to pay principal and of their Bonds
In con being made under the Specie Contract Law OF
California authorizing and enforcing contracts TO pay
god, Is legally binding.
The Bonds now selling are upon the link included In the
STATE of Calfornathe most valuable OF the whole trans
continental line; and from the foregoing conhideratoS
L,,, o,, ,,n,s,aI deoree Of stability, safely and piont
They cost o5 per cent and accrued interest from Juy
added in currency, and bear SIX PER CENT hILaL'i "
ooLD-at which rate they yield 81 per cent spoh 'ho "
yestment -,.,. ,,o Central pa.
conversions OF Government Securities into cen',hi
c,oc Fir,t Mortgage Bonds now realize Jor "e no.oe'.
obopt tcclre per cent odrand0e with the Same i"'o
interest. ,,,, o,,hv
For sale by Banks and Bankers generaiIy' anu "
-. ona Y,aalers I'm Government Securities, NO. D
%nssar.st Of whom descriptive Pamphlets may be oo
tanned
THE MARKETS
ICsrsbiy reported Tor THE TRlsuMl ,o.-
1sHEs-The market is quiet for Pots ~ W '0S'o '''