The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-21

2H~ IN stf,sG e2rNs ,1 s&
NEW YORK, SATURDAY
FINANCIAL.
THE BEST INVESTMENT FOR SURPLUS CAPITAL.
The attention Of Investors Trustees Executors and others
desiring unusually .fs and proa.sbis form Of
permanent investment is called 70 the advantages
mrancss Of tho ~
| CENTRAL PACIFIC RAILROAD FIRST MORTGAGE
BONDS
II is commonly known tina, the general government FOR
wise purposes given aid encouragement to the
construction Of through line Of Railroad from The
Pacific the Territories with the va
Eastern branches Of the Pacific Railroad system and
which will form the grand The far West
which the mighty transeontinenai traffic win concentrate.
The Central Pacific Railroad Compsny-who carrying
forward with greater energy and persistence than
ever shown any similar work. in aneIen, modern
tmes-wil build equip. control the western half
Of this through line the productive favored and valu
portion whole. may justly be regarded
Possessing tne cnes Iraneho ever granted ON tns con
mem.
The Of Congress confers upon the corporations.
beside the right of the Territories sifs
twelve eight hundred OF the public
per nnls contiguous this line, and an appropriation
from the national credit OF sixty millions in six per
cent bonds delivered work progresses or half the
estimated cost Of the Through Line and Branches These
subsidy bonds the Companies may in couso Of
years BY transportation services Of the Road. and
small per centags its they therefore Con.
ssuts an element of great the Corporations
The further authorizes issue equal amount
First Mortgage Bonds Of corresponding demons.
natons which shah claim upon the whole rail-
road property and which lien Of the Government
shall be subordinate more readily securing
the remaining half Of the capital consruson the
equipments &C., being provided out OF the Capital stock
subscriptions and other sources
The great Central Pacific Railroad H. therefore in en- i'm
por.ant sense semnatona work. aided and commended
BY the people, legislative Executive on
GERS though management administered with all the
care and forsthoushs Of private corpora
tion Being under the supervision govern
menwho bsnsths principal creditor accepts subordi
nate and contingent large an amount OF ad
donAl capital also invested in the property pledged ia
believed secsries offered in market pos
ssss the same ciAo confidence market value except
those of the government
Under fsvorng auspices very gratifying proxr~ss
has been made extending the railroad track from both
directions Nearly 1000 miles Of main line and eonver
us branches between the Missouri river and the base Of tho
Central Pacific Railroad has steadily and succssAfuy
carried the Main stem limo from the stsamboa, navigation
Of the Pacific summit Of The Nsvadas and into
the great Salt Lake hahn the California line Hav.
of the whole line probabilities through oonnec-
zion with The lines being Effected 1870 amour.
aimoss - esrssi.sy. --.-,...ss-
As prsanissn progress Of csn,rai Pa
einc Railroad he remarkably and probable
business whsA asvsspsd upsa shs eompsssd portion:
more than jusias The ssu..sss Of liz projscson-sAas
the immense frame between the ports Of cAfo. ana shs
mining regions Of the sustain nrst class
railroad line even il the overland connection were not
buiM Tho net profit upon operating the link Of lass
shAa 100 miles thus FAR reaches nearly swo millions in
rola; and this ratio doubled during The coming
season, when the entire ransis Is made by
The locomosivs win every extension the track tho
business and profits completed part incrsase
that when the Though shall be centred
upon tho Central Road general prosperity Of the Com
pany win without parallel and s securities appreciated
consspondnsiy
TIE Central Pscnc Railroad Company OFFER their
FRA. mortgage thirty year per gold bonds and sub
init 10 Investors the following among obvious con-
alterations and invite As so.parson with tho srs and
sxcsllsnciss Of aw class corporate sccuriuss--
rhss bonds are based upoa the mos, vial and valuable
pars Of shs Grand National Paeo Railroad soon 10 become
The main channel Of eonrnunsation on The ssusinsn.
H. me loea, settlement and buslnsss shsrcfrom
srEAsy large and profitable constantly increase
M The hardest part or ,e road IL now bus and the r.
sndsr VII, b. rapidly carried forward over ,hs Salt Lss.
plsns
W. The greater part Of necessary 70 build tbs
road l. provided y ~ United government upon
subordinate lien.
The and chief cities Of California have conrbu
Cd upward Of sseooOo TO enterprise vshous iisn
W. the grant land destined early day prove
or fer greater MARKET value the total Of The
eAss bonds ssssd upon the road and equipmsnts
VII This Road altogether among the gold and svsr