Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-09-05
THE CENTRAL PACIFIC RAIL.
i ROAD.

The Western half of the Great Nationl
Trunk Line acrOss the Continent, being cor
structed with the aid aud supervision of la
United States Government, il destined n D.
one Of the most important aud valuable Ra
roads in the world. as il II the sole link OF com
munlcatiun lei the Pacific Coast ana 70
Great Interior Basin, and the principa portion
OF the main item line betweSn the two oceans
The present western teaminus j. al Sacra
mento, on the navigable waters Of the Pacific
but IL will ultimately extend from San Fran
cisco across the richest and most pOpuOa.
parts of California, Nevada and Utah cOntiga
GUS to all the great Mining Regions of the Fa.
West. The Company are authorized to COZ
tinue their line eastward until it shall meet anG
connect with the roads now building east o.
the Rocky Mountain ranges.
Assuming that they will build and cOntro
half the entire distance between San FrancisCO
and the Missouri River, as now seems probable
the United States will have invested in tay
completion of SIS miles SIS. 592, 600, OF at tas
average rate of $35, 900 per mile-not including
an absolute grant of 10000 900 acres OF the Pub,
lie Lands, BY becoming q joint investor in the
magnificent enterprise, and by waving its frs
lien in favor of the First Mortgage BOndhodeI:
the General Government, in effect, invites the
cooperation of private capitalists, and ha,
carefully guarded their interests against all o..
binary contingencies
The Central Pacific Railroad enjoys all To.
privileges, grants, and subsidies conferred bs
the Acts of Congress upon the other part: O.
through line, and has, in addition, several spec
ial, exclusive advantages applicable only TO Il
Western Hall
/. The Company has received from the STAT,
and chief cities of Ca ifornia, assistance II
money, credit, and valuable property, worth
over So, coo, go in gold, in addition TO the fl.
benefit Of the Government subsidy.
,. The hardest and coslliest part of its con
struCtiOn has been succe- sfully overcome vita
in the fret $50 miles. In few weeks the trsc.
will b. completed entirely across the Sierr
Neyadss, attvr which progress to Salt Lake "!
be easy and rapid.
3. The local business alone OF this roaa t,
tablshes its complete financial success, nde
pendently of the vast through traffic whc
must pass over 1t. The gross earnings for h
months Of June and july, upon the 81 nj e
then open Tor bu-iness, were upward Of S?91
600 in gold; OF which Uur-fifths were net ear!
inss.
4. 1t can have no competition, bnt will carr
beside lis own lucrative local traffic, the woo
volume Of through business which is -h4Ie
among it's Eastern connections and the
branches.
5. The road lies wholly in territory yieldl-
the precious metals, and Its revenues are CO.
lected in coin. Its ratf- tor transportation g.;
very advantageous, being more than three time
those Of roads lying east OF it; and the ratio 0
operating expenses is less than - per cent, 0
the grOss earninga.
the General Government, from the State 0
California, and from municipal corporation
the animal intert IT obi cations which the Con
pany are called upon 10 assume are very ligh
The net earnings upon an average OF about
miles. in 1866 were nearly three times IL
amount of annual interest liabilities TO be 81
sumed in bailding it, ard were $23AOcO m@-
than the annual interest on the entire amou-
| of First Mortgage Bonds which the Comps
can issue upon the first $50 miles.
The Company offer for sale. through Us, the
| First Mortgage Thirty Year, Six per Cent. Co.
pom Bonds, Principal and Interest payable :
| Gold Coin, in New York city They are Z
! sums OF $1,000 each, with semi-annual go-
coupons attached, and are selling Tor the pre-
| ent at 95 per cent. and accrued interest ZOE
! July LIST added, in currency, at which rate tLT
| weld nearly ~
! NINE PER CENT. UPON THE INVESTMEN.
These Bonds, authorized by Act OF COngtt.'
are issued only as the work progresses, ana
| the same amount only as the Bonds granted
| the Government; and represent, in all case
| the first lien upon completed, equipped a.'
productive railroad, in which have been inVe''
| ed Government subsidies, stock subscriptol'
| donations, surplus earnings, etc, and whicn,
| worth more than three times the amount
| First Mortgage Bonds which can be lsslN
| upon it.
The agreement of this Company to pay pm
cipal and interest of their Bonds in coin, beL
made under the Specie Contract Law of Ca
| fornia, authorizing ana enforcing contract"
pay gold, is legally binding, unlike SIMS
agreements made by companies in States w1"s
| no such legislative sanction exists.
In these important particulars the Securlte
| of the Central Pacific Company offer an nnus4
degree of safety stability and profit combine
The First Mortgage Bonds of this ComPaa,
are destined to occupy prominent PISS
among frst.class securities in the money mA
kets of this country and Europe, AID will, wiz
out doubt, be eagerly sought for, and anxi0u.
| dealt in hereafter, at rates materially IN }.
vance of the price at which they are now
fered.
Having care fully investigated the resource
progress, and prospects of the road, and Us
| management of the Company's affairs, we q
| daily recommend these Bonds to Trustees, D
| ecutors, Institutions, and others as an eD
nently sound, reliable and remunerative io'
| of permanent investment.
Conversions of Government Securities ID.
Central Pacific First Mortgage Bonds now r
alize for the holders about Twelve per cen
advantage, with the same rate of Interest.
For sale by Banks and Bankers generaliy'
whom descriptive Pamphlets and Maps can
obtained, and by
FISK s. HATCH,
Bankers s. Dealers in Government Seeuriu"
and Financial Agents of the Q. Y. X. X. w.
No. 5 Nassau St., n. Y.