The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-10-01
4 CROSS TIE SIERRA NEVADAS
TIE
CENTRAL PACIFIC RAILROAD


Gnd NaU.d IMuk Line icnss The CutHl,
Being constructed with the AID AND SUPERVISE y
on rdk UNITED STATES GOvLKNMESr is de, tlned
to he one Ut the most important lines OF M
municaiiun in the world it is the suIe linA
between the tactic Coast aud the Great lntcrur
Basin. over winch the immense Overland tavcl
must pas. and tic
Pim;TM Portion Of the Man Stem Luc
JureeR Tie 7tc0 O.en,S.
Its line eXten from Sacramento, on the til
waters of tie Pa .iiic eastward across the ii, heat
AID most pupIouS pafts OF California NeNasu
ANA Utah, Oni-uOLs t. all the great mini re-
Itous ut tic TAR west AMI will meet aud connect
Wi h tie roads now building east OF the Rock,
Mountains. About 100 miles arc now bull ,
equipped, AMI in rnnnng operdti II to the SUNNI.
uI the Sierra Nevada. WHiiI few days, 30
miles, now graded will be aldcl aud the ira, K
carried entirely across the mountains to a POM
IT, the Great SaI Lake Valley wLedcc iuIt Ct
p OF css will he easy aud rapid. Iron, materials
an equipment are ready at hi,d tor 800 miles ui
road AID 10000 men arc employed in the con-
t nc Oh.
Inc local business upon TIE completed portion
urpas,eS all previIu, estimate ihe n5ures for
quarter cndins August II p, are As follows il
GOLD;
Gross Operating Net
Earnings, Expenses, Earnings.
.iS15.9 "a $50 j4s II .iOl. oil /,
or at the rate of two millions per aunum. OF
which more than three fourihs are net profit or
lesa than 10 miles worked. This is upon tie
aciual. legitimate traffic ct tic roa with its t-'-
minus in the mountains, and with only the nor.
mai ratio of TIA islortatiun, and is exclusive u
the matcr.U!s carried for the iurller eX cnsion q
the rol .
The Company, interest liabilities during til,
a ne period wee less than 1928 900.
Add to this an evcr-oXl auiing through traili,
and lie proportions OF tie future business becon,
immense
he to are authnrizeu to continue their line east
war until it shall meet and connect Wiz. tie road,
now buildn east OF the Rocky Mountain ran-;r
Assuming that they will build and control mall
the entire distance het~een San Francisco and III,
Miss Iuri River, now seems probable. the Cuitco
States will have invested in the completion Of So
miles S2S, 49,. 600, or at the average rae OF
$50, 900 per milc-njt including an absolute gra'
OF 10, 900 900 acres OF the Public Lands. Is,
becoming j int investor in the magnificent Ell.
terprise, and bv waving its first lien IN favor o
the First Mortgage Bindhollers, Tur GENERAI
GovEHNMEST, IN EFFECT. INVITES THE CO-OrEEA
TIoN Of PRIVATE CAPITALISTS, and has car,tulN
guarded their interests against all ordinary CON
tinscDcics.
The Company offer for sale, through u.s. their
First Mortgage Thirty Year, Sir per Cent.
Coupon BoHdS,
Principal and interest payable in Gold Gin, IN
New York city. 1Hcv are in sums at 81 900 each,
with semi annual gold coupons attache l. an" are
selling for the present at 81 per cent. and accruc,
interest tim July LIST lded, in currency, at which
rate ,liey Weld nearly
Nine per Cent upon The Iiu's'mcnt
These Bonds, authorized by Act OF Congress ar,
Issued onl the work progresses, and to H.,
same amount only as the Bonds granted hy the
Governments AMI represent. in all eases, the first
lien upon completed equipped. aud productive
railroad. in which have been invested Government
subsidies, st, ok subscriptions, donations; surplus
earnings. etc, and which is worth more than hree
tunes the amount Of Fist Mortgage Bonds which
can he issued upon it.
Tie Central Pacific First Mortgage Bonds have
all the assurances suuctinns and guarantees Of
the Pacific Railroad Act of Consre' : and have In
addition several noticeable advantages over all
Other tli-ses Of railroad bonds.
First-l hcv are the supcipr claim upon altogeth-
er he most vital and valuable portion Of the
through line.
S, cord-ll.sile the fullest hereir OF the Govern
meut subsidy. (Which is ndinate cn,) the
road receives the benefit OF lar 5e donations from
California.
Third--Fullv half the whole cost of grading 500
miles eastward Of San Franci,cI Is concentrated
upon the 90 miles now about completed.
Fourth--A local busincs, already yielding three
fold the annual mteie-t liabilities, with advan-
tageouS rates pay able IN coin.
Fit'h-The principal as well as the interest OF its
Bonds being Ia, able in coin, upon legal,
binding agreement
Having carefully invested the resources. pro-
gress aud prospects Of the ruad, and the manase-
ment OF the COmplnV's alta rs we cordially re-
commend these d nils to Trustees, Executors,
Institutions and others AS an eminentlv sound,
reliable and remuneralive form Of permanent
Investment.
Conversions Of Government Securities
INTO
CENTRAL PACIFIC MORTGAGE BONDS
now realize for the holders about
ILL.,. 4. Il LII Ian, pnr Cant AIAnnina.c