The Portland daily press., 1867-10-29
FatgSEs.s4ANEOsfs.

Across the Sierra Nevadas.
CEN'ENsS AL
Pacific Railroad
gHae The Western half of the
Gren National frank Lime
IcrOss the Continent,
hems constructed with the AID aIss SUPEkVIS- |
ION OF THE UNITED STATES Cow RNMENT |
Is destined 10 he one OF the most iu portau lines of
communication ia the world, as il is the sole link
between the Pacific Coast and The GREAT Interior
Basin, over WI ieh the immense overland travel must
pass, and the #ss y 2 +t 'tF
Ffincip"i SOriian Of the Main Stem Line
between the Two Oceans.
It's line extends from sa ramento, on the tidal
waters othe Pacific, eastward across the richest and
most popuious parts of California Nevada and Utah.
oo'e"ous 10 all the geat Mining Regions of the Far
west, anu VIII meet and connect with he roads now
builolng east OF the Rocky MOUNTAINS About 100
ton to the summit Of the Sierra Nevada. Within
lew ysS5 miles, now GRADED. wi,rbe added and
the track carried entirely acro.s tbe mountains 10
point in the Great Salt Lake Valley whence further
progress viii he easy and rapid Iron materials and
equipment are ready at hand tor 300 miles of road
ana io'ooo men are employed in the construction
"o 'oc'' upon the pleted POI ton sur
P'o' ''i Pi''ous estimate. The figures Tor the
quartz endmg August 81 are as follows in GOLD:
| Gross Onor,,;n NJ,
| Earnings, Erpeases. ga,.p;aos {
S4Ss ,579 o. SsG,JlS4s x4Or ,O31 ~
or at the rate OF two millions per annum OF which
more than threeourths re net profit ON less Than 100
mil worked. This is upon The aetusl leoi, innate
traffic ofthe road with its terminus IN the maintains
and with only the normal ratio OF government trans
porta'on andis exclusive of materials carried Tor
the further extension sfthe road. lst8t
The CompanV's interest liabilities during the same
period were less than S12s 900. ssis 5s.af
Add to this an eveg-expaDding through traffic and
the proportions ottte future business become i'm
| mense.
The Company are authorized to continue their line
eastward until it shall meet and co, naet With a.
roads now building east OF the Rocky Mountain ram
ge. Assuming that they will build and control hal,
Ihe ehtfe Instance between San Francisco and The
missouri fsiver, a now seems probable the United
states will have invested in the completion If ~ !.
miles $2S 500 200, OF at the AVERAGE rate of
$35 200 per me-not including an absolute orant
| OF IO,OOO, 900 acres OF the Public lands Rv he
coming aye Mt investor in the magnificent ENTERPRISE
and oy waiving Its first lien in favor of First Mort
gage Stockholders, the General Government in effect
,''seS nc cooperation OF pirate capitalists, and
has carefully guarded their interests AGAINST OH a.
/ binary contingencies. rr,
| ClmpanV fn 10
First Mortgage Thirty Year. Six
ga per Cent. Coupon Bonds,
PRINCIPAL "nd Interest payable in ssoid
Coin, in New York city, They are in sums ot q,
ooo each, with semi-annual gold coupons attached.
and are selling for the present at % per cent and
accrued interest from July list added in currency at
| which rate they yield nearly
Nine per Gent. upon the Investment.
These Bonds, authorized by act of Congress are is
sued only as the work PROGRESSES and to the same A.
mount Only as the Bonds granted by the Cavern
ment; and represent, in all cases, the first he upon
completed, equipped, and productive railroad in
winch have been invested Government subsidies
STOCK subscriptions, donations. surplus earnings etc
anu "hch Is worth more than three times the amount
o' rrst ortga ge Bonds which can be issued upon it.
| The Central Pacific First MORTGAGE Bonds have nj,
tne assurances sanctions and guarantees of the Pa
enc Railroad Act OF Congress- and have in addition
| OF railroad bonds. N- '' ''' 20
FIRsT-Tbey are The superior claim upon altosetber
nne most vital and valuable portion of the through
oEooNp RESIDE the fullest benefit of the Govern
/ ment SUBSIDY (which is a subordinate lien III
/ ii from California. d FL = -
IHl n,l, half the whole cost Of grading 800
| mn eastward OF San + an isco is concentrated
/ about