New-York tribune., 1867-08-13
BANKING AND FINANCIAL,

THE CENTRAL PACIFIC RAILRoAD-the
Western Half Of the GREAT NATIONAL TRUNK LINE
ACROSS CoSTISESr-being constructed with the aid
and supervision Of the United States Government des
tined to be one Of the most important and valuable rail-
roads in the world is the link of communication
between the Pacific Coast and the Great Interior Basin,
and the principal portion OF the Inanstem line between
the two oceans. 1t commences az Sacramento ON the
tidal waters OF the Western Ocean, and crosses the rich
est portions OF California Nevada and the Mining Terri
tories OF the Farwest and will ultimately extend from
an Francisco to Salt Lake. The General Government
by becoming Joint investor In the magnificent enter
prise and by waving its first lien in favor OF the First
MORTGAGE Bondhoders In effect invites the cooperation
OF private capitalists and has carefully guarded the III
terests against all ordinary contingencies.
The Central Pacific Railroad enjoys all the grants fran
clses 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 adVan'
tages applicable only to the Western Hail.
l. The Company has been assisted by grants OF money,
credit 6c from the state and chief cities OF California
amounting TO 100000 in gold beside the Government sub
sy OF 900 per mile upon the completion of the 26 miles
between Sacramento and Salt Lake City, or $4,000 in
ALL not including 100000 Of the public lands along
the limo OF their road
IT The hardest and eostlies part Of its construction has
been successfully overcome within the first $50 miles. In
few weeks the track will be completed entirely across the
Sierra Neyadas after which progress to Salt Lake Will be
easy and rapid
III The business alone OF this road establishes Its
complete financial success, independently Of the vast
through traffic which must pass over it The gross earn
ings the months Of June and July upon the ~ miles
then open for business upcdrd OF s2s7OOO IN god
Of which Jour.tifths were net earnings.
" II can have competition, but will carry beside
its own lucrative local traffic. the phOte pOte Of through
business which Is shared among its Eastern connections
and their branches.
" It's rerenues are collected n specie and its ransporta
on rates are hreeod those OF the best Eastern lines
The Company offer for sale their
FIRST MORTGAGE THIRTY YEAR SIX PER CENT
COUPON BONDS,
INTEREST and PRINCIPAL PAYABLE In GOLD Com
In New-York City. These Bonds, authorized by act OF
Congress- issued only the work progresses and to
ernment and represent In all cases, the first lien upon
completed, equipped, and productive railroad In which
have been invested Government subses stock subser
tons donations surplus earnings &C. and which is worth
more than three times the amount OF First Mortgage
Bonds which can be issued upon It. Tho agreement OF
this Company TO pay principal ndnerest of their Bonds
In con being made under the Specie Contract Law Of
California authorizing and enforcing contracts to pay
gold sle0aIy binding.
They cost % per and accrued interest from July
added in currency and bear SIX PER CENT INTEREST
ooLD-at which rate they yield 81 per cent upon the in
vestment.
Conversions OF Government Securities into Central Pa
OHIO First Mortgage Hpnds now rsaGs or ne Ao!dsrs