New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-17
HJuE BEST INVESTMENT FOR SURPLUS
CAPITAL.

and others desiring an unusually sale reliable an"
proriablc form of permanent investment is called 10
4he advantages and ASSURANCES Of the
CENTRAL PACIFIC RAILROAD 'Ii'eI MOI'i-
GAGE BONDS
fti. commonly known that tie General Govern
ucpt. for wise purposes has given its aid and en-
commencement to the construction Of one Main Through
Line of Railroad between the Missouri River and the
Pacific Ocean and that the great enterprise has been
committed to the hands OF Two powerful Companies
the CENTRAL Pacific and the UNloN PACfc-who
,re carrying il forward with greater energy and per
.istonce than was ever shown in ANY similar work.
either in ancient or modern times
The CENTRAL PACIFIC j. r. Co. viii build. equip
own. and control the western half Of this Through
lime. ihe most productive favored. and valuable
portion of the whole, and may justly be regaideu "'
possessing the richest franchise ever slon'eu Oh '''
continent,
The Act Of CONGRESS confcrs upon them beside the
,iobtof y,av across the Territories, git OF l2'SOo
acre. of fbe pnblic lands per mile. contiguous 10 'ns
line. and an appropriation from the Nations" Ore''i'
Of FIFTY MILLIONS in 6 PER CENT BoNDs, delivered
~ Tho work nroqrosses: or half the estimated cost OF
the through line These subsidy bonds the Companies
may cancel IN a course of years by tho transporta-
,on services of the Roads, and small per centage OF
its net earnings and therefore, constitute clement
of great strength to.the Corporations
The Act further authorizes them to issue an equal
amount of their own First Mortgage Bonds OF cor
responding denominations, and payable IN any law
full money ,rhich shall be the rst claim "on the ~hoie
railroad property andtO chich the lien Of the GOrsr"-
pspt shall be subordinate as means of more readily
securing the remaining half Of the capital for the
construction the equipment &c, being provided out
Of the capital stock subscriptions and other sources
The Great PACIFIC RAILROAD is, therefore, in an
important sense, a SEMI-NATIoNAL WORK, aided and
commended by the people, the Legislative powers,
and the Executive officers, though its management
As administered ,ci all the care and forethoaght OF the
uos eminent pirate corporations. Being under the
constant supervision of the Government, who, being
the principal creditor accepts subordinate and con-
tingent lien with so large amount OF additional
capital also invested in the property pledged, it is
doubtful if any security can be found possessing
the same claims to confidence and market value
short of those of the Government and there are
many who believe them to be the merit most desirable
investment 70 the U. S. Fire TCeaties.
Under these favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions, the UNION PACIFIC
Railroad Company having built with alacrity 525
miles between the Missouri River and the base of the
Rocky Mountains within three years The Central
PACIFIC RAILROAD has also steadily and successfully
carried its track from the steamboat navigation of
the Pacific to the summit Of the Sierra Nevadas and
into the Great Salt Lake Basin east of the Nevada
line, at cost of twenty millions. fully million of
which has been expended in gunpowder and nitro
gycerne, used in blasting and tunneling the path
over the mountains. Having overcome by far the
most difficult and expensive portion of the whole
line the probabilities of the through connection with
the eastern lines being effected in 1870. amount al
most to certainty.
The prominent feature in the progress of the Cen
trail Pacific Railroad is the remarkably large and
profitable Local Business which is developed upon
the completed portiOn-moTe than justifying the
estimates of It's projectors; that the immense traffic
between thelpOrts Of California and the Mining Re-
gons of the Interior would sustain hrst-clasS rail-
road line eren II the overland connection lcere not built
The net profit upon operating the link of less than
100 miles thus far reaches nearly tcO millions In gold
aud this ratio will be doubled during the coming sea-
son. when the entire mountain transit is made by the
locomotive The revenues of the Company, when
sweed by the concentrated contributions Of the
vast through traffic, must be so large as to give
abundant assurance Of their ability to meet their
very moderate interest liabilities as they mature.
The CENTRAL PACIFIC RAILROAD COMPANY now
offer for sale their FIRST MORTGAGE THIRTY
YEAR SIX PER CENT GOLD BONDS, and submit
the following among other obvious considerations,
aud invite the comparison with merits and excel
fences of any class OF corporate securities;
l. These bonds are based upon the most vital and
valuable part of the GTaRd National Pacific Railroad,
coon to become the main channel OF communication
on the continent.
H. The local settlement and business therefrom is
remarkably large and profitable and must constantly
increase.
Ill TheIhardestpart of the road is now built, and
the remainder will be rapidly carried forward over
the Salt Lake Plains
". The greater part of tie means necessary to
build the road is provided by the U. S. Government
upon a subordinate lien.
" The State and chief cities of California have
contributed 100000 to the enterprise,
without lien.
vi The grant of land is destined at an early day
TO prove of far greater market value than the total Of
the First Mortgage bonds issued upon the road and
equipments.
VII. This Road lies altogether among the gold and
silver producing and its revenues received
I'm coin.
VIII It's officers are practical business men, who
superintend the work and economic its resources