New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-25
-I,IIE REST INVESTMENT FOR SURPLUS

called 70 the advantages ard assurances q ale
CENTRAL PACIFIC RAILROAD FIRST MORT
GAGE BONDS
Il, commonly Known tl, The Gee' Government 'i wise TO''
IA. given #. aid md encouragement to The construction o. one
MIN THROUGH LINE OF RAILROAD from he Paas' Ocean
.,ore. to connect The various Eastern Branches Of
IL. p.,s, Railroad system and which viii form DE GRAND TRUNK
til. Yves. upon sA the mighty continental taao
sll ccre,riraie
TIE CENTRAL PACIFIC RAILROAD coNPANY-vAo are carry
forward With greater energy persistence than was ever shown
,Dy similar work in ancient modern me'v bulls, equip OVID
.si control the Western Throua Line the most productive
favored AMI valuable portion of,A Whole may u, be regarded as
possessing The richest franchise ever gr,pa on this continent
TeAe Of Congress eouS upon Corporations beside the right Of
va, across the Territories, gin 900 Of The public lands per
u. contiguous to this line and appropriation nom the National
c.i.,f SIXTY MILLIONS IN SIX PER CENT BONDS, delivered
s work progresses half the estimated cost Of 'le ThI'usa line
.I Duche. These subsidy Companies eeel in
..are Of years by the transportation services OF The Roads and small
p, sep,ss Of its net earnings they therefore op.a AZ element Of
peat strength o the Corporations
The Act farther authorizes to issue al equal 'uoun' Of 'her own
Tn Mortgage Eonds Of corresponding Denominations e' @o b
a, e. ,ai, upon q. hos railroad property, and 10 Which he ln
sJae Government shall be subordinate Of readily Sc
suHs Gle remaining hs Of The cap M for constructions he equip
u,t &c. being provided out Of tie Capital stool Subscriptions 'd
ether sources.
Tie cre.tcEyrRAL PACIFIC RAILROAD s therefore i'm.
,o,s. sense sEN1NATIoSAJ WORK aided and commended by
Al. peoi e the legislative power and the Executive officers though its
Management and rcough' Of The most
t pirate corporation. Being under the constant supervision Of
h. Governmeu,ho being principal creditor s5sert' subordinate
ard en so large amount Of additional capital also in
vested in the property pledged believed that no securities now Of
% in he market possess the sane claim, confidence market
r.lue except those Of the Government
Under These fvorng auspices gratifying progress has been made
In extending the railroad track both directions Nearly GOO miles
sf.Ss Main Line sonyss Branches between the Missouri River
ua tie base the Rocky Mountains built within three years
The CENTRAL PACIFIC RAILROAD han also steadily and successfully
carried tie Main stem the steamboat navigation Of The Pacific
enmmi, Of The Sierra Sevadas and Great Salt Lake Basin
cat Of ne California Having overcome by far he most deat
and sIeBs portion line The probabilities % the through
connection With s eastern lines being Effected 1870 mOunt almost
certainty.
. prominent feature IN the progress. Of the Central Pacific Railroad
he remarkably large profitable Local Business which is developed
,,os r completed pOron than jusatHg the estimates Of its
,,hat the immense the ports Of California aud
II, Mining Regions OF the voad sustain fea'' railroad
hoe even the overland connection not built The net profit
operating The link oss, 100 miles thus far reaches nearly
,.s uts in gold ratio win be doubled during The coming
season when the entire mountain transit is made BY the locomotive
With ever. extension Of the track tie business AM profits Of the
d par. are er..ssd 50 that When Overland through a shall
be s,ered upon ,h Central Road general prosperity Of Tie Com
p.uy will be sou, parallel securities appreciated eoHePoHd
hglJ.
The CENTRAL PACIFIC RAILROAD COMPANY Oser for sale
al, FIRST MORTGAGE THIRTYIEAR SIX PCs CENT GOLD
BONDS and subm, to Investors The following among other obvious
.ss.sratoDs; and invite comparison With le merits a'd 'e'u
&c, Of any class Of corporate securities:
These bonds are based ~ or ani valuable part q the
erd National Pseso Railroad become tie main ebrpel Of
communication the continent
H. The local settlement, bushes. tteroH rsHsi'1 large
and profitable and nus constantly increase
Ill III, b.rde., part built and TIE rsmsirdt VII"
=. rpiIiy carried forward over the Salt Lake Plains
" The greater par o. Necessary to build Tie 'cd pro
,ia.d By the u S Government, upon subordinate len
The state and eeetss California have contributed upward Of
saSoo 900 10 enterprise sithOuthsn
VI The giant ond early prove Of far greater
~ value than TIE total Of the Mortgage bonds issued urou the
Issd ard equipments
VII THIS Ro. Les altogether The gold AM l'sT r'odu''s re-
Esrs and It's revenues received IN coin
management Company bss been The highest degree
ydsu, frugal surplus payment Of expenses and
Interest. is devoted to construction purposes
TX The liabilities Of he Company
shird The net earniuEs upon the road pledged.
T. Both principal and payable GorD, under special
,rousions Of both National and State enactment
The Bonds are $1,000 each With semi annual god
poDs attached offered 95 es't Of their value
and accrued isr.s from July added, in
There important advantage about per cent uPo 'hs og
LAY purchasing before Jan the back interest charged al sI per
fhou0b