The Portland daily press., 1867-10-31
MISCELLANEOUS.

II Nj Il
CENTRAL
Pacific Railroad
The Western half OF the
GTe1t National Ia'ua,k Lime
Across the Continent,
Being constructed with the AID and sI1pERvIs
ION OF THE UNITED STATES GOVERNMENT.
Is destined TO he one Of the mos, imnorton, Hines of
communication in the world az il is the sole link
between the Pacific Coast and the Great Inferior
BASIN over which the immense overland travel must
pass, and the H =
Ffnc'pa' portion Of the Main Stem Line
9 sss' between tise Two Oceans. tu
Its line extends from Sacramento an ,ha tidal
waters OF the Pacific eastward across the rcbast and
most popnlous Iarts ofCalifornia Nevada and Utah
contagious TO all the great Mining Regions of the Far
west anu VIII meet and connect with the roads now
"uliuine east OF the Rocky Mountains About 100
h'os ale no" buii equipped and in running opera
'ioh W '"e summit OF the Sierra Nevada Within a
&c" 'Ss % miles, how graded, will be added and
'n tiaoh carried entirely across the mountains TO
poit III the 'Srcat 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 ioooo men are employed in The construction,
The local business upon the cor,pIeted norton spr
passes all previous estimate. The figures tor the
quarter ending August 81 are as follows in GOLD:
Gross ODeyot,no W.,
q Earnings, FrDeases, Eaypin1s
S4Ss ,5796 SS6,5fS ~ S4on .0slp1
OF at the rate OF two millions per annum of which
more thah -tonrths prof. on less than 100
mi worked This is upon The actual. legitimate
ofthe road, with its terminus in the mountains
and with only the normal ratio OF government trans
portaion, andis exclusive of the materials carried for
the further extension OF the road. Peg
The conpany's interest liabilities during the same
| period were less than Si25 600
ADD TO tbs an eyer-expandng through traffic and
the proportions ofihe future business become I'M
| mense.
me Company are authorized to continue their line
eastward until shall meet and connect with the
roads now building east OF the Rocky Mountain ram
ees Assuming that they will build and control half
| the entire distance between San Francisco and the
MISSOURI River as now seems probable the United
States will have invested in the completion of q
miles S2S ,592 900, or at the average rate al
$50 900 per mile--not including an absolute Grant
oil lO,OOO,OO0 acres OF the Public lands Ry be-
coming investor in the magnificent ENTERPRISE
anu Dy waving Its first lien in favor of First Mort
FAYE boidholdefs, he qeneral Gopernme,at in eject
nsef'es me desperation Of pirate CAPITALISTS and
mas carefully guarded their interests against all or
| dinary contingencies
4 nc COMPANY offer for salesthrough us, their ~
f-isss Mortgage Thirty Year, Six
per Cent. Coupon Bonds.
Principal and Hnfe,4sta m. yo..l.
Coin, in New York CITY, They are in srm. q, q, :
ooo each, with semi annual gold coupons attached
and are selling the present at 95 mar cent and
accrued interest from July Ist added in currencv u
which rate they yield nearly aA@E
Nine Per Gent. mE0n the Bnvestmens.
THESE Bonds authorized by act of Congress are is
sued only as the work Progresses and to the same A.
4 mount OILY as the Bonds granted by the Govern
ment and represent, in all cases. the first BE ,,no
aeompleted, equipped, and productive railroad IN
which have been invested Government subsidies
stock subscriptions, Donations surplus earnings etc
ana which isworth more than three times the amount
OF First Mortgage Ponds which can be issued nnn if
| , Inc Central Pacific First Mortgage Bonds have all
tie aSsiahces sanctions and guarantees of The Pa
elo na'iroaa Aci OF Congress. and have IN addition
several noceable advantages over all other classes
| OF railroad bonds - = u
FIRsr-They are the superior claim upep altoqetber
me most vital and valuable portion of the throug
1 SECOND beside the fullest benefit of the Govern
r. = menh subsidy (Which is Subordinate Hen i m,
from California. II
iHiaRiIfuliy halt the whole cost OF grading 500
: upon the 100 miles now about completed.