New-York tribune., 1867-08-24
U,HE CENTRAL PACIFIC RAILROAD,
TTIR WESTERN HALF OF THE
NATIONAL TRUNK LINE

GREAT NATIONAL TRUNK LINE
ACROSS THE CONTINENT,
Rein, With the AID AND SUPERVISION OF THE UNITED
STATES GOVERNMENT destined to be Of the MOST IMPORTANT
AND vArrAsLE RAILROADS IN is the sole Ink Of
communication between tbe Pasc the Great Interior Basin
and the
PRINCIPAL PORTION or THE MAIN STEM LINE BEI"Bb
THE TWO OCEANS
The road row tu equipped successful operation 10 The
~ of the Sierra Nevada Range will be extended within e"
s. epe, across the mountains into Great Salt Lake Basin Ten
thousand men are employed on construction and iron and materials
are ready At hand for go miles addition to the portion graded TO-
re,her with liberal equipment for 500 miles OfToad
III. present western terminus is at Sacramento The Dagbe
waters Of the Pacific ultimately extend from San Francisco
across Tie richest pOpnlOus paris Of California Nevada and
Utah contiguous to all the great Mining REGIONS Of the Far West The
Company arc Authorized to continue eastward until shall
tain range.
Assuming tia. they will build and control ha the entire di'i,oe be-
rp State, win have invested in completion Of S65 miles $685.
OOO or at average Of 900 menO including
an absolute grant Of 600 ACRES of the Public Lands By
becoming joint investor magnificent enterprise and by waving its
first lien in favor Of Mortgage BOnihOd THE GENERAL
GOVERNMENT N EJECT OF PRIVATE
CAPITALIZE, and has carefully guarded their interests against all O
nary contingencies
The Central Pacific Railroad enjoys all the privileges grants and sub
side. conferred BY the Acts Congress upon the other parts Of the
through line and has in addition SEVERAL SPECIAL EXCLUSIVE
ADVANTAGES applicable only to the Western Half
1.-The Company received nom the State and chief cities Of Cali
forna assistance money credit and valuable property 'ortA
Ov s3OOOOin gold addition to the fol- benefit Of the Gov
srnmeBt subsidy.
H. TIE hardest and oosss part Of is construction has been sss'
Nl ovcroms within the $50 miles In few weeks the
tek win be completed entirely the Sierra Nevsaa after
which progress o Salt Lake VIII be easy and rapid
NJ The local bnness alone road establishes its complete anan'
M success independently through tac which must
Over The gross earnings for the months Of June and July
upon the 81 miles open for business were uprard Of $2sO0
In gold; Of which JorJ.tyA' were net earnings
LII
local aB the co or through business which shared
among ITS Eastern connections and iFeir branches
vTBe road Les wholly nistOry yielding the precious metals and
m raps collected in coin It's rates for transportation are
very advantageous being than three times those Of roads
lying east Of III and The ratio Of operating epasss less tAa"
2sber cent Of TIE oross earnings
VI In Consequence Of the aid The General Government
from tbe California and from municipal corporations the
animal interest obligations which Company called upon TO
very light The n, earnings nPOu an average Of
Ascut IS miles 1906 nearly three times r amount ef0
asof interest satis Be assumed IA building a. and Dere
s2sOOo more ttaa anrual interest n entrs amount Of
Fsrs Morigage Bones Company issue uB0e TIE
Arst $50 Bilea
The COMPANY oger for sale through Us, their
FIRST MORTGAGE THIRTY'YEAR,
SIX PER CENT COUPON BONDS,
PRINCIPAL AND INTEREST PAYABLE IN GOLD COIN, in New
Yol City They are $1,000 each with semanuu gold
coupons attached aud are selling present 95 cent and &C
srd interest from July added n currency which rate they yield
nearly
NINE PER CENT UPON THE INVESTMENT.
Tbese Bonds Of Congress issued only tie
~orr yo s,es 70 b amount only the Bonds ga'el ~
the Government and represent the @ lien upoa
psd EQUIPPED and productive railroad which have been invested
0onment subsidies stock subscriptions donations surplus earnings
, and wh il worth three times the amount Of F' Mort
gage Bonds which a be issued upon it.
The agreement Company pay principal and interest Of ihe
BOD coin being made under Specie Contract Law Of California
spg ard enforcing contracts pay gold Is legally binding uOfe
.ur agreements made by Companies where such egsa
tFye sanction exists
In bese important particulars Securities Of the Central Pacific
Company essr an pausa dgre, Of s4y, stability and proa
sont.-ed
TBs PIssr MORTGAGE COSPASI destined oc
cur, rromineat place among FIRST CLASS SECURITIES the
oBey markets Of this country Europe and v without doubt be
.Ase, sought m aad arOasy dealt leeaer at rates materially in
sdvauee Of the piee a. which they offered
Hsvhg eAy investigated progress and prospects Of
ii. rod AID tie msrsfmH, Of s CouPnys Affairs cordially
,se Trustees. Executors, Institutions and others
q. al e. ep;y ,,d rto5 osi re@aoaoe form Of permanent
fagefcAL
CONVERSIONS OF GOVERNMENT
SECURITIES