The Portland daily press., 1867-09-13
MISCELLANEOUS.

- NVSAAAS AVNVAAA ~ QNk
The Western half Of the
Great National Ia'at,aE Line
AcrOss the Continent,
Being constructed with the AID and SUPERvIS-
ION OF THE UNITED STATES GOVERNMENT.
Is destined be of the most important and val
liable Railroads in the world as it is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the
Principal portion of the Main Stem Line
between ahe Two Oceans.
The present western terminus is at Sacramento on
the nav1gable waters of the Pacific; but it will ulti-
matey extend from San Francisco across the richest
and most populous parts of California, Nevada and
Utai, contiguous to all the great Mining Regions of
the Far West. The company author zed to con-
tinue their line eastward until it shall meet and
meet with the roads building east of the Rocky
Mountain ranges.
Assuming that they will build and control half the
entire distance between San francisco and the Mis-
souri, River, now probable the United States
| will have invested in the completion of S65 miles
S2S ,592 900, or at the average rate of 49, 900
| per mile-not including an absolute grant of 10,
OOO, 900, acres of the Public Lands. Bybecoming
waving its first lien in favor of the First Mortgage
| Bondholders, THE GENERAL GOVERNMENT IN Eff
FEcr, INVITES THE COOPERATION OF PRIVATE
CAPITALISTS, and has carefully guarded their inter
ests against all ordinary contingencies
| The Central Pacific Railroad enjoys all the privi.
leges, grants, and subsidies conferred by the Acts
Congress upon the other parts ofhe through ne and
has, i'll addition several special, clu i've asi.
vantages applicable only to the Western HALF
1. The Company has received from the State ant
| chief cities OF California, assistance in money
credit and valuable property worth over So, 600
900 in gold, in addition to the full benefit OF til,
Government subsidy. -.s..1..4 afftI ~
H. The hardest and costliest part of its constructo,
i has been successfully overcome within the first
II tl $50 miles In few weeks the track will be com
pletei entirely across the Sierra Nevadas, afte
which progress to Salt Lake will be easy ant
| rapid.
ILL., The local business alone of this road esablishe
its complete financial success, Independently o
the vast through traffic which must pass over it
yhe gross earnings for the months OF June am
July, upon the - miles then open for business
Were Were upward OF S29. 600 in gold, of which four
fths were net eainings. sfF 1881 e ~.
". 1t can have competition, but will carry be
side its own lucrative local traffic, the arhole pol
aine OF through business which is shared amon
| lis Eastern connections and their br ranches
V. The road lies wholly in TERRITORY Welding tb
precious metals, and its revenues are collect
ed Ill COIN Its rates for transportation are yer
adNahaseous being more than three times thos
0froads lying east of it |; and the ratio of operat
ing expenses is Tess than % per cent. ofthe gros
| earnings. va
:, VI. In consequence OF the aid it receives from tn
~ General Government, from the State Of Califor
MA and from municipal corporations the annu
al interest obligations which the Company ar
II sh called upon to assume very light. The ne
earnings upon an average of about rs miles, il
lsG6 were nearly three times The amount Of a.,
ntdI interest liabilities 10 be assumed in buiidtn
ii, and 1oere $235. 900 more than the annual inter
eston Ms entire ansount Of First Mortgage Bond
1chtch The Company issue apon The first 15
miles.