Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1867-10-10
A CROSS THE SIERRA NEvADAs
THE CENTRAL PACIFIC RA1DRoAD,

Ihe western nail OF the Great National
Trunk Line across the Continent being con-
eructed with the aid and supervision of the
United States Government, is destined TO be
one of the most important lines of commupi.
cation in the world; as it is the sole link be-
tween the Pacific Coast and the Great Interior
Basin, over which the immense Overland travel
must pass, and the principal portion OF the
main stem line between the two Oceans.
Its line extends from Sacramento, on the
tidal waters of the Pacific eastward across the
richest and most populOus parts of California
Nevada and Utah, contiguous to all the great
Mining Regions Of the Far West, and will meet
and connect with the roads now building east
OF the Rocky Mountains. About 100 miles are
now built, equipped and in running operation
to the summit OF the Sierra Nevada Within a
few days 35 miles, now graded, will he added
and the track carried ent rely across the noun.
talns 10 point in the Great Salt Lake Valley,
whence further progress will be easy and rapid.
Iron, materials and equipment are ready at
hand Tor 8 miles of road, and l0,Obf men are
employed in the construction
The local business upon the completed p0r-
ton surpass's all previous estimate. The
figures for the quarter ending August 81 are as
follows in Gold gross earnings $4ST $40 e..
operating expenses $50 54S a; net earnings
S4Ol,oM Il, or at the rate Of two millions per
anDum, of which more than three fUurths are
net profit on less than 100 miles worked This
is upon the actual, legitimate traffic of the road
with its terminus in the mountains and with
only the normal ratio OF government transport
Tor the further extension Of the road.
The COmpany's interest liabilities during the
same period were lcss than SIPS 900.
Add TO this an ever expanding through traffic
and the proportions OF the future business be
come immense.
The Company are authorized to continue
their line eastward until il shall meet and con
meet with the roa, now building east of the
Rocky Mountain ranges. Assuming that they
viii 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 S65 miles
SIS 592COO, or at the average rate of S35 900 per
mIle-nOt including an absolute grant of To-
O0OOOO acres of the Pubic lands. BY becoming
a JOINT investor in the magnificent enterprise
and by waving it's first lien in favor of the FRS,
Mortgage Bondhoderr, the General Govern
ment, in effect, invites the cooperation of pri-
yate capitalists, and has carefully guarded their
interests against all ordinary contingencies
The Company offer for sale, through US, their
First Mortgage Thirty-Yca Six per cent Con.
pom BOnds, princpa and interest payable i'll
Gold coin, in New York city. They are In sums
of $1,000 each with sem annual gold coupons
attached, and are sci ing for the present at %
per cent. and accrued interest from July lst
added, in currency, at which rate they yield
nearly nine per cent upon the investment.
These Bonds, authorized by act OF Congress.
are issued only As the work progresses, and to
the same amount only a. the Bonds granted by
first lien upon a completed. equipped and pro
ductiye railroad, in which have been invested
Government subsidies. Stock subscriptions
donations, surplus earnings ETC.. and which Is
worth more than three times the amount of
First Mortgage Bonds which can be issued
upon S@E It,; c-., VIA
Inc central racine First Mortgage Bonds
nave all the assurances, sanctions and guaran.
yes OF the Pacific Railroad Act of Congress, and
have IN addition several noticeable advantages
over all other classes OF railroad bonds
st uey are the superior claim upon alto
setaer me most vital and valuable portion Of
Inc thr0ngh me.
%. Beside the fullest benefit of the Govern
melt SUBSIDY, (Which Is a subordinate lienl the
ROAD road receives the benefit OF large donations
rom Ca!iornla,
uIIy ha,t the whole cost OF grading 500
mIies eastward OF san francisco Is concen'
Ifateu upon lhe loO miles now about completed.
IA IoCal business already yielding three
tnlu l..e annual interest I'aoihues, with adVaL'