The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-11-19
A CROSS TIE SIERRA NEVADAS
CENTRAL PACIFlCgRAILR0AD


Cnd National Imlk Line ACnS The COaiRnt
Bling constructed with the AID AND surMRvtsro>
az TiII UNITED STATES GuNLRNMt;Nr is de ,tine,i
! to he one T the most important lines ut com
municatiUn in the world as it is the sole link
| between the faciic Coast aud the Great interior
! Basin. over which the immense Overland uavel
| must pass, and the
PfUnIpW Portion of tie Main Stem Line
b'ttrcen tie Iiro OtecHS
Its line eXten from SACRAMENTO the ii |a
waters Of the Pacific eastward across the ii hest
! aud most pupulous pats OF California, Nevada
and Utah, cohii suoLs to all the great mining re-
gions Of the far west. and will meet and connect
| with tie roads now building, east OF the Rocky
Mountains. About 100 miles are now built
equipped, an'l in rnnning operation to the SUNNI
III the Sierra Nevada. within a few DAYS, 30
miles, now graded, will he adel and the track
carried entirely across the mountains TO point
in the Great Salt Lake Valley whence lurt CT
progress will lie easy and rapl. Iron, materials
ami equipment ready at hntd for 800 miles vi
road, and lo,uOO men arc employed in the con-
struc on.
The local business upon tie completed portion
urpasscs all previou, estimate. The figures for
the qnar:cr ending August 81 are as follows ir
GOLD:
Gross Operating Net
slS; So q Isl 5is Il sioi.oiI i il
at the rate Of two millions per annum. OF
which more than three fuurths net profit or
lesa than TO miles worked. This is upon the
actual. legitimate traffic ct the road with its tc'-
minus III the mountains, and with only the nor
NAL ratio Of transportation, and is exclusive OF
the materials carried for the further extension oi
the roa'.
The C"inpauv's interest liabilities during the
zane pcriol were less than S125 600
Md to this an ever-exi an,ling through traffic
anil lie proportions Of the uture business become
immense.
he 20 authorizes, to continue their line east
warl until it shall meet ani connect with the roads
now buihlin east OF the Rocky Mountain ranges.
.lSsuning that they will build and control hall
the entire distance between San Francisco aud the
Missouri River, As now SET ms probable. the United
States will have invested in the mletiun Of sii
miles f2S, h92, 600, at the average rate Of
SD, 800 per mile--n1t including absolute grant
ut 10000, 900 acres of the Public Lpuds. Il,
hccoming n int investor in the magnificent eli.
terprise, and bv wsiving its first lien in favor
the First Mortgage Bondhuicrs. rug GENERAL
GnvERSMESr, IN EFFECT, INVITES rlIn CI-orERA-
rIuN OF PRIVATE CAPITALISTS, aud has CAREFUL,
guarded their interests against all ordinary
tingencies.
The Company offer for sale, through Us. their
First .Uoryagc 2MW Year, S.r per Cent
Coupon Bonds,
Principal and interest PAYABLE in Gold Coin. in
with semi annual gold coupons attached AMI are
selling for the present at 81 per cent and accrue,
interest ir''m July LIST ldcd, in currency, which
rate they Weld nearly
Nine per Cenf up'n The Tip s'mcm.
These lion'l,, authorized by Act of Congress, are
issued only as the work progresses and to tie
same amount only as the Bonds granted bv the
Government; aud represent. in all cases the first
lien upon a completed. equipped. aud productive
raiiru~ |, in which have been invested Government
subsidies, stick subscriptions, donations; surplus
earnings, ETC., and which is worth more than three
times the amount of Fist Mortgage Bonds which
can lie issued upon it.
The Central Pacific First Mortgage Bonds have
all the assurances, sanctions and guarantees Of
the Pacific Railroad 4 ct of Congress, and have in
addition several noticeable advantages over all
Other classes Of railroad bonds.
First hey are the superior claim upon altogetl-
er the most vital and valuable portion Of the
through line.
S cond-l}esle the fullest l,eneGt of the Govern
ment subsidy, (Which is a subordinate len,) the
road receives the benefit OF large donations IRON
California.
Thrd--.Fully halt the whole cost of grading 500
miles eastward of San Francisco is concentrated
upon the $50 miles now about COMPLETED.
Four;h-A local business already Yielding three
fold the annual interest liabilities with advan-
tageous rates pa, ahic in coin.
fifrh-Tie principal well the interest of its
B"nds being PAYABLE in coin, upon legal,
bindng agreement.
Having carefully invested the resources pro.
gress aud prospects of the road AMI the manage
mento. the Companv's affairs, we cordially re-
Commend these B nls to Trustees, Executors.
Institutions. and others an eminentlv sound,
reliable and remunerative form OF permanent
investment.
CONVERSIONS Of Government Securities
INTo
CENTRAL PACIFIC MORTGAGE BONDS
now realize Tor the holders about