New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-28
DRINCIPAL AND INTEREST IN GOLD
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GAGE BONDS.
,emuo,y ,uo-n n. he General Government for wise pai
., has gwen It's aid 'nl encouragement to ''' '''''''O" VI
LAIN r,,Dorop rrSr or RAILROAD the P,c.ac Ocean
.,,r., a.. ,oo.,,, With he various Eastern Branches Of
II, p.5s Railroad system which VIII form the GRAND TRUNK
serrE Il, Par West poD Which the mighty trans continental traffic
.B concentrate
rng CENTRAL PACIFIC RAILROAD CONPANY-vhO are carry
-s forward Wit, greater energy AID persistence than ever shown
any similar work in ancient modern issN ba' equip OVn
1 control the Western half Of this Through Line he most productive
od and valuable portion oihs vio may Justly be regarded
rs,,ne Sic riches. franchise ever granted on this continent
Of coe,, upon The Corporations beside right Of
aI The Territories gin Of II go Of the ruoIe lands per
, ,oatuor, TO this Bae appropriation from the National
o,.atof SIXTY MILLIONS IN SIX PER CENT BONDS delivered
o. Ae gol progresses OF lA lie estimated cost Of The TlrOosh Line
Branches These subsidy bonds Companies may cancel ina
sre q years BY the transportation services Of The Roads and small
enass Of It's net earnings hey therefore constitute sHto
eat strength to the Corporation.
he Act further authorizes them equal amour, Of their 0-B
81 Mortgage Bonds Of corresponding denominations, As shan Be
FRS, e upon ae rAol. railroad property and uh he lien
ne ecemeat shan Be subordinate Of readily
ing TIE remaining half Of The capital constructions she equip
ua, being provided GU, Of tie Capita. stock subscription. and
,,r sonIeet.
rse Gss, CENTRAL PACIFIC RAILROAD h therefore, i'm
sni sense SEMINATIoNAL WORK, aided ard commented BY
sspseg Legislative power and the Executive oHeer' though its
eunt is administered @ al he and Orsaopg g" most
t pr,ga. porans Being under constant supervision Of
,s eo,spnestvAo being he principal creditor accepts subordinate
Aad contingent nenv 90 large Of additional capital also in
vested IN TIE property pledged believed that no securities no" Of
ssd in The make, posses claims to confidence and market
,siue except those Of the Government
USder these yorg ausIiess gratifying progress has been made
extending the railroad from both directions Nearly 1000 miles
sfns M.a Line and cnvsgrg Branches between e Missouri vsI
sd ne base Of ROCKY Mountains have been built within three years
he CENTRAL PACIFIC RAILROAD has also steadily and successfully
ie6 The Msnste steamboat navigation Of the Pactc
n s summit Of the Sierra Esysd and B the Great Salt Lake Basin
est Of he California Line Having o'EsoH By far 'h' most da''
s s1rer.,s portion Of lie whole line, probabilities Of the troaFh
oursstop ulbe eastern ss being esSe 1870 aoaut au
certainty.
The prominent fesiure IN progress Of e Central Padie Rsioad
remarkably Ye and profitable Local Business which developed
psp he completed portions more usaing the estimates Of its
ela, the immense sac between The port Of California and
ne Mining Regions Of Interior vou sustain ftes railroad
b. even the overland not built TIE net profit
ssa operating he link oess 100 miles uI II reaches nearly
so uuons in gold an tbs VII be doubled daring the coming
season rAsB The entire mountain transit made ty the locomotive
VIII every extension the tack the business and profits Of the com
rd part sre eIsatea when the Overland through ae shall
t ,rs3 upon the Central Roaa general prosperity Of the Com
lar, VIII be without parallel securities appreciated correspond
msiy.
Ire CENTRAL PACIFIC RAILROAD COMPANY offer for sale
,a,r FIRST MORTGAGE THIRTYYBAR SIX PER CENT GOLD
BONDS and submit 70 e following among other obvious
considerations and comparison with the merits and 'Ieen
zee Of any class o;eOrpOrass securities:
These boads sre upon the VIA and valuable part OH
Grand National Psese Railroad become TIE main chanel Of
communication on the eoatiaspt
Il The oeh settlement and business s'shom 'ren'rl'e' large
AID yrolasle and nus, constantly increase
III Tie hardest part road b AID TIE remainder VIII
d. ,.s.ly earrei forward over the Salt Lake Plains
" The greater part Of he necessary build tie road pro-
,d.sty tie I. s. Government upon subordinate len
The State and chief cities California have contributed upward Of
$4,000 70 ihs enterprise sihOutnen.
VI The grant ofd destined early day 70 prove Of far greater
ose, value than ts to,. Of tie Mortgage bonds issued upon the
road and equ'pmeutG
VII This Road lies altogether among The g and silver producing re-
,en.. and is revenues are received in coin.
VII The Company has been tie highest degree
rrai and rag The whole surplus after payment Of expenses and
interest, 5. devoted to construction purposes.
X T. interest liabilities Company r0' less than
lld the net earnings upon the road pledged
Z Both priaeipq and interest paya1I GOLD under special
1s,isors Of both National and state enactment
The Bonds are sums Of $1,000 each with 'eHtanrual gold eog
s attached and are osrcd Tor 95 cert Of their par 's
ava accrued in,er,s; from July s1dei in earreney
There an mportau, aarlnss etupoH the out
"a, purchasing b,o. the back interest charged sI per
ip orSnrscI though repaid n 4: tbs time they
pad nearly
NINE PER CENT UPON THE INVESTMENT.
~ p5s hid sr 20 attain the most promineut position among the