The Portland daily press., 1867-11-14
MISCELLANEOUS.

AAOA WIN Wiz HOAO4 I'M Y CttlIes
CENTR Al
Pacific Railroad
Inc Western half of the
Greet National Trssnh Lime
foross. TIE Continent.
e,is eons . uciea with the AID and SUPERVIS-
ION OF THE UNITED STATES GOVERNMENT
Is 10 be one OF the most in portant lines of
oi"'iu'i'oi''oh IN the world, as it is the sole link
ps'"een inc racine Coast and the Great Interior
Basin, over which the immense overland travel mast
pass, and the Nt
Frs"c'pa. portion eff the Rsain Stem Lime
between the FwO Oceans.
Its line extends from Sacramento n, the tidal
waters OF the Pacific eastward across the richest AMI
most poPnious parts of California, Nevada and Utah
contiguous to all the great Minipc paio,s =, a., ~,
west, and VIII meet and connect with The roads now
puIiding east OF the Rocky Mountains. About 100
miles are now built, equipped and in rupnina onera
tion TO the summit OF the Sierra Nevada. within n
e" 'yso2 mles, now graded viii be added and
'e tach earned entirely across the mountains ia n
point IN Inc Great Salt Lake Valley whence further
ptosress VIII DE easy and rapid. Iron materials and
Equipment are ready at hand for 300 miles of road
| ana io,ooo men are employed in the construction
Inc local business upon the completed norton sur
passes all previous estimate. The figures far the
quarter ending August 81 are as follows in GOLD:
"s' operating Net
Earnings Expenses, Forn;aos
$4Ss $1,000 SS6,54S4, SA0z os1r,
or atthe rate OF two millions Der apnp,o of which
more than three-ourths profit on less than i'm
| mil worked This is upon the actual leoitimata
uame OF the road with Its terminus in the mountains
anu WIN only the normal ratio Of government trans
portation and exclusive the materials carried or
the further extension OF the road
The Company's interest liabilities fnr,no tho
period were less than $121 ,OOo
ADD to this an ever-expanding through traffic and
| the proportions OF The future bnsness h,xa ~,
mense. '
The Company are authorized TO eont,pua tboir I've
EASTWARD uhtii II shall meet and connect with tho
ro'us now building east OF the Rocky Mountain ran
ees. assuming that they will build and control half
.he ehthe distance between San Francisco and tbe
missouri river, us now seems probable the United
States will have invested in the completion Of Z:
miles SSS, 500 200, or at the average rate of
@'o,VOO per lnle--not including an absolute grant
Oh hV'VoO,cOo acres OF the Public lands Ry be-
coming AGENT investor in the magnificent ENTERPRISE
anu ny waving Its firsi lien in favor First Mort
gage Bondhoders, the General Government in oa;c,
inrites the cooperation of private conitoI;sts and
mas carefully guarded their interests against all or
| binary contingencies.
The Company offer for sale, through us. their
FIRST Mortgage Thirty Year, Six
per Cent. Coupon Bonds,
Principal m"d Interest payable In Gold
Com, in New York city. They are in sums of ST.
ooo each, with semi-annual gold coupons attached.
and are selling for the present at 9J per cent and
accrued interest from July LIST added currency at
which rate they yield nearly
wine per Gent. npOm the HnvestEaena.
These Bonds, authorized by act of Congress are is
SUED only al the work prog and to the same A.
mount oEiy as the Bonds granted by the Govern
henei ana represent in all cases. the FIRST lie upon
completed, equipped, and productive railroad in
| which have been invested Government subsidies
stock subscriptions, donations. surplus earnings etc
and which isworh more than three times the amount
OF First Mortgage Bonds which can be issued upon it.
The Central Pacific First Mortgage Bonds have oil
the assurances, sanctions and guarantees of The pa
enc Railroad Act OF Congress, and have in addition
| OF railroad bonds
fiRsT-Ihey are the superior claim upon altogether
The most vital and valuable portion of The tbrouph
line. ~ "sA
SECOND Beside the fullest benefit of the Govern
ment subsidy, (which is subordinate lien i IN,
road road receives the benefit OF large donations
from California. 81 H'r.
THIRp-Fully half the whole cost OF grading 500
mules eastward OF San Francisco is eSncentTated
upon the $50 miles now about completed
FoURTH-A local business already Welding tbree-
tageeus rates payable in coin
FIFTH-The principal as well as the interest ot i,s
bonds being payable in coin, upon legally bind
gress, and prospects OF the road and The manaae
ment OF the Company's affairs, we cordially recon-
menu these Bonds to Trustees Executors Institu-
IONS ana others as at emnently souna and reliaote
remanerdfire form OF permanent Investment
Conversions Of Government securities
INTO