The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-11-11
MISCELLANEOUS.


Across the Sierra Nevadas.
CENTRAL
Pacific Railroad
The Western half of the az"
Great National Trunk Lime
AcrOss the Continent.
Being constructed with the AID and suPERyJs-
ION OF THE UNITED STATES GOVERNMENT.
10 "eS 10 De one of the most i'm portant lines of
. ion IA lhe world, az it is the sole link
Uo'"eo" '"o racine Coast and the Great Interior
BASIN, over which the immense overland trave, mnst
Tri"e'P"' fofiaon Of the Main Stem Line
between the Two Oceans aba
Its line extends from Sacramento an Tho ida,
waters Pacific eastward across the richest and
most popuious parts of California, Nevada aed Utah
contiguous to all the great Mining R.oions nf ~, o
West, and viii meet and connect win ma rn.I on
building east OF the Rocky Mountains. About ,oo
msles are now built equipped and in running opera
ton 10 the summit OF the Sierra Nevada. within a
lew Us 30 miles, now graded, VIII be added and
inc trae carried entirely across tha maintains IA
point III the Great Salt Lake Valley whence further
progress VIII DC easy and rapid Iron materials and
equipment are ready at hand for 800 miles of road
anu io,ooo men are employed in the construction
Inc local business upon the conn etsd portion sur
passes All previous estimate. The figures tor the
quarter ending August 81 are as fellows in GOLD:
Gross ODerot,no NJ.
Earnings, Erpenses. Es,,n;.<,,
S4S5 ,5106 "a $S6,51S a. sA0r oa1,z
or at the rate OF two millions per annum of which
more than net prot On ass tbo 1oo
mil worked. This is upon the actual. legitimate
tranic the road with Its terminus I'm the maintains
ana with only the normal ratio Of government trans
and exclusive of The materials carried Tor
| the further extension OF the road.
The Company's interest liabilities dur,no the somo
| period were less than $12,, 0OO
| Add to this an eyer-axpan1inu throuab ,r.mo,,,,
the proportions ofthe future business become In
mense.
Inc Company are authorized to continue THAR limo
eastward until II shall meet and eor nact ,ytb ,b
reads now building east OF the Rocky Mountain RON
geS Assuming that they will build and control hal,
inc entlfe distance between San Francisco and tbs
missouri river, as now seems probable the United
States will have invested in the completion hf Z;
miles SOS, 500 900, or at the AVERAGE ro+s or
$50 200 per miic-not including an absolute GRANT
oil 10000, 900 acres OF the Public lands. Nv he
coming aye mt lnvestorin the magnificent ENTERPRISE
ana py waiving its first lien in favor of First Mort
gage bondhodefs, the Generat Government, in effect
,le'es Que co-oPerahon Or pricate capitalists and
is carefully guarded their interests against all or
| iulnafy contingencies.
; The Company offer for sale, through us. Their I'd
First Mortgage Thirty Year. Six
IS per Cent. Coupon Bonds. $40
rrancipal and Interest, pay a bic i'm Gold
Com, IN New York city. They are in sums Of n
ooo each' with semi annual gold coupons attached
and are selling for the present at 9J Der cent. and
accrued interest from July LIST added in currency at
which rate they yield nearly seA@
| Mine per Gent. apom the Investment.
inese Bonds, authorized by act of Congress are is
sued only as the work progresses and 10 the same a
mount Only as the Bonds granted by the Govern
iheht; ana represent in all cases. the frStH upon
acoh'pieted, equipped, and productive railroad in
winch nave peens invested Government subsidies
stock subscriptions, Donations surplus earnings etc
ana winch worth more than three times the amount
OF FIRST Mortgage Bonds which can be issued upon it.
tho as. a. aolhc Fist Mortgage Bonds have all
ae assurances sanctions and guarantees of tho Pa
cine railroad Act OF Congress- and have IN addition
several noticeable advantages all other classes
FIRsT-They the superior claim upop alfogstber
ne most vital and valuable portion of the through
SECOND Beside the fullest benefit, of the Govern
me1t SUBSIDY, (Which is Subordinate lien 4 III
ROAD receives the benefit OF LARGO donations
from California.
THIRD-fhlly half the whole cost o, grading 500
iniies eastward OF San Francisco is concentrate1
upon Inc 100 miles now about completed
FoURTH-A local business already Welding three
t oia ne annual interest liabilities, with adyan
tageoos rates payable in COIN zfF n ssff
Bonds being payable in coin, upon legally bind
| ing agreement. 80 = - ! :
Having carefully Investigated the resnnrees nro
gress, and prospects OF the road, and the manage
Ineht OF the Companys affairs, we cordially recon-
mend these Bonds to Trustees, Executors, Institu-
a o.ners as ar emineny SOUND and reliao,e
TenaheFdteoe. form or permanent Investment
C"nscssioas of Government Securities
Central Pacific First Mortgage
Bonds
| Now realize for the holders about
FROM TWELVE TO EIGlITEEN PER CENT.
| ADVANTAGE,
| With the same rate of interest
oi me following are the current rates Cseptember
etn subject OF course, to slight variations from day
| to day. We receive in exchange:
" 3. Sxes; 1856 coupon. and pay difference, 1853 40
~ i've -IIwehtes, 1867, coupon, do. 1870 40
RI RI 2. rive-nweLues, 1861, coupon do. 1876 80
r. .. rive awentles, 1860, coupon, do. 14S 40
n 3, rive -Iwentes, 1863 NEW coupon do. 120 80
~ o TIVe,IWehties, 1857 tnew) coupon do. 100 SO
r. o -forties, coupon, and pay difference SO 40
n n. O. ,eveh, ahrties va series,) do do 1873 10
" o. Seseh-lhrties t3d series,) do. do. 1872 10
| For sale by Banks and Bankers generally of whom
| descriptive Pamphlets and Maps can be obtained
| andby ~ W '''"'''
|
| Fisk & Hatch.
Banlers and Dealers fn Government se.
curifies,
Financial A9en Is of the G n. r, R, CO..