Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1867-08-21
Nem Embellishments.
THE
CENTRAL PlCIF { RAILROAD,
TUE WHsft RI lALF or THE
Great National Tunk Line Across the
Continent,

Great National funk Line Acro@ the
Continent,
Being constructed with the AID AND SUPERVISION
or rae UNITED STATES GOvERNMENT, IL
destn to be one Of the sosr MruHr,Nr AND vtluA-
HLR RAILROAD, II rHs wonLD, asitis the 20 lnk VI
cOmmunis IA between the Pacific iast AMI the Great
Interior bain and The
Principal Portion of the Main Stem Limo
between the Two Oceans.
The present western terminus L. At sacrAreu.o, on
The gable waters Of the Pacific; but Il will ultimate
ly extend from saa Francisco across the richest and
moot popuous parts o. California, Nevada ard Utah
contiguous all the great Mining Regions Of the Par
West The Company are authorized to continue their
line eastward until it shall meet and connec, with tue
Dads building est OF the Rocky Mountain ranges
Assuming that they will build aud control h,lf the
ente distance between Fan Francisco aud the Missouri
River. seems pfobaole, the United States will
have iuyes ed ia he comploti q s15 miles s2S SOP
600 At the average rate Of e3jOO per mie-not in
Guiding absolute grants Of 10 900 90 acres ofhe Public
Lands By be coming joint investor 10 the ma suidoeat
enterprise and by waving ia first lien In favor Of the
First Mortgage Bondholders 1HE GENERAL GOVERN
NBNr, IN HFPEor INVITES THE % oPBR ,TioN or
PRvArs CAPITALISTS, aud has carefully guarded their
interests agaiust all Ordinary contingencies
The Ccaual Pacific Railroad enjoys all the privileges
grants and subsidies eoufers I'd by the Acts Of Congress
upon he other parts Of the through line and has in
addition, several special exclusive Advantages Ap lea
ble ouly to the Western uht
l. The Company has received from III, State and chief
cities OF CALI unA osfts'd' &c money credit and
valuable piopffty 100 MoUe- 5000 90 Ia gold, ia
addition so the fl bene1t of the Government ubsidy
H. The hardest and ooithes part of rs contraction has
been steeesqats ouerc ne within the st 49, miles
ia feF weess the track will be oimp eteu entirely
the sierra Ney,dts, after which progress 10
Salt Lake viii be easy aud rapid
I The local business lone Of this road establishes s
complete financial success, Independently Of tue vast
through uate which must pass over IL. The gross
eArninssfpr the months OF June and ia y, on the
80 miles h open Tor busiue,s, tpna drf S29T,.
wv 90 gold of with Jour ftths were net Ca nings
~. 1t Lave no competition but will carry, beside
it own lucrative local traffic, the toh0is U0iame Of
Through 5ainets HIGH is shared among It's Eastern
connections and bran hes
V. The road lies wholly ia ertoty yielding the pre- cous
metals ana rs reUeHHes collected IN cOta It's
fJf uans ortson are very al antageuus, being more
thAn three times hose OF road ing east q u; aud
TIE ra'o Of peTaiing <geses % less than % PEI cent
w. In Consequence 4 the aid it receives from the Gen
era Cove umsnt. from the state Of California, and
from muuicipa c,ip1fauIns the annual interest OBJ
h.ations which the COMPANY are called upln 70 as
sume are very lght The net "a nin.s upon
eiage u sbo 10 miles. j.. 1865, were uea.B three
times ths amount Of dnuu in'cre5t ti1bitief % be
usSEHled 90 Guiding g. and $50 JUO than
the aaa ~ ere,t On ne ~ ire an ouai ot Firs Mort
ga.e B9nds thieh The Company ea1 'ssue upon ne
frit 80 Hiilss
Tas Comaany oHer f,r sale, through US, their
First Mortgage Thirty Tear, Six per Ceat.
Coupon Bonds,
Principal and terest pay able ia G Did Coin, in New
York oily. Taey Of u .OJO each 9Th semi
nuAl gold coupons attached, md selling for he
present 9j per cent aad accrued interest from July
lst added in currency, which they eld nearly
.tfHe per Cent. upon TIE EiresfmeHf
1hese Boud author zsI b. At oi Congress, is-
aued only the TX progresses, and to the same
amount only the Bonds grautdby the G3yernmenp
anu rel resent, al case, first lien upon COM
pe,ed EQUIPPED and produ tive railr ad. la which We
been Invested Glvefnment subsidies stock su1sciiP-
tors locations, surplus eatnngs etc. and which IS
worth than htee time. the amount Of rst Mort
gage Bonds which be issued upon it.
Toe agreement Of this Company to pay principal and
Of their Bond, ia oou being made under the
specie Contract Law Of California, authorizing Nd en-
frcng contracts to pay syli Is Legally binding. like
similar agreements maie'oy companies in states where
such legislative sanctiob exists.
In these important pT,acasrs the Securities Of the
Contra Pacific Compsns ggey an Unusual degrees Of
sa,aey sssbiaig and pyo,f ye0ra fined.
THB FIRsr MoRre ,es BONDS or THIS C0NFASY are
destined to occupy prominent place among FlhsT-
CLASS SECURITIES ia the money markets Of this
country and Europe and III without doubt he esgsry
sought for an anxiousy dealt in hereafter, at rates
teray 10 advance Of the price which they Of
fered.
aving carefully Investigated tho progress,
and prospe is II the oai and the management Of the
Companys affairs, cordially recommend these Bonds
TO trustees Executors lnsttuuons, and others as an
eminenty sound reliable and yeg,aeratDe form OF PEI
fna,isnf inue,tusHt
COHrer,6OHs Of G0ssrHBseisf SeoHrifies.
INTO
CENTRAL Pacific FIRST MORTGAGE BONDS
nov yeahs for thu h'idsrs about
TwELvs PER CENT. ADVANTAGE,
WITH THE SAME RATS or INTEREST
For sale by Banks ard eapk-rs generally, Of whom
deceptive Pamphlets aud Maps can obtained aud by