The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-08-30


Being constructed with the AID and SUPERvIS-
ION or THE UNITED STATES GOVERNMENT,
IS destined to be of the most i'm portant and val
liable Railroads in the world as it is the sole link of
communication between the Pacific Coast and the
Great Interior Basn and the b sss is. y
Principal portion Of the Main Stem Line
y betwcen the Two Oceans.
The present western terminus Is at Sacramento
fba m ouiaali------- Dur twill ulL-
matey extend from San Francisco across The richest
and most pcpulous parts Of California, Nevada and
Utah, contiguous to all the great Mining Regions of
the Far West. The company are author zed to con-
tinue their line eastward until it shall meet and con-
meet with the Is building east of the Rocky
Noun. ain ranges.
Assuming that they will build and control half the
entire dstaace between San Francisco and the Mis-
souri, Pver as now seems probable, the United States
will have invested in the completion of SOS miles
S2S ,502 900, or at the average rate of $3j 900
per milc-not including absolute grant of 10,
900 900, acres ofthe Public Lands. By becoming
ajont investor in the magnificent enterprise and by
waving its first lien in favor of the First Mortgage
Bondholders, THE GENERAL GOvERNMENT, IN Eff
feet, INVITES THE COOPERATION OF PRIVATE
CAPITALISTS, and has carefully guarded their inter
ests against all ordinary contingencies. stsUt ID
The Central Pacific Railroad enjoys all the priyi-
leges grants and subsidies conferred by the Acts of
Congress upon the other parts ofthe through line and
has, in addition, several special, cx clu i've nd
vantages applicable only to the Western Half.
1. The Company has received from the State and
chief cities of California, assistance in money,
credit and valuable property worth over $1,000
900 in gold, In addition to the full benefit OF the
Government subsidy. f.r a n.a4H t..a.+
H. The hardest and costliest part of its construction
hao hnp an wit thc frat
$50 miles, In few weeks the track will be COM
pleted entirely across the Sierra Nevadas, after
which progress to Salt Lake will be easy and
rapid. - eaaaa K, i1F ,aH'
ILL., The local business alone of this road establishes
its complete financial success, independently OF
the vast through traffic which must pass over 1t.
The gross earnings for the months OF June and
July, upon the "a miles then open for business,
were upward of $297, 900 in gold, of which four
fifths were net earnings. iiaI..lHu..t
~. 1t can have no competition, but will carry be-
side its own lucrative local traiic, the achole vol
anne Of through business which is shared among
its Eastern connections and their branches.
V. The road lies wholly in territory yielding tho
precious metals, and its revenues collect
ed in COIN Its rates for transportation are very
advantageous, being more than three times those
ofroa1s lying east oft; and the ratio Of operat-
ing expenses is less than % per cent. OF the gross
earnings. fl1 Att '1
VI In consequence OF the aid it receives from the
General Government, from the State of Califor-
MIA and from municipal corporations, the annu-
u al interest obligations which the Company are
called upon to assume are very light. The net
earnings upon an average of about 70 miles, in
1866, were nearly three times the amount Of an
nuat interest liabilities to be assumed in building
it, and acre $235 900 more than the annual inter-
est on the entire amount Of First Mortgage Bonds
iohtch the Company can issue upon the first 100
'ii miles.