The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-09-02

Being constructed with the AID and sUPERvIs-
ION OF THE UNITED STATES GOVERNMENT,
is destined to be of the portant and val
liable Railroads in the world, is the soenk of
communication between the Pacific Coast and the
Great Interior Basin, and tho .Ha
Principal portion of the Main Stem Line
between the Two Oceans.
The present western terminus is at Sacramento, on
the navgabe waters OF the. Pacific; but it will ulti-
mately extend from San Francisco across the richest
and most populous parts OF California, Nevada, and
Utah, contiguous to all the great Mining Regions of
the Far West Tho company are author zcd to con-
tnue their line eastward until it shall meet and con-
meet with the roals now building east of the Rocky
Mountain ranges.
Assuming that they will build and control half the
entire distaace between San Francisco and the Mis-
souri, River, now probable the United States
will have invested in the completion of S6J miles
S2S ,591, 900, or at the average rate of S3J 900
per mile-not including an absolute grant of 10,
900 900, acres of the Public Lands Bybccominp
aoint investor in the magnificent enterprise and by
waving its first lien in favor of the First Mortgage
Bcndholders, THE GENERAL GOVERNMENT, IN Er-
Feet, INVITES THE COOPERATION OF PRIVATE
CAPITALISTS, and has carefully guarded their inter-
ests against all ordinary contingencies
Ihe Cehtral raclnc haiiroad enjoys all the privi-
eges, grants, and subsidies conferred by the Acts Of
Congress upon the other par ofthe through ne and
has, III addition, several special, exclu i've adj
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. I'D.
H. The hardest and costiest part of it's construction
has been successfully overcome within the first
l6O miles In a few weeks the track will be COM
plete1 entirely across the Sierra Nevadas, after
which progress to Salt Lake will be easy and
rapid. -Ie.aarr 80. -.
Ill., The local business alone of this road establishes
Its complete financial success, independently Of
the vast through traffic which must pass over It,
yhe 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. - ~ q
w. 1t have no competition. but will carry he
side its own lucrative local traffic. the ,rhole vol-
ame Of through business which is shared among
Its Eastern connections and their branches
V. The road lies wholly in territory Welding the
precious metals, and its revenues are collect
ed IN COIN. Its rates Tor transportation are very
arvahtageous, being more than three times those
otroads lying east it; and the ratio of operat-
ing expenses is Tess than 25 per cent. OF the gross
earnings. NN-
VI In consequence OF the aid it receives from the
General Government. from the State of Califor-
ma ~ ana rom municipal corporations the annu-
al interest obligations which the Company are
called upon to assume very light. The net
earnings upon an average of about 10 miles, in
1866, were nearly three times the amount OF an
nuat snterest Liabilities to be assumed in building
10, ana acere S235 900 more than the annual inter-
eston The entire amount of First Mortgage Bonds
tchsch the Company can issue upon the first 1850
miles - - ''' OO