The Portland daily press., 1867-09-07
OCEAN HOUSE.
CENTR AL
Pacific Railroad
The Western half of the M
GreUt National TraSnE Lime
+. AcrOss the Continent,

Being constructed with the AID and sUPERvIs-
is destined TO be of the most in poran and val
liable Railroads in the world as it is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the .l
Principal portion of the Main Stem, Line
between thc Two Oceans. u
The present western terminus is at Sacramento on
the navigablc waters of the Pacifc but it will u1t-
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. The company are author zcd to con-
tinue thelf lire until it shall meet and con.
meet with the rna 5w building east of the Rocky
Noun ain rang,
Assuming tlat ~ win build and control half the
entire distarp Jetwesn San Francisco and the Mis-
souri, River, sssss probable, the United States
will haxe i,.-ev,ed iiS Inc compfetuu 500 mites
S2S S,592 900, or at the average rate of So 900
per mile-not including an absolute grant of 10,
900 900, acres of the Public Lands. By becoming
aoint investor in the magnificent enterprise and nv
waving its first lien in favor of the First Mortgage
Bondholders, THE GENERAL GOVERNMENT IN Eff
Feet, INVITES THE COOPERATION OF PsIvArE
CAPITALISTS, and has carefully guarded their inter-
ests against all ordinary contingencies. t
The Central racine hallrcad enjoys al the privi-
leges grants and subsidies conferred by the Acts of
Congress upon the other par ofthe through line and
has, i'll addition, several special, xclu i've ad-
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 S3,0 600
900 in gold, in addition to the full benefit OF the
Government subsidy. aa
H. The hardest and costiest part of its construction
has been successfully overcome within the first
I9 150 miles In a few weeks the {, ack will be com
pletel entirely across the Sierra Nevadas, after
which progress to Salt Lake will be easy and
(, rapid. lta uo n
Ill. The local business aone of this road establishes
its complete financial success, independently Of
& the vast through traffic which must pass over it.
lf 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
ftths were net earnings. FL
w, 1t can have competition, but will carry be-
side its own lucrative local traffic. the tohoie rol
Hnte or through busiftcss which is shared among
its Eastern connections and their branches.
V. The road lies wholly in territory yielding the
precious metals, and its revenues are collect
ed In COIN. Its rates for transportation arc very
advantageous, being more than three times those
ofroads lying east of It; and the ratio of operat-
ing expenses is Tess tan rs per cent. OF the gross
earnings. a.
VI In consequence OF the aid it receives from the
General Government. from the State of Califor-
al interest obligations which the Company are
called upon to assume are very light. Tho net
earnings upon an average of about 75 miles, i'm
1866, were nearly three times the amount or an
IL, and ,oere S2S5 900 more than the annual inter-
est0n the entire amount Of First Mortgage Bonds
which TIE Company can issue apon the first 100
MILES. -.,...-