The Portland daily press., 1867-09-12
MISCELLANEOUS.
II in Il
CENTRAL s-s
Pacific Railroad
The Western half of the
Great National Ta'sSnA Lime
Across the Continent,

Across the Continent,
Being constructed with the AID and SufEhViS-
ION OF THE UNITED STATES GOV EMINENT,
ia destined to be of the most portant and val
uable Railroads in the world as it is the sole link Of
communication between the Paclhc Coast anu the
Great Interior Basn and the
Princi pal poriion Of the Main Stem Limo
between the Two Oceans.
The present western terminus is at Sacramento, on
the navigabe waters OF the Pacific; but it will ulti
matey extend from San Francisco across the richest
and most popuous 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
meet with the roads now building east of the Rocky
Mountain ranges.
Assuming that they will build and control half the
entire distance between San francisco and the Mis-
souri, River as now seems probable, the United States
will have invested in the completion of sos miles
$3S ,592 900, or at the average rate of S3J 900
per mile-not including an absolute grant of 10,
900 900, acres of the Public Lands By becoming
joint 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.
The Central Pacific Railroad enjoys all the privi-
eges grants and subsidies conferred by the Acts OF
Congress upon the other part through line, and
has, i'll addition, several special, exclusive adj
vnmtmges applicable only to the Western Half. -
| /. The Company has received from the State and
chief cities of California, assistance In money
credit and valuable property worth over $4,000
900 in gold, in addition to the full benefit OF the
Government subsidy. tiik sHitEGtk Il5l
H. The hardest and costiest part of its construction
has been successfully. overcome within the first
100 miles. In a few weeks the track will be com
pleted entirely across the Sierra Nevadas, aftel
which progress to Salt Lake will be easy and
rapid.
Ill. The local business alone of this road establshe!
| its complete financial Success independently o
the vast through traffic which must pass over it
| The gross earnings for the months OF june aNi
July, upon the "a miles then open for business
were upward of $297 900 i'll gold, OF which four
| hiths were net earnings.
". 1t can have competition, but will carry be
side its OWL lucrative local traffic. the ,rhOie rot
| uDae OF through business which is shared anon:
| its Eastern connections and their branches. %
| V. The road lies wholly in territory yielding TIN
precious metals, and its revenues collect
ell In COIN Its rates Tor transportation yer,
advantageous being more than Il rec times thos
| ofrOads lying east off and the ratio of operat
ing expenses is less than 20 per cent. the gros
earnings.
vi. In consequence Of the aid it receives from tn
General Government. from the State of Califor
MIA and from municipal corporations, the annu
| al interest obligations which the Company ar
/ called upon to assume arevery light The ne
earnings upon an average of about rs miles, il
/ 1866, were nearly three times the amount of
nudt interest liabilities to be assumed in baldin
IL, and icere 1926 900 more than the annual inter
est on the entire amount Of First Mortgage Bond
which the Company can issue upon the first 10
miles.