The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-11-02
MISCELLANEOUS.


MISCELLANEOUS.
Across the Sierra NeVadas.
81 CENTRAL
Pacific Railroad 4
j The h ! Western Y ten half Of dthess"ots
Great National I3.at,sE Line
-SbsJ.
1crOss the Continent,
Eemg constructed with the AID and SUPERVIS-
ION OF THE UNITEDsTATEs GOV ERNMENT,
is destined TO be of the most important lines of
communication in the world, as it is tile sole link
between the Pacific Coast and the Great Interior
BASIN, over which the immense overland travel must
pass and the
Principal portion of the Main Stem Lime
between she Two Oceans. y
Its line extends from Sacramento on the tidal,
waters OF the Pacific across the richest and
most populous parfso of California, Nevada and Utah,
contiguous to all the great Mining Regions of the Far
"est ana Will meet and connect with the roads now
puuihg east Of the Rocky Mountains. About 100
laies are now built equipped and in running opera
noh 10 the summit OF the Sierra Nevada. Within a
lie" d'ys35 miles, now graded, win be added and
the track carried entirely across the mountains to
point III the Great Salt Lake Valley, whence further
progress VIII be easy and rapid Iron, materials and
equipment are ready at hand for 300 miles of road
ano loooo men are employed in the construction.
Inc local business upon the completed portion sur
passes all previous estimate. The figures for the
quarter ending August 81 are as ollowsi in GOLD
cross Operating e.. Net
eE@mings, Eepenses, Earnings,
S4s7'Ss9a ss6,5iS ~ S4OI ,O3I ~
or tine rate OF two millions per annum Of which
more than three-ourhs net profit ON less than 100
inh worked. This is upon the actual, legitimate
traifc 1.-THE road with its terminusin the mo-
anu Win ohy the normal ratio Of government trans
poreatoh andis exclusive of the materials carried tor
the further extension of the road y
Inc Company's interest liabilities during the same
period were less than S12500o SSE
Add 70 this an eyer-expanding through traffic and
the proportions ofthe future business become i'm
mense.
Inc Company are authorized to continue their line
eastward until itshall meet and connect with the
ROADS now building east OF the Rocky Mountain ram
ges. Assuming that they will build and control hal
the entire distance between San Francisco and tbe
missouri River, as now seems probable the limited
oeates VIII have invested in the completi,n of { a
miles SSS, 500 900, or at the AVERAGE rota =
SSo,OOO per inic-not including an absolute pran
OF sO,OOO,O 900 acres OF the Public lands Rv no.
coming aJont investor in the magnificent enterpr,s,
and by waving Its first lien In favor of First Mar,
gage Bondhoders, the General Goye,mmenf. IN eject
"e"es me cooperation Of private eapitolists an,
mas carefully guarded their interests against all or
binary contingencies. $3.50. "A
me company offer for sale, through us, their
First Mortgage Thirty Year, Sir
per Cent. Coupon Bonds, r
Tri"eipai and Interest payable i'm Col.
CON- IN New York city. They are in sums OF 81
ooo each' with semi-annual gold coupons attached
anu are selling for the present at 95 per cent am
accrued interest from y uly LIST added in currency
which rate they yield nearly
Nine per Gent. upon the Inves,p,er,.
Ihese bonds authorized by act of Congress, are Is
sueu only as the work progresses and TO the same
no"h' only as the Bonds granted by the Govern
ment; and represent, in all cases. the FIRST he mo,
completed, equipped, and productive railroad i,
wn'ch nave been invested Government subsidies
STOCK subscriptions, donations surplus earnings etc
and which is worth more than three times the amom
OF FIRST Mortgage Bonds which can be issued upon II
~ Ne central Pacific First Mortgage Bonds have al
ens assurances sanctions and guarantees OF the Pa
enc haiiroad Act OF Congress- and have n, ddifa,
severn hoiiceabe advantages over all other classe
FiRST-Ibey are the saperorclam upon altooatba
line. io' 'ioh N INC tnfougi
SECOND beside the fullest benefit Of the Govern
ment SUBSIDY, which is asubordinate lien i IN
Ioad receives the benefit OF large donation
ahD-fn liy half the whole cost. OF grading SO
mllss eastward OF San f. ancsco is Concentrate
upon the loo miles now about completed.
rookIH-A local business already Welding three
'oid the annual interest liabilities with adyan
tageeus rates payable in con
fIFrH-1he principal well as the interest Of n
Bonds being payable in coin upon a legally hind
ing agreement. AsssS e--'' oi'N
having carefully investigated the resources. pro
gress, ana prospects OF The road and the MANAGE
nenI Oh the Company's affairs, we cordially recon-
inend these Bonds to Trustees, Executors Institu
.ions auo Others as an emineniy sound and reI;rM
feMunefdfare form Of permanent snpestDaegat y n
conversions of Government Securisses