The Portland daily press., 1867-11-09
MISCELLANEOUS.

Across the Sierra Nevadas.
II HE
ACENrTR TAI.
Pacific Railroad
The Western half of the
Great National T,.u,,h Li,,e
on AcrOss the Continent, as
Being constructed with the AID and supERyIS
ION OF THE UNITED STATES GOV ERNMENr.
Is destined TO be one Of the most i'm portant lines of
communication in the world, az it is the 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 Line
between the Two Oceans.
its me extends from Sacramento, on the tidal
waters fthe Pacific eastward across the richest and
most populons parts of California Nevada and Utah,
contiguous to all the great Mining Regions of the Far
West and will meet and connect with the roads now
building east OF the Rocky Mountains. About 100
miles are now built equipped and in running opera
ton to the summit OF the Sierra Nevada, Within a
lew. u ys 30 miles, now graded will be added and
the track carried entirely across the mountains TO
point in the Great SaltIake Valley, whence further
progress Will be easy and rapid Iron materials and
equipment are ready at hand for 800 miles Of road
ana III ooo men are employed in the construction,
me local business upon the completed portion sur
passes all previous estimate. The figures Tor the
quarter ending August 81 are as followsin GOLD:
"oSS operating Net
Earathgs, Expenses, Earniaos
S4Ss ,57964 SS6,54S a. s4OI.O31
OF at the rate OF two millions per annum. of which
more IMAM profit on less than 100
mil worked. This is upon the actual. legitimate
rac OF the road with ITS terminus in the n,ouptain.
ana with only the normal ratio of government trans
portaon ands exclusive of the materials carried or
the further extension OF the road Ha@M +
The Companys interest liabilities durino tbe same
period were less than $125,OOO.
Add to this an ever-expandne tbrouob ra.,ic ona
the proportions ofthe future business become i'm,
mense Z 3
The Company are authorized to continue their lima
eastwal until it shall meet and cotnect wifi tho
roads now building east OF the Rocky Mountain ran
ges. Assuming that they win build and contro, b,,
the entire distance between San Francisco and fbs
Missouri River, as now seems probable. the United
STATES viii have invested in the complexion of as
miies SSS,o9@,OOO, OF at the average rate Of
S30,OOO per mile-not including an absolute grant
OF AO,OOO,OOO acres Otthe Public lands By he
coming AGENT investor In the agnlfcent enterprise
ana by waving Its first lien in favor OF First Mort
gage Bondholders, The General Gopernmenf in easct
mrfes the cooperation Of private capitalists. and
mas carefully guarded their interests against all o,
binary contingencies. ugan sEtIaR sE8fGs
The Company offer for sale, through us, their
Ffrst Mortgage Thirty Year. six
.t,,s, per Cent. Coupon BONDS.
Principal and Interest pav,hls :. c.
Coin, In New York city. They are in sums Of a. :
ooo each, with semi annual gold coupons attached
and are selling for the present at J per cent and
accrued interest from July LIST added in currency at
which rate they yield nearly % $50
WINE per Gent. npon the Investment.
1hese Bonds, authorized by act of Congress are Is
s"eo only as the work progresses and to the same a.
mount Only as the Bonds granted by the Govern
ment; and represent, in all cases. the first lie upon
completed, equipped, and productive railroad. IN
winch have been invested Government subsidies,
stock subscriptions, donations surplus earnings
and which sworthniere than hree times the amount
OF First Mortgage Bonds which can be issued upon IT.
The Central Pacific First Mortgage Bonds have all
the assurances, sanctions and guarantees nj The Pa
cifc Railroad Act OF Congress- and have in addtion
several noiceabie advantages over all other classes
OF railroad bonds
FIRsT-They are the superior claim unon a,toastbsr
line. -0
SECOND Beside the fullest benefit of the Govern
ment subsidy (which is a subordinate lien1 III.
= fOau receives the benatit' nj 10 10