The Portland daily press., 1867-09-11

Being constructed with the AID and SUPERvIS-
ION OF THE UNITED STATES GOVERNMENT,
is destined to be of the most in portant and val
liable Railroads in the worl it Is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the
Principal portion Of the Main stem Line
between the Two Oceans.
The present western terminus is at Sacramento on
the navieable waters OF the Pacific; but 1t will ult
mately extend from San Francisco across the richest
and most pspulous parts OF California Nevada, and
Utah. contiguous to all tho great Mining Regions Of
the Far West. The company are author zed to con-
time their line eastward until IL shall meet and
meet with the roais now building east Of the Rocky
hTounta ranges.
Assuming that they viii build and control half the
entire distance between San Francisco and the Mis-
souri, River, probable, the United States
will have invested in the completion OF SOS miles
S2S, 500 600, or at the average rate of s35 600
per mile-not including absolute grant OF 10,
600 goo, acres of the Public Lands. BY becoming
joint investor in the magnificent enterprise and by
waving its first lien in flvor of the First Mortgage
B9nlholders, THE GENERAL GovERNMENr, IN Eff
BEcr, INVITES THE co-oPERATIoS OF PRIvATE
CAPITALISTS, and has carefully guarded their inter-
ests against all ordinary Contingencies
The Central Pacific Railroad enjoys al the privi-
eges grants, and subsidies conferred by the Acts OF
Congress upon the other par softho through line and
has, i'll addition, several special, exclusive 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 $4,000
900 IN gold, in addition TO the full benefit OF the
Government subsidy.
III. The hardest and costest part of its construction
has been successfully overcome within the first
100 miles. In u few weeks the track will be COM
pletei entirely across the Sierra Nevadas after
which progress to Sail Lake will be easy and
rapid.
Ill. The local business alone OF this road establishes
its complete financial success, independently OF
the vast through traffic which must pass over It,
The gross earnings for the months OF June and
were upward Of S207 600 in gold, of which four
fiths were ret earnings.
~. IL can have no competition but will carry be-
sile its OWL lucrative local traffic. the lUhoIe poE-
Mne OF through business which is shared among
lis Eastern connections and their branches.
" The road lies wholly in territory yielding the
precious metals, anu Its revenues are collect
ell In COIN. Its rates Tor transportation are very
advantageous, being more than tree times those
ofroads lying east of IT,; and the ratio of operat
ing expenses is Tess than 20 per cent OF the gross
earnings. tIE4 = Y
W. In consequence OF the aid it receives from the
General Government from the State of Calior-
MIA and from municipal corporations the annu-
nj interest obligations which the COMPANY are
called upon To assume are very light. The net
earnings upon an average of about 10 miles, In
1sC6, were nearly three times The amount of an
eudL interest liabilities 10 be assumed az buiLding
~, and tcere $2S5 900 more than he annual inter
est on the entire GmoWRt OF First Mortgd0e Bonds
which the Company can tssee upon ne first $50
miles.