The Portland daily press., 1867-08-19
IN Vale r N ..sl
tFIteffl .saeuE ransEar t4 aH
.s CENTRAL
Pacific Railroad
tf Tho Waetaru half 0f the
Great National Ir1nE Line
Across the Continent,
% The Western half of the

Being constructed with the AID and SUPERVIS-
ION OF THE UNITED STATES GOVERNMENT,
10 destined to be of the most i'm portant and val
liable Railroads in the world it is the sole link of
communication between the Pacific Coast and the
Great Interior Basin, and the ssa fre...... .
Principal portion of the Main Stem Lime
y .ys between the Tive Oceans. $500
The present western terminus Is at Sacramento, on
the navigable waters OF the Pacific; but it will ulti
maely extend from San Francisco 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 zed to con-
tinue their line eastward until 1t shall meet and con-
meet with the roads now building east of the Rocky
Mountain ranges. % tipf
Assuming that they win build and control half the
entire distance between San Francisco and the Mis-
souri, River as now probable, the United States
will have invested in the completion of SOS miles
$3S 1922 900, or at the average rate of $35 900
per mile-not including an absolute grant of 10,
| 900 900, acres of the Public Lands By becoming
ajoint investor in the magnificent enterprise and by
waving its first lien in tavor of the First Mortgage
/ Bondholders, THE GENERAL Gov ERNMENT, IN Eff
| FBcT, 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-
leges grants and subsidies conferred by the Acts
Congress upon the other parso through line and
has, in addition, several special, ex clusive ad-
| vantases applicable only to the Western Half
| 1. The Company has received from the State and
l chief cities Of California, assistance In money,
credit and valuable property worth over S., 600
900 in gold, in addition TO the full benefit OF the
Government subsidy. g 81 ~ To- - l. al
II. The hardest and cosest 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, after
which progress to Salt Lake will be easy and
| o rapid. --- en-
III. The local business alone of this road establishes
| its complete financial success, independently o.
/ the vast through traffic which must pass over IL
The gross earnings Tor the months OF June ant
| July, upon the q miles then open for business
M were upward of 1921, 900 In gold, of which four
fiiths were net earnings. Of laaoi "a 4-}
". 1t can have competition, but will carry be-
side its own lucrative local traffic. the achoIe vot
l. unae Of through business which is shared among
/ its Eastern connections and their branches.
" The road lies wholly in territory yielding thu
| precious metals, and its revenues collect
ed in COIN. Its rates Tor transportation very
Ofroaais living east Of it, and the ratio Of operat
ing expenses is Tess than 20 per cent. OF the gross
| earnings.
VI In consequence OF the aid it receives from tn
- General Government from the State of Califor
L MIA and from municipal corporations, the annu
L = al interest obligations which the Company ar
called upon to assume very light. The ne
earnings upon an average of about rs miles, II
1866, were nearly three times the amount or an
nuat interest liabilities to be assumed IN building
eston the entire amount Of First Mortgage Bond
| which the Company can issue upon tie first ID
miles. F-~A - &rAAA 81 F'MA