The Portland daily press., 1867-10-28
MISCELLANEOUS.

Across the Sierra Nevadas.
kE e. aasr n E s
SET$Its Al c6t
Pacific Railroad
seas'G sFoa ~ ga L
The Western half Of the ~ sAaf
Great Nati04,t7 Trstnk Line
IcrOss the Continent,
Heins constructed with the AID and SUPEkVIS-
ioN oF THE UNlTEDSTATEn GOV EMINENT,
" deslnc! TO he one-of the most IN poriant lines Of
communication IN The world, as ills The sole link
between the Pacific Coast and The Great Interior
nasih, over w i'b the immense erIand travel mnst
pass, and The Es - s#&h
Principal poriion ef the uain stem Line
between ihe Two Oceans.
lts hns eAehds nom Sacramento, on the tidal
"'eia OF me Pacific, eastward the richest and
m9st populons par California, Nevada and Utah,
contiguous to all the Mining Regions Of the Far
"est anu VIII meet and connect with the roads
ouildlng east OF the Rocky Mountains. About 100
mics are now built, equipped and i'll running opera
ton to the Summit CT the Sierra Nevada Within
lew ysS5 miles, now graded, will be added AMI
the track carried entirely aero .sthe mountains to
point III the Great Salt Lake Valley whence iurthd
progress VIII be easy and rapid. Iron, materials and
equipment are ready at hand $50 miles CT road.
ana lo'ooo men are enpoJed in the construction.
Inc local business upon the com peted poIt ton sur
passes all previous estimate. The figures Tor the
A1,u, ~ Q : 40
Gross Operating Net 4
Earnings, Expenses, Earnings,
sfS1,5596A SsG,5is4 e4OI, Oa1 ~
or at the rate Of two millions per annunl, of which
more ihah three-iourths aienet profit oi less than 100
mil worked This is upon The actual, legitimate
traffic oftbe road. with its terminus in The mountains
and with only the normal ratio OF government trans
portatio and is exclusive of he materials can led Tor
the further extension of the road EEf
The Companies interest liabilities during the same
period were less than So G0D
Add TO this an corresponding through traffic and
the proportions of,he future business become I'M
mense sakss 80 & = ..,.....e
lie company are authorized TO continue their line
eastward until i shah meet and connect with the
roads now building east OF The Rocky Mountain ram
ger. Assuming that they will buill and control half
The entire distance betw cen San Franci co and The
Missouri River, now probable the United
States will have invested in the Completion of siJ
miles SsS .591 900, or at the average rate of
$3S,OOO per mi'c-nof including an absolute grant
OF AV,OOO,OO acres OF the Public lands. BY be-
coming age mt investor in the magnificent enterprise
and ywaying its FIRST lien in favor OF First Mort
gage Bondhoiders, the General Government m effect
inrites the cooperation Of private capitalists, and
has carefully gnarde their interests against all or
binary contingencies
Thecoinpany offer fors sale, through us, their !.
FIrsi Mortgage Thirty Year, six
per Eesst. Coupon Bonds,
Principai and 1ntetest payable in Cold
Coin, in New York city. They are in sums of ST.
600 each, with semi-annual gold coupons attached,
and are selling for the present at 9J per cent and
accrued interest from July LIST added in currency at
which rate they yield nearly as ~
Nine per Gent. "pon the Envestn,cut, "a
These Bonds autbolizadby act OF Congress are is
sued only rs the work progresses and to the same a.
mount Only as the Bonds granted by the Govern
inert; and represent in ali ease7 the FIRST lie upon
completed, equipped, and productive railroad in
which have been invested Government subsidies
stock subscriptions donations surplus earaines etc
and which is wortlmore than three times the amount
OF First Mortgage Bonds which can be issued upon it.
=
tne assurances sanctions and guarantees of the Pa
cfc railroad Act OF Congress, and have in addition
OF railroad bonds.
FIRsT-1bey are the superior claim upon altogether
fhemost vital and valuable portion of the through
SECOND Reside the fullest benefit of the Govern
hent suosid (which is a subordinate 1ien,1 tn
from California. W. asts 6EF9
sTHf1sb-Fully half the whole cost Of grading 500
c ri G1,r, =,
= upon the 100 miles now about COMPLETED
FoUEIH-A local business already yielding three
oit the annual interest liaiilties with aivan
tageoas rates payable IN coin.
FIFTH The principal as well as the interest of its
Bonds being payable in coin, upon a legally bind
in. agreement.
Having carefully investigated The resources nro
gress' anu prospects 1T the road and the manage
ment OF the Company's affairs, we cordially recon-
mend these Bonds 10 Trustees, Executors, Insfii,,
lions, anu others as az emneDiy S0osd, and relidote
femdaefdttce form Of pelmdfent Investment.
Central Pacific First Mortgage
Now realize for the holders about sA ''s
FROM TWELVE TO FIGIITEEN PER CENT.
ADVANTAGE,
SIS with the same rate of nisrest, sas-
The following are The current rates tseptember
9th) subject. 0course, 10 slight variations from day
to day. We receive in exchange: '
U s. Sizes 1861, coupon, ana pay difference, 1853 40
u. ,. Elve-I weniies, 1862. coupon, do. 1870 40
y 8 Ene-Iwe ties, 1864, coupon, do. 135 30
u. ,. rive Iwenlies, 1860, coupon, do. 148 40
y. ). Five-Iwenties 1863 new coupon, do. 40 90
U , nive-IWenties, 1867 new coupon. do 100 9
u s Ten Forties, coupon and pay difference IS 40
U ) Seven, Thirties I'D series do. do. '12S 10
y. .. oeVeli5lmftles t5tt series, } DO. do 1872 10
For sale by Banks and Bankers generally. Of whom
andby "a "a - a '1''
E'iSk * Hatch. q
Banaers and Dealers in Government se-
cHrities, 1880 i
Financi si a gen . Of the G. p. r. II. Co.,
w y AZ