The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-11-16
EEEsEEE.ElANENE4.

CENTRAL
Pacific Railroad
y 9tl5tn. 4I 10 19nTGG
The Western half of the
Great National Trunk Lime
across the Continent.
ION OF THE UNITEDsTArEs Coy EI,NNIFNT.
is destined TO be Of the most In, nortant lires Of
communication in the world. as il il the sole link
between the Pacific Coast and the ,;rsat Interior
Basin, over which the immense oyerora travel mnst
pass and tho
Principal pOrtiSn &c the nsu5., stcp, Line
5 g5 between the Tive OCEANS.
us me exfends from Sacramento on the tidal
waters Oh the facc eastward across the richest and
most popuious parts OF California Nevada and Utah
contiguous to all the great Mining REGIONS of the Far
West, and will meet and connect with ha roads now
building east Of the Rocky Mountains Abont 100
miles are now built, equipped and in rnnpipc opera
ton to the summit OF the Sierra Nevaaa Witbin a
lew ys3' miles, now graded, will be added. and
the track arriedentirey across the Mountains TO n
point IN the Great Salt Lake Valley, whence further
progress VIII be easy and rapid IRON materials and
equipment are ready at hand tor 500 miles of road
ailo ioooo men are employed in the construction
'"e ''ea BUSINESS upon the completed portion sur
passes all previous estimate The tIyures lar the
quarter ending August 81 are as followsin COLD.
o''SS operating 8 Net
Hof"t9s' Eaipenses, Earnings,
S4ss 'a7o64 SS0,54S ~ s40I ,O31 ~
ha 10 nj quo
mere than three7ourths profit on less than 100
nils worked. This is upon the actual. legitimate
traffic ofthe road. witlts terminusnfhe mountains.
and with only the normal ratio Of government
portaton andis exclusive of The materials carried for
the further extension of the road q fc,o. .s,esA
The Companys interest liabilities during the same
| period were less than $4,000.
ADD to this an corresponding through tratic and
| the proportions ofthe future business become I'm
mense.
fhe Company are authorized to Continue their line
| eastward until itshall meet and connect with thu
roads now building east OF the Rocky Mountain ran
geS Assuming that they viii build and control hall
the entire distance between San Francisco and The
hiissouri river, AZ now seems probable, the United
oet'es VIII nave invested IN he completion Of 5
| miles S1S,592 900, or at the average rata of
40 00O per miie--not including an absolute Grant
-, 800 o ! uoiic ithus. by De-
coming ajc'nt Investor In the magnificent enterprise
and by waving its first lien in favor OF First Mort
gage Bondholders the General Government in effect
inr1es tee co-oFeratioa Of pyirate capitalists, and
has carefully guarded their interests against all or
binary contingencies.t sssf ts9Sss sst>at
The Company offer for sale, through us, their
| 49, sc - = "a
First Mortgage Thirty Year, six
per Cent. Coupon Bonds,
| DesK -
| apa' "nu Antcfsst payaDte in Gcid
Coin, In New York city. They arein sums Of a =
700 each, with semi annual gold coupons attached.
and are selling for the present Mt OK nor cant aud
accrued interest ,fo,, III ~ 80, 80 ''.
'iterest from iuiY ISL aided, IN currency at
which rate they yield nearly
| R "P"" '0e Am'esssnent.
mount orv as ,he po1s ~ '7 sa.ie q
mert. and roTreao,,t =, -, 'n9
| % completed eouipped and nroduct;yo RAILROAD !,
winch have been invested Government subsidies
stock subscrp tons donations surplus EARNINGS etc
and which is vorth1nore tha,, tbrae t;,pos m,
of First Mortgage Bonds which can be issued upon It.
Tho Central Pacific r,;r,t Act.
th s,,sn,e LII nlrsS 5otlgage Bonds have all
cfc Railroad Act Of Congress- and have in ad add
several noticeable advantages over ali other cIasSn
| OF railroad bonds ''' an o'Hei ciassea
| Isa. m,
~ iney gre the superior claim upon altogether
line ei''s' Vie1 ana valuable portion the through
| nhe.
SECOND Beside the fullest benefit of The Cavern
ment SUBSIDY (Which is a subordinate lien III
road receives the benefit OF large donations
rom Caiilornia'
| THIRn-FulIy half the whole cost ., o.a,,,. ON
M the S miles Sap asoui sso
FoUETH-A local business already yielding three