The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1867-09-03
TIE
CENTRAL PACIFIC RAILROAD


CL3' N-U.l lm-k Linz h.n3 t3 Catillt
Hcin,; constructed with the AID AND SUPERVISION
on r,iI UNITED STATES GOVERNMENT i, destined
g." lac one Of the most important aud valuable
railroad, in the w"rl ~ it j. the sole link Of
communication heiwccu the raciic Coast aud the
Great Interior li1.in an the
Pi9Hcp~ Ioh0H o. Ire Main stem Line
b9rrco tie Trio Oc-d,>.
The present western tcrmiu;, i. at Sacramento
on tle navi.crr waters of he Pacific: but it w,ll
ultimately extend from san francisco arrn.. tine
llrhoN' anu most populnus parts Of California;
Nevada. aHd Utah. cpntiluou, to an the rrcut
Miuins Re-i'a, OF a" Far West. The COMPANY
are authorized to continue their live eastward
nEtl IL shill meet uul connect with the road, now
huil ing el>' Of HE Rocky Mountain ranges
A--rulus that they will build and control half
ihr riliiic distance lctwccn San Francisco and the
Missouri River, us now seem, pr ,hallr the United
: G, VIII lave invested in the completion Of So
(mrr> rs $4,000, or mt the average rare If
f.''j, 900 per miic-nJi including an absolute grant
ut 10 600 900 acres OF the puhlic Lands. Bv
becoming int investor in the magnificent en-.
lc;ris" aui 10y wal, in- its first lien il favor Of
lhe First Mortgage B,ndhollcrs rrie GrNrnAL
G"vEENMENr IN EtFtCr INVITE, the Co-orlHA-
bloN OF riINArE CAPITALISTS, and has carefully
guarded then Interests against all ordinary con-
tini,'nci,s.
HE Central Pacific Riilroad eninvs an the mi.
4
Acis # Congress upon the o,hcr parts Of the
through line and as in addi ion. several special.
rNcln>ire advantages applicable only to the West
ctn Half
|. The Company has received from the State and
chief ii les Of Cnlif,rnil, assistance in money
c'r'it. an valuable property, worth over
$4,000 600 lin gold, in addition to the full
cuciii OF the 60, crhucut subsidy.
II. The hardest and co>lie-t part ct its construc
ton has hecn successfully overcome within
nn fl. = IN il.- L. t.,,,.
Will hc compile ed entirely across the Sierra
NcvadaS. alter which progress to Salt Lake
viii be easy and rapid
ILL., The local business alone of this road estab.
fishes its complete financial success, inlepcm-
IDENTIFY Of the vast through traffic which must
pass over it. The gross earnings FOR the
months If June and July. upon the 81 miles
then open tor business, were upward Of S2g7.-
600 in godi Of which iour-iilths were net
earnings.
". It can have no competition, but will carry
besides it own lucrative local traffic. the
whole volume IT through business whi,h is
shared among its Eastern connections and
their branches.
V. The road lies wholly in territory v Gliding the
precious metals, aud its revenues are collected
in coin. lis rates for trans pnrtalion are very
advantageous, Icing more than three times
those ct roa Is living east oft; and the ratio
OF operating expenses is less than % per cent
OF the gross earnings.
General Government, from the State of Cali
tprnia and from municipal corporations. the
annual interest obi .atinnS which the Com
panv are call Il upon to assume are very l.ht
The net earnings upon an average are about
- miles, in 1856 were nearly three times the
amount Of annual interest liahili les to lie as.
sumed in building it. aud were :23j 600 more
than the annual interest ON the entire amount
ct First Mortgage Bonds which the Company
can issue upon the first $50 miles
The Company offer for sale, through us, their
First .Ho'tgGge 7ziW Year, Sir per Cent
Coupon Bonds,
Principal and interest PAYABLE in Gold Coin. in
New York city. Ttev are in sums OF II 600 each.
with -crnl annual gold coupons attached. AMI are
selling for the present at - per cent. and accrued
interest from July LIST lded in currency, at which
rate they Weld nearly
Nine per Ccht upjn HE Nrs'mcnt
These Bonds, authorize by Act of Congress, are
i>,,lel onl, as the work progresses aud to the
same amount only a. the Bonds granted by the
Government; and represent in all cases the first
lien up'n completed. equprel aud productive
railroad, in which have been Invested Government
Subsidies, stock subscriptions donations; surplus
earnings, etc., aud which Is worth more than three
times the amount of Fist Mortgage Bonds which
c;u Doe issued upon it,
The are mcnt Of hi, Company to pay PRINCIPAL
aud interest If their B'uds in coin. being made
unicr the Specie Contract Law of California.
authorizing and enforcing contracts to pay gol T.
is legally hindin-, unlike similar agreements made
hN comfaui', in States where no such legislative
sanction exists.
Ia iho-c Important particulars the Securities of
the Cen raj Pacific Company offer an unusual
degree Of ,aietv stability aud profit combined
IHE ElRST MORTGAGE BONDS or ms CoNPANY
are destined to occupy prominent place among
Fu;,r-CIlss SECURITIES in the money markets of
this country and Europe, aud will, without doubt