The Portland daily press., 1867-09-20
s-eSIrsCELLANEOUs.


s9sasss1MH
NIIsCELLANEOUs. SIG
Across the Sierra Nevadas.
20 s9tHTiitrA 9sEiggs
CENTRAL
Pacific Railroad
The Western half of the -
Great National Trunk Line
across the Continent, a4zxs
Being constructed with the AID and SUPERyIS-
ION OF THE UNITED STATES GOVERNMENT,
is destined to be one Of the most important lines of
communication in the world, as it is the sole link
between the Pacific Coast and the Great Interior
Basin, over which the immense overland travel must
pass, and the
Principal portion Of the Main Stem Line
between the Two Oceans. ,ssssh s7o,
Its line extends from Sacramento, on the tidal
waters Of the Pacific eastward across the richest and
most populous parts of California, Nevada and Utah.
contiguous to all the great Mining Regions oftle Far
West, and will meet and connect with the roads
building east of the Rocky Mountains. About 100
miles now built, equipped and in running opera
ton to the summit of the Sierra Nevada. Within
lew US IS miles, now graded, will be added, and
the track carried entirely across the mountains 10
point in the Great salt Lake Valley, whence further
progress win be easy and rapid. Iron, materials and
equipment are ready at hand tor 800 miles of road,
and II, 900 men employed in the construction.
Tho local business upon thecompleted portion sur
passes all previous estimate. The figures for the
quarter ending August 81 are follows in GOLD 4 7
Gross Ia adt II Operatiagisiip III laNets Is 8,
Earnings, al5el Expenses, Ia se Earnings, =.
$4S1,51 81 ss6,54s ~ S4Ol ,O3l ~
or at the rate Of two millions per annum, of which
than threetourts net profit on less than 100
mil S worked. This is upon the actual legitimate
traffic the road, with its terminus in the mountains,
and with only the normal ratio of government trans
portato and is exclusive Of The materials carried Tor
the further extension OF the rOad.sh s ai,s
The Company interest liabilities during the same
period were less than $12S, 900. Il ,i s.lsJ} <
Add to this an ever-expanding through traffic and
the proportions oftbe future business become Inn
mense. \ - ~ ~ 81 ia Ie',.issts i
The Company are authorized to continue their line
eastwaIa until it shall meet and connect with the
roads now building east Of the Rocky Mountain ran
ges. Assuming that they will build and control hall
the entire distance between San francisco and the
Missouri River, now seems probable the United
States will have invested in the completion of 5
miles $3S, 593 900, or at the average rate of
$35 900 per milc-not including an absolute grant
nf 4 n Al tba pnhls 1ruI Ru ha.
coming joint investor in the magnificent enterprise
and by waving its first lien in favor OF First Mort
gage Bondhoiders the General Government, eject,
in0ics the corporation Of private capitalists, and
has carefully guarded their interests against all or
binary contingencies. -. 81 ..ti .4stilJ 9gssI
The Company offer for sale, through us, their .
First Mortgage Thirty Year, Six
per Cent. Coupon Bonds, 9ei8
Principal and Interest payable i'm Gold
Coin, in New York city. They are in sums of g.,
900 EACH with semi annual gold coupons attached,
and selling for the present at IS per cent and
accrued interest from July 1st added, in currency, at
which rate they yield nearly ai9' S.g.A .5 r.
8 Nine per Cent. upon the Investment. "a
These Bonds, authorized by act of Congress, are is
sued only the work progresses, and to the same
mount only as the Bonds granted by the Govern
ment and represent, in all cases. the first lien upon
completed, equipped, and productive railroad in
which have been invested government subsidies,
stock subscriptions, donations. surplus earnings etc.,
and which is worth more than three times the amount
of First Mortgage Bonds which be issued upon it.
Tho Central Pacific First Mortgage Bonds have all
the assurances sanctions and guarantees of the Pa
cifc Railroad Act OF Congress, and have in addition
several noticeable advantages all other classes
of railroad bonds i0 3fl Ksa 4rsfFt 80 hS -
I.