The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-12-22
PACIFIC RAILROAD BONDS. .
First Mortgage Thirty-Year
GOLD BLIC Alto N 8
OF THB
Central Pacific Railroad Go,
Secured by an Absolute First Lien upon
the most Desirable Portion Of the
Great National Pacific R.R. Line.
PACIFIC RAILROAD BONDS.
GOLD OBLIGATION 8
Great National Pacific R.R. Line.


DEAR sIR;-This great enterprise Is approach
Ing completion with q rapidity that astonlshes
the world Less than 400 miles remain TO De
huiit to connect the Central Pacific Railroad
with the Atlantic lines The greater part OF
me interval is now graded and Ii is reasonably
expeoted that the THROUGH CONNECTION
RETwFEN SAN FRANCISCO AND NEW
work. WILL BE COMPLETED by JULY
NEXT.
the western portion of the Line, known al the
CENTRAL PACIFIC RAILROAD, besides
having the largest settlement, the rlchest
mines, the most valuable lands along lts route
40 also built and completed as q first-class Rail-
road in all respects. being constructed directy
nv the Company themselves, without the Inter-
vention of contractors, and in such manner
as to insure future stability, economy oil OPERA
zion. and the permanent value OF the property
The report of the Special Commissioa of
Experts, recently appointed by the PRESIDENT to
examine the railroad and telegraph lines OF the
Central Pacific Railroad Company, telegraphed
to the Secretary Of the Interior, Dec 3, Is full
and specific and concludes as follows:-
"ueavy trains Of rails, ties and fuel are run.
ming safely TO the extreme end OF the road, four
hundred and foTty-1lv (445) miles 1Iom Sacra,
mento The road IS 6elDg consttuSLeu 10 g4oI f
labor material or equipment and is worthy or
its character as great national WORK.
Bv the aid OF the General Government, and
valuable grants from California sources, the
Company have already met the bulk Of their
expenditures, and have sufncient casn resources
to enable them to finish their work with the
utmost yigor The iron, and a liberal equip
nent for the five hundred miles now about
completed as well as the material needful for
two hundred and fifty miles additional, are all
bought paid for, and at hand for use. The
speedy completion of their entire line, and its
suocess as q grand business enterprise, are no
longer matters of hopeful promise, but are
placed beyond all ordinary contingencies
The business of the road, although in its in.
fancy only, is without precedent THE GROSS
EARNINGS FROM JULY TO DEC. WERE
UPWARD OF 81; 100000 IN GOLD. of WHICH
ARoIJT ONE MILLION WAS NET PROFIT.
This result was from local commercial business
only. at q time when the Company felt COM
pelled to employ their available equipment, TO
a large extent, in transporting the vast amount
nj spnnIies required to subsist twelve thousand
men along q line of more than five hundred
miles and the material required for extending
the track THREE HUNDRED MILES during
the period, to the temporary neglect OF the
enormous freighting business seeking transit
over the Road
At a late date there were 10 less than seventy.
nine locomotives running on the road, eighty
more on the way. and over twelve hundred
cars to which the Company are constantly
making large additions, SO that by the time the
immense tide OF THROUGH TRAVEL AND
FREIGHT ACROSS TIE AMERICAN CON-
TINENT shall be ADDED TO THE NATURAL
AND EXPANDING LOCAL BUSINESS, and
the energies of the Company, with their i'm
mense facilities, can be devoted to the regular
traffic. THEIR EARNINGS WILL BE ON AN
II GC IT and hair
be ranked AMONG THE MOST POPULAR IN
THE WORLD.
The current Interest Liabilities upon the
Bonded Debt, upon an average OF three hundred
miles in operation during the above period
were less than $3.50, 500.
The issue of the Company's FIRST MORT.
GAGE BONDS is limited by act of Congress,
and will not equal one-third the cost and value
Of the property upon which they constitute the
nrst lien The greater part of this loan is already
mark eted and is held as permanent invest
,ment by the capitalists OF this country and
Europe. We are authorized to offer portion
of the eremainder at lO3 AND ACCRUED INTE.
REST IN CURRENCY.
The Bonds are of $1,000 each, bear six per cent
interest per annum, payable in the City OF New
York, IN UNITED STATES GOLD COIN.
Asthe accrued interest from July is charged
20 the purchaser in currency, and the semi
annual coupons JduudTJ ne&b Will
be paid in full in gold, there is an advantage in
purchasing during the present month equal to
the premium on the back interest.
The Com pany reserve the right to advance
the price at any time. but all oruers actually in
ssaslsitu at the time of any such advance will be-
nlled at present price. At this time they pay
ssOne ssan eight per cent upon The investment and
have from national and State laws. guarantees
superior to any other corporate securities now
offered.
We receive all classes of Government bonds
at their full market rates, Ia exchange for the
Central Pacific Railroad Bonds, thus enabling
the holders to realize from to 10 PER CENT.
PROFIT, and keep the principal OF their invest
Lnents equally secure.
Orders and Inquiries will receive prompt at
tention. Information, Descriptive Pamphlets,
etc, giving a full account of the organ cation,
Progress Business, and Prospects Of the Enter
prise, furnished on application. Bonds sent by
return express at our cost.