Litchfield enquirer., 1868-01-09
ANOTHER GREAT POPULAR LOAN.

It is commonly known that the General Government, for wise purposes, has given its aid and encouragement to the construc- tion of one Main Through Line of Rail- road from tho Pacific Ocean across the Territories, to connect with the various Eastern Branches of the Pacific Railroad } system, and which will form the grand trunk route to the far west, upon which the mighty trans-continental traffic will con- centrate.
 The Central Pacific Railroad Company who are carrying it forward with greater en- ergy and persistence than was ever shown ill any similar work, in ancient or modern times-will build, equip, own, and control the western half of this through line, the most productive, favored, and valuable portion of the whole, and may justly be re- garded as possessing the richest franchise ever granted on this continent.
 The Act of Congress confers upon the Corporations, beside the right of way across the Territories, gift of 12, 800 acres of the public lands per mile, contiguous to this line, and an appropriation from the Ma tional Credit of sixty millions in per cent bonds, delivered as the work progresses; or half the estimated cost of through line and branches. These subsidy bonds tho Com panies may cancel in course of years by the transportation services of the Roads, and slaall percentage of it's net earnings, they, therefore, constitute an element of great strength to the corporations.
 The Act further authorizes them to issue an equal amount of their own first Mort gage bonds of corresponding denomina- tiors, aohich shall De hte first claim upoa Me ae1ole raihroad property, and to aOhich he Hen 0fhhe Gouernn1ent shall De subordinate.
 The great Central Pacific Railroad, is therefore, in an important sense, Semi National Work, aided and commended by the people, the Legislative power, and the Executive officers, though its management is administered avnb aN Me ca,'e aud fore- MomgM of fMe most eminent pric0te corporu- tions Being under tho constant superyis- ion of the Government-who being the principal creditor, accepts subordinate and contingent 1ien-with so large an amount of additional capital also invested in the property pledged, it is believed that mo securities now offered in the market value except those of the Government.
 ~ Under these favoring auspices very grati- flying progress has been made in extend ing the railroad track from both directions. Nearly 1, ,OO0 miles of the main line and converging branches between the Missouri River and the base of the Rocky Noun tains have been built within three years The Central Pacific Railroad has also stead fly and successfully carried the main-stem line from the steamboat navigation of tho Pacific to the summit of the Sierra Nevadas and into the Salt Lake Basin east of the California line. Having overcome by far the most difficult and expensive portion of the whole line, tho probabilities of the through connection with the eastern lines being effected in 1870, amount almost to certainty. ..r
 The prominent feature in the progress of the Central Pacific Railroad is the remarka- bly large and profitable local business which is developed upon the completed portion; more than iustifying the estimates of it's projectors-th the immense traffic between the ports of California and the mining regions of the interior would sus- tain tirst-class railroad line; even if the overland connection were not built. The net profit upon operating the link of less than 100 miles, thus far reaches nearly two millions in gold; and this ratio will be doubled during the coming season when the entire mountain transit is made by the locomotive. With every extention of the track the business and profits of the com pleted part are increased; so that when the Overland through traffic shall be centered upon the Central Road, the general pros perity of the Company will be without par allel, and its Securities appreciated corres- nOndinp1v ,,