The Portland daily press., 1868-02-01
Through Line Complete in 1870.
II "a z
CENTRAL
Pacific Railroad


- The Best and Principal Portion OF the
National Trurk Line Aerosstbe Continent
Is being rapidly carried forward BY an unprecedont-
ed working ioree aud II is reasonably certain That
the continuous overland Ra lroad connection from
New York 20 San Francisco will be made in 1870.
The United States Government furnishes, upon q
subordinate and contingent lien, hah the means for
constructing the Main Steam Line; and besides an
absolute grant of IL Oaeres of valuable publ lands
per mile the Central Pacific Railroad Company have
received from California sources donations and con-
eessions worth more than s3OOO,O 900. The avtila-
BILE resources Of this company are therefore abund-
ant for the purpose, amounting to 81 0cO OOO on tho
first 72G miles OF uIs Line. ineujing Loans secured
by First Mortgage upon the whole property, to the
same amonDtoaly as the U. S. Subsidy Bonds
Theresuls already attained, although under com
parativeiy unfav0rable circumstances, afford sub
staptial ground for believing the CENTRAL Pa
CIFfC to be tho a 81 ~ FL.
Most Favored, Productive, and Valuable
RaiirOnd Enterprise in the Country.
The Company arc now offering for sale, limtel
amount Of their
First Mortgage Six Per Gent. Bonds
Principal aud Interest Pa yab'e in Gold Coin.
In sums Of 81 600 each, 05 per cent of their par
value and accrued interest from January 1st, In
currency. = DE-
These Bonds, tits believed possess The elements Of
safety reliability and profit in greater degree, than
any other class Of Corporate Securities now offered
and are there very desirable tor steady invest
ments Of surplus capital.
Investors viii bear in mind the following advar.
tages:
I. They arc the first mortgage on one Of the most
valuable and productive Ines of railroad In the
world. ....F VII.
IL The actual earnings from local business 10 1s6T
were mo, than four times the annual interest 80
gagements.
III. The hard part OF the work is now DONE and
the prospects Of rapid completion age n7orable.l
( ~. The Company have liberal subsidies. which
enable them to prosecute the work with great ygor
V. The management has beel exceedingly pIu-
dent and fsugIl.
vi There is already large and growing settle
ment on the completed and graded ljro.
VII. The lands promise to be OF Immense value,
37,o3s acres having been already sold.
VIII. Both principal and Interest are explicitly
made payable IN gold coin.
TX. Boththe aggregate amount OF issue and their
standing In Europe wil Insure for them continued
activity and high rank among standard securities.
At tbs time they yield nearly
Mine Per Cent, upon lhe Envesfrncnt
Holders Of GoYeinmcnt Securities have an oppor-
tpriy Of exchanging them Tor Central Pacific Bonds
bearing an equal rate cfinterest, with the principal
abundantly secured and OF realizing profit Of from
ten to fifteen per cent, in addition.
Orders sent with the funds through responsible
Banks or Express Companies will receive prompt at
tention. Bonds sent by return Express. 10 any adj
dressin the United States at our cost Information,
Descriptive Pamphlets, Maps, sc, furnished on APP
phsa;ion at the Office of the Rlilroal Company,
No 5A William st, N. W, aud OF