Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-07-01
EfRsT MORTGAGE BONDS

FIRST MORTGAGE BONDS
CENTRAL PACIFIC RAILROAD CO.,
Bearing Six Per Cent. Per Annum.
PRINCIPAL and INTEREST
EXPRESSLY PAYAnLrN
G o L d c o I "
OF THE UNITED STATES.
These Securities, based upon tho most favored portion
Of the
Great National Pacific Railroad Line,
representing the FIRST claim thereon and which rest upon
valuable and productive property furnished by an
equal amount Of the Government Bonds and similar
amount Of private Capital Not Earnings Donations etc
They have thirty years run are already taken large
amounts for steady investments both In this country and
In Europe, and are hvoraby regarded as being among
the very beet and sl1 Corporate obligations offered this
Continent and believed to he against all or
nary contingencies.
The Bonds Of 81 600 each with semiannua coupons
attached, payable In New York City In January and
July and are offered for sale at
/ 03 Per Cent. and Accrued Interest,
In currency from the date the payment OF the Last
coupon. At the present rates Of gold they yield
than Eight per cent upon ne Investment with the prospect
Of steady appreciation Of the premium upon the Bonds
Tho Company have now built and in successful opera
ton $50 miles Of road both slopes Of the Sierra Nsya
la mountain including by far the most difficult and
pcnsive portion Of the whole They have also UMPIRE
oedcnted force extending the track into the Salt Lake
Basin the middle Of which will be reached in Autumn,
making more than $50 miles in operation Several i'm
porant tributary Branch and connecting Roads arc pro
cctcd and being built and the prospect Is fair that
the continuous
Through Line Across the Continent
win Computed sgiy IN 1870 or about two years from
this time.
The Net Earnings nom Local business merely for the
past year upon less than 100 miles operating under
porary disadvantage amounted to 81 Os7 sol In gold.
the operating expenses and the Gross Earnings for
the first Quarter Of the current year 50 per cent
greater than for the period in 1867 IL Is estimated
that the Net Earnings for l6s will reach s2,JOODoo,
which, after dcductns interests payments ESTIMATED at
less than 81 o0OoU applied to Construction purpo-
acs. Besides further Sui scrpton to the capital Stock,
and other Resources the Company will be receiving from
the United States Government It's 30year Six per cent
Bonds at the rate Of $4,000 per mile and therefore
enabled to carry forward the enterprise with the utmost
confidence and ylgor.
The Company reserve the right to advance the
price ary time but all orders actually in ranau at
the time Of such advance will be Allied at the present
price.
We receive all classes Of Government Bonds at their
full market rates In exchange for the Central Pacific
Railroad Bonds thus enabling the holders realize from
to 10 per cent profit and keep the principal Of their
Investments equally secure.
Orders and Inquiries will receive promps attention.
Information, Descriptive Pamphlets, ETC., giving full
,ecount Of the Organization, Progress business and
Prospects Of the Enterprise furnished application.
Bonds sent by return Express at cost.