Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1868-06-19
FIRST MORTG AGE BONDS
OBJ IUE
Central Pacific r. R. Co.,
Bearing Sly Per Cent Per Annum
PRINCIPAL & INTEREST


GOLD COIN OF THE UNITED STATES.
These securities, based upon the most favored por-
tion Of the
Great National Pacific Railroad Line.
representing the first claim thereon. and which rest
upon a valuable and productive property, furnished
by an equal amount Of the Government bonds and
similar amount Of private capital net earnings. do
nations, &C. They have thirty years to run, are al
ready taken in lar-e amount, for steady Investments
both in this country and in Europe, and are lyora-
bly, regarded being among the very BEsr AND
SAFEST CORPORATE OBLIGATIONS offered On this con
tinent and are believed % e secure yaiust all or
binary contingencies.
The bonds arc Of 5000 each. with semi-annual
coupons attached, payable in New-York City in jan
uary and July, and are offered for sale at
IO3 PER CENT ACCRUED INTEREST,
in currency from the date Of the payment Of the last
coupon. At the present rates Of gold, they yield
MORE THAN EIGHT PER CENT UPON THE INVESTMENT
with the prospect of a steady appreciation Of the
premium upon the bonds.
The Company have now built and in successful
operation, $50 miles Of road on both slopes Of the
Sierra Nevada Mountains, including by far the most
difficult and expensive portion of the whole. They
have also an unprecedented force extending the
track into the Salt Lake Basin the middle Of which
will be reached in autumn, making more than 80
miles in operation. Several important tributary
branch and connecting road, are projected and now
being built, and the prospect is fair that the contn
uous
Through Line Across the Continent
'eH be completed early in 1870 or about two years
from this time.
The net earnings from local business merely, for
the past year, upon less than 100 miles. operating
under temporary disadvantages amounted to 81 Cr7-
9oI in gold over the operating expenses; and the
gross earnings for the first quarter Of the current
year 80 per cent greater than for the same peri
cd in lS67 1t is estimated that the net earnings for
IsGs viii reach $500 900, which, after deduct
ing interest payments, ESTIMATED at less than
81 100000, applied to construction purposes
Beside further subscription 70 the capital stock and
other resources the Company Will be receiving from
the United States Government its thirty-year six
per cent bonds at the rate Of $4,000 per mile and
therefore enabled to carry forward tine enterprise
with the utmost confidence and vigor.
p The Company reserve the right to advance
the price at any time, but all orders actually IN
transtu at the time Of any such advance will be filed
at the present price.
Wereceive all classes Of government bonds at their
full market rates in 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 investments equally secure.
Orders and inquiries will receive prompt attention.
Information, descriptive pamphlets, &c, giving
full account Of the organization progress, business
and prospects of the enterprise furnished applca
ton. Bonds sent by return express at our cost.