The Portland daily press., 1868-02-20

The Best and Principal Portion of the :
National Trunk Line Across the Continent
is being rapidly carried forward by unprecedent-
ed working forces and II is reasonably certain that
the continuous overland Railroad connection from
New York Co San Francisco will be made in 1870.
The United States Government furnishes, upon
subordinate and contingent lien, half the for
constructing the Main Steam Line; and besides an
absolute grant of IL 800 acres of valuable public lands
per mile, the Central Pacific Railroad Company have
received from California sources donations and con-
cessions worth more than $4,000, 900. The availa-
BILE resources Of this company are therefore abund-
ant for the purpose, amounting to ST. oO0 on the
first 726 miles OF the Line, including Loans secured
by First Mortgage upon tho whole property, to the
same amount only as the U. s. Subsidy Bonds
The results already attained, although under COM
parativey unfavorable circumstances afford sub
stantial ground for believing the CENTRAL PA
CIFIC to be the
Most Favored, Productive, md Valuable
Railroad Enterprise i'm the Country.
In consequence OF the large and rapidly increasing
demand, the price OF these Bonds has been advanc-
ed, and the Company are now offering for sale, q
limited amount of their sag gss.a egasse
First Mortgage Six Per Cent. Bonds
Principal and Interest Payable in Gold Coin.
in sums of 81 900 each at par and accrued interest
from January LIST, in currency.
These Bonds, lis believed possess the elements OF
safety, reliability and profit in greater degree than
any other class of Corporate Securities now offered
and are therefore very desirable for steady invest
ments of surplus capital.
Investors will bear in mind the following advan-
tages:
1. They are the first mortgage on one of the most
Valuable and Droductiva of rai1ra I'm fha
world.
III. The actual earnings from local business In 1867
were MOI than four times the annual Interest en-
gagements. sarb sf
III. The hard part of the work is now done, and
the prospects of rapid completion are favorabe.g
". The Company have liberal subsidies, which
enable them to prosecute the work with great vigor.
V. The management has been exceedingly pru-
dent and frugal.
Z. VI. There is already large and growing settle
ment on the completed and graded line
VII. The lands promise to be of immense value,
S7,03S acres having been already sold.
VIII. Both principal and interest are explicitly
made payable in gold coin.
TX. Both the aggregate amount OF issue and their
standing in Europe will insure for them continued
activity and high rank among standard securities.
AT this time they yield nearly
Nine Per Cent. upon the Investment
Holders of Government Securities have an oppor-
tunity of exchanging them for Central Pacific Bonds
bearing an equal rate ofinterest, with the principal
abundantly secured, and Of realizing profit OF from
ten to fifteen per cent in addition. ..s..,.i a
Orders sent with the funds through responsible
Banks or Express Companies will receive prompt at
tention. Bonds sent by return Express, to any ad-
dress in the United States, at cost Information,
Descriptive Pamphlets, Maps, &C. furnished on ap-
plieation at the Office of the Railroad Company,
NO "a William st, N. W, and of
Fisk & Hatch,
Bankers md Dealers In Cows Securiries.
AND
financial Agents of the C.. p. II. R. Co.,
N1oonas CSo.ooS M w