The Portland daily press., 1868-02-22

$50 &sHED &HssH KaBa&A
The Best and Principal Portion of the .
National Trunk Line Across tl,e Continent
is being rapidly carried forward by an unprecedent-
ed working force; and 1t is reasonably certain that
the continuous overland Railroad connection from
New York TO San Francisco will be made in 1870.
The United States Government furnishes, upon
subordinate and contingent lien half the means for
constructing the Main Steam Line; and besides an
absolute grant of 70 $50 of valuable public lands
Fer mile, the Central Pacific Railroad Company have
received from California sources donations and con-
cessions worth more than S3,O0o,OO0. The availa-
BILE resources Of this company are therefore abund-
ant for the purpose, amounting ST oc0 OOO on the
first 726 miles OF the Line, including Loans secured
by First Mortgage upon the whole property to the
same amount only as the q. S. Subsidy Bonds.
The results already attained, although under COM
paratively unfavorable circumstances, afford sub
sstantal ground for believing, the CENTRAL PA
CIF &c to be the L8A@,a-@@ HAS
Most Favored, Productive, and Valuable
Railroad Enterprise i'm the Country.
In consequence of the large and rapidly increasing
demand, the price OF these Bonds has been advance
ed and the Company are now offering for sale,
limited amount of their as r- sa
First Mortgage Six Per Gent. Bonds
Principal aud Interest Payable in Gold Coin.
in sums of $1,000 each, at par and accrued interest
from January 1st, in currency. a
These Bonds it is believed possess the elements of
safety RELIABILITY and profit ina greater degree than
any other class of Corporate Securities now offered
and are therefore very desirable for steady invest
ments of surplus capital. $50. ~. ~
Investors will bear in mind the following advan-
tages: 1H '3e e .a1 So
l. They are the first mortgage on one of the most
valuable and productive Ines of railroad in the
world. p
H. The actual earnings from local business in 1867
were MOI than four times the annual interest en-
gagements. 5s 1aF
III. The hard part of the work is now done, and
the prospects of rapid completion are favorable.i
w.. he Company have liberal subsidies, which
enable them to prosecute the work with great vigor
V. The management has been exceedingly pIu-
VI. There is already large and growing settle
mention the completed and graded line. ~
VII. The lands promise to be of immense value,
37,03s acres having been already sold. .f
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 staPdard securities
AT this time they yield nearly
H Nine Per Cent.upOn the Envestment.
Holdersof Government Securities have an oppor-
tuniiy 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.
q Orders sent with the funds through responsible
Banks or Express Companies viii 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-
plieaiion at the Office of the Railroad Company
No 81 William 81, N. ", and of