The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-12-29
PACIFIC RAILROAD BONDS.
Firgt Mortgage Thirty.Year
GOLD oRLIC Alto N s
Central Pacific Railroad Co.,
Secured By an Absolute First Lien Upon
the most Desirable Portion Of the
Great National Pacific R.R. Line

Great NhtlUudA "OAhO ~'
DpAR sIR:-This great enterprise Is approach
ing completion with q rapidity that astonlsnes
the world Less than 400 miles remain 70 De
hnilt to connect the Central Pacific railroad
with the Atlantic lines. The greater part Oh
the interval is now graded, and 1t Is reasonaoV
expected that the THROUGH CoNNEO ,rc,T,
pE.rW ZEN SAN FRANCISCO AND NEW
1opw WILL, BE COMPLETED by JULY
NEXT 49,
Tho western portion of the Line known as the
CENTRAL PACIFIC RAILROAD, besides
having the largest settlement, tne rlcnesC
,o,nea the most valuable lands along lts route
a. o,so built and mpleted as 6rst-class Rail.
road in all respects being constructed olrectiy
nv the Company themselves, without tne inter-
ventiop of contractors, and In sucn manner
as to insure future stability, economy OF OPERA
ton, and the permanent value Oh INC PROPERLY.
The report of the Special Commission OF
p.rer,s recently appointed by the President to
oxam,ne the railroad and telegraph lines OF the
Central Pacific Railroad Company, telegraphed
70 the Secretary of the Interior, Dec. o. Is Iuil
and snecific and concludes as follows:-
uHeavv trains Of rails, ties, and fuel are run.
ming safely to the ate Ses os '9 from Sacra
nnanto Tne road is being constructed IN goou
faitb. in substantial manner, without stint o,
lohn
&c character as O great national work"
nv tho aid of the General Government, ana
velnable grants from California sources, Ine
Company have already met the bulk Oh theH
oxnenditures and have suthclent casn resources
to enable them to finish their work with the
utmost yigor. The iron, and liberal equip
ynent for the five hundred miles now ABOUT
completed. as well as the materiai neeuiui ioi
tue hundred and fly miles additional, are all
,.",,ah, ,,oid for. and at hand for use. The
snaedv completion Of their entire line, and It's
.nccess as a grand business enterprise, are no
Ionoer matters of hopeful promise, but are
n,aced beyond all ordinary contingencies.
Tha business of the road, although in Its In.
1ancv only, is without precedent. THE GROSS
EARNINGS FROM JULY TO DEC. WERE
Upward OF 81, 1000 IN GOLD, OF WHICH
ABOUT ONE MILLION WAS NET PROFIT
This result was from local commercial business
only. at a time when the company leit COM
,alied TO employ their available equipment, to
. largo extent. in transporting the vast amount
., onnnlies required to subsist twelve Thousand
80, alopo q line of more than five hundred
,oues and the material required for extending
tho track THREE HUNDRED MILES during
the neriod, to the temporary neglect or the
enormous freighting business seeking transit
over the Road.
nine locomotives running on the road, eighty
more on the way. and over twelve hundred
cars. to which the Company are constantly
making large additions, so that by the time the
sr"r,ense tide OF THROUGH TRAVEL AND
EpEIaHT ACROSS TIE AMERICAN CON-
TINENT shall be ADDED TO THE NATURAL
ANN EXPANDING LOCAL BUSINESS, and
the energies of the Company, with their i'm
,oense facilities, can be devoted to the regular
traffic. THEIR EARNINGS WILL BE ON AN
TIMEX AMPLED SCALE, and their Securities
no ranked AMONG THE MOST POPULAR IN
THE WORLD.
Tne current Interest Liabilities upon the
Bonded Debt, upon an average of three hundred
-o,les IN operation during the above period,
were less than s35O,eOO.
The issue of the Company's FIRST MORT
GAGE BONDS is limited by act OF Congress,
and will not equal e-third the cost and value
NJ the property upon which they constitute the
drstlien The greater part of this loan Is already
marketed, and is held as q permanent invest
nent by the capitalists of this country and
Europe. We are authorized to offer a portion
~ the remainder at lO3 AND ACCRUED INTE
REST IN CURRENCY.
The Bonds are of $1,000 each, bear six per cent
interest per annum, payable in the City OF New
York. IN UNITED STATES GOLD COIN.
Asthe accrued interest from July Is charged
IN the purchaser in currency, and the semi
annual coupons maturing January next will
he paid in full, in gold, there is an advantage ii
purchasing during the present month equal t(
the premium on the back interest
The Company reserve the right to advance
the price at any time but all orders actually !"
sransitL at the time Of any such advance will b
nlled at present price. At this time they pay
more than eight per cent. upon the tnvesnsent. ant
have. from national and State laws guarantee
superior to any other corporate securities nov
offered.
We receive all classes Of Government bond
at their full market rates, in exchange for th
Central Pacific Railroad Bonds, thus enabling
the holders to realize from to 10 PER CENT
PROFIT, and keep the principal OF their invest
ments equally secure.
Orders and inquiries will receive prompt at
tention. Information, Descriptive Pamphlets
etc., giving a full account of the organization
Progress, Business. and Prospects ofthe Enter
prise furnished on application. Bonds sent b.
return express at our cost