The Portland daily press., 1868-02-06
mESCELLANEOUs.

The Best and Principal Portion OF the
is being rapidly carried forward by an unprecedent-
ell working force and 1t Is reasonably certain that
the continuous overland Ra'lroad connection from
New York TO San Francisco will be made IN 1870.
The United States Government furnishes, upon
Subordinate and contingent lien halt the means for
constructing the Main Steam Line; and besides an
absolute grant OF Il 10 of valuable public lands
per mile the Central Pacific Railroad Company have
ecfived from California sources donations and con-
cesslons worth more than s3,o0ooo'. The aVaiia-
Bile resources Of this company are therefore apuno-
ant for the purpose amounting to SI.O'o'ooV on 'he
erst 52G miles OF The Line, including Loans secured
by First MORTGAGE upon tie whole property, to the
same amonnt only as the L. S. Subsidy Bonds.
The 1esults already attained, although under COM
n.ratively unfavorable circumstances, afford sub
siapti, Al ground for believing the CENTRAL Pa
CIFiC to be the
Most Favored, Productive, and Valuable
Railroad Enterprise in the Country.
In consequence OF the large and rapidly increasing
demand, the price OF these Bonds has been advanc-
3D. and the Company offering Tor sale, a
limited amount Of their
First Mortgage Six Per Cent. Bonds
Principal and Interest Payable In Gold Coin.
In sans Of 81 900 each, at 9S per cent of their par
value and accrued interest hom January LIST, in
I~caTencv. --.-
These Bonds, tits believed, possess the elements of
safety tlity and profit ina greater degree, than
any other class OF Corporate Securities now offered,
and are therefore very desirable for steady invest
mems of surplus capital.
Investors will bear in mind the following advan-
tages:
/. They are the first mortgage ON OF the most
valuable and productive lines of railroad in the
world
IL The actual earnings from local business In 1867
were MOI than four times the annual interest
gagements.
III. The hard part OF the work is now done, and
the prospects of rapid completion are favorable.a
". The Company have liberal subsidies, which
enable them prosecute the work with great vigor.
V. The management has been exceedingly pIu-
dent and frugal
VI. There Is already large and growing settle
mention the completed and graded line.
VII. The lands promise 10 be of immense value,
81, OSs acres having been already sold.
VII. Both principal and interest explicitly
made payable gold coin.
TX Both the aggregate amount OF issue and their
standing in Europe will insure for them continued
activity and lgh rank among standard securities.
1t this time they yield nearly
Nine Fer Cent.upOn iie Investment.
Holders of Government Securities have oppor-
tunity of exchanging them for Central Pacific Bonds
bearing equal rate ofinterest with the principal
abundautly secured and of realizing profit OF from
ten to fifteen per cent In addition.
Orders sent with the funds through responsible
Banks Express Companies will receive prompt at
tention. Bonds sent by return Express to any ad-
dress ia the United States at cost. Information,
Descriptive Pamphlets, Maps, &c, furnished on sp-
pheation at the office of the Railroad Company,