The Portland daily press., 1868-02-25

The Best and Principal Portion Of the
National Trunk Line Across the Continent
is being rapidly carried forward by unprecedent-
ed working force; and 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 a
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
per mile, the Central Pacific Railroad Company have
received from California sources donations and
cessions worth more than S3,00o,oo0. The availa-
BILE resources CT this company are therefore abund-
ant for the purpose, amounting to S77oG00o0, the
first T26 miles OF the Line, including Loans secured
by First Mortgage upon the 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, nDd Valuable
Raiirond Enterprise in ii,e 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 lteg+lia
First Mortgage Six Per Gent. Bonds
Principal and Interest Payable in Gold Coin.
in of $1,000 each, at par and accrued interest
from January list, in currency.
These Bonds, it believed, possess The elements OF
safety reliability profit in greater degree, than
any other class OF Corporate Securities now offered,
and therefore very desirable for steady invest
ments of surplus capital.
Investors will bear in mind the following advan-
tages
l. They are the first mortgage on one OF the most
valuable and productive Ines of railroad in the
world.
III. The actual earnings from local business in 1867
were MOI than four times the annual interest en-
gagements.
III. The hard part of the work is now done, and
the prospects of rapid completion are favorable.i
~. 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.
VI. There is already large and growing settle
ment on the completed and graded line.
VII. The lands promise to be of immense value,
37,O3S 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 D1s
Nine Per Cent. upon the Investment.
Holders of Government Securities have an oppor-
tunity of exchanging them for Central Pacific Bonds
bearing equal rate ofnterest, with the principal
abundantly secured and of realizing profit OF from
ten to fifteen per cent in addition.
Orders sent with the funds through responsible
Banks or Express Companies will receive prompt at
tention Bonds sent by return Express, to any adj
dress in the United States, at cost Information
Descriptive Pamphlets, Maps, &c, furnished on ap-
plication at the Office of the Railroad Company,
No 81 William ST, ". W, aud of
Fisk Sc Hatch.
Bankers mad Dealers in Govt Securities.
AND
Financial Agents of the C. p. Il. nc. Co.,
No. 3 Nassau Street, N. T..
AND OF