The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1868-02-17

- N0VAAAV AV<U44 VIVA
The Best and Principal Portion of the
National Trunk Lime Across the Continent
Is being rapidly carried forward by an unprecedent-
ed working force; and it 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
constr uctIng the Main Steam Line land besides an
absolute grant Of II 800 of valuable public lands
per mile, the Central Pacific Railroad Company have
received from California sources, donations and con-
cessions worth more than $3,O0O,00o. The avaia-
BILE resources of this company therefore abund-
ant for the purpose, amounting to 000 the
first 726 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. a
The results already attained, although under COM
paratively unfavorable circumstances, afford SUBJ
stantial ground for believing the CENTRAL Pa
CIFIC to be the
Most Favored. Productive, and Valuable
/, Railroad Enterprise i'm the Country. 9
In consequence OF the largeand rapidly increasing
demand, the price OF these Bonds has been adyanc-
ed, and the Company are now offering for sale, o
limited amount of their ,,.7 y, 4,,r.-ft
First Mortgage Six Per Cent. Bonds
Principal and Interest Payable In Gold Coin.
in of 81 900 each, par and accrued interest
from January LIST, in currency. 70 Hg5
These Bonds tits believed. possess the elements of
safety, reliability and profit in greater degree, than
any other class Of Corporate Securities now offered
and therefore very desirable for steady invest
ments of surplus capital. - lsA1-s 5sErl
Investors will bear in mind the following advan-
tages: 81 4ls4Ha i1sq9A .s7
1. They are the first mortgage on one of the most
valuable and productive lines OF railroad. in the
world.
H. The actual earnings from local business In 1867
were moe than four times the annual interest en-
gagements. .s..--.--.-..-- r.,.., -3.i
III. The hard part of the work Is now done, and
the prospects of rapid completion are f,vorable.s
~. The Company have, liberal subsidies, which
enable them to prosecute the work with great vgor.
v. The management has been exceedingly pru-
dent and frugal. Ya97E
VI. There is already large and growing settle
ment ON the completed and graded line.
VII. The lands promise to be of immense yalue,'
37,03s acres having been already sold. VI
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 -,..
"a Nine Per Gent. upon the Iavessment
Holders of Government Securities have an oppor-
tunity Of exchanging them for Central Pacific Bonds
bearing an equal rate ofnterest with the principal
abundantly 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
tonffa h. II