The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1868-02-12

The Best and Principal Portion of tie
National Trunk Line Across tE,e 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
| CONSTRUCTING the Main Steam Line; and besides an
absolute grant of 70 800 of valuable public lands
per mile, the Central Pscifc Railroad Company have
received from California SOURCES donations and
cessions worth more than s3,Ooo,O00. The availa-
bic resources Of this company therefore abund-
ant for the purpose amounting to $77.0 00o on the
first 72G 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
parativcly unflvorable circumstances, afford sub
stantial grornd for believing the CENTRAL Pa
CHIC to be the
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 advanc-
ed and the Company are now offering for sale,
limited amount Of their
First Mortgage Six Per Gent. BOnds
Principal and Interest Payable in Gold Coin.
in sums Of 81, 200 each, par and accrued interest
from January 1st in currency.
These Bonds tits believed possess be elements OF
safety reliability profit greater degree, than
any other class of Corporate Securities now offered,
and are therefore very desirable for steady invest
men;s of surplus capital.
Investors will bear in mind the following advan-
tages
l. They are the first mortgage one of the most
valuable and productive lines of railroad in the
world.
H. The actual earnings from local business in 1867
were more than four times the annual interest es-
gagements.
III. The hard part Of the work is now done, and
the prospects of rapid completion are fayorable.i
". The Company have liberal subsidies, which
enable them to prosecute the work with great vgor
V. The management has been exceedingly pIu-
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,oSs 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 viii insure for them continued
activity and high rank among standard securities
AT this time they yield nearly
Nine Per Gent. upon thc Envestnent.
Holders of Government Securities have an oppor-
tuniy Of exchanging them for Central Pacific Bonds
bearing an equal rate ofDterest, 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
tenton. Bonds sent by return Express. to any adj
dress in the United States at cost Information,
Descriptive Pamphlets, Maps, Sc, furnished ON ap-
pliaa'ion at the Office of the Railroad Company
No ga William 81, n. H, and of
Fisk SSE Hatch.
Bankers and Dealers fn Cows Securities.