Year: 1867

Tine Great Pacific Railroad, about which 90 much has been said, already assumes the phase of great fact certain to be accom- piished. By entrusting the wonderful en- terprlse to two great companies instead of one. It seems the undertaking will be soon- CT carried through. The Union R. R. Co.,, !, building the Eastern half, have already pushed, with great energy, their track to the foot slopes of the Rocky Mountain ran ges, having built 800 miles of road in about two years. The Central Pacific R. R. Co.,, beginning at the Pacific side and working eastward, have accomplished a more prodi- glous work, even, ill carrying their track across California and over the Sierra Neva- da range into the Salt Lake Basin AL though this work is all included within 15O miles, in point of difficulty and resistance overcome, 1t is more than equivalent to all that has been done on the eastern end. The crossing is made by practicable grades at an elevation of 1000 feet above sea-lev- el, and a few days hence, it is thought, will witness the passage of the trains from tue wharyes Of Sacramento to the mines of Nevada. Already locomotive is on the eastern slope of the range.

 It appears. moreover, that the Pacific Railroad will not have to wait for the con- plete overland connection to be made 8 paying investment but 1t is in its begin nings financial success. This is especial ly true of the Western half, where there Is already large settlement along it's route for it appears that with the trek halted at the summit of the mountains, whence the passengers and freight had to be transfer red to stages and wagons, the business has been large during the past summ sr as to hr..t h AIx country, and so profitable as almost to challenge belief. The inevitable traffic of such line, when completed. viii obviously require double track at an early day, aud even two sets of tracks within the next twenty years When q laborer, or ;.n eni- grant can be transported from New York to San Francisco for one hundred dollars, we may expect wholesale fitting to the E. Dorado of the West, and the Great Port on the North Pacific Ocean will become second only to New York.

 It is well understood that tlie govern ment furnishes out of its credit a large proportion of the means necessary to car- y out this enterprise; and the Californians have generally added greatly to the meaus for the construction of their end of it. All this will be repaid fourfold in the develop ment, prosperity, and good order assured to our Western domain, to say nothing of the enlargement of OUT trade with Eastern Asia. The Central Pacific Company have an army of nearly 10000 men employed on the work, and expect to build about 26O miles across .he Salt Lake Basin during the the next year. This will bring their road contiguous to the great Gold and Silver Mining Regions of the Salt Lake Basin and in 1870, we may hope to see the through line finished.

 The Central Pacific Railroad Company are offering the First Mortgage Bonds of their Road for sale to persons seeking safe, desirable investments. By reference to their advertisement in another column, the Foundation and assurances of these se- curities will be found fully set forth.