FINANCIAL RESOURCES. 247 
I have purposely omitted the land grant of 14,080,000 
es, as it is not immediately available for income. 
CENTRAL PACIFICO OF CALIFORNIA. 
CONSTRUCTION AND EQUIPMENT RESOURCES FOR 726 MILES. 
Dollars. 
Donations (without lien) . ‘ é ‘ - 11,225,000 
Capital stock 5 ‘ 8,000,000 
Net earnings to 1867 1,520,235 
Bonds (State guarantee) 3,000,000 
First Mortgage Bonds ‘ ‘ . 25,517,000 
United States’ Bonds . 5 : ; ; . 26,617,000 
otal <2: = : j ‘ . 74,779,235 
Fourteen million dollars of this sum represent the libe- 
ity of the State of California and its wealthy citizens, and 
an additional source of revenue for which the eastern 
pany has no equivalent. 
These sums are far more than sufficient to carry out 
work according to the American system; but neither 
pany will either require or call up all this: “capital, for 
lay claim to building a greater mileage of Toad: than the 
| length requires. They met on the 11th of “May. about 
meridian of Salt Lake; thus giving 726. miles to the 
em company, and 995 to the eastern, —~ 
