GIiSON PEACOCK. Editor. VOLUME X.X11..--:NO. 21.0. PACIFIC. RAILROAD BONDS. First Mortgage Thirty -Year GOLD OBLIGATIONS OR THE CFNTRAL PACIFIC RAIL&OA 9 CO., Secured by am absolute first UM lIPOII the moat desirable portion of the Great National Pacific LB, Line. Dusts firn : This great enterprise Is approaah lug completion with a rapidity , that astonishes • the world. Lees than 400 miles =lain to "be belt to connect the Central Pacific Railroad with the Atlantic lines. The greater part of tho inter val is now grnded,•and R lareasonably expected that the THROUGH CONNECTION BETWEEN SAN FRANCISCO AND NEW YORK WILL BE COMPLETED BY JULY NEXT. The western portion of the Line, known as the CENTRAL PACIFIC RAlLROAD,besides having thit largest settlement, the• richest mines, the most.yalusble lands along its rotate, is also built and completed as a t ftrateclass Railroad in all respects, being constructed directly by the Com- Tatty themselves, without the intervention of contreetora, and in such a manner as to insure future stability, economy of operation, and the permanent value of the property. The report of the Special Commission of• Ex perts, recently appolnted by the President to ex.. amine the railroad and telegraph lines of the Central Pacific: Railroad Company, telegraphed to the Secretary of the Interior, Dee. 3, is fell and rpeeltic, and concludes as follows : "Heavy trains of ralls,tles and fuel-are running solely to the, eXtretdo end of the road, four bun dyed and forty-five (445) miles from tiatrattiento. The road is being constructed in good faith, in a sobstantial manner, without stint of labor, ma terials.or equipment, and is worthy of Its char acter as a great national work." By the aid of the General Government, and valuable grants from California sources, the Com pany have already met the bulk of their expendi oree, and have sufficient cash resources to enable them to finish their work with the utmost vigor. The iron, and a liberal equipment for the five blandrcri milesi now about completed, as well as the material needful for two hundred and fifty mites additional, are all bought, paid for, and at .band for use. The speedy completion of their < otire line, and its success as a grand business erterprise, are no longer matters of hopeful promise, but OTC placed beyond all ordiretry con tingencies. The business of the road, although in its in fancy only, is without precedent. TILE GROSS EARNINGS FROM JULY 1 TO DEC. 1 WERE UPWARD OF $1,400,000 in GOLD, OF WHICH. ABOUT ONeMILLION WAS NET PROFIT. This result war' from local commercial business , orily, at a time when the Company felt compelled to euiploY their available' s4mpmcnt, to a lazy •extent, in transporting the vast amount of sup plies required to subsist twelve-thousand man along a line of more than five hundred miles,and the material reqUired for extending the track THREE HUNDRED MILES during the period. to the temporary neglect of the enormous freighting business seeking transit over the Road. At a late date there were no less than seventy nine locomotives running on the rote, eighty more on the way, and over twelve ' dyed cars, to which the Company are canna y making large additions, so that by the time the immense tide of THROUGH TRAV EL AND FREIGHT ACROSS THE AMERICA CONTINENT shall be ADDED TO THE NATURAL AND EX PANDING LOCAL BUSINESS, and the ener gies of the Company, with their immense facili ties, can be devoted to the regular traffic, THEIR EARNINGS WILL PE ON AN UNEXAMPLED SCALE, and their Seburities be ranked AMONG THE MOST POPULAR IN THE WORLD. The current interest Liabilities upon the Bonded Debt, upon an average of three hundred miles in operation during the above period. were lefts than $350,000. The issue of the Company's FIRST MORT GAGE BONDS is limited by act of Congress,and will not equal one-third the cost and value of the property upon which they constitute tie - first lien. The greater part of this loan is already marketed, and is held as a permanent investment by the capitalists of this country and Europe. We are authorized to offer a portion of the re mainder at 103 AND ACCRUED INTEREST IN CURRENCY. The Bonds are of $l,OOO eacb,bear six per cent !interest per annum, payable in the City of New York, IN UNITED STATES GOLD COIN. As the accrued interest from July 1 is charged to the purchaser in curraley,and the semi-annual coupons maturing January 1 noxt,wiil be paid In - full. in gold, there is an advantage in purchasing during the present month equal to the premium on the back interest. The Company reserve the right to advance the price at any time, but all orders actually in tran ffitu at the time of any such advance will be filled at present price. At this time they pay more than •eigla per cent. upon the investment, and have, from national and State laws, guarantees superior to any other corporate securities now offered. We receive all classes of government bonds at their full market rates, in exchange for the Cen tral Pacific Railroad Bonds, thus enabling the :bolder& to realize from 5 to 10 PER CENT 'PROFIT, and keep the principal of their Invest ments equally seeure. Orders, and inquiries will reef3ive prompt atten tion. Information, Descriptive Pamphlets, dm., giving a full account of the organization, Pro gress, Business and Prospects of the Enterprise furnished on application. Bonds sent by return express at our cost. . FISH & HATCH, Cankers and Financial Agents of the Central Fulda Railroad, No. 5 Nassau Street, Now York. DE HAVE 4 g & BRO., Dealer in Government - Securities, Gold, &cr., Igo: 40 S. Third St., IPEUELADELi.PIMIA6 - • , . . • 0 . , • • ... • - ..t ,- - - ,.• : , . .. ' '4l.iNcoi'...• : ' , .';' 42 *, . .. . I • ::: ~ ., , , , :s, -' - . ''...'.--;.:. '..e .' ' .'-:' ':-..'..:'•:: ~-:„.:::- ,:-.-: - - ‘ 7 :.--,. . ':'. ' '... -'..' . —, ' ,::: ' - :—. -:. A ..,,-: . :.. ~,'..,-, .......,..,..,. ~.. . .... . s , ~_.. . ~.. . _. .., .. . • r_ . * . .-, • . , •:' I ' ,', • '4 .:' ' - ...... '''' '. . . . . • . . . . . ~ , .„ . ~ . • - , •- „ ' • - !.' , '..:.;1".. ' 1 -. ' • • . • • . , - , ._ . , , . • , .... . , •,-. . . - (nein rtltnamee Magazine for January.l AMOPTG THE TREES. DT WILLIAM CFILEN narAtir, Oh 3e who love to overhang the springs. Aud stand by running waters, yo whose boughs Make beautiful the rocks o'er which they, play, Whe pile with foliage the great hills, and rear A paradise upon the lonely plain.. Trees of the forest and.the open field Have - ye - no sense of tkeing?---Does the air, The pure air. which I breathe with gladness, pass In gushes o'er your delicate langs. yotirleaves, All unenjoyed? When on your Winter-sleep The sun shines warm, have ye no dreams of Spring? _ And, when tbeglorionsspring•time comes at last, Have ye no joy of all your bursting buds, And fragrant blooms., and melody ; of birds To which your young leaves shiver? Do yo etrive And wrestle with the wind, yet know it not? Feel ye no glory in your strength when he, Thelexhausted Blusterer flies beyond the hills, And leaves you strongei3.et? Or have ye not A sense of loss when he has strippedyourleaves, Yettendel;nnd has splintered your fair boughs? Does the loud bolt that smiles you fronalhe aloud And - rente you, fall unfelt? Do there not ran Strange shnddcrings through your fibres when the axe , Is raised against you, and the shininghltide Deals blow on blow, until, with all their boughs, Your summits waver and ye fall to earth?. • Know ye no sadness when the hurricane - Has swept the wood and snapped its sturdy stems Asunder, air lifts `wrenched. froutont_the so il , The mightiest with their circles of strong roots, And piled the ruin all along his path? Nay, doubt we not that under the rough rind, In the green veins of these fair growths of earth, There dwells a nature that receives delight From all the gentle processes of life, And sbrinks from loss of being. Dim and faint May be the sense of pleasure and of pain, As in oar dreams; but, haply, real still. Our sorrows touch you not. WO watch beside The beds of those who languish or who die, And minister in sadness, while our hearts Offer perpetual prayer for life and ease, „ And health to the beloved sufferers. But ve, while analottg fest and fainting hope Are En our chambers, ye rejoice without. The funetel goes forth; a silent train Moves slowly from the desolate home; our hearts Are, breakingon we lay away the loved, Whom wk ohall see no more, in their last rest, Their little cells within the burial-place. Ye have no part in this distress; for still The February sunshine ateeps your boughs Anil tints the buds and swells the leaves wtthin: While the song-sparrow,warbling from her parch, Tells you that Spring is near. The wind of May Is sweet with bresth of •orchards,in whose boughs The bees and every insect of the air Make a perpetual murmur of delight, And by whose flowers tho humming-bird hangs poised in air, and draws their sweets and dub; away. The linden, in the fervors of July, Einma with.;, louder concert. When the wind Sweeps the broad !brat hi its summer prime, when some master-hand exulting sweeps The keys of some great prgini, ye give forthj The music of the woodland depths, a hymn of gladness and of thanke— _ 2 llle.heniikUhrtish. Pipes his sweet note to make your arches ring. The faithful robin, from the wayside elm, , Carols all day to cheer his sitting mate. And when the Autumn comes, the kings of earth, in all their majesty, are not arrayed As ye art. clothing the broad mountain-side, And spotting the smooth vales with red and gold. While, swaying to the sudden breeze, yelling- Your nuts to