The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-28
Central Pacific Railroad First
Mortgage Bonds.

Central Pacific RalirOau Fffst
Mortgage Bonds.
II is commonly known that the General Gov
ernmeut for wise purposes, has given It's aid
and encouragement 10 the cor -ruotion OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cific Ocean across the Territories TO connect
with the yarions Eastern Branshes of the Pa
cific Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty trans'continental frame
will concentrate.
The CENTRAL PACIFIC RAILROAD
COAPANY-who are carrying il forward with
greater energy and persistence than was ever
shown in any sVailar work in ancient OF modern
times-Will buila, equip, own and control the
Western BALI OF this Through Line. the most
productive, favored, and valuable portion oil the
whole and may Justly be regarded as possessing
the richest franchise ever granted on this CONT
nent.
The Act of Congress confers upon the Corpo-
rations besides the right of way across the Ter
rtories gift Of II 800 acres of the public lands
Der mile, contiguous to this line, and an appro-
nrlatlOn
LIONS in PER CENT BONDS, delivered as the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These Sub
sdy bonds the company may cancel in course
of years by the Transportation services OF the
Roads, and small per centage of their net earn.
ings; they, therefore, constitute an element OF
great strength TO the corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tohich
shall be the first claim upon the 1rhOIe railroad prop
erty and 10 I0Iich The lien Of ne Government shdII
be subordinate, as means of more readily secur-
ing the remaining half of the capital for the con.
stTuction; the equipments, &c, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD is there.
fore in an important sense, SEMINATIoNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered NTH al
the care aud JorethOugh Of the most eminent pirate
CORPORATIONS Being under the constant super
vision of the Government-wh0, being the pr1n'
cipal creditor, accepts subordinate and contin-
gent lien-with so large an amount Of addition.
al capital also invested in the property pledged,
it is believed that no securities now offered in
the market possess the sane claims TO conn.
dence and market value, except those OF the
Government.
vIravr ttvzv IavUrIng auspices very gratifying
progress has been made in extending the railroad
trnck from both directions. Nearly 1000 miles
of the Main Line and conyergiug Branches be-
tween the Missouri River and the base of the
Rocky Mountains have been built'wthin three
years. The CENTRAL PACIFIC RAILROAD has
also steadiIy and successfully carried the Main
Stem Line from the steamboat navigation of the
Pacific to the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east of the Cali.
fornia line. Having overcome by far the most
line the probabilities of the through connection
with tho Eastern lines being effected in 1870
amount almost TO certainty.
The prominent feature in the progress of the
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which is de.
veloped upon the completed portion, more than
iustffying the estimates of its pIojeCtOrs-that
the immense traffic between the ports of Cali
fornia and the mining regions of the inter or
would sustain tirst-class railroad line, even n
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles thus far reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit is made by the locomotive.
With every extension of the track, the business
and profits of the completed part are increased;
50 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity of tho company will be without
parallel, and its securities appreciated CORES.
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS and submit to Investors the
following among other obvious considera-
tons; and invite the comparison with themerits
and excellencies Of any class Of Corporate Sc
eurities:
/. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
Railroad, soon 10 become the main channel of
communication on the continent
II The local settlement and business Their e.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part of the road is now
built, and the remainder will be rapidly carrie d
forward over the Salt Lake Plains.
". The greatest part of the means necessary
to build the road is provided by the L. 5. Gov.
eminent upon a subordinate lien.
V. The State and chief cities of California
have contributed upward Of $1,000 90 10 the
enterprise without lien.
vi. The grant of land is destined at an early
day to prove Of far greater market value than
the total of the first mortgage bonds issued
upon the road and equipments
VII This road lies altogether among the col d
and silver.producing regions and its revenues
are received in coin.
VIII. The management Of this company has
bSen in the highest degree prudent and frugal
and the whole surplus, after payment of expense
and interest, is devoted TO construction purpe-
ses.
TX. The interest liabilities Of the company
are even now less than a third the net earnings
upon the road pledged.
X. Both Principal and IHtsrest are payable IN
Gold, under special provisions OF both Nation&
and State enactment.
The bonds are in sums of 5000 each, with
semi-annual gold coupons attached, and are Of
and accrued interest from Jan. ], added, in eur.
rency.
The back interest is charged at six cent
in currency though repaid In full in Md. A
this time they yield nearly
NINE PER CENT. UPON THE INVEST
MEHT.
These bonds bid fair to attain the most prom
inent position among the nOn-speculative in
vestments Of the country, and win be actively
dealt in at the msney -ceDtres in Europe.
Holders OF Government securities have an Cd
portunity Of exchanging them for Central Pa
ciic Bonds bearing An equal rate Of interest
with the principal well secured and Of
REALIZING A PROFIT OF TEN TO FIP
TEEN PER CENT IN ADDITION.
Orders sent with the funds through response
bic Banks or Express Companies viii receive
prompt attention. Bonds sSnt By return Er
press 20 any address IN the United States, a
our cost Information, Descriptive pamphlets.
Maps. &c, furnished on application at the 9filoe
OF the Railroad Company, No. - "in
street, and Of
FISK a HATCH,