The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-10
Central Pacific RaiirOadFirst
Mortgage Bonds.

Mortgage Bonds.
II is commonly known that the General Gov.
ernmont, for wise purposes, has given its aid
and encouragement TO the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
citc Ocean across the Territories 20 connect
with the various 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 traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying it forward with
greater energy and persistence than was ever
shown In any siuNilar work In ancient or modern
times-will bui'a, equip own and control the
Western half of this Through Line. the most
productive, favored, and valuable portion of the
whole, and may Justly be regarded rs 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 tho Ter.
ritories GIFT Of ~ 500 acres OF the public lands
per mile, contiguous TO this line, and IN appro-
priation from the National credit OF sixty MIL
LIONS in o PER CENT. BONDS, delivered rs the
work progresses; or half the estimated cost of
the Through Liue and Branches. These Sub.
sdy bonds the company may cancel in q course
Of years by the Transportation services Of the
Roads, and a small per csntage Of their net rarn.
ings; they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes them 20 issue an
equal amount of their own First Mortgage
Bonds OF corresponding denominations, 'ehieA
Srt and NJ ,c6;c6 M, I'm NJ ths Gorrrn,n|nt am
\. s.,korJ;n1,, "a a naans N, mora y..IjIy sacnr.
T. ,La rama;ntn, h. NJ ,ha can,,ai for ;ha CON.
ins I.9 ,ei1 La nSm y, .Ho iot VIC ~
o,, ~ ,hn ea,i, - "a o,Lar
The great CENTRAL PACIFIC RAILROAD IL there
fore, in an important sense, n SEMI NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executive officers,
though its management Is administered eith al
the care and Jorsth0ughf o. ne most eHinent PTrdte
ccTPoTdtOLS' being uhueF the constant super
VlDion OF the uoverhmeht-Wb0 oeihR ihe ptin'
clpal creuitor, sccePIsa suoorulnAte anu contin'
gent llen-Wltn 40 large an amount OF ahdltion'
al capitai also invested III the property piedgen
II Is believed that no securities now offered In
the market possess the sane claims To CONN
dtnce and market valne, except those OF the
Government.
Under these favoring auspices worry gratifying
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
of the Main Line and conyerpiug branches be.
tween the Nissonri River end tie base of the
Rscky Mountains have been bnilt within three
years. The CENTRAL PACIFIC RAILROAD has
also steaal,; and successfully carried the Main
stem Line from the steamb boat navigation of the
Pacific TO the summit of the Sierra Nevada, aud
into the Great Salt Lake Basin east Of the Cali
difficult and expensive portion Of the whole
line the probabilities OF the through connection
with the Eastern lines being effected In IS''
amount almost 10 certainty
The prominent feature In the progress of th,
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which IA do
The Immense traff,c between tIe 1nrts Of Cali
fnrnia and the mining reyions of the int, I, a,
woni5 smstain n frst .rIass raIjroad line oven 4
one hundred miles TINS lar reaches nearly tw,
millions I'm gold. and this ratio will be doubl.t
mountaiR transit Is made by the lOcOmotiy.
With every extension OF the track, the bushes,
and profits Of the completed part are increased
be conferred upon the CENIRAL ROAD, the gen
eIaI RIY'Pelity VI ens JypSny VIII or,os
Pia.i, anu r i.S So~ pPn,,',, 70
o,,n. " &c, al. ,hsirPiL ST MoRTG
BONDS, and submit 10 Investors ~
following, among other Obvious couhdera
tiOns; and invite the comparison with the merit
'"'''''''
r,.,o p.,5. h..o5 ,.,, ,,o r,o., cit.
ann Nai1@oio pa y, ~. a." nh.nnsI .
o",1 ~, ,ica a On ,be Continent
>, ..,-. . ,-,,L.,
H. the iocaL 81 i.Ln s,i as,sIJo a.,
lIoll 70 len tnS All" P'''~'' -"
II me hardest part 81 Ine ,Jtn r.r no
S,,'. q. en- 80, .n ,ho IL, aks plain.
~, ~, a.. ,,,.a,. ,oc..sar
O.. h,,,,d ,hs - "a providod nv tbe 4. s, Coz
arnman, mon a snI,nrdinate lien
" I'll. S,,,. and chief ci,Ie. Of CsliCorpi
n na,1 ~ wi'Lon, len
eh@'P'''' "iH'o"' "'"
", Ia l., a..,,n.d ., n, oa,,
u ST1 the The road q, ar. and Sonipments.
VII. This road lies altogether among the gol'
VIII, The management Of this company b:
been In the highest degree prudent and fraga
| and the whole surplus. after payment OF e1peni
| and interest, IL devoted 20 construction purp
ses
|
TX The interest Liabilities o. ,ns . soasH -.
n.; 49,, ,.,.r.., 49,, ,o,,,,x,
and state Enactment
fersd for sale at 0s per cent Of Their par VAN
and accrued interest from Jan. j. anAen' IN GU
rency.