The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-03
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

Principal & Interest in Gold Coin,
The attent1n!Of Investors, TT .stees, EIsea
tors, and others desiring an unul lAlly safe, re
liable and profitable form Of permanent invest
ment, is called to the advantages and assurances
Of the .r- ...F..
5r..pa
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov.
eminent, for wise purposes, has given its aid
and announcement to the construction Of one
MAIN THROUGH LINE or RAILROAD from the Pa
/ cifc Ocean across tho Territories 70 connect
with the various Eastern bIanshes OF the Pa
cifc Railroad system, and which viii form the
| GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty trRns-eontinentAl traffic
viii concentrate.
| The CENTRALLY PACIFIC RAILROAD
| COMPANY-Who are carrying II forward with
| greater energy and persistence than was ever
shown ia any sip'ilAr work IN ancient or modern
/ times-will bniu, equip, own and control the
! Western half Of this Through Line, the most
! productive favored, aud valuable portion Of the
whole, and may Justly be regarded As possessing
the richest franchise ever granted on this CONT
nent.
The Act of Congress oOnters upon the CorpO
ratiOns, besides the right Of way across the Ter.
rttories, gift Of - 80 acres OF the public lands
per mile, contiguous to this line, and IN appro-
priatiOn from the National credit Of sixty MIL
LIoSs in PER CENT. BONDS, delivered a. the
! work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in . course
of years by the Transportation seryices Of the
Roads, and . small per centage Of their net earn,
! ings; they, therefore, constitute an element Of
| great strength 70 the corporations.
| The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tchieh
shall be the first claim upon the ichOle railroad prop
eTty aud % t0hich tie len Of he Government shall
be subordinate as n means OF more readily secur.
ing the remaining half Of the capital for the con.
structon 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, q SEM1'NATioNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
/ oh "a maj Ia
the care and tOrethoUght Of he mort eminent pirate
] corporations Being under the constant super.
vision Of the Government--who being the prin-
epal creditor, accepts subordinate and contiD.
| 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.
Under these favoring auspices very gratifying
progress has been made in extending the railroad
| track from both directions Nearly 100 miles
of the Main Line and cOnvergng branches be-
/ tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years The CENTRAL PACIFIC RAILROAD has
| also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific 10 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
difficult and expensive portion Of the whole
line, the probabilities of the through connection
with the Eastern lines being effected in 1870
amount almost "a certainty,
The prominent feature IN the progress Of the
CENTRAL PACIFIC RAILROAD IL the remarkably
large and profitable Local Business which Is de.
| velOped upon the completed portion, more than
instifying the estimates Of its pIojectors-that
! the immense traffic between the ports Of Cali
p md fha mil aI r
| would sustain tirst-clasS railroad line, even II
| the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus TAR, reaches nearly two
millions in gold; and this ratio will b. doubled
during the coming season, when tho entire
mountain transit Is made by the locomotive.
With every extension Of the track the business
and profits Of the completed part are increased;
10 that when the overland through traffic shall
be- conferred upon the CENTRAL ROAD, the zen.
eral prosperity Of the company will be without
parallel, and It's securities appreciated cores
pondingly. The CENTRAL PACIFIC RAILROAD
| COMPANY offer for sale theiTFIhST MORTGAGE
i THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors TIE
following, among other obvious cOnsidera-
tons; and invite the comparison with the merits
and eEcellenCies Of any class OF Corporate &c
surftes:
| T. These Bends are based upon the most vital
| and valuable part Of the Grand National Pacific
! Railroad soon TO become the main channel Of
| communication on the continent.
II. The local settlement and business there.
| from is remarkably large and profitable, and
must constantly increase.
I III. The hardest part Of the road il now
built and the remainder will bs rapidly carried
forward over the salt Lake Plains.
" The greatest part Of the means necessary
10 build the road ~ provided by the U. s. Gov
eminent upon a subordinate lien.
v. The State and chief cities Of California
have contributed upward Of ooa0oO To the
| enterprise without lien.
| vi. The grant Of land Il destined at an early
day % 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 gold
and silyer-producing regions, and ia revenues
are received in coin.
VIII The management OF this company has
been in the highest degree prudent and frugal
and interest is devoted to Construction purpO
ses. .f..
TX. The interest liabilities Of the company
are even new less than Q third the net earning
upVn the mad pledged. aa.
X Both PRINCIPAL AID HlIsIes are PAYABLE &,
God, under special proviSiOns of both Haticna
and State enactment r
The bonds are In sums Of 1900 each, wild
ssmi-aunual gold coupons attached and are 81
fered for sails at IS per cent Of their par value
aad accrued interest from Jan. I. sdaed, In cur
lrency.