The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-01-31
Central Pacific Railroad First
Mortgage Bonds.

/ Central Pacific Railroad First
Mortgage Bonds.
IL il commonly known that the General Coz,
ernmGut for wise purposes, has given its aI
and cncaura cement u the construction ot o5r
MAIN THROUGH LINZ CF RAILROAD IN TN the p,
citic ocean across the Territories 10 cunu,,i
with the valious Eastern hlash's Of tire Pa
eide kai road system, and which will form N,
GRAND TRUNK ROUTE 20 the Far West
upon which the mighty trans'cantiucntal traih,
will concentrate.
The CENTRAL PACIFIC RAILROAD
CuMPANY-wbo are carrying IL forward With
greater energy and persistence than was eve.
shown ia any similar work IN ancient or Modern
timps-will build, eqniP, own and CUulul Tue
Western Half Of this Through Lle. the Mos.
productive favored, and valuable portion OF tie
whole and NAV Justly bs regarded aS p0sstss,u,
the richest franchise ever granted on this cont
nent.
The Act Of Congress confers upon the Corp1
raiioRs besides the right of way across the Ter
ri:orics gift of ~, eJJ acrrso the public lands
per mile contiguous To thi- limo, aad IN app'J
pIiatiou from the National etc, II Of SiNlI MI.
LIONS In TER CENT, loNps, DELIVERED ~ De
work progresses: or hAlrthe estimated cost Of
the through Liue aud Branches. These sub
sidy bonds the company may Canc'l IN scnnrNs
of years by the Transportation services oiibr
Roads and q small per centage Of their net ,atL
iugs; they, tht reiurr, constitute an element q.
great strength 10 the corporations.
The Act further authorizes them 20 issue a.
equal amount Of their own First hougaE,
Bonds of corresponding denominations, 'cs'h
shall BE- The frSt claim upyn fhC WhoH fd'cdd r.T
srty. aud 20 trhiek ths hea 81 he 0orrr"nsM 'haA
BE- subordinate, as q means OF nOrU readily sr,Ei
ing the remaining hdf of the capital Tor the con
stIuction; the equipments, &c being PROVIDE
out OF the capital stock subscriptions aud oIs''
sources.
The great CENTRAL Pacific RAILROAD il there
fore In AN important sense, u SEhl'NAIioNAi
! wORK aided and commended by tue people, u
| Legislative power and the Executive uit,rW
though its management IL administered Uim o.
the care aud JOreta0ugh Of ne hlost oH'Heht P"fi'
| corDordti0nS Being under the constant suPrt
vision of the Government-who, being the WiA
| cipal creditor, acCcptsa subordinate and Cuuln
gent lien-with ~ large an amount Of addition
al capital also invested In the property pledges
it is believed that no securities now Offered 30
the market possess tho sau claims tu oorh
dence and market value, except those 81 me
Government
Under these favoring auspices very sra'.piv.
progress has been made In extending the ral u1i
| track from both directions. Nearly l0JJ IN fi
OF the Main Line and CuuvcTGtug EJurAr, %.
tween the Missouri River End the base ~ ids
Rocky Mountains have been huilt within thrs
! wears. The CENTRAL PACIFIC NAlEph tI'
also steadily aud successfully carried the Ala
, stem Inc from the steamboat navigation a, the
Pacific 20 the summit vi the Sierra Nevada arl
into tho Great salt Lake Basin east OF the Iat.
; fornil line. Having overcome by lac iI" n'''
dihcut and expensive portion 81 Tue Wh''
line. the probabilities Of the through connrcli'a
with In, Eastern lines being effected in ~
amount almost to certainty.
The prominent feature ia the pTogreS, 81 tlf
CENTRAL Pacific RAILROAD IL the r"matkab!
large and profitable Local Business which Nds
veiOprd upon the completed portion MOI" i1'-
, Justify ing the estimates of IT. pi"irct"r"-iNh'
the Immense traffic between the Prrt' ns a..
fOrna and the mining regions 81 To" mt "
wOuld sustain trst-cllss railroad Line event
the overland connections were not bniiL Ii'
net profit upon operating tho INK ol les '.'a
one hundred miles, thus tar, reaches nenl u.
m Hons In gold: and this ratio viii De- doHNr'
durfug the coming season when the rnirs
, | mountAiR transit IA made by the Locomotive.
With every extension uG the track, VI" hu'ip"''
and profits Of the completed put are inrlfas'e
| so that when the overland through traffic 'hA.
bs ceutered upon the Ct NTnL ltotu the IN
eral prosperity Of the company Viii 70" "i'L"s'
parallel. aud its securities appreciated corr.
pOndingly. The CgNrgM PN1rT RNLR"W
COMPANY offer tot sale thtirt list GOsiGADL
iTHIRTY.YkAR SIX PR CENT "'.p
BONDS and submit IN InrCstor' -
following, among other obvious coS'Heis
tion-: aud invite the comparison with IN" m'''
and eEorilsncss VI aEy class o! C0ip0ia'"~'
euritics:
/ -. he mai
and valuable part of the Grand National ia,E
Railroad soon tO become tie main ciannsl OF
Communication on tho continent
H. The local settlemcnt and businos, thst~
from il remarkably large and profitable 'n'
must constantly iGcreas3
III. The hardest part Of the road is %,
built aud the remainder will h. rapidly oaff'''
forward over the salt Lake Flains.
". Tie greatest part Of the means nrc''"r'
10 build the road il provided by the L. :. ".'
eminent upon a subOrdiuat" lien.
V. The State and cbl,r cities Of Csl fr,'
have contributed upward Of iJOJo,0p Z" 10
enterprise without Zen.
VI. The grant Of land IL dcstiged - earl
day n prove Of GaT greater market value -;
! the total Of the hrst mortgage bond, is'1''
npoa the road and equipments.
VII. This road hes altogether among the lsi
and silverprgdu'iEg regions and IS fov~aa''
are received Ia coin.
! VII. The management of this company hl'
been IN the highest degree prudent AMI ffrs1
A 4.
aud interest, Is devoted 10 cOnsiructios pa-'
$50.
TX. The interest liabilities Of the con- 1stl
arc evennow ie-s than = third the net e1fnanP
upon the road pledged.
X Both Principal and In,<rea arc pdysbba
Gold, under special provisions of both SAi'hA
and State sp1ctmgBt.
The bonds are Ia SIMS Of 1900 zach Shs
ssmiannasl gold coupons attached a9d are 9
fered for sale a. 95 per cent Of their pr "a v
and accrued interest from Jan. !, aided, IN e"
rsney.
The back Interest IL ohsrged At slI per ots.
IN currency, though repaid In fall In 9oA -
this time they yield nearly
NINE PER CENT. CPOy THE HTEH
NEWT.
These bonds bid fair 20 attain the mo-; go.
men; position hmO1g the ngurpeful2tm
yeztmenis Of the country. and win be asu'''
dealt IN At the msDey-csntres IN Enrope.
Holders Of GOVeTnment securities h4Fc ~
portunity Of exchanging thsn for CentrG
eide Bonds bearipz al equal rate Of is's
with thu principal well secured, and OF
lREALIzryG A PROFIT or IEy 10 ~
TEEN PER ogYT. ~ ADDITION
Orders sent With the funds thrOaZh FesI,IT,
bic Banks or Express ConRzniss va Is.
prompt attention DOnda ant by fetAI- AZ
Nrs.a to any adfrea. In fha roited St1iS- .