The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-30
Central Pacific Railroad First
Mortgage Bonds.

II IA commonly known that the General Gov,
eminent for wise purposes has gwen IL aaS
and announcement - the construction Of one
NAN THROUGH LINZ or RAILROAD from The IA
ciho Ocean across the Territories u oonnec'
with the various Eastern ISrAnsbes Of the Pa
Cife Railroad system. and which vii form tht
GRAND TRUNK R0UTE 10 the Far West
upon which the mighty trGns-cOnIinentAl trsfh'
VIII concentrate.
The CKNTRALi PACIFIC RAILROAD
COAPANY-Wh0 arr carrying u forward with
greater energy and PersistGnoe than Vas ever
shown in any similar work In ancient or modern
times-win build, equip own and control tht
Western BALI Of tins Through Line. the nosi
productive. favored and valuable portion Of The
whole. and may Justly be regarded - possessing
the richest franchise ever granted On this CONT
neut-
The Act Of Congress o0nters uPOn the CorpO
rntionk besides the riEhf Of way across the Ter
rituries q Eif VI 4 SUI acres OF the public lands
per nils, e0nnguous % this Line ano IN appro
rriari0n from the National credit Of SINTF MI
LIONS in PER cENT. HOSIH, delivered - III,
work pruCresses. or half the estimated COST o
The Through Line and Branches These sub
sidy bonds the company may cancel IN o@nrs'
Of yeArs by the Transportation servlces 81 In
Rnsds. and small per centage Of Their net carr
inga they, therefore, consulate an element o
great strength 70 the corporations
The Act further authorizes them 60 Issue NJ
equal amount Of their own Frs1 MortEAg,
Bonds Of corresponding denominations, Uhisi
shnl b. he frEt claim upon the tuh0iS rGiironG Trop
srz and q I1tiol thf hoA q uas Government EhaL
b. sllbOrdiEGfS, As 3 means Of more readily secur
ing the remaining half Of the capital for the ooD
gtructiOn. the equipments &c, being provided
ont Of the capital stock subscriptions and 0the'
sources
The great CENTRAL PACIFIC RAuEOAp IL there
fore in An important sense \ SEMi- NATIONAL
WORK aided and commended by the people, tn
Legislative power and the Executive Ufhners
though ia management "A adH1tHsSteTnS ash q
the care and I0retsOugl q s mast esHiHoIi prsuGt
r0rpOratioEE Bang under the constant super
y-isi0n Of the GOvernment-wbo, being the pm
cipsl creditor accepts q subordinate and cdntin
GENT hen-witb 30 large An amount Of addition
a capital also invested In the property pledgod
II Is believed that securities nov otierrd u
the market possess the sane Claims 70 oonb
denoe and market value, except those oi th'
Government.
Cude! thrss favOTiHg auspices very gratifying
progress has been made In extending the rAilroA'
track from both directions Nearly 1000 milo
Of the Man Line and ConvergiuE branches be
tween the Missouri River and the base Of tn
RsCLy Mountains have been built within thrc
wears The CENTRAL PACFC RkIl.EoAn Ia
also steadily and successfully earned The hAu
stem Line from the steamboat navigation OF tn
Pacific 70 the summit Of the Sierra NevRdA an
into the Great Salt Lake Basin east Of the Cal
fUrnin line. Having overcome Ivy far the RIOS
difhcuit and expensive portion OF the Who'll
line the probabilities of the through CONNECTION
with the Eastern lines being effected in 10
amount almost 20 certainty.
The prominent feature IN the progress Of tb
CENTRAL PACIFIC RAILROAD il the rsmRrkkbl.
large and profitable Local BustDes1 which IL de
vel0ped upon the completed portion more thai
justifyiuE the estimates Of it, pICjeCtorS-thA
the immense trRfiC between the ports 81 Cali
furuia and the mining regions az the int o
would Sustain hrst-olass rKllruad line, even I
the overland connections were not bntlt Th'
net profit upon operating the liBk 81 less thai
one hundred miles TINS FAR reaches nearly TIVE
millions In gold and this ratio vii he doubled
DUNG the coming season, when the eHttr'
mountaiE transit a made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are Increased
=, that when the overland through traffic Hhhl
be oentsred upon the CENTEAL ROAD, the ger
era prosperity Of the company VIII be without
parallel and ia securities Appreciated oorrts
pond!nCly The CENTRAL PACIFIC RAILRsAI
C0MPANT 0tisr for sale thsirFIIGST AORTG AGI
THIRTT.YEAR SIX PR CENT COLL
BON DIS, and submit to Investors ~
following among other Otvious cORsid0rS
tiuns and invite the comparison with the merit
and eToeDeDcieS Of any class Of COrPorBie -
Surities-
J. These Bonds art ba-cd upon the most vita
and valuable part 81 tie Grand National fReib'
u - 10
communication on the continent
II. The local settlement and business there
from 10 remarkably large and profitable, an
must constantly IncreaSs-
III. The hardest pEr1 Of the road il nov
built and tho remainder viii he rapidly carrie'
forward ever the Salt Lake FlaiBs-
". The greatest part Of the means Beoosszr!
70 bald the rnad il provided by the Z. s Gov
erHmsut upon . subordinate lisn.
Y. TIE Stste and rhief citirs 81 CaliforHii
have contributed upward of - 0or youp 10 IA
enterprise without hen.
VI The giant ID land is destined At An sari!!
dsy @ pTUve Of Ear greater market valus thai
the total OF the first InsTTEAEr bonds Issue
upon the road and equipments
VII This road lies altogether among the EVl
and silverprOducinE Regions and IL Hrrnue
are received In 00In-
VIII The management 81 ttis company IA
been IN the highest 6sErss prudent and frnEal
and tie WbSlF Eurpsus Gftsr payment 81 eIpeps
and iUtsrsst, is devoted 10 oonstrBrtasn purT'e
sss
TX Thu Enterez; Liabilities Of The sonpzp,
an sysl now less tksB q third the net earning
upon fhs road pledged.
Z Both PrinaDai s4d IEferess syc pzVabis !
God under sTDsciAl prSvisiOns q both Asts11s1
and state ensctmeui
Tbs bonds are In suus u 5000 each, wit
( saui annual E0ld coupons Ef1sched, and Hre o'
fsred Ger sale ~ g pr cert 81 tbfif p4r rAlns
/ EnG accrued Interest frOD Jan !. Aascc- In eur
rency-
The hack Interest - charged - siI psr cent
IN currency. though repaid n fan 10 goLA A
tins tine they yield nearly
VINE PER cESz UPoE ZEE TTTEEI
NEEr
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