The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-21
PACIFIC RAILROAD.
DESIRABLE

DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
The attentisn;of Investors, TT ,stees, Execu
tors, and others desiring an unuE iAlly safe, re
liable and profitable form Of permanent invest.
ment, is called to the advantages and Assurances
Of the
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov.
ernmout for wise purposes, has given its aid
and encouragement 20 the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cihc Ocean across the Territories 10 connect
with the various Eastern branches OF the Pa
citic Railroad system, and which will form the
iGRAND TRUNK ROUTE 10 the Far West,
upon which the mighty traRs-cOntinental trAfhc
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying il forward with
greater energy and persistence than was ever
! shown Ia any siP'ilar work in ancient or modern
times-will buiin, 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 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.
rtOres a gift Of - 500 acres OF the public lands
per mile, contiguous 10 this line, and en- appro'
priation from the National credit of Sixty NIL.
LIONS in TER CENT. RoNDs, delivered "a the
work progresses; or half the 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 a small per centage of their net earn,
ings: they therefore, constitute an element OF
great strength 10 the corporations
The Act further authorizes them TO issue an
edual amount of their own First Mortgage
Bonds of corresponding denominations, ThIch
shall be he first claim upon he irhOle railroad prop
erty, and 10 iChieh the lien Of ts Government ShGi
be subordinate as q means Of more readily secur.
h.lF Nka anti Il for Nha
struction; 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, a SEM NATIONAL
WoRK aided and commended by the people, the
Legislative power, and the Executive officers
though its management is administered trhh al
the care aud foTethOugt Of the most eminent prtrdtt
corporations. Being under the constant super
vision of the GOvernment-who, being the prin'
cipal creditor accepts subordinate and contin'
gent lien-with 40 large an amount Of addition
al capital also invested in the property pledged
il is believed that no securities now offered In
tho market possess the sane claims TO conn
dcncc and market value, except those OF the
Government.
Under these favoring auspices very gratifying
progress has been made i'll extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and C0nverging Branches De
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
wears The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific to the summit of the Sierra Nevada, anC
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of tho whole
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 thu
CENTRAL PACIFIC RAILROAD is the remarkably
large and profitable Local Business which IL de
vclopcd upon the completed portion, more thai
iustifying the estimates of its pIojectOrs-that
the Immense traffic between the ports OF Call
fornia and the mining regions Of tho intr' OF
would sustain frst-class railroad line, even u
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 DO 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
80 that when the overland through traffic shall
bc conferred upon the CENTRAL ROAD, the gen
eral prosperity of the company will be without
parallel and it's securities appreciated CORES
pondingy. The CENTRAL PACIFIC RAlLReAI
COMPANY offer for sale theirFIkST MORTGAGE
TUIRTY.YEAR SIX PER CENT. COLL
BONDs and submit 10 Investors IL,
following among other obvious considera
tions: and invite the comparison with the merits
and exCellencies OF any class OF Corporate NC
suil''eS'
.,.-,.
and valuable part of the Grand National Pacific
hailroau: soCil W O. - lD -. III '''"
ii. The local settlement ana business lheIe
from is remarkably large ana pronIADie' AN
, III. The hardest part OF tho road IL nov
built, and the remainder VIII be rapioly car1e'
" The greatest part Of the means necessar,
| In build the road Is provided By the U. s. Gov
srnment upon a subordinate lien.