The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-13
Central Pacific Railroad First
Mortgage Bonds.

II Is commonly known that the General Gov.
eminent, for wise purposes. has given Its aid
and encouragement TO the construction OF one
NAN THROUGH LINE oF RAILROAD from the Pa
cihc Ocean across the Territories 20 connect
with the various Eastern Branshes OF the Pa
cihc Railroad system, and which will firm the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty transoontinentl traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who aro carrying 10 forward with
greater energy and persistence than was ever
shown In any siv,ilar work IN ancient or modern
times-will bui.a equip swn and control the
productive, favored and valuable portion Of the
whole, and may Justly be regarded ~ possessing
the richest franchise ever granted on this CONT
nent.
Tho ACT Of Congress oonfcrs upon the Corpo-
ratiOns, besides the right OF wsJ seross the Ter
ritories gift Of IL 500 acres Of the public lands
per mile, contiguous u this line, and an appro-
priation from the National credit of SiITI MIL
LIONS In PR SRNr. BoNDs, delivered af the
work progresses or half the estimated cost OF
the Through Line and Branches These Sub
sidy bonds the company may cancel In q course
Of years by the Transportation services Of the
Roads, and . small per csntage Of their net earn.
ings; they, therefore, oonstitato an element of
great strength 20 the corporations.
The Act further authorizes them 70 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominstions, ,SAicA
shall be the frst claim upon < sckots rulrodd prop
erty and % lThieh the lien Of he Government shall
Be subordinate, as means OF more readily secur.
ing the remaining half OF the capital for the con.
struction; the equipments, &c., being provided
out OF the capital stock subscriptions and other
sources.
The great CENTRAL PAcIns RAILROAD Ia there
fore, In an important sense, O SEMNArioNAL
WORK, aided and commended by the people, the
Legislative power, and the Executivo officers
though Its management h adnisistered Wiot al
the care aud JOrethotgh Of h1 most eminent pr'rdts
corporations. Being under tho constant super
vinion Of the GOveInment-who, being the prin'
cipal creditor, accepts q subordinate and oontin'
gent lien-with 30 largo m amount Of addition.
al capital also invested In the property pledged.
IL is believed that no securities now offered In
tho market possess the same claims 20 conf
dence and market vrluo, except those OF tho
Government ....
Under these favoring auspices very gratifying
progress has been made In extending the railroad
truck from both dlrectiona. Nearly 1910 miles
of the Main Line and converging Branches be.
tween the Missouri River and the base OF tho
Rocky Mountains have been built within three
years The CENTRAL PACIFIC RkfLRoAD has
also steadily and successfully carried The Main
Stem Line from the Steamboat navigation Of tho
Pacific TO the summit Of the Sierra Nevada, and
into tho Great Salt Lake Basin east Of tho Cali.
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected In 1870
amount almost 10 certainty.
The prominent feature In tho progress Of the
CENTRAL PA HIc RAILRoAD Is the remarkably
large and profitable Local Business which IL do.
velOped upon the completed portion, more than
Iustifying the estimates 0f tts professionalism
the Immense traffic between tho ports Of Cali.
fornia and the mining regionf OF tho Inter OF
wonld sustain a hrst-class railroad line even II
the overland connections wero not built Tho
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season when tho entire
mountain transit IN made by the locomotive.
With every extension Of tho track, the business
and profits Of the completed part are increased,
so that when the overland through traffic shG
be centsred upon the GENITAL ROAD tho gen.
eral prosperity Of tha company will be without
parallel, and its securities appreciated oorIek.
pondingly. Tho CENTRAL PACIFIC RAIRsn
COMPANY otter for sale theirFIhST hORTGA0E
THIRTY YEAR SIX PER CENT. GOLD
BON $, and submit 20 Investors TIE
following, among other obvious conaihera
tons; and Invite the comparison with the merits
and eIcellencies OF any class Of Corporate %.
eurities;
!. These Bonds arc based npon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 20 become the main channel Of
communication on the continent
II. The local settlement and business there.
from Ia remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road 10 now
built and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road IL provided BY the U. q Gov.
eminent upon 4 subordinate lien.
V. The State and chief cities Of California
have contributed upward Of sJ,OOO,OOO TO the
enterprise without lien.
VI The grant Of land IL destined az an early
day TO prove Of far greater market value than
the total Of the Arst mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and its revenues
are received In coin.
VIII. The management Of this company hAs
been IN the highest degree prudent and frugal
and the whole surplus, after payment ot expense
and interest, Is devoted 70 construction pufps.
see.
TX. The interest liabilities Of the company
are even now less than third the net earhisEs
upon the road pledged
X. Both Principal AID Int>rsa ara p1yatk ~
God under special provisions OF both faaonA
and State enactment.
| The bonds are in sums OF tfOos each, with
semiannnal gold coupons attached, and are o.
fered for aale at % per cent. Of their par vDoe
and accrued iAterest from Jan. j. adAes' |" oe
reney.
+, Inc oao1 tbouEh repaid IN fun in god. A
dis time they yield nearly
yryg PER CENT. UPON THE INVEST.
4
These bonds bid fair 10 attain the rDos, prom.
fnent position among the D0nApeeaiAtiVs In.
yestmsnts Of the country, and VIM be aStiyely
dealt in at the msnsy centres In Europe
! Holders Of Government securities have an CD.
portunity Of exchanging them for Central Pa
| cife Bonds bearing an equal rate Of interest
| with the principal well secured and Of
REALIZING A PROFIT or TEN TO YIF
TEEN PER CENT. IN ADDITION
n Ordsrs sent with the funds thrUugh respops,
Bile Banks or Express Companies VII 80 ~,
prompt attention. BOBds ssnt ~ 800. -
| In