The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-05
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin,

The attentiOn:of Investors, TT ,stees, Execu
tors and others desiring an unuI lally 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.
It's commonly known that the General Gov.
eminent, for wise purposes, has given its aid
and encouragement to the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
Cifc Ocean across the Territories 70 connect
with the various Eastern branshes Of the Pa
cihc Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far West
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 buiip, 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. gift of - 500 acres OF the public lands
per mile, contiguous TO this line, and en- appro.
priatiOn from the National credit of Sixty NIL
LIONS in FER CENT. BONDS, delivered as the
work progresses or half the estimated cost Of
| the Through Line and Branches. These Sub
sidy bonds the company may cancel in Rcsurse
of years by the Transportation services Of the
Roads, and small per centage Of their net earn
ings they therefore, consulate an element OF
great strength TO the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, icAieh
shall be The first claim upon the tChOs railroad prop
erty aud 10 irhich the hen Of he Government shdA
be subordinate as q 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 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 9th al
the care and oTethOUght Of The most eminent pirate
eorpordhonS Being under the constant super
vi0ion Of the GOveTnment-who, being the prin'
cipal creditor accepts q subordinate aud cOntin.
gent lien-with 80 large an amount Of addition
al capital also invested In the property pledged
IL Is believed that no securities now offered in
ha ark az fha claims 10 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 1000 miles
of the Main Line and cenverging Branches he
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, 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 tho Eastern lines being effected In 1870
amount almost 10 certainty.
The prominent feature in the progress Of the
CENTRAL PACIFIC RAILROAD is the remarkably
| large ana DrOnIlDle Local BlslneSh WHICH Is At
| velOped upon the completed portion, more than
| iustifying the estimates of its pI0jectOrs-that
| the immense traffic between the ports of Cali
| fOrnia and the mining regions OF the int,' or
would sustain frstclass railroad line, even II
| the overland connections were not built The
net profit upon operating the link Of less than
one hundred miles, thus far, reashes nearly two
millions in gold; and this ratio will be 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
be centered upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES.
pondingly. The CENTRAL PACIFIC RAlLRsAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 10 Investors tSe
following, among other obvious cOnsidera-
lions; and invite the comparison with the merits
and excellencies Of any class OF Corporateee.
eurities:
I. These Bonds arc based upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon 10 become the main channel Of
communication on the continent.
II. The local settlement and business there.
from il remarkably large and profitable, and
must constantly increase.
Ill The hardest part Of the road il now
built and the remainder will be rapidly carried
forward over the Salt Lake Plains.
" The greatest part Of the means necessary
to build the road Is provided by the z. $. Gov.
eminent upon a subordinate Lien.
V. The State and chief cities Of California
have contributed upward Of $1,000 OO 10 the
enterprise without lien
VI. The grant Of land IL destiped AT an early
day 20 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 silver.prodpcing regions. and it, revenue,
are received in coin.
VIII. The management Of this company has
! been Ia the highest degree prudent and frugal
and the whole surplus. after payment Of expense
and interest, Ia devoted 10 construction pnrpo
ses.
TX. The interest liabilities Of the company
are even now less than 4 third the net earnings
upon the road pledged.
| X Both PrineipoI and In,eTeEt are pdvaLk 81
| Gold under special provisions Of both Nationa
| and State enactment
i Tho bonds are Ia sums Of $1,000 each. will
/ Aemi-snnual gold coupons attached, and arc Of