The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-01
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

It is commonly known that the General Gov.
ernmsnt, for wise purposes, has given its aid
and encouragement 90 the construction OF one
MAIN THROUGH LINK oF RIIRoAp from the Pa.
citc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa.
zinc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty trans-continentSl traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying IL forward with
greater energy and persistence than was ever
shown In any siPilar work in ancient or modern
Limes-will builn, equip, own and control tho
Western Haf Of this Through Line. the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded a. possessing
the richest franchise ever granted on this CONT
nent.
The Act Of Congress oonfers upon the Corpo-
-ations, besides the right Of way across tho Ter
ritories gift Of IL 500 acres OF the public lands
per mile, contiguous % this line, and an appr0-
priAtion from the National credit Of SIXTY NIL
LIONS in PR cENT. BoSps delivered ~ tho
work progresses; or half the estimated cost OF
the Through Line and Branches, These Sub.
sidy bonds the company may cancel In course
Of years by the Transportation services Of the
Roads, and small per esntage Of their net earn:
great strength 20 tho corporations.
The Act further authorizes them to Issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations VAicA
shdu b hs frat claim upon As ioAos railroad prop
srty and 20 1AieA tie lien Of ps Government shaa
bs subordinate a. . means Of more readily secur.
ing the remaining half Of the capital for the oon.
,truction; the equipments, &c, being provided
put Of the capital stock subscriptions and other
sources.
The great CENTRAL PAcTIe RLuRoAp 10 there-
fore, In an important sense, . Skn NATIONAL
Work, aided and commended by the people. tho
Legislative power, and the Executive officers,
though ita management Ia ddDinisiSrsd tiA al
ne care and JoretkOU0h Of tie mort sDainent PIRATE
corporations. Being under the constant snpcr-
yision Of the Government-who, being tho pin
ripal creditor, accepts subordinate and 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
the market possess tho san O claims 10 CONT
denoe 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 converging Branches DO.
tween tho Missouri River and the base Of the
years. Tho CENTRAL PACIFIC RAILROAD has
also steadly and successfully carried tho Main
Stem Line from the steamboat navigation OF the
Pacific 20 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 aud expensive portion Of the whole
liae, the probabilities Of the through connection
with the Eastern lines being effected In 1870
amount almost TO certainty.
The prominent feature In the progress Of the
CESTIlAL PA IP1C RAILROAD 10 the remarkably
large and profitable Local business which H. do
yelOped upon the completed portion, moro than
iustifying the estimates OF it, ptojcctors-that
the immense traffic between the ports Of Call
forniA and the mining regions Of tho int,i or
would sustain a hrst-class railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of less than
Dne hundred miles thus FAR reaches nearly two
millions in gold; and this ratio WI be doubled
during the coming season, when the entire
mountaiR transit Il made BY the locomotive.
With every extension Of the track, the business
and profits Of the completed part are inereasedl
20 that when the overland through traffic shAn
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
parallel, and ia securities appreciated CORES
pondingly. The CENTRAL Pacific RlnHoAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PR CENT. GOLD
d o N DS, and submit TO Investors TIE
among other obvious oOnsidera-
tiOns and invite tho comparison with the merits
and eIoellencies Of any class Of Corporate -
aurities:
I. These Bonds are baAod upon The most vital
aud valuable part Of the Grand National Pacific
Railroad soon o. become the main channel u
on the continent.
IL The local settlement and business there
from is remarkably large and profitable, and
must constantly increase.
III. 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 nooossary
IN build the road il provided by the L. :. Gov
eminent upon a subOr diBate lien.
V. The State and chief cities 81 California
have contributed upward Of DOOOuJ o. 90"
without Len.
VI. The grant Of land IL destined ~ an carly
day 10 prove Of far greater market value than
the total Of the trst mortgage bonds Issued
upon the road and equipnsnta
VII. This road lie. altogether among tho gold
are received In coin.
VIII, The management Of this CON pany has
been in the highest degree prudent and frugal,
and the whole surplus, after payment Of sIpenss
and interest, 10 devoted 20 construction purps
ses.
TX. The interest liabilities Of ths company
are even nov less than . third the net ssrhinks
upon the road pledged.
K. Both PRINCIPAL and ITlsref are 1syae1t y
cod, under special provisions Of both Nations
and State enactment.
The bonds are in sums Of tIoos each, vits
semi-sunual gold coupons sttsSheu nc
Jared for sale AZ % per cont o. toenp 'Aoe'
and ,nersed interest from jan u sosso' IN cur
reney.
~. h.1l Interest 10 charged At rID cent
4. t..e,sr~-. though repaid In fall In ga.
III. time they yield nearly
NINE PER CENT. UPON TIE IyvEsT.
NEWT
These bonds I'D fair 70 attain the mOst prom.
insut position among the nOnspeeulative In
vestmsuts Of the country, and win Be aStivsIy
dealt IN a the msney centres In Europe.
Ho.dsrs Of Government securities have an op.
portunity Of exchanging them for Central Pa
ciHc Bonds bearing an equal rate Of interest
With the principal well secured, and Of
REALIzISG 4 PROFIT or rES TO EIE
TEEN PER CENT IN ADDITION.
Orders sent With the funds thrOoEh respons'
bic Banks or EIpress Companies VII reeve
prompt attention. BoDds ssIt rs.ais