The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-20
Central Pacific Railroad First
Mortgage Bonds.

II is commonly known that the General Gov.
ernmsnL for wise purposes, has given its aid
and encouragement % the construction OF one
MAIN THROUGH LINZ or RAILROAD from the Pa
cine ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa
cine Railroad system, and which win fern the
| GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty trans-oontinental traffic
Will concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-who are carrying Il forward with
greater energy and persistence than was ever
shown In any siV'ilar work In ancient or modern
times-will bui.u, equip, own and control the
Western half Of this Through Line, the most
productive, favored, and valuable portion OF the
whole, and may Justly DO regarded As possessing
the richest franchise ever granted on this CONT.
nent
The Act of Congress confers upon tho Corpo-
rations, besides the right OF way across tho Ter.
ritories gift Of IL so acres OF tho public lands
per mile, contiguous to this line, and an appro..
priation from the National credit Of SIxII NIL
LIONS in PER eENr BONDS, delivered AZ the
work PROGRESSES or half the estimated cpst Of
sdy bonds the company may cancel In o course
| of years by the Transportation services OF tho
Roads and small per csntage Of their net earn.
ings they, therefore, constitute 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 denominations, ,cAieA
shall Be the first claim upon the rhols railroad prop
erty aud % s0hieh the lien Of ne Government shdh
be subordinate, rs means OF more readily secur>
ing the remaining half Of the capital for tho con.
Gg hatV Aal
out of the capital stock subscriptions and other
| sources.
The great CENTRAL PAcIFIc RAILROAD Ia there
fore, in an important sense, a SRMr NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executive officers,
though its management IL administered sth az
the care aud IOretAOtIg Of tie most eminent private
corporations. Being under the constant super,
yiaOn of the Government-whO, being the prtn'
cpal creditor, accepts subordinate and contin.
gent lien-with 80 large an amount Of addition
al capital also invested In tho property pledged
10 is believed that no securities now offered IN
the market possess tho sane claims 10 conn
dence and market vrlue, except those OF the
Government
Under these fayoring auspices very gratifying
progress has been made In extending the railroad
| track from both directions. Nearly 1000 miles
of the Main Line and convorging Branchea DO
|
Rocky Mountains have been built within three
years. The CENTRAL. PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of tho
Pacific 10 the summit Of the Sierra Nevada anil
into the Great Salt Lake Basin east Of tho Cah
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with the Eastern lines being effected In 1870
amount almost 10 certainty.
The prominent feature in the progress of the
CENTRAL PA IFC RAILROAD In the remarkably
large and profitable Local business which IL do
velOped upon the completed portion, moro than
iustifying the estimates of ia pToiectOrs-that
the immense traffic between the ports Of Calf
fornia and the mining regions Of the inter OF
would sustain q flrstClhss railroad line even II
| the overland connections were not built Tho
net profit upon operating tho link OF less than
| one hundred miles. thus far, reaches nearly two
millions In gold and this ratio will be doubled
during tho coming season, when tho entire
mountain transit IL made by the locomotive
| With every extension Of the track, tho business
and profits Of the completed part are Inoreascd
40 that when the overland through traffic shall
| be conferred upon tho CENTRAL ROAD, tho gen
eral prosperity Of the company will DO without
| parallel, aud its securities appreciated CORES
pOndlngly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIlIST MORTGAGE
| THIRTY.YEAR SIX PER CENT. GOLD
II
following, among other obvious cODsidera-
tons; and invite the comparison with the merits
and eGcellencies OF any class Of Corporate 10.
Gufitics:
]. These Bonds are 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 IL remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built, and the remainder will b. rapidly carried
forward ever the Salt Lake Plains
". The greatest part Of the means necessary
| to build the road IL provided by tho U. y. Cor
eminent upon n subordinate lien.
! " The State aud chief cities Of California
have contributed upward Of tJOOO,OO0 10 tho
enterprise without lien.
VI. The grant Of land n destined at an early
day 10 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. producing regions, and its revenues
/ are received IN coin.
| VIII The management Of this company has
| been In tho highss, degree prudent and frugal
and interest, IL devoted 10 construction purpe-
| ses.
! TX. The interest liabilities Of the company
are even now less than third the net earnings
| upon the road pledged.
x. Both Principal and Tnt>reSt arc paydbb ~
God, under special provisions Of both National
and State enactment.
The bonds are In sums Of tlOOo each, with
semi animal gold coupons attached, and are OF
fered for sale az g5 per cent Of thsif par VANS
and accrued interest from Jan. !, sdaed, In cur
rency.
The hack interest Is charged At siI per cent
In e,aTysn1y though repaid In fall IN gosa a
this time they yield nearly
yryE PER CEYI UPoy THE DyEsr
NEST.
Thee boBds I'D fair 20 attain the most prosn.
insut position among the BOnppsculativs IN.
vestIDsnts Of the country, and win b. aStivsly
dealt In AZ the msney centres In Europe
/ Holders Of Government securities have an Op-
I pOrtunity 81 exchanging them for Central Pa
/ oiho Bonds bearing an equal rate Of interest
with the principal vel secured. and Of
REALIZING A PROFIT or TEN 20 FTF.
TEEN PER CEST. ~ ADDITION.
4 Orders sent with the funds through rsspoust
bic Banks OF Express Companies wiz fecsr,s
prompt attention. BoDds sSDt By return -
pres 20 any address In the United staes5
our cost Information, Descriptive panpe 80.
4 a 1fsSa4f fUrIl