The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-14
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov.
ernmsnt for wise purposes, has given its aid
and encouragement 20 the construction OF one
MAIN THROUGH LINE or RAILROAD from the Pa
citc Ocean across the Territories Co connect
with the various Eastern Branshes Of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying Il forward with
greater energy and persistence than was ever
shown in any siplilar work in ancient or modern
times-will bui,n, equip, own and control the
Western Hair OF this Through Line, the most
productive, favored, and valuable portion OF tho
whole, and may Justly be regarded As possessing
the richest franchise ever granted on this CONT
nent
The Act Of Congress conters upon the Corpo-
rations, besides the right Of way across the Ter
ritories gift Of H. $40 acres OF the public lands
per mile, contiguous 10 this limo, and an appro-
priation from the National credit Of sixty NIL.
LIONS in TYR eENr. BoNDs, Delivered rs tho
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 q small per oentage of their net earn.
ings; they therefore, consulate an element Of
great strength 20 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, trAich
shall be The first claim upon he OA0le ralyoad prop.
erty, and % tchich The lien Of the Government shall
be subordinate "a n means Of moro readily sccur.
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 SEMr NATIONAL
Work, aided and commended by the people, the
Legislative power, and the Executive officers
though its management In administered Uih all
he care aud fOrethough n S most erninSnt prrdts
corporations. Being under the constant super
yinlon Of the Government-who, being the prtn'
cpal creditor, accepts subordinate and contin'
gent lien-with 40 large M amount Of addition
al capital also invested In the property pledged,
IL is believed that no securities now offered In
the market possess tho sane claims "a comb
denco and market vEluo, except those Of the
Government.
Under these favoring auspices very grati,y
progress has been made In extending the railroad
track frum both directions. Nearly 100 miles
of the Main Line and converging Branches DO
tween the Missouri River and tho base of the
Rocky Mountains have been built within three
years. Tue CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried tho Main
Stem Line from the steamboat navigation Of the
Pacific 10 the SUNNI: of the Sierra Nevada, and
into the Great Salt Lake Basin east Of tho Call.
fornia line. Having overcome by far the most
difficult and expensive portion OF the whole
line the probabilities Of tho through connection
with tho Eastern lines being effected In is7O
amount almost 10 certainty.
The prominent feature IN the progress Of tho
CENTRAL PA IFIC RAILROAD Ia the remarkably
large and profitable Local business which IL de-
yeloped upon the completed portion, more than
iustifying the estimates Of its pIOiectOrs-that
the immense traffic between the ports Of Cali
fornia and the mining regions OF tho int'' OF
would sustain hrst-class 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, reaches nearly two
millions In gold, and this ratio will be doubled
during the coming season, when the entire
mountain transit IL made by the locomotive
With every extension Of the track, tho business
and profits Of the completed part are increased
80 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
parallel and its securities appreciated CORES
pondngy. Tho CENTRAL PACIpc RAnRsAD
COMPANY offer for sale thelrFftST AA.e.DIi 1is
THIRTY YEAR SIX PR CENT. GOLD
BIO " ID s, and submit 20 Investors tho
following, among other obvious considora-
tons; aud invite the comparison with the merits
and oIceencies Of any class OF Corporate So
eurities:
]. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel Of
communication on the continent.
II. The local settlement and business ther ..
from il remarkably large and profitable, and
must constantly Increase.
III. The hardest part Of the road IL now
built and the remainder will be rapidly carrie
! forward over the Salt Lake Plains.
! ". The greatest part Of the means necessary
4 10 build the road II provided by the u, y. Gov
eminent upon n subordinate lien.
V. The State and chief cities Of California
have contributed upward Of 100000 10 the
enterprise without lien.
VI. The grant Of land IL dnstised st an early
day ~ prove Of far greater market value than
the total Of the frat 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 Ia coin.
| VIII. The management Of this company Ia,
been in the highest degree prudsnt and frugal
and interest II devoted 70 construction purpe
So.
TX. The interest liabilities Of the eompan,
are even now lea than third the net earInp
upon the road pledged.
X. Both Principal and InL>rest are psvaJL q
Gold, under special proyisiOns Of both SatiOua
and STATE enactment.
The bonds are In sums Of 1900 each will
ssGni-auuual gold coupons attached, and are OF
fered for sAle At % per cent Of their par Taine
and accrued interest frUn Jan. J. adaed' IN cur
I rency.
The hack interest Il charged at sir par cent
In eurreUeV though repaid In full IN goh' a
this time they yield nearly
yIyg PER CENT UPON THE INVEST
BggT.
These bonds bid fair 20 stain the most prom
insnt position among the r0nspeculatiTe In
vestmsnts Of the country, and win be aStivel
dealt In q, the msney-ceDtres 10 Europe.
Il Holders Of Government securities have an or
pOrtunity Of exchanging them for Central r
cise Bonds bearing equal rate Of Interest
with the principal vel secured, and Of
REALIZING 4 PROFIT OF TEN TO m
TEEN PER CENT IN ADDITION
r Ordsrs sent with the funds through respons
bic Banks or Express Companies WIN reos5t
prompt attention. Bonds ssnt By retnIh -.
pres. 20 any address in the United stAtssl
0ur cost Information, Descriptive panpH.ssss -.
Naus &c frruise1 application 2, tns ~.
Z Of the Railroad Company. 10. ~ "''''-'
. street, and Of
FISK Il HATCH,
Bankers and Dealers in GS,srnnsp' eu nv