The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-29

cihc Ocean across the Territories 70 connect
with the various Eastern branches OF the Pa
cidc Railroad system, and which will form the
GRAND TRUNK ROUTE 90 the Far West,
upon which the mighty tranScOntinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whO are carrying il forward with
greater energy and persistence than was ever
shown in any sipilar work in ancient or modern
times-will bui'a, 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 rs possessing
the richest franchise ever granted on this CONT
nent.
The Act of Congress cOnCers upon the COrpo-
rations, besides the right Of way across the Ter
ritories gift Of I2 sO0 acres OF the public lands
per mile contiguous TO this line and Gn appTo.
pTiatiOn from the National credit Of sixty MIL
LIONS in FIR 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 course
Of years by the Transportation services OF the
Roads, and q small per centage OF their net earn.
ings; they, therefore, constitute an element Of
great strength TO the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, lchieh
shall be the first claim upon the choS railroad prop.
erty, and 10 t0hieh The lien Of The Government ShdH
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, . SEMI-NATioSAL
Work aided and commended by the people, the
Legislative power and the Executive officers,
though its management Ia administered toih al
the care and Jofehottgh Of the nGSt entsient pirate
corporations Being under the constant super
viOiOn Of the Goyernment--who, being the prin'
cipal creditor accepts subordinate and cOntin.
gent lien-with 20 large an amount OF addition
al capital also invested In the property pledged
10 Is believed that no securities now offered IN
the market possess the sane claims TO comb
dence ed 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 c0nvergng branches be-
tween the Missouri River and the base OF the
Rocky Mountains have been bnilt within three
also sreaShS GES TRAt P4SiFIc RAiIEoAp has
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 the Eastern lines being effected in 1870
amount almost 10 certainty.
The prominent feature In the progress of the
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which Is do.
veloped upon the completed portion, more than
iustifying the estimates of its pIojectors-that
| the immense traffic between the ports Of Cali
fornia and the mining regions Of the int or
would sustain hrst-Class railroad line, even II
| the overland connections were 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 the entire
mountain transit Ia made by the locomotive
With every extension of the track, the business
and profits Of the completed put are increased
| so that when the overland through traffic Ahall
| be centered upon the CENTRAL ROAD, the gen
eral prosperity of tho company will be without
parallel, and its securities appreciated cores
POndingly. The CENTRAL PACIFIC R Raj ,! !,
COMPANY offer for sale theirFIkST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS and submit IN Investors tie
following, among other obvious cOnstlera-
tons; and invite the comparison with the merits
and eIcellencies of any class OF Corporate &C.
Gurities:
J. These Bends 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.
H. The local settlement and business ther ..
! from Is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road Is now
built, and the remainder will DO rapidly carrie d
/ forward over the Salt Lake Plains.
| w. The greatest part Of the means necessary
| To build the road Ia provided by the L. y Gov.
eminent upon n subordinate lien.
V. The State aud chief cities of California
have contributed upward Of tjOO0,Gb 10 the
enterprise without lien.
VI. The grant Of land il destiRed at an early
! day 10 prove Of far greater market yalne 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 the highest degree prudent and frugal
and the whole surplus after payment OF expense
and interest Is devoted 10 construction pnrPs
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 Tntrr,R ar, pdyaLk IL
Gold, under special provisions Of both Nationa
and State enactment.
The bonds are In sums Of 1900 each. Will
semi-aunual gold coupons attached, and are Of
fered for sale At 95 per cent. Of their par value
and accrued interest from Jan. !, ADDED, In cur
Iency.
The back interest is charged At ak per, cent
in currency, though repaid in full In gold A
this time they yield nearly
NINE PER CENT. UPON THE IgvES7
I NEYT
These bonds bid fair 10 attain the most prom
ineut position among the nonTReculative in
yestments Of the country, and win be sRtiyel
dealt In az The msDey tres In Europe.
Holdsrs OF Government securities have 40 op
portunity OF exchanging them for Central p
lci6e Bonds bearing an equal rate Of interest
With the principal well secured, and Of
REALIzIyG A PROFIT OF ZEN TO FL
\ TEEN PER CENT. IN ADDITToS.
} Orders ssnt With the fsnds through Tespons
BILE Banks OF Express Conpanies VIII receiv
-prompt attention Bones ssnt By return q
lprezs - any address In the United states, Z
2 o1T cod InfofYstion, Descriptive pamphlet
4 Maps, Ge., furnished on application 81 the ofiC
! q the Railroad Company, No. 81 WilhAi
street, and Of 49,.
FISK Il HATCH,