The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-18
INVESTMENT.
Principal & Interest in Gold Coin,
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
Ii is commonly known that the General Gov.
eminent, for wise purposes, has given its Aid
and encouragement 10 the construction of one
MAIN THROUGH LINZ OF RAILROAD from the Pa.
citic Ocean across the Territories 70 connect
with the various Eastern Branshes Of the Pa.
cifc Railroad system, and which will form the
TRUNK ROUTE 10 the Far West,
upon which the mighty traRs-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying IL forward with
greater energy and persistence than was ever
shown in any siplilar work in ancient or modern
ttmes-will buila, 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.
ritores gift Of L. 800 acres OF tho public lands
per mile, contiguous TO this line, and en- appro-
priation from the National credit Of sixty MIL.
LIONS in FER CENT. BONDS, delivered rs the
work progresses; OF half the estimated cost of
the Through Line and Branches. These Sub
,idy bonds the company may cancel in course
II years by the Transportation services Of the
Roads, and small per centage Of their net earn
ngs; they, therefore, consulate an element Of
great strength 10 the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations Ichteh
'hdu be The first claim upon The tohole railroad prop
'rty and 10 tchicA the lien Of the Government shall
be subordinate, rs q means of more readily secur.
ing the remaining half Of the capital for the con
,truction; the equipments, &c, being provided
put Of the capital stock subscriptions and other
sources
The great CENTRAL Pacific RAILROAD Is there
fore, in an important sense, q SEaI.NATIoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management IL administered Uih al
he care and Jorethough Of ths most eninei PIRATE
Being under the constant super
viSion Of the Government-who, being the prin
cjpal creditor accepts subordinate and contin
gent lien-with 40 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 the sane claims TO conf.
ience and market value, except those Of the
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 the Missouri River and the base OF the
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 the
Pacific TO the summit of the Sierra Nevada aud
into the Great Salt Lake Basin east of the Call.
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 $50
Amount almost 10 certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIc RAILROAD Ia the remarkably
large and profitable Local Business which IL de-
veloped upon the completed portion, more than
iustifying the estimates Of its PROFESSIONALISM
the immense traffic between the ports Of Cali
fOrnia and the mining regions Of tho int, OF
would sustain q frst-class railroad line, even 10
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, Tins far, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
transit Is made by the locomotive
With every extension of the track, the business
and profits Of the completed part are increased;
30 that when the overland through traihc shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and It's securities appreciated CORES.
The CENTRAL Pacific RAILROAD
COMPANY offer for sale theirFIhST M0RTG AGE
SIX PER CENT. GOLD
BONDS, and submit 10 Investors tie
among other obvious Consldera-
tons; and invite the comparison with the merits
and eTcellenciss Of any class OF Corporate sc
eurities
!. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel OF
on the continent
ii. The local settlement and business Their @
from Ia remarkably large and profitable, and
must constantly increase.
III The hardest part Of the road il now
built, and the remainder will he rapidly carrie
forward ever the Salt Lake Plains
". The greatest part Of the means necessary
to build the road il provided by the L. :. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward ~ $1,000 TO the
enterprise without lien.
VI. The grant Of land il destined at an early
day % 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 ba,
been In the highest degree prudent and frugal
and the whole surplus after payment OF eIpenS'
and interest, il devoted 10 construction purPe
ses.
TX. The interest liabilities Of the company
are even now less than 4 third the net earning
upon the road pledged.
Y. Both Principal and IHtSreH ar, paydtL u
Gold, under special provisions Of both Sationa
and state enactment
The bonds are 10 sums Of 5000 each. viii
semi annual gold coupons attached, and are Of
fered for sale at % per cent. Of their par value
and accrued interest from Jan. D. ADDED, In eur
rency.
The hack interest Ia charged At six per cent
In currency though repaid In full In 9Oh A
this time they yield nearly
NINE PER CENT. IRON THE WVES7
NEWT.
These bonds I'D fair TO attain the most 2ron
!nsnt position among the noB-Eysculatiys IN
vestments OF the country, and viii be astiyel
dealt In AZ the mspeyeeDtres in Europe.
Holders Of Government securities have an OF
portupity Of eIchaI gfng them for Central j
cihc Bonds BEARING an equal rate Of Lntsrest
with the principal well secured, and Of
REALIZING A PROFIT or Ten TO m
TEEN PER CENT IN ADDITION
Orders sent with the FUNDS through reSpops
he Banks or Express Coupaaies viii reftiy
urompt Attention. Bonds ssnt by return Z
press 20 any addrsss in the United States,
oar cost INFORMATION, Descriptive pzmpbiss
n.