The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-08
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

The attention OF Investors, TT stees, Exeeu'
tors. and others desiring an unui lally safe re-
liable and profitable form Of permanent invest
ment, is called to the advantages and assurances
Of the
Central Pacific RaiIrOad First
Mortgage Bonds.
II is commonly known that the General GOV;
ernmaut, for wise purposes has given It's aiu
and announcement TO the construction OF one
MAIN THROUGH LINE or RAILROAD from tue "a
citic Ocean across the Territories 10 connect
with the various Eastern brahshes OF tne "a, "a
cific Railroad system, and which VIII form the
GRAND TRUNK ROUTE TO the Far wet
npon which the mighty trans-continental traihc
viii concentrate.
The CENTRAL PACIFIC RAILROAD
COAfPANY-who are carrying IL forward WIN
greater energy and persistence than was ever
shown In any similar work in ancient or modern
times-will build, equip. own and control the
Western Half OF this Through Line. the most
productive favored. and valuable portion OF tue
whole, and may justly be regarded as possessing
the richest franchise ever granted on this CONT
nent.
The Act oil { ongress cOn(-rs upon the CoTpo-
rAJious besides the right Of way across the Ter
ritories. gift of IL sou acres OF the public lands
per mile contiguous to this line and Gn apprn'
priation from the National credit OF SINll NIL
LIONS in q FER CENT. BONDS, delivered rs the
work progresses; OF half the estimated cost OF
the Through Line and Branches. These SnO-
sidy bonds the company may cancel IN course
of Years by the Transportation services OF the
Roads, and small per centage Of their net carr.
inCs; they therefore, constitute IN element oil
great strength TO the corporations.
The Act further authorizes them 10 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations Thieh
shall be the first claim upon The irhOe ralTodd prop
erty, aud 10 irhich the lien Of he Government ShaH
be subordinate, u means of more readily seenr'
ing the remaining half 0i the capital for the con,
stTuction: tho equipments, &c being provided
ont of the capital stock subscriptions aud other
sources.
The great CENTRAL PACIFIC RAILROAD is there
fore in an important sense, SEMi'NAIlONAL
legislative power and the Executive officers,
though its management is administered Utth al
The care aud Ioreihouqht Of he most cHmrt pirate
corporations. Being under the constant super
vision of the GOycrnment-whO, being the prln'
cipal creditor acCeptsa subordinate and cOntin'
gent lien-with 81 large an amount OF addition
al capital also invested in the property pledged
II is believed that no securities now offered IN
tho market possess the sane claims 10 conn
drncc and market value. except those Of the
Government
Under these favoring auspices very gratifying
progress has been made ineXtendiDg the railroad
track from both directions Nearly 1000 miles
Of the Main Line and COnvcrgiug Branches be.
tween the Missouri River end 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 l. inc from the steamboat navigation oil the
Pacific To the summit of the Sierra Nevada, and
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 tho Eastern lines being effected in 1870
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL Pacific RAILROAD il the remarkably
large and profitable Local Business which is de.
velOped upon the completed portion, moro than
iustifying the estimates of its pIOiectors-that
the immense traffic between the ports Of Cali
fOrnia and the mining regions of the int or
would sustain a frst.cllss railroad line, even il
the overland connections were not built The
net profit upon operating the link of Less than
one hundred miles, thus Tar, reaches nearly two
millions in gold: and this ratio will be- doubled
during the coming season. when the entire
mountaa transit il made by the locomotive.
With every extension Of the track the business
and profits Of the completed part are Increased;
~ that when the overland through traffic shall
he ceutered upon the CENTRAL ROAD the gen.
eTal prosperity of the company will be without
parallel, and its securities appreciated cores
pOndingly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale theirFIlSST MORTGAGE
THIRTY.YEAR SIN PER CENT. GOLD
BON DS, and submit TO Investors the
following, among other obvious cousidera-
tOns; and invite the comparison with the merits
and cIcellenCi's Of any class, OF Corporal" So
curi'ies:
J. These Bends are based up-R thu 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 there.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part OF the road is now
built and the remainder will be- rapidly carried
forward over the Salt Lake Plains.
to build tho road il provided by the L. :. Gov
eminent upon a subordinate lien.
V. TIE State aud chief cities Of California
have contributed upward OF s3OVO,0W TO tho
enterprise without lien.
VI. The giant Of land is desti7ed at an early
day to prove Of far greater market value than
the total Of the first mortgage bonds issued
upoa the road and equipments.
VII. This road lies altogether among the gold
and silvcr-producing regions and its revenues
are received in sOin.
VIII. The management OF this company has
been in the highest degree prudent and frugal.
and the whole surplus after payment oi expense
and interest, Is devoted TO construction purpo-
ses.
are even now less than a third the net earnings
upon the road pledged.
Y. Both Principal ard IHtSTesi ayc PAYABLE 10
Gold, under special provisions Of both National
and State enactment.
The bonds arc Ia sums OF 1900 each. with
semi annual gold coupons attached, and are OF.
fered for sale AZ 95 per cent. OF their par value
and accrued interest from Jan !, added in cur.
rcncy.
The back interest Is charged II six per cent.
in currency, though repaid in fall In gold. At
this time they yield nearly
STYE PER CENT UPON THB INVEST.
NEWT
These bonds bid fair to attain the most prom.