The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-26
Principal & Interest in Gold Coin
Central Pacific Railroad First
Mortgage Bonds.

II ia commonly known that the General Gov;
ernmout, for wise purposes has given us ala
and encouragement TO the construction OF one
MAIN THROUGH LINE OF RAILROAD from the IA
cifc Ocean across the Territories 10 connect
with the yarious Eastern BranGhes OF the Pa
cifc Railroad system and which will form the
GRAND TRUNK ROUTE TO the Far west,
upon which the mighty trans-cOntinental trafhc
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IT forward Win
shown in any similar work in ancient or modern
times-wil build 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 TINS CONT
nent.
The Act of Congress conters upon the Corpo'
rations besides the right Of way across the Ter
ritores gift of ~ sOO acres OF the pubic lAnus
per mile, contiguous TO this line, and en- apprO'
| nriation from the National credit OF Sixty MIL
! lions in 6 FER CENT. RoNDs, 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 oil the
| Roads. a
inEs; 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, ThIeh
shall be the first claim upon me irhoIe Tdtrodd prep
srtJ and 10 tchich the lien Of the Government hau
| be subordinate, as q means OF more readily secur
ing the remaining half of the capital for the con
| stTuction; the equipments, &c, being provided
| ont of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD is there
| fore in an important sense, SEhl'NAIloNAL
| WORK, aided and commended by the people, the
| Legislative power and the Executive officers
| though its management is administered uih an
the care aud IorethOug Of the most eminent prlrdf
corporations. Being under the constant super
| vision of the GOvernment-who, being the prln
| cipal creditor accepts subordinate and contin-
| cent licn-with so largo an amount Of addition
! al capital also invested in the property pledged
| il is believed that no securities now Oncreu IN
| the market possess the sane claims to conn
dence and market value, except those OF the
Government.
! Under these favOrihg auspices very gratifying
progress has been made in extending the railroad
| track from both directions. Nearly 100 miles
| of the Main Line and cOnverging branches ne
| tween
| Racky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD mas
also stoodily and successfully carried th" Main
Stem Line from the steamboat navigation oil ths
Pacific to the summit of the Sierra Nevada and
| into the Great Salt Lake Basin east OF the Can.
| fornia line. Having overcome by far the most
! difficult and expensive portion OF the "ho'e
| line the probabilities of the through connection
with the Eastern lines being elected IN l7V
amount almost TO certainty.
The prominent feature in the progress of the
| Central Pacific RAILROAD is the remarkably
! large and profitable Local Business when Is ue
! yeiopcd upon the completed portion, moro than
! iustifying the estimates Of its pIolect0rs-that
| the immense traffic between the ports OF Cali
| fornia and the mining regions OF the init or
would sustain n tirst-class railroad line, even II
! the overland connections were not built. Inc
net profit upon operating the link oil less IMAM
| one hundred miles, thus far, reaches nearly TWO
millions in gold; and this ratio VIII be doubled
| dnring the coming season, when the entire
mountain transit is made by the locomotive.
! With every extension Of the track, the business
/ and profits of the completed part are increased;
| so that when the overland through traiIc shall
| be conferred upon the CENTRAL ROAD, the gen
/ cral prosperity of the company will be without
| parallel, and its securities appreciated cores
/ pondingly. The CENTRAL PACIFIC RAILROAD
! COMPANY offer for sale theirFlkST MORTGAGE
| THIRTY.YEAR SIX PER CENT. GOLD
y
following. among other obvious considera
| tiOns: and invite the comparison with themerts
and excellenCits of any class Of Corporate Sc
| curtics
I. These Bonds are based upon the most vital
! and valuable part of the Grand National Pacific
Railroad soon 10 become the main channel oil
! communication on the continent.
I nd I,,4 lap
| from is remarkably large and profitable and
must constantly increase.
III. The hardest part Of the road is now
buirt. and the remainder will be- rapidly carried
forward over the salt Lake Plains.
". The greatest part Of the means necessary
10 build the road is provided by the U. 5. Gov
eminent upon a subordinate lien.
V. TIE State and chief cities Of California
have contributed upward Of g Oo0OOO to the
enterprise without lien.
vi. The clant of land Is destiped at an early
day 10 prove of far greater market yalne than
the total of the first mortgage bonds issued
upoh the road and equipments.
VII. This road les altogether among the gold
and slverproducing regions and It's 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 to construction purpo-
ses.
| TX. The interest liabilities Of the company
are even now less than third the net earnings
upon the road pledged
| Y. Both Principal and Interes are pdyObk ia
/ Gold under special provisions OF both Sationai
/ and state enactment.
The bonds are in sums Of $1,000 each, with
semi-aunual gold coupons attached, and are Of
fered for sale at % per cent. Of their par value
/ and accrued interest from Jan. /, added in cur
rency.
The back interest Is charged at ak per cent.
in currency. though repaid in full in gold. At
this time they yield nearly
NINE PER CENT CPOy The INVEST.
NEYT
These bonds bid fair TO attain the most prom
inent position among the non-sPeculative In
yestments Of the country, and will be actively
dealt in at the msney-eentres In Europe.
Holders OF Government securities have an op'
portunity OF exchanging them for Central Pa
cffc Bonds bearing an equal rate Of interest
with the principal we'll secured, and Of
REALIZING A PROFIT OF TEN TO FLF
TEEN PER CENT ~ ADDITION
Orders sent with the funds through reSponsi
BILE Banks or Express Companies Will receive
prompt attention Bonds ssnt BY return *
nress 10 auy address in the Cnitsd states, a
our cost. information Descriptive Pamphlets
Mar, &C, furnished on application al the ofic'
Z 70 tlw~