The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-25
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

Il Is commonly known that the General Gov
ernmsnt for wise purposes has given its aid
and encouragement TO the construction OF one
MAIN THROUGH LINE Oh RAILROAD from the Pa
citic Ocean across the Territories 70 conuec,
with the various Eastern branshes Of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE to the Far West
upon which the mighty trans continental trafie
viii concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying it forward with
greater energy and persistence than was ever
shown In any similar work In ancient or modern
tmes-will buLn, equip, own and control the
Western Half OF this Through Line. the most
productive, favored, and valuable portion OF th
whole, and may Justly be regarded as possessiul,
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
rtOries gift OF - 800 acres OF the public lands
per mile contiguous 10 this line, and an appro
priation from the National credit OF SIXTY NIL.
LIONS in PR eENr. BONDS, delivered ~ tho
work progresses; or half tho estimated cost OF
the Through Line and Branches These Sub
sidy bonds the company may cancel in a course
Roads, and small per centage Of their net earn
ingS they, therefore, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations 'ch'cL
shall b. the first claim upon The SohOLs railroad prop
erty and % Iohich The lien Of the Government shall
be subordinate, as means OF moro readily secur
ing the remaining half Of the capital for the con
struction; tho equipments, &c, being provided
ont Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD il there
fore, In an important sense, n RNI.NATioSAi
WORK aided and commended by the people, the
Legislative power, and the Executive otiieer
though Its management Ia Administered Nth al
the care and JorethOuJht Of S most eminent priGdt'
corporations. Being under the constant super
viBiOn Of the Goyernment-who, being the prin
cipal creditor, accepts q subordinate and c0ntin'
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 Ia
tho market possess tho sane claims To conf.
dence and market value except those Of the
Government.
Under these favoring auspices very gratifying
progress has been made in extending the railroad
of the Main Line and oonvcrgiDg Branches he
tween the Missouri River and the base Oi tn,
Rocky Mountains have been bnilt within three
years. The CENTRAL Pacific RAILROAD has
also steadliy and successfully cartind tho Main
Stem Limo from tho steamboat navigation OF thu
Pacific to the summit Of tho Sierra Nevada, an,
into the Great Salt Lake Basin east OF the Cali
iornia line. Having overcome by far the mos
difficult and expensive portion of the whole
line, the probabilities Of the through cODnectioI
with tho Eastern lines being effected In ls,l
amount almost 10 certainty.
The prominent feature in the progress Of th
CnHrpeL pa IpIo RAunoAD 10 tho remarkable
large and profitable Local Business which IL ID
veloped upoH the completed portion, more thai
iustifying the estimates u its pIojeCt0rs-tha
the Immense traffic between the ports Of Cali
fornia and the mining regions OF the int,I o
would sustain hrst-class railroad line, even l
the overland connections were not built. Tn
net profit upon operating tho link Of less thai
one hundred miles, thus Tar, reaches nearly tw'
millions In gold and this ratio will be doubles
during the coming season, when the entir
mountaia transit Il 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 traffic shal
be centered upon the CENTRAL Roam, the gen
| eral prosperity Of the company will be withou
parallel and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAILReA
COMPANY offer for sale theirFIhST M0RTGA Gl
THIRTY YEAR SIX PER CENT. COLL
BONDS, and submit 70 Investors Ia
following among other obvious oonsidcra
tons; and invite the comparison with the merit
and excellencies Of any class OF Corporate 81
eurities;
/. These Bends are based upon the most vita
| and valuable part Of the Grand National Paeib
Railroad soon 10 become the main channel q
communication on tho continent
III. The local settlement and business Their
from ia remarkably large and profitable, an
must constantly increase.
III. The hardest part If the road is no.
built, and the remainder WIN DO rapidly carrie
forward over the Salt Lake Plains.
| ". The greatest part Of the means neoessar
to build the road is provided by tho u. b. Got
eminent upon q subordinate lien.
v. The State and chief cities OF Californi
have contributed upward Of t3,WO,OO0 20 N
enterprise without lien.
| VI. The grant Of land IL destined NJ an earl
day TO prove Of far greater market vlae ina
i the JOLal OF the Hrht iuOtbkako UDhnS heS"N
upon the road and eluipments
VII. This road lies altogether among the COL
and silver.producing regions, and its rcyenu'
are received In coin.
1 VIII. The management Of this Company h
been in the highest degree prudent and fruga
and the whole surplus, after payment Ut eIpcn
and interest, Is devoted 20 construction purp
ses.
TX. The interest liabilities Of the eompar
l are even now Iess than third the net eariiin
upon the road pledged
\. Both Principal aud IntSTrst ar, pdyaLts
God. under special pr0yisions Of both Nation
| and state enactment.
The bonds are In sums 81 500 each, vi
semi animal gold coupons attached, and arc
! Grred for aale AZ % per cent Of their par yalu
and accrued interest from Jan. ]. added, In ca
rency.
The hack interest Is CHARGED AZ sir per eel
I'm cuTT1nev though repaid la full In gold.
this time they yield nearly
NINE PER GEM. UPOS THE WyEI
MEyT
Ib,sa bonds hid fair 10 attain tbe m"st pro
insnt position among the Donspeculaiiye
vestments Of the country, and sill be asty'
dealt in At the Money -oeDtres IN Europe
Holders Of Government ssenfiiiss have an
p0rtuhity Of exchanging them for Csnfr.i
eihe Bonds bearing an equal rate OF lSts'e
with tho principal we'll secured, and Of
REA LIKING A PROFIT or TEN TO y
TEEN PER CENT IN ADDITION
,rary. sent with the fnDas through Tsspo'
I, = RxurRea Commando will rece