The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-12
Central Pacific Railroad First
Mortgage Bonds.

II is commonly known that the General Gov.
ernmout for wise purposes, has given its aid
and encouragement 10 the construction Of one
MAIN THROUGH LINE or RAILROAD from the Pa.
cihc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty traRs-oontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown IN any SIMILAR work in ancient or modern
times-will builn, 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 conters upon tho Corpo-
rations besides the right of way across the Ter.
rtories, gift of l2sO acres OF tho public lands
per mile, contiguous 10 this limo, and an appro-
priation from the National credit of SIXrI MIL.
LIONS in PKR CENT. BONDS, delivered tho
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 tho Transportation services of the
Roads, and a small per oentago of their not earn
ings; they therefore, constitHto an element Of
great strength 20 the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, ohich
shall be the Grst clam upon te iohOIo railroad prop
erty aud % tchich DC iisJI Of Us Government shall
Be subordinate, n means of more readily sccur'
ing the remaining half Of the capital for the con.
III. l.a.as. l..N
out of the capital stock subscriptions and other
sources
The great CENTRAL Pacific RAILROAD Is there
fore, In an important sense, n SEhn NATIONAL
WORK, aided and commended by the people, tho
Legislative power, and the Executive officers,
though its management Is administered Eih all
The care aud JOrcthOUgh ~ Nc most eminent pirate
corporations. Being under the constant super
vi1lOn of the GOvernmcnt-who, being the prin'
Cipal creditor, accepts a subordinate and contln'
gent lien-with 80 large an amount Of addition.
al capital also invested I'm the property pledged,
10 Is believed that no securities now offered IN
tho market possess the sane claims 20 conn.
dence aud market value, except those of tho
Government.
Under these favoring auspices worry gratifying
progreas has been made In extending the railroad
track from both directions. Nearly 1000 miles
OF the Main Line and conyerging Branches be.
tween the Missouri River and ths base of this
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAnROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation OF tho
Pacific 10 tho summit Of the Sierra Nevada and
nto tho Great Salt Lake Basin east Of the Cali
fornia line Having overcome by far tho most
difficult and expensive portion OF the whole
line the probabilities Of the through connection
with tho Eastern lines being effected In ls1O
amount almost to certainty.
Tho prominent feature In tho progress Of the
CENTRAL PA rIC RAILROAD h tho remarkably
largo and profitable Local business which h de.
velOpod upon the completed portion, moro than
iustifying the estimates Of its pfoicctors-thnt
the immense traffic between tho ports Of Cali.
fOrnia and tho mining regions Of the int,' or
would sustain hrstclass railroad line, sven II
the overland connections were not built Tho
net profit upon operating tho link Of less than
one hundred miles thus far, reaches nearly two
millions I'm gold: and this ratio win be- doubled
during tho coming season, when tho entire
mountain transit IL mads by the locomotive.
With every extension Of the track the business
and profits Of the completed part are increased,
40 that when the overland through traffic shall
be ccntsrod upon tho CENTRAL ROAD tho gen.
cral prosperity Of tho company will be without
parallel, and it, securities appreciated CORES.
pondingly. Tho CENTRAL PACIFIC RAILROAD
CoMPANY offer for sale thcirFflIST MORTGAGE
THIRTY.YEAR SIX PR CENT GOLD
BONDS, and submit TO Investors tho
following, among other obvious cOnsidora-
and cxoollencies Of any class Of Corporate So
Suutios'
I. These Bonds are based upon the most vital
aud valuable part Of the Grand National Pacific
Railroad soon 10 become tho main channel Of
communication on the continent
II. The local settlement and business there.
| from Il remarkably largo and profitable, aud
must constantly increase.
III. Tho hardest part Of the road In now
| built and the remainder will b. rapidly carrie d
/ forward over the Salt Lake Plains.
" The greatest part Of the means necessary
| To- build the road IL provided by tho U. >. Gov.
crnmont upon a subordinate lien.
V. Tho State and chief cities Of California
have contributed upward Of sJ,DJO,OJJ 10 the
enterprise without lien.
VI. Tho grant Of land II destined At an early
day tO 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 rogiOns, and it, 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, 10 devoted 10 construction purps
ses.
/ TX. The intsrest liabilities Of tho company
| are even now less than third the net earrings
upon the rad pledged
X Both Principal and IHi,rest are paydlk IN
Gold, under special provisions Of both National
and State enactment
The bonds are IN sums Of 1900 each, With
semi-aun gold coupons attached, and arc Of
fered for sale AZ - per cent Of tbslI par Vhns'
and accrued interest from Jan. J. adaed, I'D cur
T rency.
The back interest l. CHARGED at ak per. cent
! In currency, though repaid IN iuII IN y'd'
dis time they yield nearly
! yJyg PER CENT IRON THE INVEST
NRST.
These bonds bid fair 70 attain the msst prom.
lnsnt position among the nOn-s eulatiTs In.
ve-tments Of tho country, and will b. actively
dealt IN AZ the msnsy centres In Europe.
| Holders Of Government securities have an Op.
DOrtunity Of exchanging them for Central Pa
cihc Bonds bearing an equal rate Of interest
with the principal well secured and Of
REALIZING A PROFIT or TEN TO Pr
TEEN PER CENT. IN ADDITION
n Orders sent with the funds through responsi'
bic Banks or Express Companies rln Ieo11se