The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-23
Central Pacific Railroad First
Mortgage Bonds.

1t Is commonly known that the General Gov.
eminent for wise purposes, has given its aid
and encouragement 70 the construction Of one
MAIN THROUGH LINZ oF RAILROAD from the Pa
chic Ocean across tho Territprics 60 connect
with the various Eastern Branshes OF the Pa
cine Railroad system, and which win form the
GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty traRs-coutinental traffic
will concentrate. F.fF#t
The CENTRAL, PACIFIC RAILROAD
COMPANY-who ars carrying 10 forward with
greater energy and persistence than was ever
shown in any siRlilAr work In ancient or modern
times-wtll 6uin, 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 oonfers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift Of II $40 acres Of the public lands
priAtion from the National s5sait OF sIrrJ MI,
LIONS in 6 PER eENr. BOMBS, delivered As the
work progresses; or half the estimated cos, OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel In q course
Of years by the Transportation services Of tho
Roads and q small per csntage Of their net earn.
ings; they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes tAem 10 issue IN
equal amount OF their own First Mortgage
Bonds Of corresponding deponlnations, VAieA
shdl be tie first claim upon ne toot railroad prop
eTty and % soAieh the hta OF TIE Government shall
be subordinate, q means of moro readily secur
ing the remaining half Of the capital for the CON
gu. ~ ~ .ro .tncS o,hsr
sources.
The great CENTRAL PAdHs RAILROAD Ii thcro-
fore, in an important sense, . SKh-NATioNAL
WORK, aided and commended By the people, the
Legislative power and the Executive officers
though its management is administered t0iA al
tie care aud Jorethough u Ia most sfaiast prirdse
corporations. Bong undor the constant super
viHiOn Of the GOvernmeDt-who, being the prin'
cipal creditor, accepts subordinate and oontin
gent lien-with so largo an Amount Of addition
al capital also invested In the property pledged,
il is believed that no securities now offered In
tho market possess the sane claims TO conn
dcnce and market vElue, except those Of tho
Government.
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 c0nverging branches DO
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
wears Tho CENTRAL. PACIFIC RAILROAD hss
| also steaduy and successfully carried the Main
Stem Line from the steamboat navigation Of tbs
Pacific 10 the summit Of tho Sierra Nevada, and
into the Great Salt Lake Basin east ofthe Cali.
| 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 1910
amount almost 10 certainty.
The prominent feature In the progress Of tho
| CESTRAL PA IF1C RAILROAD 10 the remarkably
| large and profitable Local business which IL do
veloped upon the completed portion, more than
! ustifying the estimates OF its Professionalism
| the immense traffic between the ports Of Cali
| fOrnis and tho mining regions Of tho inter or
| would sustain hrst-Class railroad line even II
| the overland connections were not built. Tho
net profit upon operating the link OF less than
one hundred miles thus far, reaches nearly two
| millions In goldI and this ratio viii BE- doubled
during the coming season. when the entire
mountain transit Il made by the locomotive.
With every extension Of the track the business
and profits Of the completed part arc increased;
40 that when the overland through traffic shAn
be- conferred upon tho CENTRAL ROAD. the gen
eral prosperity Of Tho company viii be without
parallel and It's securities appreciated eorres
pondngly. Tho CENTRAL PAcIYIc RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS and submit 20 Investors tls
tons; and invite the comparison with the merits
and oXcellencies Of any class Of Corporate 50
Gurities
!. These Bonds are based upsn the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel Of
communication on the continent
II. The local settlement and business there.
from Ia remarkably large aud profitable, and
must constantly increase.
| III. Tho hardest part Of the road IL nov
built, and the remainder viii be rapidly carried
! forward over the Salt Lake Plains.
~. The greatest part Of tho means necessary
70 build the road Is provided by tho U, .. Gov
eminent upon a subordinate lien.
V. The State and chief cities of California
have contributed upward Of tJ,OO0.oCO 10 the
enterprise without lien.
VI. The grant Of land Is destjaed at an early
day 20 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 has
/ been in the highest degree prudent end frugal.
/ and the whole surplus, after payment Of expense
ses.
! TX. The 'ntsrest liabilities Of tbs company
are even now les than = third the nst earIinEs
upon the road pledged.
X. Both Principal and Ini'TsIt AZ. payaeL .,
Gold, under special provisions Of both SstiooA
! and State enactment
The bonds are In sums Of tloeo each. vita
semi annual gold coupons attached, and are %
fered for sAle At % per cent, OF then pr Vho.'
and accrued interest from Jan. I. adsed. In cur
reney.
The back interest IL charged At air per 's.'
In currency though repaid 10 fnu 10 Sosa
this time they Yield nearly
v,yy PER oEEL UPoS TIE sTKsT.
KEgL
Thee bonds Nd fair 20 attain the rnoat proun.
iDeBt position among the n9DrIeeulatiTs In.
! yestmsnts Of the country. and Wln BE- AStiyely
! dealt In II The mSney centres in Europe.
/ Holders Of Government securities have an OBJ
J pOrtuuity Of exchanging then Tor Central Pc
. eihc Bonds bearing an equal rate Of interest
/ with the principal vel secured, and Of
REALIZING A PROFIT or TIN 10 yIY.
TEEN PER CENT IN ADDITION
4 Orders sent With the funds through responsS
bic Banks or Express Companies win roosivs
prompt attention. Bonds ssnt By return "a
press 70 any address In the United Ststssi -
our cost InfOrTr alton, Descriptive pAmpnls1,
/ Mana &c Furnished on application ~ re y.Deo