The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-13

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cifc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty traRScontinontal traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whoa are carrying il forward with
greater energy and persistence than was ever
bui'r, 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 cOnCers upon the COrpO.
besides the right of way ACROSS the Ter.
gift Of II sou acres OF the public lands
per mile contiguous 20 this line and TN appro-
priation from the National credit Of Sixty NIL.
LIONS in PER CENT. BONDS, delivered "A the
work progresses; or half the estimated cost OF
the Through Line and Branches. Those Sub
sidy bonds the company may cancel in a course
of years by the Transportation services Of the
Roads and q small per centage of their net earn
ings; they, therefore, consulate an element Of
great strength TO the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, iChich
shall be the first claim upon the tchOlC railroad prop
srty and % Ichich The lien Of he Government shall
be subordinate, as a means Of more readily secuT
ing the remaining half Of the capital for the con.
stTuctiOn; the eQuipments, &c, being provided
out of the capital stock subscriptions and other
The great CENTRAL PACIFIC RAILROAp ia there
fore In an important sense, q SEMINATloNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered 10Th all
The care and JOrehOugh Of Ns most eminent PIRATE
corporationS Being under the constant super
viUiOn of the Goyernment-who, being the prin'
cipal creditor, accepts subordinate and contin-
gent lien-with 80 large an amount Of addition.
al capital also invested in the property pledged
IL Is believed that no securities now offered In
the market possess the sane claims Ia conf
dcncc and market value except those of the
Under these favoring auspices very gratifying
progress has been made In extending the railruad
track from both directions. Nearly 1000 miles
of the Main Line and COnverging Branches be.
tween the Missouri River and the base of the
Rocky Mountains have been built within three
years. Tho CESTRAL Pacific RAILROAD has
also steadily and successfully CARVED the MR,u
Stem Line from the steamboat navigation of tho
Pacific TO the summit Of the Sierra Nevada, aud
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the iuOst
difficult aud expensive portion Of the whole
line, the probabilities Of the through connection
with the Eastern lines being effected in i-1n
amount almost 10 certainty.
The prominent feature in the progress OF the
CENTRAL PA IF1C RAILROAD IL the remarkably
large and profitable Local Business which IL de-.
velOped upon the completed portion, more than
ha fir,af NJ nj
the immense traffic between the ports of Cali
fornia and the mining regions of the int or
would sustain a frst-ClRss railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of loss than
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming seaAOD, when the entire
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 traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity Of tho company will be without
parallel and its securities appreciated cores
pOndingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIkST MORTG AGE
YEAR SIX PER CENT. GOLD
BON DIS, and submit 10 Investors TIE
following among other obvious oon-.dera-
tons: and invite the comparison with the merits
and eKcelenci's Of any class OF Corporate Sc
Gurties:
J. These Bsnds are based upon 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 aud business there
from IL remarkably large and profitable, and
must constantly incrcasS.
Ill The hardest part Of the road il nov
built, and the remainder will be rapidly carrie Il
forward over the Salt Lake Plains
". The greatest part Of the means necessary
u build the road ia provided by the L. :. GOV.
ernmcnt upon a subOr dinatc hen.
V. The State and chief cities of California
have contributed upward Of 5000. 90 {" the
enterprise without Hen.
VI. The grant Of land Is destined at an early
day 10 prove of far greater market valuo than
the total Of the frst mortgage bonds isSued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and ia revenues
are received In coin.
VIII. The management Of this company has
been In the highest degree prudent and fTuEa!
and the whole HurpluA after payment OF expense
and interest, Is devoted 70 construction purp0
ses.
TX. The interest liabilities Of the company
are even now less than third tbs net earnings
upon the road pledged.
Y. Both Principal and TRtere>t are pdyabk -
Gold under special provisions Of both Sati0nA
and state enactment.
The bonds are in sumo Of 5000 each, viii
semiSunual gold coupons attached, and are Of
fered for sale At % per cent. Of their par value
and accrued interest from Jan I, added, In cur
renCy.
The back interest IL charged A. six per cent
in currency, though repaid in fall IN god.
this time they yield nearly
NINE PER CENT UPON THE STRS7
HEST
These bonds Did lair 10 attain The mOet prom
inent position among the DOn-PAculative in
vestmenis Of tbs country, and viii b. astiTei.
dealt IN Al the msnsy centres IN Europe.
Holders Of Government securities have Al Op
portunity Of exchanging them for Central p
Cifc Bonds bearing an equal rate Of iBtsre-<
with the prineipal vel Escurcd, and q
REALIZING 4 PROFIT or TIN TO PTJ
TEN PER CENT. ~ ADDITION.
order sent With the funds through resp0nE
bic Banks or Express Companies win rsesiS
prompt attention. Bonds ssut by return II
/ pres % any address IN tie United states, =
our cost IDf0Tv-GtiOn, Descriptive pamphlet
Maps, Ee, furnished on application st tbe ono
Of The Railroad Company. No. - william
street, and Of
FISK q HATCH,
Bankers and DealeTsin Government SeeuTitis
and financial Agents Of the c. r T. n. 20.
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