The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-28

/ with thr various Eastern tranShes IL the Pa
cifc Railroad system. and which viii form the
( GRAND TRUNK R0CTE - the Far West,
upon which the mighty trans continental traffic
! VIII Concentrate.
| The CENTRAIs PACIFIC RAILROAD
/ COAPANY-EhO are carrying u forward with
/ greater energy and persistenoe than was ever
! shown IL any Similr work in ancient OF modern
! tiInss-Vill build, EQUIP 0Eu and control the
( Western half Of this ThrOuEk Line the most
productive, favored and valuable portion Of thu
whole. and may Justly be regarded - possessing
the richest franchise ever granted on this conti
hent-
The Act Of Congress oOnfers upon he CSrpO-
I rations, besides the ughi Of way acrOss the Ter
ritOries gift Of y 800 Acres OF the public lAnAs
per mile contiguous to this line and IN hpprO-
priatiOn frOm the National credit Of sixty NIL
! LIuSs in FER CENT. EoNps, delivered ~ tbs
work progresses, or half the estimated cost al
! the Through Line and Branches These Sub
sidy bonds the company may cancel IN Q course
] Of wears bv the Transportation services Of the
Roads and 3 small per centage Of theirnet HArr.
iEgs; they. therefore, constitute An element Of
great strength 70 the corporations
The Act further authorizes them 20 Issue an
equal amount Of their own First Mortgage
\ Bonds Of corresponding denominations, sah'eA
sIGR b. The frEf niaiBs upon he trho3s railroad prop
erb and o Srkiek he Lien y the Government SHAH
b. subordinate, "a means OF more readily seeur.
ing The remaining half Of the capital for the con.
| structiOn; the equipmentA 6c, being prov
/ out Of the capital sock subscriptions and other
| sources
The great CENTRAL PACIFIC RAILRsAD 10 there
l fore In An important sense, . SENl- NATIONAL
| WORK Hided and commended by the people, the
Legislative D0WeE and the Executive officers,
] 81 ~h fra IA
TIC cdye end J0resOUgli II The DsoH eminent pTTrdts
eoTpOru60nJ Being under the constant super
WHOM Of the Government-Whs, being the pm
cipal creditor. accepts . subordinate and o1niin-
! gent heD-Eith 30 large an amount Of addition
/ a. capital also invested in the property plsdgcd
| it is believed that no securities now offered IN
! The market possess the sane Chains % cOnt
dance and market valne, except those Of the
! Government
1 Under these fAvOTinE auspices very gratifying
progress hasbeeu made In extending the railroad
track from both directions Nearly 100 miles
I Of the Main Line and oOnvergiBg Branches be
tween the Missouri River and the base Of the
I Rocky Mountains have been built within three
tyesrs The CENTRAL PACIFIC kAILEoAp has
also steadily and successfully carried the Main
Stem llne from the steamboat navigation OF ths
PAcihr 10 the summit OF the Sierra Nevada. and
into The Great Salt Lake Basin east Of the Call
I foruia tine. Having overcome by far the most
] dIfRcalt and expensive portion Of the whole
line The probabilities Of the through connection
| With the Eastern lines being effected in 1870
amount almost TO certainty.
The prominent feature In the progress q the
CENTRAL PACIFIC RAILROAD IL the rrmSrkablr
/ large and profitable Local Business which IL de-
4 ysloped upon the completed portion. mOGe than
| iustifyiRg the estimates Of IL pIojectOrs-that
4 the Immense trafhc between the ports Of Cali
/ forniR and the mining regions Of the int or
wOnld sustain q hrst-ciAss railroad line. even II
/ the overland corrections were not built The
net profit upon operating the link Of less than
| one hundred miles, thus far reaches nearly two
millions In gold and this ratio viii BE- doubled
/ during the coming season, when the entire
mOuntaiH transit is made by the lOoOmOtivJ
With every extension Of the track, the business
and profits Of the completed part are increased
I 90 that when the overland through trAhc hhall
! be ceutersd upon the CENTRAL ROAD, the gen-
/ rral prosperity Of the company viii be without
/ parallel and IFS securities appreciated cores
pondingly. The CENTRAL Pacific BGlEsAp
CohFASI offer for sale theiTE lhsI n0kI AGE
4 THIRTY. YEAR SIX PR CKNT. GOLD
y NDS, and submit 70 Investors TIE
! following among other ObviOns oOnEiders-
| tons; and invite the eomparis0n with the merits
and e1oelencsss Of any class OF Corporate 80
surlties:
J / These Bends are based upon the most vital
/ and valuable part Of the Grand National Pacific
, Railruad. a0on To beoOule the main ehAHDc Of
communication on the continent
; II. The local settlement and business there
/ from is remarkably large and profitable, and
I must constantly iDcrcaSa.
III. The hardest part sf the road is nOv
built and the remainder win be rAPidly carried
/ forward ever The Salt Lake Palms
/ ". The greatest part Of the means necessary
10 build The road is provided BY the Q. S. Gov
/ eminent upon n subordinate len
/ V. Tie State aid chiei cities q California
have contributed upward o. 81 noa OK % the
! enfsrTrise without ben
VI. The giant Of lard l. destined nj an early
day 70 prove q Ear GREATER market ralDe TINA
the total Of the hr-t mortgage bonds issnso
uPgA the ruLd and egnipmcuts-
VII This road lies altogether among tie gsld
and silvGr-pTOdHclhg regions. and It. revenues
are received IN coin
VII The management Of ttis ooHpzsy In.
been IN The highest degree prudent And frugal
Ena The T-bole EuFpluA AftaT p1ymeBt q sTpenss
Gna interest," n oshstsA 70 NeAAafu1ssh PAfPe
Sc.
J TX The iutarssa liabilities " the company
arc even nov les than q third the Rst earning
upOu the Rad pledged.
\ Both PriRciDal ard FEtSreH a., paVsbk u
Gald, under EpSelAl proTihiSsA q Nth SHtiOnA
and state snscunsDt
The bonds are IN sums q sIOSo saek via
ssni-sanuAl gold oouPsnS attached and are 81
ferea for aAls a. IS PEI cent 81 thelr par TAlnA
Hnd snorBed interest from Jan. ]. add, N eur
rency-
/ The hack frtrr-ss IL charged 81 NJ peg cent
IN s,rrrsAosG thouEh nspaid IN fall 10 oold A
tins time they yisld assriy
} VINE PER CEyE UFoY THE 73TTSI
MEgK.
These bonds nd fair 70 astain the noSi prDz
. i1eut position among the BOo-sBeculstire IA
vessments q the COUNTRY, and VII - sstirel
dealt IN ~ The nsasJ 7olHtres IN Europe
2 Hoid6rH q GDveEurncuf securities have Al o
- q -