The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-23
Central Pacific Railroad First
Mortgage Bonds.


1t Ia commonly kAown that the General Gov
ernmsnt for wise purposes, has given ia Aid
and encouragement 20 the construction Of one
MAIN THROUGH LINE or RAILROAD from the PA.
cifc Ocean across the Territories 70 connect
with the various Eastern Branshes of the Pa
cidc Railroad system, and which will form the
GRAND TRUNK ROUTE 70 the Far West
upon which the mighty trARs-continental trafic
will concentrate.
Tho CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying Il forward with
greater energy and persistence than WAS ever
dmes-wil bulls, 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 a. possessing
the richest franchise ever granted on this conh
nent.
The Act Of Congress conters upon the Corpo-
ratiOns, besides the right Of way across the Ter.
ritores gift Of IL so acres OF tho public lands
per mile, contiguous 10 this line, and an appro-
pristion from tho National credit OF SIXTY NIL
LIONS In PgR cKNT. BONDS, delivered a. the
work progresses; or half the estimated cost 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 small per osntage Of their net earn
ings; they therefore, consulate an element Of
great strength 70 the corporations.
The Act further authorizes them to issue On
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, irAich
shall be the frat eldim upon nf toAols railroad prop
eTty, and % tShieA the lien u tie Government sAal
BE- subordinate, rs q means OF moro readily secur.
ing the remaining half Of the capital for the con
struction; the eQuipments &c., being provided
out Of the capital stock subscriptions aud other
sources-
The great CENTRAL PAcIFIe RAILROAD Is thero
fore, In an important sense, q skh'NAIioNaL
WoRk, aided and commended by the people, the
Legislative power, and tho Executive officers,
though its management Is administered Nth al
the and JorethOu0h Of The most eInIRet pirate
corporations. Being under the constant super
viSion Of the Goyernment-who being the prtn'
cpal creditor, accepts . subordinate and contlD-
gent lien-with 80 largo An amount Of addition
al capital also invested In the property pledged,
it is believed that no securities now offered In
tho market pOssoss tho sane claims 10 coma.
denoe and market value, 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 tho Main Line and convorging branches bc.
tween the Missouri River and the base OF tho
Rocky Mountains have been built within three
years. Tho CENTRAL Pacific RAILROAD haa
also steadlIy and SUCCESSFULLY carried the Mali
Stem Line from the steamboat navigation OF tho
Pacific TO the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Cali.
fornih line. Having overcome by far the most
difficult and expensive portion Of tho whole
line the probabilities OF the through connection
with the Eastern lines being effected In 1870
amount almost 10 certainty.
The prominent feature In the progress Of the
CENfRkL PA IFIC RAILROAD IL tho remarkably
large and profitable Local business which In do.
velOped upon the completed portion, moro than
justffying the estimates Of ia ptojectors-tbat
the immense traffic between the ports Of Cali
fornia and the mining regions Of the int.i OF
would sustain hrstclAss railroad line, even n
the overland connections were not built The
net profit upon operating the link Of leas than
one hundred miles, thus far reaches nearly two
millions In gold: and this ratio will be doubled
during tho coming season, whom the entire
mountain transit 10 made by the locomotive.
With every extension Of tho track, the business
and profits OF the completed part ape increased;
30 that when the overland through traffic shan
be conferred upon the CENTRAL KoAD. tho Ron.
eral prosperity OF the company viii be without
parallel, and its securities appreciated corTos
COhPAST offer for sale thoirFlhST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit 90 Investors Tire
following, among other Obvious oOnsldera.
lions and invite the comparison with tho merits
and eIcellencies or any class OF Corporate ~
surites:
l. These Bonds arc based upon the most vital
aud valuable part Of tho Grand National PaolBo
Railroad soon % become tho main channel Of
commu nioatlOn on tbs continent.
II. The local settlement and business there.
from IL remarkably large aud profitable, aud
must constantly increase.
Ill The hardest part Of the road Ia nov
built and the remainder will b. rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road IL provided by the U. >. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of pODOj0 10 the
enterprise without lien.
VI. The grant Of land Il dsstlssd At an early
day To prove Of far greater market value than
the total Of the 6rst mortgage bonds issued
upon the road and equipmsnts
VII This road lies altogether among the gold
and silver producing regions. and ia revenues
are received In coin.
VII. Tho management Of this company haa
been In the highest degree prudent and frugal,
and the whole surplus, after payment OF erpebss
ses.
TX. Tho interest liabilities Of the company
are even now lea than q third the net earrings
upon the road pledged.
\. Both Principal ana Int<rest ara pdyat1 y
God, under special provisions Of both ssti0na
and state enactment.
The bonds are In sums Of tlIs eA1h VIZ
semi annual gold coupons attAched and are o.
fsred for sAls At % per cent OF their par value,
ana accrued interest from Jan. !, sdasd, 10 cur
/ rsBcy.
Tb. back interest Is eh.1gsd a. .I per cent
! In currency, though repsld 10 'si' " wv
this time they Jie'd Nearly
VINE PER GENT UPON THg INVEST.
HEgT.
Thee bonds Nd fair 20 attain the nOat prom.
inent position among the nOnp1eealztivs In
vestnentA Of the country. and uln b A<uVsiy
dealt IN AZ the msnsy centres In Europe.
Holders Of Government securities have Al op.
portunity Of exchanging them for Central Pa
eihs BOnds bearing an equal rate Of Interest
with the principal vel secured, ADdO
REALIZING 4 PROFIT OF TEN 70 YJy
TEEN PER CENT. IN ADDITIOS.
Orders sent With the funds througs rssPop.
| bic Banks OF Express Companies VIII Iecsns
prompt attention. B0nds ssnt b rstein
| pres 20 any address IN the UEfteo o..hl a.
4 our coat INFORMATION, DeseTfptive 80.
N.ps re, furnished on sppisc.nSn W,i,s..
Of tie Raiirosd Company. ~
street, and o.
! FISK q HATCH
p.,t. and Dealers in Government Seesritiss