The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-07

| the west,
upon which the mighty traRs-continental 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 bui.n, 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 confers upon the Corpo
rations, besides the right Of way across the Ter
ritories gift of - 500 acres of the public lands
per mile, contiguous to this line, and en- appro-
priation from the National credit of SIXTY NIL.
| LIONS in PER CENT. BONDS, delivered rs the
work progresses; OF half tho estimated cost of
| the Through Line and Branches. These Sub
sidy bonds the company may cancel in course
of years by the Transportation services OF the
Roads, and small per centage Of their net earn.
| ings; they therefore, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tohieh
shall be the first claim upon ue tchOte railroad prop
erty aud 10 tChich the lien Of the Government shat
be subordinate, as a means of more readily secur
ing the remaining half of the capital for the CON
| struction; the equipments, &C, being provided
out of the capital stock subscriptions and other
| sources.
The great CENTRAL PACIFIC RAILROAD is there
| fore in an important sense, a SEMl'NATIoNAL
WORK aided and commended by the people, the
| Legislative power and the Executive officers,
though its management Is administered Nth al
the care and IOrethOugH Of the most eminent pirate
corporations. Being under the constant super
Of tho Gnvarumauf -WhO bpiuU the uTiu-
cipal creditor, accepts subordinate and cuntin'
| gent len-with 50 large an amount of addition.
al capital also invested in the property pledged,
| il Is believed that no securities now offered III
| the market possess the sane claims 10 Conh
dence and market value, except those Of the
| 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 cOnverging Branches be-
tween the Missouri River and the base Of the
| Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific TO the summit of the Ssrra Nevada and
into the Great Salt Lake Basin east of the Cali.
forna 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 1870
amount almost to certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIC RAILROAD Is the remarkably
large and profitable Local Business which Is de.
| velOped upon the completed portion, more than
iustifying the estimates of itS pToiectors-that
the immense traffic between the ports of Cali.
fOrnia and the mining regions of tho intrf or
would sustain irst-cass railroad line, even IL
the overland connections were not built. The
net profit upOn operating the link Of less than
one hundred miles, thus far, Teashes nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain 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 viii he without
parallel, and its securities appreciated cores
pondingly. The CENTRAL PACIFIC RAILROAD
CoMPANY offer for sale theirFIkST MORTGAGE
! THIRTY YEAR SIX PER CENT GOLD
BONDS, and submit to Investors the
following, among other obvious COnstd"ra
tons; and invite the comparison with the merits
and excellenCies of any class OF Corporate 30.
Gurities
/. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon TO become the main channel OF
communication on the continent.
II. The local settlement and business Their Q
, from is remarkably large and profitable, and
must constantly increase.
! III. The hardest part Of the road Is now
built and the remainder will be rapidly carrie 4
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road Il provided by the L. ). Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
/ have contributed upward Of SJ,OO,OO TO the
} enterprise without lien.
a VI. The grant Of land IL destined at an early
{ day 70 prove Of far greater market value than
o 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 lie reyenue'
are received In coin.
n VIII The management Of this company ha
been in the highest degree prudent and frugal
and the whole surplus. after payment OF eIpens'
and interest, is devoted to construction purp"
ses.
TX. The interest liabilities Of the compan.
a are even now less than third the net earning
A upon the road pledged.
X. Both Principal and Tnterea are DdyaJk /
Gold under special provisions Of both Nations
and State enactment.
The bonds are in sums Of 5000 each, Wit
semi-aunual gold coupons attached, and are 0
fered for sale at - per cent Of their par valu
and accrued interest from Jan. l. AIDED, In Gu
rency.
The back interest Il charged at six per cen
in currency, though repaid In full in goLd.
this time they yield nearly
NINE PER CENT. UPON THE WTES
NE6T.
These bonds bid fair 20 attain the nno.i -, I.
inent position among the non y .i -
yestneut- OF the country, and Sln be ASu %
dealt In at the nsney centres N " =. a., n,
Holder Of Government secur1t4fs E EA. - Z
pOrtuuity of exchanging III -. ~ Irter,.
rri6c Ponds bearing an equ44 i@ts
eI III. 49, -. ,,,itcfual vel secured and o.
pr,1IzryG A PROFIT OF TEN TO III
TEEN PER CENT. ~ ADDITION.
Orders sent with the funds through responI
BILE Banks o. Express Companies viii reeei
prompt attention. Bonds ssnt By return z
press 20 any address in the United states.
our cost Information, Descriptive pamphlst
Map, &c, furnished on application at the of
Of the Railroad Company, No. a Willis
street, and Of
FISK d HATCH,
IN Bankers and Dealers in Government Securiti
and Financial Agents Of the c. p z r. Co