The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-22
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

/ tors and others desiring an unua IAny safe, re
liable and prOatAS form Of permanent invest
ment, Is called 10 the advantages and ASSURANCES
Of the
Central Pacific Railroad First
Mortgage Bonds.
| II is commonly known that the General Gov
eminent for wise purposes, has given its aid
and encouragement 20 the construction Of one
NAN THROUGH LINZ OF RAILROAD rum the Pa
/ cidc Ocean across the Territories 10 connect
with the various Eastern BrAnshes OF the Ia
cine Railroad system. and which viii form the
| GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty traRs-cOntnentAl trAfho
| viii concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who ars carrying IL forward with
I greater energy and persistence than was ever
! shown in any siRlilar work In ancient or modern
| times-wlll bull, 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 conf
ront.
! The Act Of Congress confers upon the Corpo
ratiOns besides the right Of way acruss the Ter
ritories Gift Of II SUI acres OF the public lands
per mile contiguous 10 this line, and en- appro.
priation from the National credit Of sixty NIL
| LIONS IN 6 FER CENT. BONDS, delivered as the
| work progresses: or half the 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 a small per oentAge Of their net carr
inCs. thew therefore cOnstitEte an element OF
great strength 10 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
/ Bonds Of corresponding denominations, trhach
shall BE- The first claim upon tas trhos railroad prop
cTtv and % 5UhieL The hen Of the Government shat
Lf s1fborfs.dtS as a means OF more readily scCuT-
inc the remaining half Of the capital for the con
| struction: the equipments, &c, being provided
ont Of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAD is there
! fore in an important sense, n SENl- NATIONAL
! woI,K aided and commended by the people, the
| Legislative power and the Executive officers,
| though It's management ~ ddEtitastfTca utba dta
the care and JOTcOugh Of the most eminent pTindtc
! corporations Being under the constant super
| yiniOn Of the GoyeTnmcnt-Who, being the pm
| cipal creditor, accepts subordinate and contn-
| gent hen-with so large an amount OF addlilon
| al CAPITAL also invested in the property pledged
| il il believed that no securities now offered IN
| the market possess tho sane claims TO conn
dence and market value, except those OF the
| Government
Under these favorinE auspices very gratifying
progress has been made IN extending the railroad
track from both directions Nearly 1900 miles
of the Main Line and osnvcrging Branches be
! tween the Missouri River and the base OF the
! Est Ky Mountains have been bullt within three
years. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Man
| stem Line from the steamboat navigation OF the
| Pacific 10 the summit of the Sierra Nevada and
into the Great salt Lake Basin east OF the Cali
faruia line. Having overcome by far the most
! difficult and expensive portion OF the NhoIt
line the probabilities OF the through connection
with the Eastern lines being effected in l-'o
| amount almost 20 certainty.
The prominent feature in the progress o. tn,
! CENTRAL PACIFIC RAILROAD is the remarkably
! large and profitable Local Business which l. de
veloped upon the completed portion, more than
iustitylng the estimates OF it, pI0lectors-thai
| the immense traffic between the ports OF Cali
w0uld sustain a frst-class railroad line even II
the overland connections were not built. The
! net proht upon operating the link Of less than
one hundred miles thus far, reaches nearly two
M. lions in gold. and this ratio VIII 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
~ that when the overland through traihc shall
be conferred upon the CENTRAL ROAD, the gen
-. ,v.1.,vr vrall hN gTaf kfNfF
parallel and its securities appreciated CORES
pundinCly. The CENTRAL PACIFIC RAlLBSAr
COMPANY offer for sale theirFIkST MORTGAGE
i THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors tht
following, among other obvious considera
and e1cellencies Of any class Of Corporate se
surities:
7. These Bends are based upon the most vital
| and valuable part Of the Grand National faEihC
! Railroad. soon 20 become the main channel Of
communication on the continent
II The local settlement and business there
from is remarkably large and profitable, Anc
must constantly increaSS.
III The hardest part Of the road Is nov
built and the remainder will lie rapidly CafTIe'
forward ever the salt Lake Plains.
". The greatest part Of the means necessary
10 build the road il provided by the I. ;. Gov
eminent upon a subordinate lien.
V. The State aud chief cities Of CaliforEi.
have contributed upward Of s3,DJ0U'J 20 tn
enterprise without lien.
VI. The giant OF land is destined 81 an earl
} dav 20 prove OF far greater market value thai
the total Of the first mortgage bonds issue
upoa the road and equipments.
VII. This road lies altogether among the g0l
and silver-producing regions, and it, reTsnue
are received in coin.
VIII. The management Of this company Ia
been in the highest degree prudent and iruga
and the whole surplus after payment OF eIpens
s and interest. il devoted 10 construction puTP'
-ss.
, TX. The interest liabilities Of the e0mpan
are even now less than third the net eArHin 2
upon the road pledged.