The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-23
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov.
eminent, for wise purposes, has given its aid
and encouragement 10 the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa
citc Ocean across the Territories 10 connect
with the various Eastern Branches Of the Pa.
citic Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty traRs'continental traffic
Will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying II forward with
greater energy and persistence than was ever
shown ia 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 tho Corpo-
Tations, besides the right of way across the Ter
ritoTies gift of ~ $40 acres OF tho public lands
per mile, contiguous to this line, and an appro.
priation iron the National credit OF SIXTY MIL.
LIONS in 6 FER pENT. BOMBS delivered as the
work progresses; or half tho estimated cost VI
the Through Line and Branches. These Sub
sidy bonds the company may cancel I'm n csurse
of years by the Transportation services Of the
Roads, and n small per Centage Of their net earn
ings; they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes them 10 issue all
equal amount of their own First Mortgage
Bonds of corresponding denominations, irhich
shall be The first odi upon the tphOtS railroad prop
crty, and 10 iphieh us lien u The Government shall
be subordinate "a q means of more readily secuT.
ing the remaining half Of tho capital for the con.
structiOn; the equipments, &c, being provided
ont of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD il there
fore, in an important sense, n SEM. NATIONAL
WORK, aided and commended by the people the
Legislative power, and the Executive officers,
though its management Is administered W'th al
the care and JoretlOught Of the most ernrHt pirate
corporations. Being under the constant super
viniOn of the GOvernment-who, being the prin'
cipal creditor, accepts subordinate and contin.
gent lien-with so largo 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 conn.
dsnce and market value, except those of the
GovernGent.
Under these favOrug auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 miles
OF the Main Line and converging Bnnches bo.
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years The CENTRAL Pacific RAILROAD has
also steadily and successfully carried tho Main
Stem Line from the steamboat navigat Of the
Pacific to the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the most
difficult and expensive portion OF tho whole
line, the probabilities of the through connection
with tho Eastern lines being effected in $50
amOunt almost 10 certainty.
CENTRAL "a t RRs IL the Grosrsss Of III. GS
large and profitable Local Business which - dc.
velOped upoH the completed portion, more than
Iustifying the estimates Of itS pIOiectOrs-that
the immense traffic between the ports of Cali.
fornia and the mining regions Of the int'' OF
would sustaihn first-class railroad line, even 10
the overland connections were not built. Tho
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold and this ratio will be doubled
during the coming season, when the entire
mountaiR transit Is made by the locomotive.
With every extension Of the track, the business
and profits of the completed part are increased,
10 that when tho overland through traffic shall
DO conferred upon tho CENTRAL ROAD, the gen
eral prosperity of tho company will be without
parallel and its securities appreciated CORES,
pOndingly. The CENTRAL PACIFIC RAILRsAD
COMPANY offer for sale THIRST MORTGAGR
THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors tie
following among other obvious consdcra-
tons; AMI invite the comparison with the merit,
and excelencits OF any class OF Corporate Sc.
ourities:
!. These Bends are bassd upon tho 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 0
from Ia remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built, and the remainder viii he rapidly carrie d
forward over the Salt Lake Plains.
10 build the road Is provided by the U. y. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of CaliiorIha
have contributed upward Of s),VUpD 10 the
enterprise without lien.
VI. The grant Of land IL destiscd at an early
day TO prove Of far greater market value than
| the total Of the Arst mortgage bonds Issued
upon the road and equipments.
and silver producing regions. and IT. revenues
are received in coin.
VIII The management Of this company la
| boon In the highest degree prudent and frugal
| and the whole surplus, after payment u erpens'
and interest, is devoted 10 construction purpo
sss.
| TX. The interest liabilities OF the eompab.
are even now less than third the net earning
upon the road pledged.
Y. Both Principal and Tni,Tsz, or, payaJI Il
Gold under special prOyislons Of both Natioba
and State enactment
The bonds are IN sums Of 100 each, Wit
semi -aun nal gold coupons attached, and are Of
fered for sale at % per cent OF their par fAiht
and accrued interest FROM Jan. J, adaed, In eni
rency.
Tho hack interest is charged At six per cen
In currency though repaid 10 full in god. A
This time they yield nearly
NINE Pen CENT. UPON THE SVEs,
MRST
These bonds I'D fair 10 attain the most srm
inent position among the ROnlPeculstiTs a
ysstments Of the country, and viii be active
dealt in at the nsney-ceBtres IN Europe.
Holders Of GOvsruInent securities have an 9
portunity u exchanging them for Central ,
eihe Bonds bearing an equal rate OF iBtfe-
with the principal well secured and Of
REALIZING A PROFIT OF TES TO III
TEN PEI CENT ~ ADDITION
Orders sent With the funds thfOugh respOD
lie Banks or Express Companies win reeel
nronpt aftenfi0n. BOsds ssut by return
press 10 any address In the United Ststss
our cost Information, Descriptive pAnphIs'
Map, &c, furnished on application AZ the ON
on he RAiIroad Conpzny, No. "A "iuE'