The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-27
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

II il commonly known that the General Gov.
crnm0nJ, for wise purposes, has given ITS aid
and encouragement 10 the construction OF one
MAIN THROUGH LINE or RAILROAD from the Pa
cifc Ocean across the Territories 10 connect
with the various Eastern Branshes oil the IA
Cihc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty traRscontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whO are carrying IL forward with
greater energy and persistence than was ever
shown IN any Aimilar work IN ancient or modern
times-will buiil, 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 cont.
nent.
The Act of Congress confers upon the Corpo.
rations, besides the right of way across the Ter.
ritOFies gift of II SO0 acres Of the public lands
per mile, contiguous TO this line, and Tn apprO.
priatiOn from the National credit Of SIKH NIL
LIONS in FER CENT. RoNDs, 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 a course
of years by the Transportation services of the
Roads and n small per oentage Of their net earn
ings. they, therefore, constltato an element oil
great strength 10 the corporations.
The Act further authorizes them 20 issue an
euual amount of their own First Mortgage
Bonds of corresponding denominations, trhich
shall be the FTSt claim upon ne l0hoLe railroad prop,
srty, aud 10 irhieh The lien Of the Government shdA
be subordinate rs q 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.
Tho great CENTRAL PACIFIC RAHROAD il there
fore in al important sense, n SHENANDOAH
WORK aided and commended by tho people, the
Legislative power, and tho Executive officers,
though its management Ia administered uth al
the care and fOTsthOugh Of he most eminent pirate
corpoTdtioiS Being under the constant super
vision of the GOvernment-who, being the prin'
cipal creditor, accepts subordinate and contin'
gent lien-With so large an amount oil addition
nj capital also invested in the property pledged
il Is believed that no securities now offered IN
the market possess the sane claims TO conf.
deHce and market value, except those oi 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 cenvcrglug branches be-
Rscky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation oil the
Pacific t. tho summit of tho Sierra Nevada am
into the Great Salt Lake Basin eastIof the Cali
iorna line Having overcome by far the most
difficult and expensive portion of the whole
line. the probabilities Of the through connection
with tho Eastern lines being effected in lS11
amount almost to certainty.
The prominent feature ia the progress Of the
CENTRAL Pacific RAILROAD IL the remarkably
large and profitable Local Business which Is do
veloped upon tho completed portion, more than
iustityng the estimates of it, PROFESSIONALISM
the immense traffic between the ports of Cali
torna and the mining regions Of the int'I or
would sustain , trst-Class railroad line, even u
the overland connections 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 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;
so that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
oral prosperity Of the company will be without
parallel, and its securities appreciated cores
pondngly. The CENTRAL Pacific RAILROAD
CoNPASY offer for sale theirFIhST MORTGAGE
y o n ID S, and submit to Invcstors TIC
following, among other obvious considcra.
tions; and invite the comparison with the merits
and oxcellencios Of any class OF Corporate Sc.
Gurities:
J. These Bonds are based upon the most vital
and valuable part Of tho Grand National Pacific
Railroad. soon 10 become the main channel Of
communication on the continent.
II. The local settlement and business there
from IL remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road il now
built, and the remainder viii be rapidly carried
forward over the Salt Lake Plains.
". The greatest part of the means necessary
to build the road il proviasd by the u $. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward VI DgO0GbJ to the
enterprise without lien.
VI The grant Of land is de,tiHed at an early
day IN prove of far greater market value than
tho total Of the first mortgage bonds Issued
upon the road and equipments.
VII. This road lies altogether among the gold
and slyer-Produring resions, and it, revenues
are received in coin.
VIII. The management Of this company ba'
been in the highest degree prudent and frugal
and the whole surpins after payment Of expense
and interest, is devoted 20 construction purpo
ses.
TX. The interest liabilities Of the company
are even now less than third the net earnings
upon the road pledged.
Y. Both Principal and InlSyssi are pdyaLL I,
Colt under special provisions Of both Nat!onA
and State enactment.
The bonds ars in sums Of 5000 each, will
| semi annual gold coupons attached, and arc OF
ferei for sale az 81 per cent Of their par value
| and accrued interest from Jan. ]. ADDED, In cur
rency.
The back interest Is charged at sI per cent
/ in 1srTegley, though repaid IN full in gid. A
this time they yield nearly
NINE PER CENT UPOY THE TSTESI
/ MEM
These bonds bid fair 70 attain the mast 5rOu
inent position among the n0nTpeculativs II
vestmssffts Of the country, and will BE- astivel
dealt in ~ the msDsy-ceDtres in Europe.
H0ldsrs Of Government securities have an 81
pOrtubity Of exchanging them for Genital r!
ci6c Bonds bearing Al equal rate Of iBteres
with the principal well secured, and Of
REALIZING A PROFIT OF TEN TO IN
TEN PER CEyT. IN ADDITION
Orders sent With the funds through respops
lie Banks or ExUr6sn C0mpaDies VIII Teeelf