The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-19

Of the
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General GOV;
eminent, for wise purposes, has given ITS ald
and encouragement to the construction OF one
MAIN THROUGH LINE or RAILROAD Nom the ia.
Cific Ocean across the Territories 10 connect
with the various Eastern Branehes OF the "a
ciic Railroad system, and which viii form the
GRAND TRUNK ROUTE to the Far West
upon which the mighty trans-contincntal trafhc
Will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 1t forward with
greater energy and persistence than was ever
shown In any similar work in ancient or modern
times-will build equip, own and control the
Western Half of this Through Line. the most
productive, favored, and valuable portion oil 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
rltorleS' sit vi l-,ooo ~. 'uo 80 80,
per inlle' W ehiS ~ So L,I
PiaSs - q Drn crxr soXns Delivered "a the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q course
aT,~fRa pt a.
Roads, and a small per centage of their net earn.
ings. they. therefore constitute an element Of
GREAT strength to the corporations
i,,,,,, -,
The Act further authorizes them 10 ISSUE ah
equal amount OF their own First hOrlgaEe
Bonds of corresponding denominations 'h'H
shall be The first claim upon NE tchOe TdtDOdd prP
eTty ana 10 th'ch ne zen q We uOOer" nt eIu"
be subordinate, as means OF more readily secur-
ing the remaining nan OF inc C"Pi1 iol WV SIt
strucu0ni tue q'lPhehtSi 90, .i "a otb.r
Tho ,,ro,+ CpNrp, p,c,rIc 4 Afro AID IL there
60 a., or innortant sensr a SENI.NATIoNNI
W., - o;deJ anJ commended nv fine people, the
7 . O H., mower and tbe Executive officers
tLoSSoh its ,panoaement Ia administered nth all
The cGrc nnd f0retbOUf Of the most eminent pTivate
ReinT under the constant super.
N.i lip nm nf ~
c;nol creditor accents n subordinate and COntin.
cent licn-with 40 LARGE an amount Of addition.
Fl "o,,itaI olsa Invested in the nroperty pledrcd
ir is believed that no securities now offered i'll
tbc Inarket nnssrss the Saue claims to conf.
- 81 ,,,ap,l,ct v,Iua c,rrnt those of the
" eii.u ",u ,,''' nv
Under these tavoring auspices veiy EraliiE InS
progress has been made Ill eAtenuln 'ne ram Au
hnfh
of the Main Line and converging branches be
tween the Missouri River Gnd tne 9aSe OF t ..a,
Rocky Mountains have been huiIt "llilih tn re-,
years. Inc CENTRAL tATlFIC hN,i... ~ NJ, Ia
also steadily ana shccessInS ;no ~
stem line rom tnc ~ ,I Sr Ne,"bs and
1 aVinS !" VI. si.II ~ 80 az tbn f,aIi
lGrhia iI"o, Larrng nnriom Of the Whole
M " go Of tie tITnrgb connection
t. rEoo|o,' Iivea haing eIIsctcd in $50
Win tno , las -, raI.t
Tho nror,;pnrt Cooture in the PROGRESS of the
CpYTptI PhCTFIC RAILROAD Is the remarkably
large and profitable Local Business which is de.
iustilying the estimates OF lts piGleclor5rtl2n'
the immense traffic between the ports OF Can
fornia and the mining regions OF the lnt'I or
tle Wv ct!'Liu , Iint If loss tban
one hundred miles tins far reaches nearly two
IniIIinns i'm rnId. and this ratio will Ice doubled
during the coming season, when the entire
mountaiR transit is made by the locomotive.
WIN every tAtensioll VI .hI .''G
and profits Of the completed pNit are increased,
so that wn1n Ing % =, i Tho EN-
W Tri,.oaU" ~ Tho cnmnanv will he without
parallel ana its securities aPpiroia'T1
CoMrASY offer for sale thcirFLkST M0RTGAGE
following. among other obvious considera
/. These Bends are based upen mo most vial
and valuable part OF the dfand NallOhai racine
Railroad soon Ia become the NAN chalhrl OF
communication on the continent
.,.,,o,,,,,. or,1 h,.i,oss ,bore.
II. thc io.u iarC,a al nrostabIc and
III. The hardest part of the road ia now