The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-30
Principal & Interest in Gold Coin,

II Ia commonly known that the General Gov.
ernmOnt for wise purposes has given its aid
MAIN THROUGH LINK or RAILROAD from the Pa.
citc Ocean across the Territories 20 connect
with the various Eastern Branshes OF the Pa.
citc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty trans,continental traffic
Will concentrate.
The CENTRAL PACIFIC RAILROAD
C0hPANY-who are carrying IL forward with
creator energy and persistence than was evcr
shown In any siVNilar work In ancient or modern
times-will bui'a equip, own and control tho
Western Half Of this Through Line. the most
productive favored and valuable portion Of tho
whole, and may Justly BE- regarded As possessing
the richest franchise ever granted on this oonu
nent.
The Act Of Congress confers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift Of ~ 500 OF the public lands
per mile, contiguous - ths line, and En appro.
priaton from the National credit Of SIxTf NIL
LIONS in PER CENT. BONDS, delivered ~ tho
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 csntage of their net earn
ings; they, therefore, constitute an element Of
great strength 70 tho corporations
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominatio cAioA
shall BE- the first claim upon hs rA0ls railroad prop.
Srty and 10 iohieh hSliSn Of ne GOperHBlSnt shall
BE- subordinate, rs q means Of more readily sccur.
ing the remaining half Of the capital for the con.
struction; tho equipments &c, being provided
out OF the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD Ia there
fore In An important sense, . SRNn NATIONAL
WORK aided and commended by the people the
Legislative power, and tho Executive officers,
though It's management Is ddHinlstersd WIth al
the care and JOrethOght Qf the most eminent pirate
corporations. Being under the constant super
vinion of the Government-who, being the prin-
cipal creditor, accepts subordinate and contin.
gent ien-with 40 large 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 10 cOnh.
dence and market vrlue, except those Of tho
Government
Under these fAvoring auspices very gratifying
progress has been made In extending the railroad
track from both directiOnA Nearly 1000 miles
of the Main Line and converging Branches DO
tween the Missouri Rivor and tho base Of tho
Rocky Mountains have been built within thrce
years The CENTRAL PAGuC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation of tho
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of tho Call.
forniA 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 1910
amount almost 10 certainty.
Ia Ina F,a In l.. 81 ha
CESTRAL PA IF1C RAILROAD IL tho remarkably
large and profitable Local business which Ii de.
veloped upon the completed portion, more than
lustlfying tho estimates Of t. projectors-that
the immense traffic between the ports Of Call.
fornia and the mining regions Of tho int, or
would sustain hSt-Class railroad line oven IL
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 tho entire
mountain transit Il made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part aro increased;
90 that when the overland through traffic Ehan
be centered upon the CENTRAL Road, the gen.
eral prosperity Of the company viii be without
parallel, and Its securities appreciated CORES.
pondingly. The CENTRAL PIcIuc RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PR CENT. GOLD
BON DIS, and submit 10 Investors tie
following, among other obvious c0nslderA.
tons; and invite the comparison with the merits
and eIcellencies VI any class Of Corporate %.
euritles'
]. These Bonds arc based upon the most vital
and valuable part Of the Grand National Pacific
Railroad, soon 20 become the main channel Of
communication the continent.
II. The local settlement and business there.
from IL remarkably large and profitable. and
must constantly increase.
III. Tho hardest part Of the road IL now
built and tho remainder will be rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means neeeasary
To build the road IL provided by the q. = Gov.
eminent upon a subordinate lien.
V. The State and chief cities OF California
have contributed upward u 1900, 90 10 the
enterprise without Hen.
VI. Tho grant Of land 10 destined AZ an early
day 10 prove n far greater market value than
the total Of the first mortgage bonds issusd
upon the road and equipments
WI This road lies altogether among tho gold
and silver producing regions, and il rsvsBuss
are received In coin.
VIII The management Of this company has
been in the highest degree prudent and frugal,
and the whole surplua After paymsnt Oi erpsnss
and interest, 10 devoted 70 construction pprpe-
sec.
TX. The interest liAbilltis. Of the company
are even now less than = third the net sarHpEs
upon the road pledged.
III
God, under special prOyisi0ns Of both Nations
and State enactment
The bonds are In sums Of tloos each, viii
ssmi-sunual gold coupons attAehed aDa ~. o.
fsred for sale At % per cent Of men PH ,Aoe'
and accrued interest from jan j. A'-'1' ~ S"''
reney.
III Interest IL charged At SKIP cent
l. s..r,Sr-1 though repaid 10 fall In g,A. A
this time they yield nearly
NINE PER CES1. UPON TIE HVEsr
Thee bonds I'D fair TO attain the most prom.
BsBt position among the nonrhoculatiTs In
Of the country, and win Be Astively
dealt in at the msnsy centres In Europe
Holders Of Government securities have an Cd
pcrtunity Of exchanging them for Central Pa
eihc Bonds bearing an equal rate Of Interest
with the principal vel secured, and Of
A PROFIT or TEN TO YIY
TEEN PER CENT IN ADDITION
Orders sent with the fund.- through rssponsi-
be Banks or Express Companies vii receive