The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-23


GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying 10 forward with
greater energy and persistence than was evei
shown IN any similar work in ancient or modern
Western half Of this Through Line. the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded rs possessing
the richest franchise ever granted on this cont.
nent.
The Act Of Congress eonters upon the Corpo.
rations, besides the right Of way across the Ter
ritories gift of u 500 acres Of the public land.
per mile, contiguous 10 this line, and an appro,
priation from the National credit Of SIXTY MIL
LIONS in 6 PER CENT. BONDS, delivered the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel In q course
of years by the Transportation services Of the
Roads, and small per centage Of their net earn.
ings; they, therefore, constitute an element OF
great strength TO the corporations.
The Act further authorizes them 10 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, ichioh
shall be the first claim upon the trhOle railroad prop
be subordinate, as 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.
The great CENTRAL Pacific RAILROAD Is there
fore, in an important sense, o SEhr NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered nth al
the care and J0rethotgh Of the most eminent pirate
corporations. Being under the constant super
viHion of the Government-who, being the prin'
cipal creditor accepts subordinate and con;in.
gent lien-with 80 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 velue, except those Of 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 cenyerging branches be-
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years. The CENTRAL PAcirc RAILROAD has
also steadily and successfully carried tho Main
Stem Line from the steamboat navigation Of the
Pacific TO the summit OF the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Call
fornia 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 1870
amount almost TO certainty.
Tho prominent feature I'm tho progress OF th,
CESTRAL PA IF1C RAILROAD IL the remarkably
large and profitable Local Business which IL do
velOped upon the completed portion, more thar
iustifyinE the estimates of It's professionalism
4 ha itnu anaa frafie hetwaen tina norfz of Cali
fornia and the mining regions Of the inter OF
would sustain tirst-class railroad line, even Il
the overland connections were not built. Tho
net profit upon operating the link OF less than
one hundred miles, thus far reaches nearly TIVE
millions in gold and this ratio will be doubled
during the coming season, when the entire
mountain transit IL 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 centered upon the CENTRAL ROAD, the gen
eral prosperity Of the company will DO without
parallel, and its securities appreciated corres
pondingly. The CENTRAL PACIFIC RAILReAI
CoMPANY offer for sale theirFIRST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BON DIS, and submit 20 Investors TIA
following, among other obvious considers
tons; and invite the comparison with the merits
and excellencies Of any class Of Corporate 80
surities:
I. These Bonds arc based upon the most vita
and valuable part Of the Grand National Pacih,
Railroad, soon to become the main channel o.
communication on the continent.
II. The local settlement and business Their 0
from is remarkably large and profitable, an
must constantly increase.
III. The hardest part Of the road IL now
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road Ia provided by tho U. D. Gov
eminent upon a subordinate lien.
v. The State and chief cities Of California
have contributed upward Of t3,0O0.O00 20 tb,
enterprise without lien.
VI. The grant Of land IL destined at An early
day 10 prove Of far greater market value than
the total of the first mortgage bonds Issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver.produciDg regions, and its revenues
are received In coin.
VIII. The management Of this company ba
been In the highest degree prudent and frugal
and the whole surplus. after payment OF eIpens
and interest, Ia devoted 70 construction purps
ses.
TX. The interest liabilities Of the company
ere even now less than . third the not earning
upon the road pledged.
X, Both Principal and Interest are PAYABLE u
God. under special provisions Of both hationa
and State enactment
The bonds are in sums Of 1900 each, viii
semi- annual gold coupons attached, and are oil
fered for sale at % per cent Of their par value
and accrued interest from Jan. ], ADDED, In cur
rency.
in currency, though repaid In fnll in gid. A
this time they yield nearly
NINE PER GEM. UPON THE BVES7
NEWT.
These bonds bid fair to attain the most Srou
iDfnt pDtlLlOh bDS u
vestments Of the country. and win be astIvel
dealt in At the nsney-ceDtres In Europe.
Holders OF Government securities have an 81
portunity Of exchanging them for Central y
cihe Bonds bearing an equal nate Of Interest
with the principal wen secured, and Of
REALIZING 4 PROFIT or TEN TO III
TEEN PER CENT IN ADDITION.
Order, ANT With the funds through respons
be Rauks OF EIpreas Companies WIN rceeiV
,,-s,-.,,t Attention. B0nds ssnt by return u
rrs~s 20 any address In the United States, I
~ est Information, Descriptive pamphlet
| Nsu-. ne. furnisbed on application AZ the 0dis
Of he Raiiroad Company, No. "a VILLA
street, and Of
FISK d HATCH,
Bankers and Dealers IN Government seeurit'
and Financial Agents Of the c. p X 4 70.