The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-14
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

Principal & Interest in Gold Coin
The attention of Investors, Tr. stees, E1ecu
tors, and others desiring an unuI lAlly safe, re
liable and profitable form Of permanent invest
neut is called to the advantages and Assurances
Of the
Central Pacific Railroad First
Mortgage Bonds.
/ 1t il commonly known that the General Gov
/ eminent, for wise purposes, has given its nj,
and encouragement 10 the construction Of on'
MAIN THROUGH LINE OF RAILROAD from The Ia
cihc Ocean across the Territories 70 conuec
with the various Eastern branshes OF the Pa
| cihc kiruad system, and which viii furm the
! GRAND TRUNK ROUTE TO the FS< West
upon which the mighty trans-continental traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying it forward with
! eres ter energy and persistence than was ever
shown il any siT"ilar work in ancient or modern
times-will bni'I, 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 cOnters upon the COrpo-
ratiOns besides the right of way across the Ter
rtories gift of II SOU acres OF the public lands
priAtion from the National credit OF sixty NIL
| LIONS In FER CENT. BONDS, delivered ~ the
work progresses; or half the estimated cost Of
the Through Line and Branches These Sub
Of years by the transportation services of the
Roads and small per centage Of their net carr
ings; they therefore, constitute an element oi
great strength 70 the corporations.
The Act further authorizes them 10 issue III
equal amount of their own First Mortgage
Bonds of corresponding denominations, acAieI
shall be the first claim upon the tChOls railroad prop
etlj and % toheh The lien Of The Government shall
BE- subordinate, 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, q EANATIoNAI
WORK, aided and commended by the people, the
Legislative power and the Executive otficera
though its management is administered Wh al
the care and JOrsthou9h Of the most eai'sent Pr1pdf'
corporations. Being under the constant super
yioiOn of the GOvernment-who being the prin
cipal creditor, accepts subordinate and cOntin
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 90 cont
dence and market value, except those Of the
Government.
Under these favoring auspices very gratifying
pTUgress has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnverging Branches 10
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD Ia,
also steadily and successfully carried the Main
Stem Line from the steamboat navigation of ID,
Pacific TO the summit of the Sierra Nevada, an,
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of the Who'll,
line, the probabilities OF the through connection
with the Eastern lines being ELECTED in lSiC
amount almost 10 certainty.
The prominent feature in the progress Of the
| CENTRAL PACIFIC RAILROAD IL the remarkably
large and profitable Local Business which IL de
veloped upon the completed portion, more thar
| iustifying the estimates Of its pIojectOrs-that
the immense traffic between the ports Of Cali
fornia and the mining regions OF the int OF
would sustain q hrstClass railroad line even II
the overland connections were not built. The
net profit upon operating the link Of loss 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 pSrt are increased;
80 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will DO without
parallel, and its securities appreciated cores
pOndingly. The CENTRAL PACIFIC RAILReAp
COMPANY offer for sale theirF IkST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors I've
Following, among other obvious oonsidera-
tons; and invite the comparison with the merits
and exCelleRcies Of any class Of Corporate 80,
ourities:
/. These Bonds are based upon the most vital
anu NnluaDle part OF the Nfund NalOnal
Railroad. soon 10 become the main channel Of
communication on the continent
II. The local settlement and business there
from is remarkably large and profitable, and
must constantly increase.
built, and the remainder will bo rapidly carried
foryya ri over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road is provided by the q. 5. Gov
eminent upon subordinate lien.
V. Tie State and Chicf cities Of California
have contributed upward OF 100000 10 the
enterprise without lien.
VI. The giant Of land Is destiged at an early
day 10 prove Of far greater market yalus than
the total OF the frat mortgage bonds issued
upoI the road and equipments.
VII. This road lies altogether among the gold
and silverproducing regions, and it, revenue,
are received In coin.
VII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplua, Atter pay nent OF e1penss
and interest, 10 devoted TO construction pnrpo
ses.
TX. The interest liabilities Of the company
are even now less than 4 third the net earnings
upon the road pledged.
K Both Principal and Int.Tes, are pdvGJk "a
Gold, under special provisions Of both Estiona
and Stafa enactmeut
The bonds are In sums Of 5000 each, witt
semi annual gold coupons attached, and arc Of
fered for sale AZ 95 per cent. Of their par value
and accrued interest from Jan. 1. added, In cur
rency.
The back interest Il charged at siI per cent
in currency, though repaid In full In gold. A
this time they yield nearly
NINE PER CENT. UPoY THE ISTEST
MRgT.