The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-08
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

Principal & Interest in Gold Coin.
The attention: of Investors, IT stees, Execu-
tsrs, and others desiring an unuIlAlly safe, re
liable and profitable fOra Of permanent invest
ment, is called TO the advantages and assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
| II is commonly known that the General GOV;
ernmout, for wise purposes, has given itsaid
and announcement TO the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean across the Territories 70 conuect
with the various Eastern branshes Of the Pa
eihc RailrOad system and which will form the
GRAND TRUNK R0UTR 10 the Far West
upon which the mighty trAns-coutinental traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
CUMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any sipNilar work in ancient or modern
timos-wiIi 5Gi:4, e9niEs own and control the
productive, favored, and valuable portion Of the
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this CONT
nent.
The Act Of Congress con(ers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift of IL 500 acres OF the public lands
per mile contiguous 10 this line and en- appro.
priation from the National credit OF sixty NIL.
LIONS in FER CENT. BONDS, delivered a. the
work progresses or hall tho 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 n small per centage OF their net earn.
ings: they, therefore, constitute IN element OF
great strength TO the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, IUhich
shah be ne first claim upon The 'Sloe railroad prop
eTt,J aud % lrhich ths lien Of the Government shdH
be subOrdiAdie IA means of more readily secur.
ing the remaining half of the capital for the con
| stTuctioni 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, a MI'NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management 10 administered nth al
tLe care aud Jore0ught Of tie most fB'ieRt prirGts
corporations. Being under the constant super
vision Of the GovernmCnt-who being the prin'
Cipal creditor, accepts subordinate and cOntin'
gent lien-with 20 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 20 cont.
dence and market value, 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 c0nyGrging Branches lie.
tween the Missouri River and the base of the
Rocky 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 OF the
Pacific TO the summit Of the Sierra Nevada aud
| 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
! amount almost 10 certainty.
The prominent feature in the progress Of the
| CENTRAL Pacific RAILROAD Is the remarkably
| large and profitable Local Business which is de
velOped upon the completed portion, moro than
| iustifying the estimates Of its pIojectOrs-that
| the immense traffic between the ports Of Cali.
fornia and the mining regions of the int or
would sustain frst-clasS 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, reashes nearly two
millions in gold; and this ratio will be doubled
during the c%ning season, when the entire
mountain 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
| he centered upon the CENTRAL ROAD, the gen.
eral prosperity of tho company will be without
parallel, and its securities appreciated cores
pOndingly. The CENTRAL Pacific RAILROAD
| COMPANY offer for sale theirFIRST MORTGAGE
THIRTY.YBAR SIX PER CENT. GOLD
BON S, and submit TO Investors TIE
following, among other obvious oonsldera-
tions; and invite the comparison with the merits
and e1celleucits Of any class Of Corporate &C.
Gurities:
/. 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 on the continent
H. The local settlement aud business there
from is remarkably large and profitable, aud
must constantly increase.
| III. The hardest part Of tho road Is now
built and the remainder will be rapidly carried
/ forward ever the Salt Lake Plains.
! ". The greatest part Of the. means necessary
to build the road Is provided by the U. 8. Coz.
! eminent upon subordinate lien.
| v. TIE State and chief cities Of California
have contributed upward Of sJOo0,GOD TO the
enterprise without lien.
VI. The giant Of land Is destined at an early
day to prove Of far greater market value than
J the total of the FIRST mortgage bonds issued
upon the road and equipments.
| VII. This road lies altogether among the gold
and silvsrproduclng regions, and It's revenues
are received In coin.
| VIII. The management Of this company has
| been In the highest degree prudent aud frugal.
| and the whole surplus, after payment OF expense
and interest, Is devoted 70 construction purpo-
ses.
TX. The interest liabilities Of the company
are even now Iess than third the net earnings
upOn the road pledged.
Y. Both Principal and InteJcst are payable in
GoId, under special provisions Of both National
and State enactment.
The bonds are in sums Of 5000 each, with
semi-aunual gold coupons attached, and arc o.
fered for sale at % per cent Of their par value
and accrued interest from JaA. }. added, In cur
rency.
Tho back interest Is charged At six per cent.
In eurreney though repaid In full In 9oid. AZ
this time they yield nearly
NINE PER CENE UPoY THE TSTEgT
METT