The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-24
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

Principal & Interest in Gold Coin.
The attention of Investors, TT stees, Execu.
tors, and others desiring an unua Ially safe, re
liable and profitable form Of permanent invest
meut, is called TO the advantages and assurances
of the
Central Pacific Railroad First
MOrts gage Bonds.
II is commonly known that the General Gov.
eminent, Tor wise purposes, has given ifs aid
and encouragement 10 the construction OF one
MAIN THROUGH LINZ OF RAILROAD from the Pa
! cihe Ocean across the Territories TO connect
| with the various Eastern brAnShes Of the Pa
| eiie Railroad system, and which viii form the
| GRAND TRUNK ROUTE TO the Par West,
upon which the mighty traRs-cOntineniAl trRtho
viii concentrate
! The CENTRAL PACIFIC RAILROAD
| COMPANY-whO are carrying it forward with
| greater energy and persistence than was ever
shown in any similar work in ancient or modern
| times-wih build 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 as possessing
the richest franchise ever granted on this CONT
/ nent.
The Act Of Congress oOufers upon the COrpO-
rations besides the right Of way across the Ter.
ritories Gift of IL $40 acres OF the public lands
per mile, contiguous TO this line, and en- apprO-
priAtion from the National credit Of sixty NIL
LIONS in 6 PER CENT. BONDS, delivered As the
work progresses; or halfthe estimated cost Of
the Through Line and Branches. These Sub
sidy bonds the compsDy may cancel in course
Of years by the Transportation services Of the
| Roads and a small per centage Of their net earn.
! ings: they, therefore, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations sohieA
shall BE- he first claim upon e tChOS rdttrOad prop.
erty aud 10 irhieA he hel Of The Government saaA
b. subordinate, as a 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 . SESI'NATToNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered Uth al
tie care and rOrethOughf Of he most eIRtRsHf p1r0ie
corporations. Being under the constant super
! yiniOn Of the GOyeTnment-whO being The prtn'
cipal creditor, accepts subordinate and contin'
| gent lien-with 30 large an amount Of addition
al capital also invested in the property pledged
| II Is believed that no securities now offered III
| the market possess the san e claims 20 cent.
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 loo miles
| OF the Main Line and COnvergiug Branches be-
| tween the Missouri River and the base OF the
| Rscky 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 90 the summit 81 the Sierra Nevada, and
| into the Great Salt Lake Basin east Of the Cali
| 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 20 certainty.
The prominent feature In the progress Of the
| CENTRAL Pacific RAILROAD u the remarkably
] large and profitable Local Business which Ia de
veloped upon the completed portion, more than
| iustifying the estimates Of its professionalism
! the immense traffic between the ports Of Cali.
| fOrnia and the mining regions Of the int OF
would sustain a frst-clAss railroad line even IL
| the overland connections were not built. The
net profit upon operating the link Of lsss than
one hundred miles thus far, reaches nearly two
millions in gold; and this ratio will IL doubled
during the coming season. when the entire
monntaiR transit Is made by the locomotive.
! With every extension Of the track, the business
and profits Of the completed pNrt are increased;
/ 20 that when the overland through trRfhe shall
be conferred upOn the CENTRAL ROAD, the gen
eral prosperity Of the company viii be without
parallel. and it, securities appreciated cores
! pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
| THIRTY. YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors TIE
Following, among other obvious coHsidera-
| tons; and invite the comparison with the merits
and excellencios Of any class OF Corporate So
eurities:
!. These Bends are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon 10 become the main channel Of
communication on the continent.
! II. The local settlement and business there.
I from IL remarkably large and profitable, and
must constantly increase.
/ III. Tho hardest part Of tue road l. row
built, and the remainder viii be rapidly carried
| forward over the Salt Lake Plains.
/ ". The greatest part sf the means nsoessary
I 20 build the road IL provided by The Y. $. Gov
eminent upon a subordinate lien.
/ V. The State and chief cities Of California
enterprise without lien.
/ VI. The giant Of Land Is destiRed az an early
F.. day 70 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 silverprOdnsing regions, and IL revenues
are received in coin.
VIM. The management Of this company has
been in the highest degree prudent and fruGal,
and the whole surplus after payment n expenss
and Interest IL devoted TO construction Purpo
sss.
| TX. The interest liabilities Of the company
ars even nov les than third the net estDings
upOn the road pledged.
K. Both Principal and Iai.res are payaJk u
Geld. under speCld provisions Of both Nations
and State enactment.