The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-10


with the various Eastern branches of the Pa
,itic Railroad system, and which win form the
GRAND TRUNK ROUTE to the Far West,
upon which the mighty traRs'contincntAl trahie
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying IL forward with
greater energy and persistence than was ever
shown In any sip,ilar work in ancient OF modern
times-vill builr, 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
ltnt
The Act of Congress conters upon the CorpO-
rations, besides the right Of way across the Ter
ritories, GIFT Of 1850 acres Of the public lands
per mile contiguous 20 this line, and en- appro.
priation from the National credit OF SIXTY MIL
LIONS in FER CENT. BONDS, delivered rs the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in course
Of years by the Transportation seryices OF the
Roads and small per centAge Of their net earn.
Ings; they therefore, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them TO issue an
eoual amount Of their own First Mortgage
Bonds of corresponding denominations, teh'oh
shdu be the first claim upon The ghOs ralrndd prop.
,Tty aud 10 tehich Tie hen Of The Government ShaH
be subordinate as q means OF more readily secur'
ing the remaining half Of the capital for the con,
stTuction: the equipments, &c. being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAp is there
fore, In an important sense, q sEHINAIIoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered nth az
the care aud JOrehoug Of the most eminent pirate
cOv1,OrdtiOnS Being under the constant super
vision of the Government--who being the prin'
cipal creditor, accepts subordinate and conunI
gent lien-with so large an amount OF addition
n capital also invested in the property pledged
10 is believed that no securities now offered In
the market possess the sane claims 10 conh'
dence and market value, except those OF the
Government.
Under these favoring auspices very gratifying
progress has been made in extending the railroad
truck from bOtl directions. Nearly 1000 miles
of the Main Line and conyerging branches be
tween the Missouri River end the base OF tha
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadily and succcssT,Illy carriad tho Mali
Stem Line from the steamboat navigation Of th'
Pacific 10 the summit of the Sierra Nevada, ant
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
limo, the probabilities of the through connection
with the Eastern lines being effected in is7t
amount almost 70 certainty.
The prominent feature in the progress Of thu
CENTRAL Pa IF1C RAILROAD IL the remarkably
large and profitable Local Business which In de
velOped upOH the completed portion, more thar
iustifying the estimates Of its pIojectors-tha
the immense traffic between the ports Of Call
fornia and the mining regions of the int'' o
would sustain n frst-Class railroad line, even !
the overland connections were not built. Tn,
net profit upon operating the link OF less thar
one hundred miles thus far, reaches nearly tw'
millions in gold; and this ratio viii I've doubles
during the coming season, when the entir'
mountaiR transit Is made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are Increased
80 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, tho gen
eral prosperity of tho company will be withou
parallel, and its securities appreciated CORES
pOndngly. The CENTRAL PACIFIC RAlLReAI
COMPANY offer for sale theirFIEST MORTGAGE
THIRTY. YEAR SIX PER CENT COLI
and submit 10 Investors ~
following, among other obvious cOusdera
lions; and invite the comparison with tho merit
and eIcellenciss Of any class OF Corporate se
curities:
J. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacih
Railroad. soon 10 become the main channel o
communication on the continent
II. The local settlement and business theT c
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part of the road Is nov
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessar,
to build the road il provided by tho I. r. Gov
eminent upon n subor diBate lien.
V. The State and chief cities of Californi
have contributed upward ~ 9,On.oO 20 III
enterprise without Hen.
VI. The grant Of land is destiRed at an early
day 10 prove Of Sar greater market yalue thar
the total Of the first mortgage bonds issues
upon the road and equipments.
VII. This road lies altogether among the gold
and silver. producing regions, and it, revenu"
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 10 construction purpe
ses.
TX. The interest liabilities Of the eonpan
are even now less than a third the net earning
upOn the rad pledged.
K. Both Principal and Int,rest are pdyab<
God, under special provisiOns Of both Nations
and state enactment.
The bonds are Ia sums Of 1900 each, wit
semiannual gold coupons attached, and are o
fered for sale AZ % per cent. Of their par Valu'
and accrued interest from Jan. ]. adsed, In oui
rency.
The back interest il charged at six per cen
in currency, though repaid In full in 9old. A
this time they yield nearly
NINE PER CENT. gPOS THE TVES;
MEM
Thsse bonds I'D fair IN attain the most pTon
inent position among the noEzPeculativs il
| yestments Of the country, and viii b aFtiVsl
dealt IN AZ the money -oeDtres In Europe.
HOldSrs Of Government securities have an O
portupity Of exchanging tbSm for Central
cine EOnLs bearing An equal rate 1f iHtert.
with the principal well secured, and Of
REALIZING 4 PROFIT OF TEN TO RI
TEEyPRR CENT IN ADDITTOS
Orders stnt with the fnD&s through TtsPo1s
/ lie Banks OF Kxpress Companies VIII -reeS1s
promnt att@ntKou B0nds sspt by returp II
| 6res. 70 any addrsas IN the United states,
our coat Information, Descriptive pamphlet
| Mar Ee furnished On application ~ the ofiaf
| Of the Raiiroad Company. 10. - Wultal
/ street, and Of
FISK Il HATCH,
Bankers and Dealsrs IN GOvsEnnent Seeuritl'
and Financial Agsnts Of The @. p X 4 Co.
IE2t No Hasaau street, View York