The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-28
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t Is commonly known that the General Gov.
ernment for wise purposes, has given lie aid
and encouragement 10 the construction of one
MAIN THROUGH LINZ or RAILROAD from the Pa
chic Ocean across the Territories 20 connect
with the various Eastern branshes of the Pa
cine Railroad system and which will fern the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty trAns-continental traffic
will concentrate.
Tho CENTRAL PACIFIC RAILROAD
COMPANH-who are carrying IL forward with
greater energy and persistence than was ever
shown in any sip,ilar work in ancient or modern
Western Half Of this Through Line. the most
productive favored, and valuable portion Of tho
whole, and may Justly be regarded az possessing
the richest franchise ever granted on this cont.
nent
The Act Of Congress- confers upon tho CoEpo-
rations besides the right Of way across the Ter
itories gift of ~ 800 acres OF the public lands
per mile, contiguous ts this line, and an appro-
priatiOn from the National credit Of SIxIT NIL
LIONS in PER GRNT. BONDS delivered as thu
work progresses or half the estimated cost u
the Through Line and Branches. These sub
sidy bonds the company may cancel In . csurse
Of years by the Transportation services OF the
Roads, and a small per csntage Of their net earn
ings; they. therefore, constitRte an element a
great strength TO the corporations.
The Act further authorizes them 70 issue an
equal amount of their own First Mortgage
Bonds Of corresponding denominations, tcAieA
shall be the first claim upon tie Gohols railroad prop
erty and % 1ohieh tie hen Of Hs GOrcram<Rt SHAH
BE- subordinate, As q means Of moro readily seouR
ing the remaining half Of the capital for the
struction; the equipments 60, being provided
out of the capital stock subscriptions and other
| sources.
The great CENTRAL pacific RAILROAD IL there
fore in an important sense, a SKhrNATtONAL
WoRK, aided and commended by the people, tho
Legislative power, and the Executive othoorA
though its management Is administered tottA al
the and Jorethough " dc most eminent prfdfs
corporations. Being under the constant supsr
vision of the GOvernment--who being the prts'
cipal creditor accepts subordinate snd contir
gent licn-with 80 large an amount OF addition
al capital also invested In the property plodged.
IL Is believed that no securities now offered In
the market possess the sane claims To oonh'
dence and market vrlue except these OF the
Government.
Under these favoring auspices very graft ,ythg
progress has been made In extending the railroad
| track from both directions Nearly 1000 miles
|
| tween the Missouri River and the base Of tho
Rocky Mountains have been built within thEse
years. The CENTRAL PACIFIC RAILROAD M
also steadiy and successfully carried the 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 Cali
| fornia line. Having overcome by far the most
difficult and expensive portion Of tho whole
| line the probabilities Of the through connection
with tho Eastern lines being effected In 1910
| amount almost 10 certainty,
The prominent feature In the progress Of tho
GENITAL PA IPIC RAILROAD Is tho remarkably
large and profitable Local business which IL do
velOped upon the completed portion, more than
iustifyinH the estimates Of It's pfoiectOrs-that
the Immense traffic between the ports Of Cali.
fornia and tho mining regions'of the intri 90
would sustain hrstclass railroad line, even II
| the overland connections were not built. The
not Proht upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions In gold; and this ratio will be doubled
during the coming season, whom the entire
mountain transit In made by the locomotive.
With every extension Of the track tho business
and profits OF the completed part are increased
30 that when the overland through traffic aim
| be- conferred upon the CENTRAL ROAD, the gen
| eral prosperity Of the company will be without
parallel, and its securities appreciated cores
pOndingly. Tho CENTRAL PACIFIC RAILR6AD
| CoNPASY offer for sale theirFIhST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BIO N DIS, and submit 10 Investors Gre
! following, among other obvious O0nAidera,
lions, and invite the comparison with tho merits
and eTcellencies Of any class Of Corporate
surities:
I. These Bonds are baSod upon tho most vital
aud valuable part Of the Grand National PaoiHs
Railroad soon 20 become the main channel OF
| communication on the continent.
! II. The local settlement and business there
| from IL remarkably largo and profitable. aud
must constantly increase.
III. The hardest part Of tho road IL now
built and the remainder will be rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means nooesaary
| IN build the road II provided by the u. ,. Gov.
eminent upon n subordinate lien.
v Tho State aud chief cities Of California
! have contributed upward OF tJ,OOO,QO0 10 the
enterprise without Hen.
day 20 prove Of far greater market yalus than
the total Of the FIRST mortgage bonds iAsnsd
upon the road and equpmehtA-
| VII This road lies altogether among the gold
and silver.producing regions, and IL revenues
are received In coin.
VIII The management Of this company has
| been In the highest dsgroe prudent and frugal,
and interest, i devoted 10 construction purp~
ses.
| TX. The interest liabilities Of the company
| are even DOW less than q third the net earrings
upon the road pledged.
X Both Principal and Int>ren sSs paya11 10
Odd under special provisions Of both hati0nsa
and State enactment.
The bonds are in sums Of tIooo each, With
semi annual gold coupons attached, and are Of
fered for sale At % per cent Of their par vSns.
and accrued intsrest from Jan. !, Adaed, In eur
rency.
The back interest is charged a. ar per soe'
. In elrrsIley though repaid Ih '4i 10 49,
this time they yield nearly
/. v,ys PER CENT UPON THE NVgsT.
KERL.
These bonds bid fair 70 ait1n The most ypoua-
fnent pOsitsOn among the nOn7spseulativs In
vestmenis Of the country, and vii 10 a&HVely
dealt IN ~ the msney-c.Btres in Europe.
! Holders Of Government securities have an 90
pOrtunity Of exchanging them for Central Pa
cifc BOnds bearing AZ equal nate q interest
With the principal wei secured and Of
REALIZING A PROFIT or TEN TO PIP.
TEEN PER CENT IN ADDITION
Z Orders ssnt with the funds through respon<s-
bic Banks or Express COmpAnles wiz rees1,s
prompt attention. Bonds sspt By return "a
pres 70 any address IN the United stAtsSJ -
our cost InfOrv kti0n. Descriptive y.npe -.