The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-19
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin,

The attention'of Investors, IT .Stees, E1ecu'
tors, and Others desiring an unuI lally safe, re-
liable and profitable form of permanent invest
ment, is called to the advantages and assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov.
| ernmont, for wise purposes, has given Its AID
and encouragement 10 the construction OF one
MAIN THROUGH LINE or RAILROAD from the Pa
Cihc Ocean across the Territories TO connect
with the various Eastern Branshes Of the Pa
| ciic Railroad system, and which will form the
! GRAND TRUNK ROUTE TO the Far West,
upon which the mighty traRscontinental traffic
will concentrate.
| Inc OENlhAL IANlflO hAlLhOAD
COMPANN-who are carrying IL forward with
! greater energy and persistence than was ever
shown ia any siVNilar work in ancient or modern
| times-will buiiI, 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 confers upon the CorpO-
rations, besides the right of way across the Ter
ritories gift Of - 500 acres OF the public lands
per mile, contiguous 10 this line, and en- appro
priation from the National credit OF sixty MIL
| LIONS in FER CENT. BoSDs, delivered "a the
work progresses half the 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 small per centage of their net earr.
| ings; they therefore, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, Iohteh
shall be The first claim upon The iChOte railroad prop
ertv. aud 10 tchch the lien Of The Government shall
| be Stbordindte, IA n 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 SENI.NATioNAL
| WORK, aided and commended by the people the
| Legislative power and the Executive officers,
though its management is administered nth al
the care and J0rethOUgh Of The most eminent pirate
| cOrpOrdtiOnS Being under the constant super
| yiGion of the GOvernment-who, being the prin'
| cipal creditor, accepts subordinate and contin'
| gent lien-with so large an amount OF addition
| al capital also invested in the property pledged
| Il, l. I'll, ,~..H fhaf M
| the market possess the sane claims % comb
dcnce 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 Converging Branches ho
| 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, 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 1870
amount almost 10 certainty.
The prominent feature in the progress pf the
! CENTRAL Pacific RAILROAD Is the remarkably
large and profitable Local Business which Is de.
veloped upon the completed portion, more than
| ustifying the estimates Of Its pfoicct0rs-that
! the immense traffic between the ports Of Cali.
! iOrnia 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 less than
one hundred miles, thus tar reaches nearly two
millions in gold; and this ratio will bc 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 part are increased
so that when the overland through traffic shall
be centcrcd upon the CENTRAL ROAD, the gen.
| Cral prosperity Of the company will DE without
parallel and its securities appreciated cores
! pondingy. The CENTRAL PACIFIC RMLReAB
| CoMrASY offer for sale theirFIIST MORTGAGE
! THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors tie
following among other obvious cOnsidera-
tons; and invite the comparison with the merits
and'eXcelencies Of any class OF Corporate Sc
surities:
I. These Bonds are based upon the most vital
! and valuable part of the Grand National Pacific
! Railroad. soon to become the main channel OF
| communication on the continent.
! II. The local settlement and business there.
from Ia remarkably large and profitable, and
must constantly increase.
III. The hardest part of the road IL now
built and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". The greatest part orthc means necessary
20 build the road is provided by the L. >. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of SJOO0,O0O % the
enterprise without lien.
VI. The giant Of land Is destined at an early
DAY 20 prove Of far greater market value than
the total Of the Arst mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver.PrOducing regions, and its revenues
are received in coin.
| VIII. The management Of this company ha'
been in the highest degree prudent and frugal
and the whole surplus, after payment Of e1pens'
aud interest, Is devoted to construction purpo
ses.
TX. The interest liabilities Of the company
are even now less than third the net earning
upon the road pledged.
Y. Both Principal and THtergt are pdyabLs u
Gold, under special provisions Of both HatiOna
and State Enactment.
The bOgds are in sums Of 1900 each, wit
semi annual gold coupons attached, and are OF
fered for sale At IS per cent Of their par value
and accrued interest from Jan. !, ADDED, In cur
rency.
The back interest IL charged at six per cent
in currency, though repaid IN fnll Ia gOd. a
this time they yield nearly