The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-25

with the various Eastern branches OF the Pa
| Cifc Railroad system, and which will form the
| GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any sip'ilar work in ancient or modern
timeS-will bui'u, 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 confors upon the CorpO-
rations, besides the right Of way across the Ter
ritories gift of II 500 acres Of the public lands
per mile, contiguous to this line, and Gn appro
priatiOn from the National credit Of sixty NIL.
LIONS in 6 FER CENT. RoNDs, delivered as the
work progresses or half the 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 small per centage of their net earn.
| ings: they therefore, constitute an element OF
great strength 20 the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, IpkieA
shall be the first claim upon The IrhOIe railroad prop
crty and 10 rhich the lien Of The Government shall
be subordinate, as q means Of more readily sccur
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, n SEhNATIoNAL
| WORK aided and commended by the people, the
Legislative power, and the Executive officers
though it's management Is administered ttin all
the care and OTeLhOtght ~ he most eIHineI pirate
corporations. Being under the constant super
| yioiOn Of the Govenment-whO, being the pTin
| cipal creditor, accepts subordinate and cOntin
| gent lien-with so 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 10 conn.
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 COnyeTgiug Branches be-
| tween tho Missouri River and the base of the
| Rocky Mountains have been built within three
years. Tho CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried tho Main
| Stem Line from the steamboat navigation of the
| Pacific to the summit Of the Sierra Nevada, aud
| into the Great Salt Lake Basin eastlof the Cali.
| fOrnia line. Having overcome by far the most
|
line the probabilities of the through connection
with tho Eastern lines being effected in 1870
| 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 dc.
velOped upon the completed portion more than
! iustifying the estimates of its pIoicstors-that
/ the immense traffic between the ports of Cali.
! fOTnia and the mining regions Of tho int'' or
! would sustain a frst-Class RAILROAD line, even IL
| the overland connections were not built. Tho
net profit upon operating the link ol less than
one hundred miles, thus far, reaShCs nearly two
millions in gold; and this ratio will be doubled
during tho coming 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 incrcascd
80 that when the overland through traffic shall
| be ccutered upon the CENTRAL ROAD, the gen
cral prosperity Of the company will he without
parallel, and It's securities appreciated cores.
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIkST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
IBONDS, and submit 10 Investors TIE
following, among other obvious considera
ti0ns; and invite the comparison with the merits
and excellenCies Of any class Of Corporate So.
! Gurities:
I. These Bends arc based upon the most vital
Railroad. soon 20 become the main channel OF
communication on the continent
H. The local settlement and business there.
from is remarkably large and profitable, and
must constantly increase.
III The hardest part of the road 10 now
built, aud the remainder will be rapidly carried
| forward over the Salt Lake Plains.
| ". The greatest part Of the means necessary
/ TO build the road is provided 10y the U. :. Gov.
cTnment upon subordinate lien.
/ V. Tie State and chief cities Of California
have contributed upward OF S3OOorOO1 ~ the
enterprise without lisn.
! VI. The giant of land Is destined at an early
day t0 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 silver-producing regions, and lts revenues
are received in coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal,
| and the whole surplus, after payment Of expense
4
ses
| TX. The interest liabilities 81 the company
are evennow less than a third the net earnings
upon tie road pledged.
Y Both PRINCIPAL and Intern, are DdyaL< IA
Gold, under special provisions Of both National
and State enactment
/ The bonds are 10 sums Of 1000 each. with
semi-auuual gold coupons attached, and are Of
fered for sale at % per cent. % their par valne
and accrued interest from Jan. ]. aided, In cur
lrency.
The back interest Il charged at ak per cent
In currency. though repaid in full IN gid. Al
this time they yield nearly
MIyE PER CENT UPOY THg TYTE5T
! MEM