The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-12
Central Pacific Railroad First
Mortgage Bonds.

It IL commonly known that the General Gov
ernmsnt, for wise purposes, has given ia aid
and encouragement % the construction Of ent
MAIN THRoUGH LINE OF RAILROAD from the Pa
cific Ocean across the Territories 20 eonuec,
with the various Eastern branches OF the Pa
cifc Railroad system, and which viii form thu
GRAND TRUNK ROUTE To the Far West
upon which the mighty transcontinental traiit
will concentrate.
The CENTRAL PACIFIC RAILROAD
ara carrying il forward with
greater energy and persistence than was ever
shown In any siHiilar work in ancient or modern
times-will bni.n, 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 Tor
ritories, gift Of u, so acres Of the public lands
per mile, contiguous 10 this line, and an appro.
priation from the National credit of SIXTY NIL.
LIONS in PER CENT. BONDS, delivered rs the
work progresses; or half tho estimated cost of
the Through Line and Branches. These Sub.
OF years by the Transportation services Of the
Roads, and small per centage of their net earn.
lngs they, therefore, consulate 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 tohicl
shall be the first claim upon the Ichols railroad prop
erty and TO tohich the lien Of The Government shall
be subordinate, as q means Of more readily secur
ing the remaining half of the capital for tho con
struc:ion; 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 SEMI NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management Ia ddmiaistered itiA al
The care and Jorethotga Of The most eminent pripai.
Being under the constant super
vision of the Government-whO, being the prin
cipal creditor, accepts subordinate and contin
gent hen-with so largo 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 conf
dence and market value, except those Of the
Government
Under these favoring auspices very gratifying
progress has been made in extending the rairoal
track from both directions. Nearly 1900 mile,
Of tie Main Line and csnverging Branches be
tween the Missouri River and the base of Tn,
Rocky Mountains have been built within thrc'
years. The CENTRAL Pacific RAILROAD hai
also steadily and successfully carried the MaiI
Stem Line from the steamboat navigation of th'
Pacific TO the summit Of the Sierra Nevada, AM
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,
line, the probabilities of the through connection
with the Eastern lines being effected In IS7t
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL PA IPIC RAILROAD IL the remark abb \
large and profitable Local Business which is dc
velOped upon the completed portion, more than
iustifying the estimates of its pToiectOrs--that
the immense traffic between the ports of Cali
fOrnia and the mining regions of tho int,i oI
would sustain q frst-clRss railroad line oven Il
the overland connections were not built. Tn,
net profit upon operating the link OF less thar
one hundred miles, thus far, reaches 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 increased
80 that when the overland through traffic shal
be centered upon the CENTRAL ROAD. tho gen
eral prosperity Of the company will be Withou
pondingly. The CENTRAL Pacific RAILReAI
COMPANY offer for sale theirFIkST hORTG AGE
THIRTY-YEAR SIX PER CENT. COLL
b o IS, and submit 10 Investors th'
following, among other obvious COnSdera
tons; and invite the comparison with the merit
and excellencies Of any class OF Corporate SC
eurities:
I. These Bonds are based upon the most vita
and valuable part Of the Grand National PaGif
Railroad. soon to become the main channel o
communication on the continent.
IL The local settlement and business Their q
from is remarkably large and profitable, an
must constantly increase.
III. The hardest part Of the road Is nov
built, and the remainder viii be rapidly carrie
forward over tho Salt Lake Plains.
". The greatest part Of the means neoessar,
10 build the road In provided by the U. 3. Gov
erDment upon q subordinate lien.
V. The State and chief cities OF CaliforDi
have contributed upward Of t300O.ooO 10 Tia
enterprise without lien.
VI. The grant Of land IL destined At IN earl,
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's revenue
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 eIpensI
and interest, 10 devoted 70 construction purps
SEES.
TX. The interest liabilities Of the eompsn!
are even now les than third the net earning
upon the road pledged.
X. Both Principal and IEt>rea are pdya1l> 4
Gold under special proyisiOns Of botk Sationz
and State enactment
The bonds are in sums Of 1000 each. wit
semi-annual gold coupons attached, and are Ol
fered for sale at IS per cent Of their par yalut
rency.
The back interest II charged at six per con
In currency though repaid In full in goIf A
this time they yield nearly
NINE PER CENT. UPON THE ISVEs;
HEST
These bonds bid fair 10 attain the most yron
insnt position among the Ronspeeulstive q
yestnents Of the country. and Win be astiTel
dealt IN At the nsney centres In Europe.
Holders OF Government securities have 40 N
portunity Of exchanging them for Central y
eife Bonds bearing An equal rate Of interes'
with the principal well secured, ana OF
REALIZING A PROFIT or TEN TO PIJ
TEEN PER CENT IN ADDITION.
Orders sent with the funds through respons
BE Bank. or Express Companies VII receiv