The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-11

enc ocean across the territories TO connect
| with the various Eastern branshes of the Pa
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 70 the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| C0MPANY-who are carrying il forward with
greater energy and persistence than was ever
shown in any siVilar work in ancient or modern
| times-will bui,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 DO regarded as possessing
the richest franchise ever granted on this conti-
nent.
The Act of Congress confers upon the Corpo-
| rations, besides the right Of way across tho Ter
rtOries gift Of - 500 acres Of the public lands
per mile, contiguous to this line, and en- appro-
priation from the National credit of SIXTY NIL
LIONS in FER CENT. BONDS delivered as the
work progresses; half the 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.
| ings; they therefore, consulate an element Of
| great strength TO the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, Ichieh
Shlnl De ct0lfl
erty, and 10 tUhich the lien Of the Government shall
be subordinate, as q 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 SEMNATfoNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers
though its management Is administered e'h az
the care ard Jorethoght Of the most eminent pirate
corporations. Being under the constant super
| vision Of the Government-who being the prin'
| cipal creditor, accepts subordinate and contin-
| gent lien-with 80 large an amount OF addition
al captal also invested in the property pledged,
| IL is believed that no securities now offered In
| tho 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 railroad
| track from both directions Nearly 1000 miles
| of the Main Line and cOnvergug Branches be-
| tween the Missouri River and the base of the
Rocky Mountains have been built within three
wears The CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 the summit of the Sierra Nevada aud
into the Great Salt Lake Basin east of the Cali
fornia line. Having overcome by far the most
| ultlCulL anu expensive EoEllOu Vi Nuo NubAe
line, the probabilities Of the through connection
with tho Eastern lines being effected in 1870
amount almost to certainty.
The prominent feature in the progress of The
CENTRAL PA IFIC RAILROAD Is the remarkably
large and profitable Local Business which Is dc
veloped upon the completed portion, more thar
iustifying the estimates of its pToiectors-tha
the immense traffic between the ports Of Cali
fOrnia and the mining regions Of the int,' Ol
would sustain frstclass railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus far, reaehes nearly two
millions in gold; and this ratio will be doubled
during the 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.
so that when the overland through traffic shall
be conferred upOn the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES
CoMPASY offer for sale theirFIkST MORTGAGE
Il THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors the
following, among other obvious Considera-
tions; and invite the comparison with the merits
and excellenciss of any class Of Corporate se
eurities:
J. These Bonds are based upon the most vita
and valuable part of the Grand National Pacific
Railroad. soon TO become the main channel o
communication on the continent.
! II. The local settlement aud business Their q
) from ia remarkably large and profitable, an
; must constantly increase
III. The hardest part Of the road Is nov
built, and the remainder will be rapidly carrie
forward over the Salt Lake Plains
". The greatest part Of the means necessar,
to build the road ia provided by the q. $. Gov
eminent upon n subordinate lien.
, V. The State and chief cities Of California
have contributed upward Of S30OOOOO to th
! enterprise without lien.
\ VI. The grant Of land is destined at an early
{ day TO prose Of far greater market value thar
0 the total Of the first mortgage bonds issue
5 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.
n VIII. The management Of this company ha
been in the highest degree prudent and fruga
and the whole surplus, after payment OF e1pens
and interest, Is devoted TO construction purp'
ses.
TX. The interest liabilities Of tie compAn
a are even now less than third the net earIiinl
a upon the road pledged.
\. Both Principal and TntSres are pdyaJL
Gold under special provisions Of both Nation
and State enactment.
The bonds are in sums OF 1900 each, wi
.
fered for sale At % per cent Of their par valu
and accrued interest from Jan. ], ADDED, In Gu
rency.
The back interest il charged at six per eel
IN currency though repaid In full In gold.
this time they yield nearly
NINE PER CENT. Upon THE ISVEi
These bonds I'D fair TO attain the most pro
meat position among the nonsPeeuiAis.Gg
restments Of the country, and VIE -
dealt In at the msnsy-eeDtres IN EuIopo- q
Holders Of Government securities hA nav. i
pOrtunity OF exchanging them foT 1.,.,.'
cifc Bonds bearing an equal rnte o.
with the principal well secured anu ~
4EArrrrro 4 PROFIT or TEN 70 ?!
TEEN PER CENT. IN ADDITION.
Orders sent with the funds through resp0E
HE Banks or Express Companies vii reee
prompt attention. Bonds ssnt by return
pres 70 any address IN the United states,
orr cost INFORMATION, Descriptive pamphl.
Maps, sc. furnished on application at the OF
Of the Railroad Company. No. - Will
street, and Of
FISK a. HATCH,
,n Bankers and Dealers IN Government Secunt
and Financial Agents Of the c. p 4. Z g
ia2i No Nassau street. New YOr'