The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-12
Central Pacific Railroad First
Mortgage Bonds.

NhottHaA nOhuss
It Is commonly known that the General Gov.
ernmsut for wise purposes, has given Ia aid
and encouragement % the construction OF one
MAIN THROUGH LINK or RAILRoAb from the Pa
cihc Ocean across the Territories 60 connect
with the various Eastern branshes OF shs Pa
oifc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty trans-continentai traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-who are carrying e forward with
shown In any sipsilar work In ancient or modern
times-will buila, equip, own and control the
Western HAlf Of this Through Line, tho most
productive, favored and valuable portion OF the
whole. and may Justly DO regarded as possessing
the richest franchise ever granted on this couti'
nent
The Act Of Congress oonters upon the Corpo-
rations, besides the right OF way Across the Ter.
ritories gift Of IL 800 acres OF the public lands
per mile, contiguous to thi, linz, and an Appro-
priation from the National credit Of sixty NIL
LIONS In PR eEST. BONDS, delivered a. 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 tho
ings; they, therefore, constitute an element Of
great strength 10 tho corporations.
The Act further authorizes them to issue An
equal amount Of their own First Mortgage
Bonds Of corresponding denominations. ssAieA
shall be The first claim upon ne shols railroad prop-
erty aud 10 pAich he den Of bs Government shall
L.. AZ, lI.r
ing the remaining half Of the capital for tho oon.
struction; tho 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, q SEhI NATIONAL
WORK, aided and commended by the people, tho
Legislative power, and the Executive officers
though its management is administered VtuA az
The care aud JOrethOuJh Of s moot epstaeAt pvcdts
corporations. Being under the constant super
viBion Of the Government-who, being tho prin'
cipal creditor accepts n subordinate and contn.
gent hen-with 80 large an amount OF addition
al capital also invested in the property pledged,
IL Is believed that no securities now offered In
tho market possess tho sane claims 10 comb
dence and market vrlue, except those OF tho
Government
Under those favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 100 miles
Of the Main Line and conyerging branches DO
tween the Missouri River and tho baao OF the
Rocky Mountains have been built within three
years. The CENTRAL PACIPfc RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of tho
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Cali.
difficult and expensive portion Of tho whole
line, tho probabilities OF the through connection
with the Eastern lines being effected la 1910
amount almost 10 certainty.
The prominent feature in the progress Of the
CRETRAL PA IFIC RAILROAD IL the remarkably
| large and profitable Local Business which Is do.
veloped upon the completed portion, moro than
| lustifying the estimates Of ia pTojectorH-that
the immense traffic between the ports Of Cali
fornia and the mining regions Of the int,i or
would sustain trst-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 far, reaches nearly two
millions In gold and this ratio will bo doubled
during the coming season. whom the entire
mountain transit IL made by the locomotive.
With every extension Of the track tho business
and profits Of the completed part are increascd,
80 that when the overland through traffic sbaf
be conferred upon the CENTRAL ROAD, tho gen.
eral prosperity Of the company will be without
parallel, and it, securities appreciated corSeg.
pOndingly The CENTRAL PACIFIC RAILRGNb
COMPANY offer for sale theirFIHST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors TIE
following, among other obvious oOnsidera
tons; and invite the comparison with the merits
and eIcellenciss Of any class OF Corporate -.
Gunties:
l. These Bonds are based upon tho most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel Of
Communication on the continent
II. The local settlement and business there.
from IL remarkably large and profitable, and
must constantly increase.
III. The hardest part Of tho road Ia now
built, and the remainder win be rapidly carrie
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road II provided by the U. >. GOV
ernmsDt upon subordinate Hen.
" The State aud chief cities Of California
have contributed upward Of t5OOo,OOO 10 the
enterprise without lien.
W. The grant Of land Ii destised al an early
tho total Of tho arst mortgage bonds Issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions and it. revenues
are received In coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplus, aftsr payment Of expense
and interest, 10 devoted 70 construction purps'
| ses.
TX. The interest liabilities Of the company
are even now less than . third the net earrings
upon the road pledged.
X. Both PrineipaI and Inivea are payatk 30
God under special prUyislOns Of both National
and State enactment.
Tho bonds arc In sum. OF tlOes each, with
semi annual gold coupons attached, and are Of
fered for azls At 95 per cent. OF their par HAes'
and accrued Interest from Jan. !. sd4"d' In cur
rency.
The back interss. 10 eharfsd an ~ s IN psL e"s'
1 I'm e,tyyesey though repslH IN iun IN y'SA' N
this time they yield neafp
yIyE PER oESI. UPoy THE ISVBsT
NEWT.
These bonds bid fair 70 EttAin the most prom.
| inent position among the DOnBrscnlAilVs In
yestments Of the country, and VIII be aStively
dealt in At the msrsy centres In Europe.
Holders Of Government securities have an OPP
portunity Of exchanging them for Central Pa
/ einc Bonds bearing an equal rate Of interest
with the prineipal well secured, and Of
REALIZING 4 PROFIT OF TEY TO YrY.
TEEN PER CRBr. IN ADDITION.
Orders sent With the funds through r..pss1,
be Banks or Express Companies un ~,
prompt attention. B0nds ssnt ~ s.s. :.
pres 20 any address In the Uniteo e...,,,hl- =
our cost INFORMATION. Deser1ptse - !,
| ~. n furui.bed on aDp1cntio1 - 80 saaS'