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

II is commonly known that the General Gov
ernmont for wise purposes, has given its aid
and encouragement TO the construction of ono
MAIN THROUGH LINE or RAILROAD. from the Pa.
cine Ocean across the Territories 10 connect
with the various Eastern branshes of the Pa.
citc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West.
upon which the mighty traRscOntnental trafae
will concentrate
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carry ing IL forward with
greater energy and persistence than was ever
shown is any sip'ilar work In ancient or modern
times-w1ll bui'a, equip, own and control the
Western Half of this Through Line. the most
productive, favored, aud valuable portion OF the
whole, and may Justly be regarded a. possessing
the richest franchise ever granted on this cont.
nent.
The Act of Congress conCers upon the CorpO
rations, besides the right Of way across the Ter.
ritories gift of ~ sou acres OF the public lands
per mile, contiguous 10 this line and Tn appro.
priation from the National credit OF sixty NIL
LIONS IN 6 FKR CENT. BONIs, delivered A. the
work progresses; or half the estimated cost Of
the Through Limo and Branches. These sub
sidy bonds the compsny may cancel In a course
Of years by tho Transportation services OF the
Roads, and a small por ccntage of their net earn
ings; they, therefore, consulate an element Of
great strength to tho corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations trAieA
shall Dc The first claim upon he iehoLs raiiruad prop
srty and 20 l0hich he hcH Of ia GorcrBmSni SHAH
BE- subordinate Rs y means Of more readily secur
ing the remaining half Of the capital for the
structioni the equpments, &c, being provided
out of the capital stock subscriptions and other
sources
The great CENTRAL Pacific RAILROAD 10 there.
fore, in An important sense, n SKM'NATioNAL
work aided and commended by the people the
Legislative pow eT, and the Executive officers,
though it, management Ii ddmiRistcTsd Btu al
The care and Corcth0t0h Of the most eminent pirate
corporations. Being under the constant super.
YiuOB of the COMMANDMENTS being tho prin'
cipal creditor, accepts subordinate and cuntin.
gent lcn-with so large an amount Of addition
al capital also invested In the property pledged,
a is believed that no securities now offered IN
the market possess the sane claims 20 conh.
donce and market vCluc, 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 aud converging branches 10
tween the Missouri River and the base Of tho
Rsckv Mountains have been built within thrco
Years. The CENTRAL Pacific RAiLkoAD has
also stcaduy and successfully carried the Main
Stem inc from the steamboat navigation Of th9
Pacific 10 the summit Of tho Sierra Nevada and
into the Great Salt Lake Baain east Of the Cali
fornia liI,e. Having overcome by far tho most
difficult and expensive portion Of tho whole
line the probabilities Of the through connection
with tho Eastern lines being effected In iS7O
amount almost 20 certainty.
The prominent feature In the progress Of the
CESTRAL PA INC RAILROAD IL tho remarkably
| large and profitable Local BusnesH which il de-.
yelOpcd upon the completed portinn, more than
Justify ing tho estimates of its ptoJeotOrs-that
the immense traiic between the ports Of Cali.
fOrnia and the mining regions Of tbs int Ot
would sustain a hrstclaKs railroad line, sven u
the overland connections were not built. The
net profit upon operating tho link Of less than
one hundred miles. thus far, reaches nearly two
millions In gold and this ratio will be- doubled
during the coming season when the entire
mountain transit Is made by tho locomotive
with every extension Of the track, the business
and profits Of the completed part are Increased,
10 that when the overland through traffic sIah
be conferred upon tho CENTRAL ROAD, tho pn
eral prosperity Of the company viii be without
parallel, and lie securities appreciated corrS
pondingy The CENTRAL PACIFIC RAILRa.D
COMPANY offer for sale theirFlhST MORTGAGE
THIRTY.YEAR SIX PR CENT. GOLD
NDS and submit 10 Investors EH
tons. and invite the comparison With tho inertia
and eIcsllenoics Of any class Of Corporate ~
GuTitles
/ These Bonds arc based upon tho most vital
and valuable part Of the Grand National Pacific
Railroad soon 10 become tho main channel Of
Communication on the continent.
II. The local settlement and bushes. there.
from il remarkably large aud profitable, and
must constantly increase.
III. The hardest part Of tho road 10 now
built and the remainder will be- rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of tho mean, necessary
10 build the road II provided by the Z. b. Gov.
eminent upon = subordinate lien
V. Tho State aud chief cities Of California
have contributed upward Of D,Oo,V0O 20 The
enterprise without len.
VI. The grant Of land IL destined At an early
day ~ prove Of far greater market valns than
the total ~ the arst mortgage bonds Issued
upon the road aud equipments.
VII This road lies altogether among the gold
aud silver producing regions, and it, revenues
are received la coin.
VIII. The management Of tbis company has
been Ia the highest degree prudent and frugal.
and the whole surplus after payment OF eIpenss
and interest IL devoted 10 construction paTps
sss.
TX. The interest liabilities Of the company
are even now les than a third the net sAThinEs
upVn the road pledged
K. Both Principal and IhiNer are payab1 4.
| God, under special provisions Of both Nations
and STATE enactment.
/ The bonds are 10 EumI Of tI00o each, With
semi annual gold coupons zttanheS and ar. 81
| fersd for sals at % pr cent OF thtir par 1Ans'
and accrued interest from Jan J. ADDED Ia cur
rency.
III. t..L i,,.s,o.t IL charged ~ hIy cent
f., .,,evS-.,, tbouEk repaid IN fall In goh. A
al. tins ibsy yield nsany
VINE PIX CENT UPON TIE HVEsr
HEYT
Thee b0nds I'D fair 70 attain the nos. yr0za-
insnt position among the BonspseulAtiTs In,
vesttnsnts Of the country, and VII b. AstlvslJ
dealt In At the msney-osbtrys In Kurope.
HOldsrs Of Government securities have an en-
portuDity Of exchanging them for CsuusI Pc
cihc BJnds bearing an equal rate % Interest
with the PRINCIPAL well secured Aad of
REALIZING 4 PROFIT OF TES To gIY
TEN PER CENT IN ADDITION
Orders ssBt with the fund.- through respond
be BAnks o. Express COmpzEies wiz reeslTe
prompt attention BOnds s.nt by return EI
pres 70 any address In The Unitsd stAtss, 81
our cost InfOTIrEtion, DeSeripuvs panphlsts
Maps &c furnl.hed on application a. the oites