The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-24
DESEBABL
STEADY INVESTMENT


tors and Others desiring an unui Tally safe, re
liable and profitable form Of permanent inVess
ment, is called to the advantages aud assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
It's commonly known that the General Gov;
eminent, for wise purposes, has gwen Its ala
and encouragement 10 the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cific Ocean across the Territories 10 connect
with the various Eastern Branshes Of the Pa
cifc Railroad system and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying it forward with
greater energy and persistence than was ever
shown in any siRlilar work in ancient or modern
buila, equip, own and control tho
Western Half Of this Through Line. the most
nroductive, 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 conters 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 this line and Sn appro-
priation from the National credit Of SIXTY MIL
LIONS in 6 PER CENT. BONDS, delivered rs the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sdy bonds the company may cancel IN course
of wears by the Transportation services OF the
Roads. and a small per centage of their net earn.
ings; they therefore, constitute 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, iohieh
shaU be the first claim upon the lChOe railroad prop
erty, and 10 lchich the lien Of the Government Shda
be subordinate as means OF more readily secur-
ing the remaining half of the capital for the con
structiOn; the equipments, &C. being provided
ont of the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RALROAD is there.
fore in an important sense, SEMINATlONAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered 10TH al
the care aud fOrethought Of the most eminent pirate
corporations. Being under the constant super
vision of the GOveTnment-whO being the Irin-
Cipal creditor, accepts subordinate anu c0ntin-
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 to conf
dence and market value, except those OF the
Government.
prbtq4sg tasSScG6 RiaHg III extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnvergng Branches he
tween the Missouri River and the base of the
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation of the
Pacific to the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east of tile Cali
fOTnia line. Having overcome by far the most
difficult and expensive portion of the whole
line the probabilities of the through connection
with the 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 do
velOpcd upon the completed portion, more than
iustifying the estimates of its pIOiectors-that
the immense traffic between the ports of Cali
fOrnia and tho mining regions of the int,I or
would sustain tirst-Class railroad line, sven n
the overland connections were not built. The
net profit upon operating the link of less than
one hundred miles, thus lar, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
transit is made by the locomotive.
With every extension of the track, the business
a Lat.
so that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen
eral prosperity of the company will be without
parallel and its securities appreciated CORES.
pondingy. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIkST MORTGAGE
SIX PER CENT. GOLD
b . n s. and submit to Investors the
among other obvious cOnsidera-
tons; and invite the comparison with themerits
and eIcelencies of any class OF Corporate Sc.
Gurities:
l. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
soon TO become the main channel of
on the continent.
H. The local settlement and business there.
from is remarkably large and profitable, an
must constantly increase
III. The hardest part of the road is now
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part of the means necessary
to build the road is provided by the U. ;. Gov.
upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward of g. 100000 to the
enterprise without lien.
VI. The grant of land is destined at an early
day to 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 gol
and silver.producing regions, and it's 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
and interest, ia devoted 10 construction purpS-
ses
TX. The interest liabilities Of the company
are even now less than third the net earnings
upon the road pledged.
X. Both Principal and Interest are pdydJk 10
God, under special provisions Of both NationA
and State enactment.
The bonds are in sums OF 1909 each, with
semi-sunual gold coupons attached, and are Of.
fered for sale at IS per cent. Of their par vAue.
and accrued interest from Jan. !, added in eur.
rency.
The back interest is charged at six cent
in currency though repaid in full in aid
this time they yield nearly
VINE PER CENT. UPON THE INVEST.
MENT
These bonds bid fair to attain the most prorn-
nent position among the nOnspeeulatiTe in
Of the country, and win be actively
iealt in at the msney centres in Europe
Holders OF Government securities have an Cd.
oortunity OF exchanging them for Central Pa
,itc Bonds bearing An equal rate Of interest
With the principal well secured, and Of
REALIZING 4 PROFIT OF TEN TO FTP
TEEN PEE CEST. IN IDDTTTOy