The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-05
Central Pacific Railroad First
Mortgage Ronds.

II Is commonly known that the General Gov.
eminent, for wise purposes, has given its aid
and encouragement TO the construction Of one
MAIN THROUGH LINE or RAILRoAp, from the Pa.
with the various Eastern branches Of the Pa.
citc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty trans-ocntinsntal traffic
will concentrate. r's .H'EE
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying &c forward with
greater energy and persistence than was ever
shown IN any siR,ilar work In ancient or modern
times-will bui.u, equiP, own and control the
Western Half Of this Through Linz. the most
productive, favored and valuable portion Of the
the richest franchise ever granted on this cont.
nent ahT
The Act Of Congress eonfers upen the Corpo-
rations, besidea the right Of way aoross the Tor.
%I St o. y Ss a.
priation from the National credit Of SIIri NIL.
LIONS in PKR eKNI. Boxps, delivered a the
work progresses; or half tho estimated cost Of
the Through Line and branches. Thess Sub
Of years BY the Transportation services Of the
Roads and small per osntAgs Of their net earn.
ings they, therefore, oonstitsts an element Of
great strength 10 tho corporations,
The Act further authorizes them 70 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, vlieA
shall be the frf claim upon tie rAol< railroad prop
ertv and % tsAicA the Ian Of lhs Goysrnlsni sAaH
be subordinate, Ne means Of more readily secuH
ing the remaining half Of the capital for the con
structon; the eQuipmentA &c, being provided
out Of the capital stock subscriptions and Other
sources.
The great CKSTRAL PAriSle RlLsoAD 10 thore
fore In an important eense, q SKhi NATIONAL
WORK aided and commended by the people, the
Legislative power and the Executive ofticorA
though its management Ia administered piA %
the aud gOrehOugh Of Lhs most s,alnSnf pricnte
corporations. Being under tho constant sups
vioion of tho GOverpment-who, being tho prisr
Cipal creditor, accepts subordinate aud contn.
gent icn-with 40 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 the sane claims 10 comb
donco and market vrluc, except those Of tho
Government.
Under these favoring auspices very gratifying
progress haA been made In extending the railroad
track from both directions. Nearly 1000 milas
of the Main Line and cOnyerging Branches DO
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years. The CENTRAL PAcif1o RAILROAD has
also steadIiy and successfully carried tho Main
Stem Line from the steamboat navigation Of the
Pacific TO tho summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Cali.
fornia line. Having overcome by far the most
difficult and expansive portion " tho whole
line. the probabilities OF the through connection
with tho Eastern lines being effected la 1870
amount almost 10 certainty.
The prominent feature In the progress Of the
CENTRAL PA IFIc RAILROAD u the remarkably
large and profitable Local business which IL do.
velOped upon the completed portion, moro than
iustifying the estimates Of IL Professionalism
the immense traffic betWren tho ports Of Cali
fornla and the mining regions Of the int'r or
would snstaip first class paiiroad line even II
the overland CONNECTIONS we're not built The
net profit upon operating the link Of less thAn
one hundred miles thus faf, rsashes nearly two
millions in gold; and this ratio viii be doubled
during the coming season, when tho entire
mountain transit IL 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 ann
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity u the company will be without
parallel, and its securities appreciated CORES.
pondingly. The CENTRAL PAcIgc RAILROAD
COMPANY offer for salo theirFIlLST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BON and submit 70 Investor. TIRE
following among other obvious oonAidora-
tions: and invite tho comparison with the merits
and cKoollenoies Of any class OF Corporate so
Gurties
]. These Bonds are based upsn the most vital
and valuable part Of the Grand National Pacific
Railroad. soon "a become the main channel Of
communication on the continent
II. The local settlement and business there.
from Ia remarkably large and profitable. and
must constantly increase.
III. The hardest part Of the road 10 now
built, and the remainder viii be rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road IL provided by the o. T. Gov.
eminent upon q subordinate lien.
v. The State and chief cities Of California
have contributed upward Of 100000 10 the
enterprise without lien.
VI. The grant Of land IL destined at an early
day 10 prove 81 far greater market value than
the total Of the first mortgage bonds issued
uPoa tho road and squipmsnts-
VII. This road lies altogether among the gold
and silver producing regions, and lie revenues
are received In com.
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, IL devoted 70 construction purps
ses
arc even now lea than . third the net sarHinEs
upon the road plsdgsd
COLA under special provisiOns Of both National
and STATE enactment.
The bonds are In sums Of 800 each, vita
semi annual gold coupons ATTACHED and are Of
fered for sale ct e5 per cent. Of thsir par VAns'
and accrued I2tsrest from Jan. !. sd<sd' 10 cur
reney.
I'll. h.,k interest IL charged =, dI per cent
f.. s,,e,Snev. though repaid IL fall In geld.
thls time they yield nearly
NINE PER CENT UPoS THE HVBsr
HE'LL
These bonds bid fair 20 attain the most pro<n-
iBsnt position Asn0uE the EOn-sDeculAtiys In
Vsstmsnts Of the country, and win b. aStivsly
dealt IN II the msnsy-oeDtres In Europe
HOldsrs Of GOvernment securities have 40 OD.
pOrtunity 81 exchanging them for Central Pa
cife Bonds bsartDg an equal rate Of interest,
with the principal well secured, and Of
REALIZING A PROFIT or TIN 70 IN.
TEEN PER oEHT. IN ADDITION
Orders ssnt With the funds thrOuse RESPONSE
bic Banks OF Express Conpaniss VII nees.s
prompt attention. Bonds sspt ~ noh II
press 70 any address IN the Uai.sa $50.