The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-29
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that TIA General Gov.
ernmsnt for wise purposes has given its ala
and encouragement 70 the construction OF one
MAIN THROUGH LINE OF RAILROAD frVn the Pa
t-cihc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa,
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Ear West.
upon which the mighty trans-continental trafae
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying it forward with
greater energy and persistence than was ever
shown In any siv,ilar work In ancient or modern
times-will bui,a, equip, own and control the
Western Half Of this Through Line, the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded rs 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.
ritoTfes gift Of II 500 acres OF the public lands
per mile contiguous 70 this line, and an Appro.
priation from tho National credit OF SIXTY NIL
LIONS in FER CENr. BONDS, delivered a. the
work progresses; or half tho estimated cost OF
the Through Lao and branches. These Sub.
sidy bonds the company may cancel In q course
Of years by the Transportation services OF tho
Roads, and q small per coniage Of their net earn.
ings; they, therefore, consulate an element OF
great strength % tho corporations.
The Act further authorizes, them TO issue an
equal amount OF their own First Mortgage
Bonds Of corresponding denominations ioAieA
shall be the first claim upon he iohols Tdlroddpro
crty aud % i0hieh tie iiSn QI he 0Opernmslsf shall
be subordinate, as a means Of more readily secur.
fv, tffn hal nffk a r.,
struction; the equipments, 80, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Is there
fore in an important sense q SEMINAuoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered icith al
he care and fOrethOught QI The most eminent pirate
corporations. Being under the constant Aupor-
vision of the GOvernment-whO, being the Irin'
cipal creditor accepts a subordinate and contin.
gent lien-with 50 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 90 conh.
dence and market value, except those Of the
Government.
Under these favoring auspices very gratifying
progress has been made in extending the Nilroad
Tr a. fCGyG h pth directions. Nearly 1000 miles
OF the Main Line ana cun'orgiug Branches Sc
tween the Missouri River and the base OF tho
Rocky Mountains have been built within throo
years. The CENTRAL PACIFIC RAILROAD has
also stcadiiy and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific TO the summit of tho Sierra Nevada, and
into the Great Salt Lake Basin east of tho Cali.
fornia line Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected In 1910
amount ALMOST 10 certainty.
The prominent feature in the progress Of tho
CENTRAL PA VIC RAILROAD IL the remarkably
large and profitable Local Business which Il do.
velopod upon the completed portion, more than
lusuiying the estimates Of ia professionalism
the lmmenss traffic between the ports Of Cali
fornla and the mining regions Of the inter or
would sustain hrst-class railroad line even N
the overland connections were not built The
net profit upon operating the link Of less than
one hundred miles, thus TAR, reaches nearly two
millions in gold; and this ratio viii DO doubled
during the coming season, whom the entire
mountain transit In made by the locomotive.
With every extension of the track, tho business
and profits Of the completed part arc increased;
20 that when the overland through traffic shah
be centered upon the CENTRAL ROAD tho gen.
eral prosperity Of the company viii be without
parallel, and lis securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIEST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors tho
following, among other obvious considora-
tons; and invite the comparison with theJnerits
and crcellences Of any class Of Corporate ~.
Guritios:
/. These Bonds arc based upon the most vital
aud valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel Of
communication on the continent
H. The local settlement and business there.
from il remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built and the remainder will DO rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road is provided by the U. 5. Gov.
eminent upon q subordinate hsn.
V. The State and chief cities Of California
have contributed upward Of DOOO,OOO 10 tho
enterprise without Hen.
VI. The grant Of land Ia destined at an early
day 10 prove Of far greater market vAlne than
tho total Of the first mortgage bonds issued
upon tho road and equipments.
z VII This road lies altogether among the gol d
airs received In coin.
VII The management Of this company has
been in the highest degree prudent and frugal.
and the whole surplus, after payment OF expsnss
and interest, Is devoted 10 construction purps-
ses.
TX. The interest liabilities Of the company
are even now less than a third the net earbinEs
upon the road pledged.
X. Both Principal and IBtersH are payabk p
Cold under special provisions Of both Nations
and State Enactment
The bonds are in sums Of 1900 each, with
semi annual gold coupons attached and are Of.
fered for SAIs at % per cent Of their par ysin1,
and accrued interest from Jan. !, adasd, In eur.
rency.
The back interest IL charged AZ SKIP cent
In e,ryySIrg though repaid In full In go;d. A
this time they yield nearly
NINE PER CENT. UPON TIE HvEsr.
HEgT.
These bonds bid fair 90 attain the most prom
iDsnt position among the nOn@yeculAtiVs In
vestments Of the country, and WIN be Astively
dealt n az The msney-oeBtres In Europe
Holders Of Government securities have an op-
pOrtunity Of exchanging them for Central Pa
cihc Bonds bearing an equal rate Of interest
With the principal well secured, and Of
REALIZING PROFIT or TEy TO ZIP
TEEN PER CENT IN ADDITION.
Orders ssnt with the funds through responsl-
bic Banks or KIpress Companies viii reeeive
prompt attention. BOnds ssnt by return Rr
pres 20 any address In the United States a
our cost Information, Descriptive pamphlets.
MAJ. &c. furnished on application At the oflcs
Of the Railroad Company. No. 81 William
street and Of