The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-11
Central Pacific Railroad First
MOrtH age Bonds.


Mortgage Bonds.
II is commonly known that the General Gov
eminent, Tor wise purposes, has given ITS al
and encouragement 10 the construction OF on'
MAIN THRoUGa LINE OF RAILROAD from the Pa
eide Ucean across the Territories 10 connect
with the various Eastern braashes Of the IA
riiu Railroad system. and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trGRs-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whO are carving IL forward with
gre tier energy and persistence than was ever
shown IL any sir liar work In ancient or modern
time--WIll bui''i, equip. own and control the
Western Half Of this Through Line. the most
productive, favored and valuable portion OF the
whole and may Justly he regarded A. possessing
the richest franchise ever granted on this cont,
reut.
The Act OF Congress conters upon the Corpo
rations besides the right uf way acruss the Ter
ritorIrs Eft Of - 80 acres o. the pahlic lands
per mile, contiguous 10 this line and Gn appro
ntlAtlNl from kut -NallouA NlNalA VI sNAAl lAAts
LION, IN o rER CENT. EoNns, delivered a. tbs
work progresses; OF half tho estimated cost o.
the Through Liue aud Branches. These sub
sidy bonds the company may cancel IN csurs'
of Years by the transportation services Of th,
Roads and small per centAge Of their net carr
inE-: they. tn, reiOre, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First houcaEt
Bonds Of corresponding denominations, 'rhicl
shall D. the Ersf claim upon The t6hOS railroad prop
sTty aud 20 irhieh tAS hCR Qf uS Government shat
BE- subordinate. a means OF more readily sccur
ing the remaining half Of the capital for the con
struction; the equipments, &C being provided
out Of the capital stock subscriptions and othei
sources
The great CENTRAL Pacific RAILROAD il there
fore in an important sense, \ SEM-NATioNAl
WORK, aided and commended by the people, Tho
legislative poW eT. and the Executive officers
ibouu b it, management Is administered Uh al
the care and JorrthoUgh Of he most SHiHSni pnrat'
oorpOrd6onI Being under the constant SUPER
violon Of the GOyernment-Who being the prin
cipal creditor, accepts q subordinate and conun
gent lirn-with 40 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 san claims Ia conn
d-nce and market value, except those Of tbs
Government.
Under these favOrin auspices very gratifying
progress has been made IN extending the rsilroaa
track from both directions Nearly lJul ~ Ie'
uf the Main Line and csnvergiug Branches b.
tween the VI sSOuri River md the base Of th'
rrcky Mountains have been built within thrc'
years The CENTRAL Pacific RAILROAD la
also steadily and successfully carried the Mar
Stem inc from the steamboat navigation OF The
Pacific 20 the summit Of the Sierra Nevada am
into The Great salt Lake Basin east Of the Gall
iUrnia line Having overcome by IA the mos
dificuit and expensive portion Of the whoa
line the probabilities Of the through connection
with the Eastern lines being elected In 1874
amount almost 20 certainty.
The prominent feature in the progress 81 tn
CENTRAL Pacific RAILROAD i the remarkably
large and profitable Local Business which Is dc
yclupcd upon the completed portion, more thar
instifying the estimates OF its pigleCtor--tha
the Immense traffic beiw, en- the ports 81 Cali
fornra and the mining regions Of the int o.
would sustain hT-t-ClAss railroad line. even D.
the overland connections were not bult. The
net profit upOu operating the INK OF less Khan
or- hundred miles thus lar, reashrs nearly tW'
III Hons m gold aud this ratio will b- doubled
during the coming season, when the entIT,
mountains transit i made by the locomotive
With every extension u the track. the business
aud profits Of the G nplrted part are increased
80 that when the overland through traihe -hAi
be conferred upon the CtNTShL ROAD, the gen
.rIl prosperity of the company viii be WiihUu
garliirl and its securities appreciated CORES
pnudiugly The CENTRAL Pacific RAlLEnN
CONPANl offer for sale theirFIhST MOkIGAGI
THIETY.IEAR SIX PER CENT. COLL
BIO y DS aud submit 70 Investors ~
following, among other obvious consldera
tiuns: and invite the comparison with the merit
and ercrlleuci,s Of any class OF Corporal" ="
Surties:
J. These Bonds are based upsn the most vita
and valuable part Of the Grand National Pac!h'
Railroad. soon TO become the main channel o
communication on the continent.
II. The local settlement and business there
from is remarkably large and profitable, an
must constantly increasS
III. The hardest part Of the road IL not
built. and the remainder will be rapidly carrie'
forward over the Salt Lake Plains.
". The greatest part Of the means nece-sar
10 build The roAd i provided b. the L. :. Gov
eminent upon a subordinate hen.
Y. The state and chief cities Of CalifornI
have contributed upward Of 100000 20 Ii
enterprise without lien.
VI. The grant Of land Il destined Al an earl
/ the total Of the frst mortgage bonds Issue
/ upol the road and equipments.
! VII. This road lies altogether among the gol
and silveT-produciHg regions, and il revenue
are received in coin.
I VIII. The management Of tbs company ha
/ been in the highest degree prudent and iruEa
, and the whole -urpIus after payment Of e1pens
J and interest. "a devoted % contraction PuTp'
So
! TX The Interest liabilities IL the conpah
/ arr even now les than . third the pct earn %
upOn the rad pledged
K. Both PrHapal and Int,Test are payaJi<
G0ld. under special prOvisIODs d both AatIonl
and State ersctnyEi.
The bonds are In Sums Of 1900 sAsh. vi;
seni-auBual gold coupons attsehsd ara arc 2
ferei for sAle a. q5 per cent Of thstT par vain
and accrued interest frUm Jan. J. ADDED u ea
reDcy-
The back Interest II charged a. s!I per cen
in currency. though repaid IN ful IN Sod A
tbs time they yisld DsAriy
NINE PER cEYL UPOy ZEE IYTEs
NEST
, These bonds BID fair 10 attain the most pro
. lpent position among the nonsPscu!A;ive
} vestmeats Of the COUNTRY, and VII Be astFe
dealt in AZ The msosy -oFBtTes In EurOp-.
HO.dsrs OF G0Terumsbi securities have Al {
I porturity Of exchanging bsE fOE Central
else Bonds bearing an equal rate Of iHtsre
8 With the principal vel secured, and 81
REALIZING 4 PROFIT or EES TO n
TEEy PER oKyT. N ADDITION