The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-12
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

The attention of Investors, TI-.stees, Execu-
tors, and others desiring an pnus lally safe, re-
liable and profitable form Of permanent invest.
ment, is called to the advantages and assurances
Of tho
Central Pacific Railroad First
Mortgage Bonds.
1t Is commonly known that the General Gov.
ernmspt, for wise purposes, has given its aid
| and encouragement TO the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa.
! cifc Ocean across the Territories 70 connect
with the various Eastern branshes Of the IA
| cihc Railroad system, and which viii form the
GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty trans-continental trafhc
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-whO ars carrying Is forward with
| greater energy and persistence than was ever
| shown in any similar work IN ancient or modern
times-will build, equip Own and control the
Western Half Of this Through Line, the most
productive, favored, and valuable portion oil 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-
fations besides the right Of way scross the Ter
ritories gift Of II 500 acres OF the public lands
per mile, contiguous to this line, and an aPpro-
priation from the National credit OF sixty NIL
LIONS in PER CENT. BONDS, delivered as the
| work progresses; or half the estimated cost Of
the Through Line and Branches. These Sub
sidy bonds the company may cancel In course
of wears by the Transportation servioes OF the
/ Roads and a small per centage Of their net carr.
ings; they, therefore, constitute an element OF
great strength 20 the corporations.
The Act further authorizes them TO issue an
canal amount of their own First Mortgage
Bonds of corresponding denominations, ''hieA
shall Be the TSt claim upon nc 'c'.oe Tdisrodd prop
ertv aud 10 tohieh the lien Of the Government shdH
be Stlbordinats as n means Of more readily secur'
ing the remaining half Of the capital for the con.
struction; the equipments, &c, being provided
out Of the capital stock subscriptions and other
sources
The great CENTRAL PACIFIC RAILROAD Ii there
fore. In an important sense, q SRMINAToNAL
| WORE aided and commended by the people, the
Legislative power, and tho Executive otncers,
though its management Is administered iettn az
the care and Joreth0ugt Of the most eminent private
corporations. Being under the constant super
/ yioion of the Government-who, being the prin-
cipal creditor, accepts subordinate ana o0ntlh'
i gent lien-with so large an amount OF addition
al capital also invested in the property pledged,
| ;S Gel alfa r-aAf Int N
the market possess the sane claims to comb
dence and market value, 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 and cOnverging Branches be
tween the Missouri River and the base OF the
Rocky Mountains have boon 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 10 the 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 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 PACIFIC RAILROAD IL the remarkably
large and profitable Local Business which is de-
veloped upon the completed portion, more than
justifying the estimates OF its PROFESSIONALISM
the immense traffic between the ports OF Call
II fornia and the mining regions OF the init or
would sustain hrst-clAss railroad line, even II
the overland connections we're not Dnilt. Inc
net profit upon operating the link OF less than
one hundred miles, thus Tar, reaches nearly two
millions in gold; and this ratio viii be doubled
during the coming season, when the entire
mOuntaiR transit Ia made by the locomotive.
a. A.. Il Nl..l. at0.saaa
and profits Of the completed part are increaAcdi
20 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gcR
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAllR9AD
lCoMPANY offer for sale theiTF Inst MORTGAGE
THIRTY YEAR SIX PR CENT. GOLD
BONDS, and submit To Investors TIE
following among other obvious oOnsidera-
tons; and invite the comparison with the merits
and oxcellenCies Of any class Of Corporate 70,
curities:
I. These Bonds are based upon the most vital
aud valuable part Of tho Grand National Pacific
Railroad, soon 10 become the main channel oil
communication on the continent.
II. The local settlement and business there
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IA now
built. and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
ITO build the road Is provided by the u. s. Gov.
eminent upon q subordinate lien.
v. Ike State and chief cities Of California
have contributed upward Of DOOO,OO " the
enterprise without lien.
vi. The grant ofIand IL destined at an early
day 10 prove Of far greater market value than
the total Of the first mortgage bonds Issued
upon the road and equipments.
and silverprOducing 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," 10 devoted 10 construction purpo-
ses.
TX. The interest liabilities Of the company
are even now les than . third the net earnings
upOn the road pledged.
X. Both Principal and IntSyea are payaAk ~
Gold under special provisions Of both National
; and State elaetment-
? The bonds are 10 sums Of 5000 each, With
semiagnual gold coupons attached and are Of.
fered for sale At IS per cent Of their par value,
and accrued interest from Jan. ], add, Ia cur
rency.