The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-11
DESIRABLE
STEADY INVESTMENT,
Principal & Interest in Gold Coin

The attention,of InvestOrs, Tt ,stses, EIecu
tors, and others desiring an unua tally safe, re
liable and profitable form Of permanent invest
ment, is called 70 the advantages aud assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
II is commonly known that the General Gov
eminent, for wise purposes, has given its AID
and encouragement To the construction OF ono
MAIN THROUGH LINE oF RAILROAD from the Pa
Citic Ocean across the Territories 10 connect
with the various Eastern branshes Of the Pa
CiiC Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying II forward with
gre ter energy and persistence than was ever
shown il any sir'ilar work In ancient or modern
times-will bui'I, equip, own and control the
Western Half Of this Through Line. the most
productive favored and valuable portion CT the
whole. and may Justly be regarded ~ possessing
the richest franchise ever granted on tuts cont.
ncnt.
The Act Of Congress conCers upOn the Corpo.
ratiOns besides the right Of way across the Ter.
ritOries a gift of IL 500 acres OF the public lands
per mile, contiguous 10 this line, and En appro
priatiOn from the National credit OF sixty NIL
LIONS in 6 FER CENT. HONps, delivered A. the
work progresses; or half the estimated cost OF
the Through Line aud Branches. These Sub
sidy bonds the company may cancel in csu'sC
of years 10y the Transportation services of The
Roads and small per centage of their net tarE
ings; they, therefore, consulate an element oi
great strength 10 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations ,ShieA
shall be he first claim upon the tchots railroad prop
er.y and % tchich the hen Of the Government sAGl
be subordinate as a 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 Is there
fore In an important sense, q SEMI. NATIONAL
WORK, aided and commended by the people, the
legislative power. and the Executive officers
though its management IL administered Nth a.
the care aud IOrethougA Of The most eminent pTirdtt
cOrpOrdtionS Being under the constant super
viSion Of the GoveTnment-who, being tine prin
cipal creditor, accepts subordinate and cuntin
gent lien-with 40 large an amount Of addition
al capital also invested In the property pledged
il is believed that no securities now offered ia
the market possess the sane claims 10 conf
drnce 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 c0nvergiug Branches be
tween the Missouri River and the base Of tn,
becky Mountains have been built within three
years The. CENTRAL Pacific RAILROAD hn
also steadily and successfully carried the Mali
Stem Line from the steamboat navigation Of Tia,
Pacific to the summit Of the Sierra Nevada, an'
into the Great salt Lake Basin east Of the Cali
fornia line. Having overcome by far the MOS
diticult and expensive portion OF tho who'll
line, the probabilities Of the through connection
with tho Eastern lines being effected In lHIl
amount almost TO certainty.
The prominent feature In the progress Of thu
CENTRAL PACIFIC RAILROAD IA the remarkably
large and profitable Local Business which Ia dc
velOped upon the completed portion, more thar
iustifying the estimates Of its pIOjectOrs-thI
the immense traffic between the ports Of Cali
fornia and the mining regions of the int o.
would sustain frst-Class railroad line, even u
the overland connections were not built. Ih'
net profit upon operating the link OF loss thaL
one hundred miles, thus lar, reaches nearly two
millions in gold; aud this ratio will bo doubled
during the coming season, when the entire
mountain transit is made by the locomotive
With every extension of the track, the business
and profits Of the completed part are increased
so that when the overland through traffic shall
DO ceutered upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and ia securities appreciated CORES
pondingly. The CENTRAL Pacific RAlLR0AI
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY YEAR SIX PER CENT. COLI
BIO n S, and submit TO Investors tl'
following, among other obvious considera
tiUns: and invite the comparison with the merits
and excellencies of any class OF Corporate -
gurities:
l. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacific
Railroad. soon 20 become the main channel o.
communication on the continent
II. The local settlement and business there
from il remarkably large and profitable, an'
must constantly increase.
III. The hardest part Of the road is nov
built and the remainder Will be rapidly CaTrie'
forward over the Salt Lake Plains.
". The greatest part Of the means ueoessar.
TO build the road is provided by the U. B. Gov
eminent upon n subordinate lien.
V. Ike State and chief cities Of EAliforp
have contributed upward Of S1oOo.OoO 10 tn
enterprise without lien.
VI. The giant OF land Is destiSed at an earl
day to prove of far greater market value thai
the total Of the first mortgage bonds issue
| upon the rosd and equipments.
! VII. This road lies altogether among the gol
and silverprodueing regions. and it, revenn"
! are received in coin.
| VIII. The management Of this company ba
been in the highest degree prudent and iruga
l and the whole surplus, after payment OF eIpens
and interest Is devoted to construction PuTp'
/ ses.
! TX. The interest liabilities Of the cOulpan
| are even now Ie-s than a third the net earning
upon the road pledged.
/ X. Both Principal and InterGst are payaJk
Gold, under special provisions Of both Nations
and state enactment.
The bonds are 10 sums Of 1900 each, wit
Bemisunual gold coupons attached, aud are o
fered fOr sale at 95 per cent Of their par valu'
and accrued interest from Jan. !. ADDED, In GU
rency.
The back interest IL charged At six par cen
In currency, though repaid In full In Gold. A
TINS time they yield nearly
VINE PER CENT TROY THE TYFE5
kRST