The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-04
DESIRABLE
STEADY INVESTMENT.

STEADY INVESTMENT.
Principal & Interest in Gold Coin
The attentiOn.of Investors, TT stees, Execu.
tors, and Others desiring an unuI ially safe, re-
liable and profitable form Of permanent invest
ment is called TO the advantages and assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov.
ernmont for wise purposes has given it's aid
and encouragement 10 the construction of one
| MAIN THROUGH LINE or RAILROAD from the Pa.
cihc Ocean across the Territories 70 connect
with the various Eastern Branshes of the Pa
citc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West
upon which the mighty transcontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying it forward with
greater energy and persistence than, was ever
shown in any siRlilar 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 of the
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cont.
nent.
The Act of Congress confers upon the Corpo-
ratiOns, besides the right of way across the Ter
ritories gift of - 800 Of the public lands
per mile contiguous to this line, and en- appro-
priatiOn from the National credit of SIXTY NIL
| LIONS in 6 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 a course
of years by the Transportation services of the
Roads, and small per centage of their net earn
| lngS; they, therefore,, CODSllIHLe an element OF
great strength 10 the corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, lchich
shall be the first claim upon the i0h0le railroad prop
eTty, and 10 l0hich the lien Of The Government shall
| be subordinate, as 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, SEMI'NATIONAL
WORK aided and commended by the people, the
| Legislative power and the Executive officers,
though its management is administered ieih all
the care and COrethOugh Of The most eminent prirdt6
corporations. Being under the constant super
viHion Of the GOvernment-who, being the prin
cipal creditor, accepts a subordinate and cOntin-
gent len-with so 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 10 conh
dence and market value, except those of the
| Government.
Under these favOrng auspices very gratifying
| progress has been made in extending the railroad
| track from both directions. Nearly 1000 miles
of tho Main Line and convergiug Branches be-
| tween the Missouri River and the base OF the
Rocky Mountains have been 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 to 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 PA IFIC RAILROAD Is the remarkably
large and profitable Local business which is do.
| veloped upon the completed portion, more than
iustifying the estimates Of it, pToeCtOrs-that
| the immense traffic between the ports of Cali.
! fOrnia and the mining regions of the int'I or
would sustain frst-Class railroad line, even IL
the overland connections were not built The
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio viii be 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 arc increased;
| so that when the overland through traffic shall
| DO conferred upon the CENTRAL ROAD, the gen
eral prosperity of tho company will be without
parallel, and its securities appreciated cores
! pondingly. The CENTRAL Pacific RAILROAD
! COMPANY offer for sale theirFlkST MORTGAGE
! THIRTY.YEAR SIX PER CENT. GOLD
bonds and submit to Investors the
following, among other obvious cOnsidora-
| tons; and invite the comparison with the merits
and eTcellencies of any class OF Corporate 10.
| curities:
l. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
Railroad soon to become the main channel Of
communication on the continent.
H. The local settlement and business Their c.
from is remarkably large and profitable and
must constantly increase.
III. The hardest part Of tho road il now
built, and the remainder will be rapidly carrie Il
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
TO build the road il provided by the L. ,. Gov
eminent upon subordinate lien
V. The State and chief cities Of California
have contributed upward of sJ,OO0,O)J 10 the
enterprise without lien.
! vi The grant Of land Is 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
VII. This road lies altogether among the gold
and silyer-producing regions, and its 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 TO construction purps-
ses.
TX The interest liabilities Of the company
, are even now less than third the net earnings
upon the road pledged.
Y. Both Principal and IyltsTea are PAYABLE "
God, under special provisions Of both Nat!Ona
and State enactment.
The bonds are in sums Of 1900 each, will
mi-annual gold coupons attached, and are Of
fered for sale at % per cent. Of their par value
and accrued interest from Jan. ], aided, in cur
rency.