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

1t is commonly known that the General Gov
ernmsnt for wise purposes, has given its aid
and encouragement 10 the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cihc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty transcontinental trafhs
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any siylilar work In ancient or modern
Western Half Of this Through Line. the most
productive, favored and valuable portion Of ths
whole. and may Justly DO regarded - possessing
the richest franchise ever granted on This ooAt-
nent.
The Act Of Congress oonters upon the Corpo
rations, besides the right Of way across the Ter.
ritories gift Of Il, so acres Of the public lands
per milo, contiguous 10 this line, and an Appro-
prAtion from the National credit Of SIXTY MI
LIONS in PER cEST. BONDS, delivered ~ the
work progresses; or half the estimated cost OF
the Through Line and Branchea These Sub
sdy bonds the company may caRcel In . course
Of years by the Transportation services Of the
Roads, and a small per csntage OF their net earn
ings; they therefore, constitute an element q
great strength 70 the corporations.
The Act further authorizes them 70 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, sA,eA
shall b. tho Erst claim upon hs lohos railroad prop
erty, and 10 Iohieh The lien Of us Government sAa1
be subordinate, as means OF more readily ssour.
ing the remaining half OF the capital for the con.
h. LT hat dad
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD 10 thers
fore in An important sense, . SEsu SATIoslL
WORK aided and commended by the people, the
Legislative power, and the Executive otiicerA
though ts management Is administered with 81
he care and JOTsthougt Of The moot annst pTsrdu
corporations. Being nnder the constant supd-
vision of the Government-whO, being the prtH'
cipal creditor accepts subordinate and contin'
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 IN
the market possess the sane claims 20 conh.
dence and market value, eIcspt those Of The
Government
Under these fsvoring auspices very gratifying
progress has been made In extending the railroad
track from both directions Nearly 1000 miles
Of the Main Line and convsrging Brsnchce BE-
tween the Missouri River and tie base OF ,hs
Rocky Mountains have been built withiR three
wears Tho CENTRAL PACIFIC RAILROAD has
alao steadiIy and successfully carried the kAir
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 the Call.
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 ls7s
amount almost 10 certainty.
The prominent feature in tho progress Of the
! CENTRAL PA IFIC RAILROAD Ia tho remarkably
| large and profitable Local Business which IL de-
| yelOped upon the completed portion, more than
| Justify Ing tue estimates AT its pIUjectors-that
| the Immense traibc hrIw'r IN the ports 81 Cali
/ frrnis ana the mining regions OF Tao int Or
would sustain tirst-clAss railroad line, even II
! the overland connections W. 10 not built The
net profit upon operating tho link Of less than
one hundred miles, thus Tar, reaches nearly tSo
millions In gold. and this ratio will be doubled
during the coming season, when the entire
mountain transit Il made by the locomotive.
with every extension Of the track, the business
and profits Of the completed part are Increased
40 that when the overland through traffic ahaH
be centered upon the CENTRAL ROAD, the gea.
eral prosperity Of the company will be without
parallel, and It's securities appreciated CORES
pondingly. Tho CENTRAL PACIFIC RAJLReAD
COMPANY offer for sale therFIkST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors TIE
following, among other obvious oonsidera-
tons; and invite the comparison with the merits
and eIoelleReies Of any class 81 Corporate Sc
Surities:
!. These Bonds are based upon the most vital
and valuable part Of tue Grand National Pacihc
Railroad soon 20 become the main channel OF
communication on the continent
H. The local settlement and business thers ..
| from Ia remarkably large and profitable, and
must constantly increase.
! Ill The hardest part Of the road IL now
built, and the remainder will Do rapidly carrie
forward ever the Salt Lake Plains.
! ". The greatest part Of the means necessary
/ TO build the road il provided by the U. ). Gov
| erBment upon a subOr diDate lien.
V. The State and chief cities Of California
have contributed upward Of tJ,OOo,Ooo 70 the
enterprise without lien.
VI. Tbs grant Of land Ia destined st an early
day 70 prove Of far greater market value than
! the total Of the Grst mortgage bonds Issued
upon the road and equipments.
! VII This road lies altogether among the gold
and silver producing regions, and its revenues
are received In coin.
VIII The management Of this company ha.
| been in the highest degree prudent and frugal.
and interest, IL devoted 70 construction purps
sea.
/ ~
| are even now less than . third the net sarhin 2,
| upon the road pledged
4. Both Principal and Tnt1ysR are payabk =
/. GoLd under special provisions Of both Sse0nd
and STATE enactment
The bonds are In sums Of tl0Os each. with
semi annual gold coupons attached, and are Of
fered for sale AZ % per cent Of their par value
and accrued interest from Jan. ], Adssd' In eur
reDey.
The back interest is charged a. sI1 seni
In e,fyysney. though repaid In fall N goa
this time they yield B'Ahy
r,vp PER oEEI. UPON TIE BTgsr.
XESL
! Tbe.s bonds bid fair 70 attain the sBsst prom
! iDSnt position among the nOu7spsculztivs In
| Testmsnts Of the country, and viii Be tsuveiJ
| dealt In az the msnsy-oebtrss in Europe.
! Holders Of Government securities hav. a. ~
portunity Of exchanging them for CsstrL Pa
/ eihe Bonds bearing an equal rate Of interest
| With the prineipAl vel secured, and Of
REALIZING PROFIT or rEy 70 yIy
,EEE PER CENT IN ADDIToE.
o-s,r, ..nt with - funds through respond
~. ~ YES Companis. VII r.esiVs
v mo attsatir;. Bosds ssnt By return IL
P.onP, - 49, Sldrsss In the United states, -
TdOrvation, Descriptive pamphlets,
49, - furnished on application AZ tho ofses
-. --Ailroad Company. No. 81 william
sire
FISK d HATCH,
Bankers and Dealers in GossTnment Securities
and FinsDeial Agents Of The Z. r X. 4 %