The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-10


cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty transcOntinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-whO arr carrying IL forward with
greater energy and persistence than was ever
shown in any siRlil2r work in ancient or modern
lmes-will buii1, 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.
rtOries GIFT of Il, 500 acres Of the public lands
per mile contiguous to this line, and an apprO.
priation from the National credit Of SIKH NIL.
LIONS in fRR CENT. RoSps, delivered a. the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q course
Of years by the Transportation services Of the
Roads, and q small per centage OF their net carr.
ings they, therefore, consulate an element Of
great strength 10 the corporations.
The Act further authorizes them 10 issue An
equal amount of their own First Mortgage
Bonds of corresponding denominations, IohIeA
shall b. he frst claim upon he Irhos railroad prop
srty aud 10 irhich the hen Of TIE GOrsrnment SAdA
b. subordinate as q means OF more readily secur.
ing the remaining half Of the capital for the con.
the equipments, &c being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIc RAILROAD il there
fore, in an important sense, a SEM NATIONAL
WORK, aided and commended by the people, the
+ al nd ha E. iva nfh
though its management IL administered usA al
he care aud Joreth0tgh n Lhs most cHtne' prEdte
Being under the constant super
viHiOn Of the Government-who being the prin-
cipal creditor, accepts a subordinate and contin.
gent lien-with so large an amount Of addition.
al capital also invested in the property pledged,
IL is believed that no securities now offered Ia
the market posseas the sane claims 10 conf.
dence and market value except those Of the
Under these fayoTing 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 been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat nayi CATION 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 io1u
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 ia de
velOped upon the completed portion, more than
iustifying the estimates of it, pToIectOrs-that
the Immense traffic between the ports of Cali
lorna ana the mining regions Of the ints-s or
would sustain a frst-Class railroad line, even II
the overland connections were not built The
net profit upon operating the link Of lees than
one hundred miles, thus tar, reaches nearly two
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 tho track the business
and profits of the completed pIrt arr increased:
80 that when the overland through traffic shall
he conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel. and its securities appreciated CORES
pondingly. The CENTRAL PicIr1c R.ILEs Al
COMPANY offer for sale theirFIkST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
Il ON DIS, and submit 20 Investors TIE
following, among other obvious Considsra.
tons and invite the comparison with the merits
and eGcellenCies Of any class Of Corporate -
euritles;
]. These Bends are baSed upon the most vital
and valuable part Of the Grand National Pacific
Railroad, soon 10 become the main channel Oi
communication on the continent.
II. The local settlement and business Their g
from ia remarkably large and profitable, and
must constantly increase.
III The hardest part Of the road j. nov
built and the remainder will H. rapidly carrie
forward ever tho salt Lake Plains.
" The greatest part Of the rseans necessary
10 build the road is provided 10y the L :. Gov
eminent upon subordinate lien.
V. The State aud chief cities Of CalfoTBia
have contributed upward 81 sJSJ1,U9 10 thu
enterprise without lieu.
VI. The grant Of land is de-rised at an early
day 10 prove Of far greater market valne than
the total OF the Gr.t mortgage bonds issued
upon the road and equipments
VII This road lies altogether among the gold
and silver producing regions, and it, revenues
are received in coin.
VIII. The management 81 this COMPANY ha,
been in the highest degree prudent and frugal
and the whole surplus after payment % eIpenS
and interest, Is devoted 10 construction purps
AeS
TX. The interest Liabilities Of the COMPANY
are even nOW less than a third tie net earning
upon the rad pledged.
X 10th Principal and Int,rea are pdya5tr u
Odd under special provisions Of both SatiOna
and State enactment.
The bonds are in suuna Of tIOo Zach, viii
semi sunnAl gold coupons Attashed, and are Oi
fered for sale At IS per cent. Of their par value
and accrued interest frUm Jan. J, adaed 10 eur
rency.
The back Interest i. charged At <iI per esRi
in euyTeney though repaid IN fnll IN g0td. A
this time they yield nearly
NINE PER CENT UPOy THE BVEs1
XEgT.
Tbess bOBdsbid fair IN attain the most proa
Inent petition among the BOn-sps~ulatiTs n
ysstneIis Of tbs country, and viii b. sStivsl
dealt IN at The msnsy centres an Europe.
Holders Of GOvsTnmeIt securities have aD Oh
portubity OF exchanging them for Central r
sitc Bonds bearing equal rzts Of intere~'
with the principal wsll -seursd. and 81
REALIZING PROFIT or Ten TO IN
TERS PEI CEyT ~ ADDITIoS.
Ordsrs sat With the finds thEough resp0Ds
be Banks or EIpTezs Companies VII reeeIv
prompt attention. BOnds Ssnt BY return z
prsas 20 any Addrsss In the United States,
| our oOst Inforysti0., Descriptive pamphlet
Naps &C., furnisked on application At the 0fic
Of The Raiiroad Company. No. a WiDlAr
street. and Of
PISK q HATCH,
| Bankers and Dealers In G0verbBeut SeeuItts
and Financial Ageuts ofthe q. r X X Go.
i&9f No. S Easssu street, View York