The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-06
Central Pacific Railroad First
Mortgage Bonds.

CGHlfl1 L ACtAC 4StAAAa OSAO u "a %
Mortgage Bonds.
II Is commonly known that the General Gov
ernmant, for wise purposes, has gwen us alu
and encouragement 10 the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc ocean across the Territories 10 connect
with fine various Eastern Branshts OF the Pa.
cifc Raj road system. and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty traRs-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
CUMPANY-whO are carrying il forward with
greater energy and persistence than was ever
shown In any similar work in ancient or modern
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 Contcrs upon the Corpo-
rations, besides the right Of way across the Ter.
ritories Gift of II sOO acres Of the public lands
per mile contiguous TO this line, and en- appro'
priation from the National credit OF SIXTY NIL
LIONS in FER CENT. BONDS, delivered as the
work progresses; or halfthe estimated cost Of
the Through Liue aud Branches. These Sub
sidy bonds the cOmpsny may cancel in course
of years BY the Transportation services OF the
Roads. and a small per Ceutage of their net carr.
inrs; they, therefore, constitute an element OF
great strength TO the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, rhich
shall be he first claim upon The irhOle railroad prop
eriv. and 10 lrIich hc lien Of the Government shall
be subordinate, as a means Of more readily secur.
ing the remaining half of the capital for the con.
stiuction; 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, SENl'NAIIoNAL
WORK aided and commended by the people, the
/ legislative power, and the Executive officers,
though its management is administered Uuh al
The care and fOrGtOUgh q the most eminent pirate
corporations. Being under the constant super
vigIon of the GOveTnment-whO, being the pTin'
cipal creditor, accepts subordinate and contin
gent licu-with so large an amount of addition
al CAPITAL also invested In the property pledged
IL Is believed that no securities now offered III
the market possess the sane claims To conn
drnce and market value except those Of the
Government
Under these iavuring auspices very gratifying
has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and converCing Branches be-
tween the Missouri River and the base OF the
Rocky Mountains have been built WITHIN three
years Tho CENTHAL PACIFIC RAILROAD mas
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 lar the most
difficult and expensive portion OF the whole
line the probabilities of the through connection
with the Eastern lines being effected in 1910
amount almost to certainty.
The prominent feature in the progress of the
CENTRAL Pacific RAILROAD is the remarkably
large and profitable Local Business which is de.
welcomed upon the completed portion, more than
iustifying the estimates Of its pTojectOrs-that
the immense traffic between the ports OF Cali
fOrnia and the mining regions of the int,' or
would sustain tirst.Class railroad line, even II
the overland connections were not built. The
net profit upon operating the link oil 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
mouufai transit Is made by the locomotive.
w
and profits Of the completed part are increased;
40 that when the overland through tr5dhc shall
be conferred upon tho CENTRAL ROAD, tho gen
eral prosperity OF the company will be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale thcirF IhST MORTG AGE
THIRTY.YEAR STX PER CENT. GOLD
BON DIS, and submit TO Investors tie
following. among other obvious cOHsidera-
tions; and invite the comparison with the merits
and cXcellenci5s OF any class Of Corporate Be-
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.
II. The local settlement and business there.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road is now
built and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road is provided by the U. y. Gov
eminent upon a subordinate lien.
V, Tho State and chief cities Of California
have contributed upward Of sJ,OOO,oOO TO the
enterprise without lien.
VI. The giant of land il desti2ed at an early
day 20 prove Of far greater market value than
the total Of the first mortgage bonds issued
upon the rosd and equipments.
VII. This road lies altogether among the gold
and silver-producing regions and it, 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, is devoted TO construction purpo
sea.
TX. The interest liabilities Of the company
are eveunow less than third the net earnings
upon the road pledged.
X. Both Principal and IlteJsst are pdydbte ia
Gold. under special provisions Of both National
and state enactment
The bonds are ia sums Of 1900 each, with
semi-annual gold coupons attached, and are Of
fered for sale at 9j per cent. Of their par value
and accrued interest from Jan. |. added, In cor
rency-
Tie back interest l. charged at six per ceRt
in eUTrsnc,I though repaid in full in gold. A
this time they yield nearly
NINE PER CENT UPON THE INVEST
HEYE
These bonds bid lair 70 attain the most prom
iuent position among the Donspeeulative in
vesrments Of the country, and win be astivel
dealt in At the msney centres in Europe.
Holders OF Government securities have an Op
portunity Of exchanging them for Central Pa
cifc Bonds bearing an equal rate Of interest
with the principal well secured, and Of
REALIZING i PROFIT IF Ten 70 FIE
TEEN PER CENT ~ ADDITION
Orders sent with the funds Through reEpOns
( bic Banks or Express Companies win rsoeiy
prompt attention. Bonds ssnt by return Il
/ press 10 any address IN the United states, =
/ ouF cost Information Descriptive Pamphlet
Mr. &c furuished On aUrl.icafiOu at the Ofbe