The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-05

with the various Eastern Branshes OF the Ia
,itic Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 tue Far West,
upon " hich the mighty trans'continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying II forward with
greater energy and persistence than was ever
shown il any siVlilar work in ancient or modern
bui.r, equip, own and control the
Western Half Of this Through Line. the most
productive favored, and valuable portion Of the
whole. and may Justly he regarded "a possessing
the richest franchise ever granted on this CONT
nunt.
The Act Of Congress oonCers upon the CogpO'
rations besides the right of way across the Ter
ritories a gift of IL 500 acres OF the public lands
per mile, contiguous to this line, and en- Rppro'
priatiOn from the National credit of sixty MIL
LIONS in FER CENT. BONDS, delivered "a the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These sub
sidy bonds the company may cancel In course
of years by the Transportation services OF the
Roads and small per centage Of their net earn
ings; they therefore, consulate an element OF
great strength 10 the corporations.
The Act further authorizes thcm 10 issue an
equal amount OF their own First Mortgage
Bonds of corresponding denominations, irhich
shall be tc frSt clam upon the irhOll rdIrodd prop
'rtg and 10 irhieh the lien Of he Government ShdA
BE- subordinate, "a a means of more readily secur.
ing the remaining half Of the capital for the con.
stTuction: the equipments, &c, being provided
out of the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD Is there
fore in an important sense a SlMFNATiONNL
WORK, aided and commended by the people, the
Legislative power and the Executive officers,
though its management IA administered ic,h al
'hr ca re dad foretiouJht Of s most cneat pTirdts
corporations. Being under the constant super
yigOn of the GoveTnmcnt-whO, being TIE pm
cipal creditor. accepts a subordinate ana cOntln-
gent lien-with 80 large an amount Of addition
Al capital also invested in tho property pledged
iI Is believed that 10 securities now offered III
the market possess the sane claims 10 cont
dence and market value, except those OF the
Under these favoring auspices very gratifying
progress has been made IN extending tho railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnvergtne branches DC
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 Tue uEeib Sill Laht taah VI Nho sss'a
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 tho progress Of the
GENITAL PA IFIC RAILROAD il the remarkably
large and profitable Local Business which II de
velOped upoA the completed portion, more than
nj NT
the immense traffic between the ports of Cali
fornia and the mining regions of the into 81
would sustain tirst-class railroad line, even II
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 will be doubled
during the coming season, when the entire
mOuntaiR transit Is made by the locomotive
With every extension of the track, the business
and profits Of the completed part arc Increased
~ that when the overland through traffic shall
be centrrcd upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES
pOndingly. The CENTRAL PACIFIC RNiRDM
CoMPANY offer for sale theirFllIST MORTGAGE
THIRTY-YEAR SIX PER CENT. COLL
BONDS, and submit 10 Investors ta'
following. among other obvious considers
tions; and invite the comparison with the merit,
and excellencies Of any class Of Corporate se
onrities:
l. These Bonds are based upon the most vita
and valuable part Of the Grand National Paclh'
Railroad. soon to become the main channel o.
communication on the continent.
II. The local settlement and business Their e
from Is remarkably large and profitable, and
must constantly incroas0.
III. The hardest part 81 the road Is now
built, and the remainder will be rapidly carrie
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
To build the road Il provided by the L. y. Gov
eminent upon n subordinate lien.
V. The State and chief cities Of Callforni
have contributed upward 81 SJ0OO,OD to tb
enterprise without lien.
VI. The grant of land is destiped at Al early
day 10 prove Of far greater market value than
the total Of the first mortgage bonds ISSUED
upOn the road and 90 uipments.
VII. This road lies altogether among the gold
and silyerProducing regions, and il revenue
are received In coin.
VIII. The management Of this company Ia
been I'm the highest degree prudent and frugal
and the whole surplus after payment OF sHpsn-
and interest, Is devoted TO construction purPs
ses.
TX. The interest liabilities Of the cOmpan
are oven nov lees than a third the net earning
upon the road pledged.
Y. Both Principal and Tnt<rea are pSyaJlS 1
Gold, under special provisions Of both Nations
and btate enactment.
The bonds are in sums Of 1900 each, wit
ssmi-aunual gold coupons attached, and are Of
fered for sale az d per cent. Of their par value
and accrued interest from Jan. /, added, In eui
reBcy.
The back interest Il charged at III per cen
| in currency. though repaid Ia fall in goJd. A
this time they yield nearly
VINE PER CENT UPON THE YTgS
NEYE
/ These bonds Nd fair 20 stain the mO1 2rOr
4 insut position among the nOnSBseulAtiye i
! vestmenis Of tbo county, and viii BE- sstiye
dealt IN az the msney centres in Europe
/ Holders VI Government securities have an o.
/ portunity Of exchanging them for Central
I oife Bonds tearing An equal rate Of interes
with the principal well secured, and o.
REALIZING A PROFIT or TEN TO gL
TEEN PER CENT ~ ADDIEIOS.
Orders sent with the fHnds Through re<Po1s
be Banks OF Express Companies VIII receli
PROMPT attention. BOuds ssDt by return u
pres 20 Gny address in the United stsss.;
oEIr cost Information, Descriptive pamphlet
Man. ke., furnisked on application AZ the ON
Of the Raairoad Company. no. - Villa
street and Of
I FISK a HATCH,