The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-24
Central Pacific Railroad First
Mortgage Bonds.

Il is commonly known that the General Gov
ernmeut for wise purposes has given it, Aid
and encouragement tn the construction OF one
MAIN rHRoUGH LINZ oF RAILROAD from tho Pa.
eihc Ocean across the Territories 70 connect
with the various Eastern Braashes Of the Pa
ciho Railroad system, and which viii fcrm the
GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty transoOutinental traffic
will concentrate. gT a g
The CENTRAL PACIFIC RAILROAD
CoAPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any SIMILAR work In ancient or modern
tmes-will buIn, equip, ewn and control the
Western Half Of this ThrvuSh Line, the most
productive, favored, and valuable portion Of the
whole, and may Justly DO regarded a. Possessing
the richest franchise ever granted on this eond'
nent. .r H'.
The Act OF Congress oonfers upon the Corpo-
isupies SiSs Of ~ sos aeTs. o. ,Ss public i.nd.
Per mile, contiguous 70 this line, and an appre-
priation from the National credit Of SIXTY NIL
LIONS In PR CENT. BONDS, delivered - the
the Through Line and Branches. These Sub
sidy bonds the company may cancel In . osurse
Of years by the Transportation seryiccs Of the
Roads, and = small per csntagc Of their net earn
ings; they, therefore, consulate an element OF
great strength TO the corporations.
The Act further authorizes them 20 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, prAieA
sAau BE- the frst ctdim upon hf vhof railroad prop
srty, and 20 phicA he lien Of tie Government fhaA
b subordinate, as . means Of moro readily secur
ing the remaining half OF tho capital for the con-
aha nj heinQ
out Of the capital stock subscriptions and other
sources.
The great CKNTRAL PAcITIe RAILROAD 10 there
fore, in an important sense, SEAn-NArIoNAL
WORK aided and commended by the people, tho
Legislative power and tho Executive ofbcers
though its management Is ddRinistered tsiA az
he care aud JorstRo,gM Of he most sAinSut prSuuts
corporations. Being under the constant super
vinion Of the Government-who, being the prtn'
cipal creditor accepts subordinate and contiD-
gent hen--with 90 large an amount Of addition
al capital also invested In the propoIty pledged,
it In believed that no securities now offered In
the market possess the sane claims 70 conn
denoo and market vrlue, except those OF tho
Government
Under these fayoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 muoe
of the Main Line and converging Branches DO
tween tho Missouri River and the base OF the
Rocky Mountains have been built within three
years The CENTRAL Pacific RAILROAD has
also EteadlIy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 the summit Of the 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 tho 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 TIC RAILROAD IL the remarkably
large and profitable Local Business which IL do
velOped upon the completed portion, more than
iustifying the estimates OF ia ptoiectors-that
the immense traffic between the ports Of Cali
forniA aud the mining regions of the int'' OF
would sustain brStclaSs railroad line, even II
the overland connections were not built. Tho
net profit upon operating the link Of less 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 10 made by tho locomotive.
With every extension Of the track. the business
and profits Of the completed part are Increased;
so that when the overland through traffic shan
be- conferred upon tho CENTRAL ROAD, tho gen.
erAl prosperity Of the company will be without
parallel, and its securities appreciated corrcs
pondingly. The CENTRAL PACIFIC RAILkeAD
toNPANT offer for sale theirFIIlST MORTGAGE
THIRTY.YEAR SIX PR CENT. GOLD
BONDS, and submit 10 Investors ire
following, among other obvious considera-
TONS and invite the comparison with the merits
and eIcellencies Of any clhas Of Corporate So
entities;
l. Tbese Bonds are based upon the most vital
and valuable part Of the Grand National Paeiho
Railroad soon 10 become tho main channel Of
communication on the continent
IL The local settlement and business. there
from IL remarkably large and profitable, and
must constantly increase.
Ill The hardest part Of the road IL nov,
built, and the remainder will BE- rapidly carried
forward ever tho Salt Lake Plains.
". The greatest part Of tho means necessary
20 build the road IL provided by the u. y. Gov.
eminent upon q subordinate Hen
v The State aud chief cities Of California
have contributed upward Of 100000 TO the
enterprise without Lien.
VI. The grant Of land Is destined Al an early
day 10 prove Of far greater market value than
the total Of the arst mortgage bonds issued
upon the road and equipmsnts
VII. This road lies altogether among the gold
and oliver producing regions, and tts revenues
are received in coin.
VIII. Tbs management Of this company has
been IN the highest degree prudent and frugal.
and the whole surplus, after payment OF srpsnss
and interest. 10 devoted 10 construction purps
SEA
TX. Tho interest liabilities of the sompany
are even now lsas than . third the net earHinEs
upon the rad pledged.
7. Both Pnn1Ddi and Int<rsa are payabb q
Gold, under special provisions Of both Nations
and State ENACTMENT.
Ths bends are in sums Of tI9s each, With
ami annual gold coupons ATTACHED, and are o.
fered for sale st % per cent Of thsir pr vHos'
and accrued interest from Jan. J, sdasd' In cur
renoy.
Tho back interest Is eh.rFed, e.. q ~ ess'
In currency, though repssa +" -"
this time tksy yield ne@'p
rry PER CESI UPON TBg IEyYsr.
XgST
These bonds I'D fair % attain the meat prom
inent position among the nOnsyeculatiys IN
vestmsnts Of the country, and WIN b astiysly
dealt In At the msnsy-oeDtres IN Europe.
HOldsrs Of Government securities have en- op.
por,qnity Of exchanging them for Csntral Pa
eihe Bonds bearing al equal rate Of lntsresf
with the prineipA veil secured, and Of
REALLzIgG A PROFIT or TKE 10 HIY
TEEN PER CENT. IN ADDITION
Orders sent with the funds through resposa.
bic Banks CO RIpress Conpaniss Eln ~,
pres 70 any address In the rBited s..,IhJi
i aar cost InlOrpatiOn Descriptive -.
- =