The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-24
Central Pacific Railroad First
Mortgage Bonds.

1t Is commonly known that the General Gov.
| ernmont for wise purposes, has given Its aid
and encouragement 20 the construction Of one
MAIN THROUGH LINE OF RAILROAD nom the Pa
cine Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Par
| cine Railroad system, and which win form the
| GRAND TRUNK ROUTE 20 the Far West
upon which the mighty traRscontinental trahic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying it forward with
| greater energy and persistence than was eyeR
| shown in any similar work In ancient or modern
times-will buila, equip, own and control tho
productive, favored and valuable portion Of tho
whole, and may Justly be regarded "a possessing
the richest franchise ever granted on this cond
nent.
The Act Of Congress conters upon the Corpe-
rations besides tho right Of way across the Ter
rtories gift Of - 500 acres OF the public lands
per mile, contiguous To this line, and an sppro-
pnation from the National credit Of sixty NIL
| LIONS in FER GRNr. BONDS delivered a. the
work progresses; OF half the estimated cost Of
the Through Line and Branches. These Sub
sdy bonds the company may cancel In . course
of years by the Transportation services Of the
Roads and small per osntage Of their net earn.
| ings; they, therefore, constitute an element q
great strength 10 the corporations.
| The Act further authorizes them 10 issue an
| equal amount OF their own First Mortgage
Bonds Of corresponding denominations, VA'eA
shall be the first claim upon he trhok railroad prop
erty, and % ohich TIE lien Of hs Government sAaf
be subordinate, as q means Of more readily sccur
ing the remaining half Of tho capital for the con,
struction; the equipments, &C. being provided
out of the capital stock subscriptions and other
| sources.
Tho great CENTRAL Pacific RAILROAD Is thoro
| fore, in an important sense, a SKhI'NATfoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive ohioeA
though its management Is administered vttl al
the care aud IOrethOught Qf he most eni'ent prfrdts
corporations. Being under the constant supcr
! yinion of the Government-who, being the prs
cipal creditor, accepts subordinate and oontin-
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 In
| the market possess the sane claims 10 conn
dence and market value, except those OF tho
| Government.
Under these favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnVcrging branches 10
tween the Missouri Riycr and the base Of the
Rocky Mountains have been built within thrC1
years. The CENTRAL PACIFIC RAILROAD M
also steadny and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific to the summit Of the Sierra Nevada, me
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 the Eastern lines being effected In 1870
amount almost TO certainty.
The prominent feature In the progress Of tho
CESTRAL PA IFIC RAILROAD Is the remarkably
l large and profitable Local Business which IL do
! veloped upon the completed portion more than
; iustifying the estimates Of its projectors-that
, the immense traffic between the ports Of Cali
} fornia and the mining regions OF the inter %
would sustain hrstClass railroad line, even II
the overland connections were not built The
net profit upon operating tho 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, whom the entire
mountain transit Is made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part are increased,
80 that whom the overland through traffic sha1
be conferred upon the CENTRAL ROAD, the Cos
eral prosperity Of the company will DO without
parallel. and its securities appreciated cores
pondingly. The CENTRAL PACIFIC RAILROAD
| COMPANY offor for sale thoirFIItST MORTGAGE
I THIRTY YEAR SIX PER CENT. GOLD
d N ID s, and submit 20 Investora Che
following among other obvious oonsidora-
tons; and invite the comparison with the merits
and eICellencies Of any class OF Corporate So
ourities:
J. Thsse Bonds are based upon tho most vital
and valuable part Of the Grand National Pacific
Railroad soon TO become the main channel Of
communication on the continent.
H. The local settlement and business there.
from Is remarkably large and profitable. and
, must constantly increase.
III The hardest part Of the road 10 now
built, and the remainder will be rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
70 build the road Il provided by the U. ,. Gov
eminent upon n subordinate lien
! V. The State and chief cities Of California
have contributed upward Of t3,OOoO00 20 the
enterprise without lien.
VI. The grant Of land IL destined At an early
} dag 20 prove ~ far greater market value than
the total Of the hInt mortgage bonds issued
upon the road and equipments.
VII This road lies altogether among tho gold
and silvor.produciDg regions. and It, revenues
are received Ia 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, IL devoted TO construction purps
ses.
TX The interest liabilities Of the company
are even now less than third the net earrings
upon the road pledged
X Both Principal aud IHlerea are payabk ~
God under special provisions Of both katiooas
Q and State enactment.
The bonds are In sum, OF 1000 each, VIII
semi annual gold coupons attached, and are o.
fered for sale at 95 per cent Of their par vh'ns.
: and accrued interest from Jan. J. adaed' IN cur
4 reney.
!. The back interest IL CHARGED At .iI per 'snt
!. in currency, though repaid In foI 10 g'sA- a
/. this time they yield nearly
!. r,rp pyR CEyE UPOS THE BvBsr.
These bonds bid fair 70 attain the nost yroun.
p meat position among the nOnSpecalAtiTs In
vestmsnts Of the country, and VII b astively
I eealt ~ AZ Ane LLslrl -erDtfea IN EUROPE.
HO.dsrs Of Government securities have an Op-
pOrtuHity Of exchanging them for Central Pa
eihc Bonds bearing an equal rate Of interest
with the principal vel secured, and Of
REALIZING A PROFIT or TEN TO IN.
8 TEEN PER CENT IN ADDITION
n Orders sent with the funds through respnn1r
be Banks or Express Companies win receive
prompt attention. BOnds ssnt by return II
- press 70 any address In the United StatSly
our cost INFORMATION. Descriptive Psnpn,sTssaL
Maps &c, furnished on application A. tns s 80
\ Of the Railroad Company. No. - "'Ni-'A
q -. nr.A n