The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-05


will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any similar work in ancient or modern
times-wil builn, 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- |
ratons, besides the right Of way across the Ter
ritories gift Of IL sou acres OF the public lands
per mile, contiguous ts this line, and an appro-
priation from the National credit OF SIXTY NIL
LIONS in PER CENT. RoNDs, delivered rs the
work progresses; or half the 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, constitute an element OF
great strength 70 the corporations.
The Act further authorizes them 10 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tohieh
shall be the first claim upon the tcOLe railroad prop
erty and % IGhieh the lien Of the Government ShdH
| be subordinate as a means of more readily secur
ing the remaining half of the capital for the con
| struction; the equipments, &c, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Ia there.
| fore in an important sense q SEAI-NATloNAL |
WORK aided and commended by the people the |
Legislative power, end the Executive officers,
though its management il administered ioih al
the care and fOTethOuJht Of The most eminent pirate
corporations Being Hnder the constant super |
visiOn of the GOvernment-who being the prn' |
cipal creditor accepts 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 in
the market possess the sane claims 10 COnii. |
dence and market value, except those Of the
Government
| Under these favoring auspices very gratifying
progress has been made in extending the railroad
| track from both directions Nearly 1900 miles
| of the Main Line and cenverginR 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 steadlIy and successfully carried tho 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 Call.
fornia line. Having overcome by far the most
difficult and expensive portion Ot 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 the
CESTRAL PA IFIC RAILROAD Is the remarkably
largo and profitable Local Business which is de-
| veloped upon the completed portion, more than
| iustffying the estimates of its professionalism
the immense traffic between the ports of Cali
fornia and the mining regions of the inter or
| would sustain first-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 reashes nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entlre
mountain transit is made by the locomotive.
| With every extension of the track, the business
and profits of the completed part are increased
so that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eTal prosperity of the company VIII be without
parallel and its securities appreciated cores
pondinCly The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFlkST MORIGAGE
! THIRTY.YEAR SIX PER CENT. GOLD
BONDS and submit to Investors TIE
following. among other obvious cOnsidera-
tiOns; and invite the comparison with the merits
and excellencies Of any class OF Corporate no
eurities
l. These Bonds are based upon the most vital
and valuable part of the Grand National Pacihc
, Railroad soon TO become the main channel OF
communication on the continent.
IL The local settlement and business there
. from il remarkably large and profitable, aud
: must constantly increase.
] III. Tie hardest part Of the road is now
0 built and the remainder will be rapidly carrie
j. forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road IA provided by tho U. ;. Gov
ernment upon n subordinate lien
V. The State and chief cities Of California
4 have contributed upward Of SJ,VO,WO 10 INC
4 enterprise without lien.
a VI. The grant Of land Is destined at an early
4 day 10 prove Of far greater market value than
o the total Of the first mortgage bonds Issued
a upon the road and equipments
VII. This road lies altogether among the gold
and silver producing regions, and ia revenues
are received in coin.
N VIII. The management Of this company ha
been I'm the highest degree prudent and frugal
and the whole surplus after payment OF eIpens
and interest, Is devoted to construction purps
Bes.
TX. The interest liabilities Of the cOmpan
" are even now less than third the net earring
= upon the road pledged
x. Both Principal and Interef are pdyaLI
GOLD under special proyisiOns Of both Nations
and State enactment
~ The bonds are in sums Of 1900 each, vii
semi-annual gold coupons attached, and are Q
fered for sale at % per cent. Of their par valu
and accrued interest from Jan. /, aided, In ca
rency.
The back interest Is charged at siE per eel
in currency, though repaid in full in gold.
this time they yield nearly
NINE PER CENT. UPON THE IyTEi
NEYT.
Tb,ss bonds bid fair To attain the not si'
iner,t Yo.,tsnn am0nz the nOn-sJ,,SS -
ye.tments Of the country, ana =, P1roue-
Iii, - AZ the money -centIe1 ~ - = a, n
aeaIt ~ a ~ GaTernfnsat securities have AZ
hs.e - exchanging them iof sHl. -.
Piss Ponds bearing an equA a. Sa,
.;,b tbe principal well seoof''' @-'
pp,LIzryG A PROFIT or TEN 10 II
TEEN PEE CENT. ~ ADDITION
orders sent with the funds through respoI
bIe Banks or Express Companies viii reee
prompt attention. Bonds ssnt by return
press 20 any address in the United States,
orr cost Information, Descriptive pamphl
+ Haps- &C, furnished on application at the Of
Of the Railroad Company, No. 81 viii
street, and Of
FISK d HATCH,
on Bankers and Dealers in Government securi
and FINANCIAL Agents Of the @. p T. X =