The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-08

CluC system, 1uu WHICH Will lOrul inc
GRAND TRUNK ROUTE to the Far West,
upon which the mighty traps-coutinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown IN any siVlilar work in ancient or modern
times-will buiia, 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 "a possessing
the richest franchise ever granted on this cont.
nent
The Act of Congress confers upon the Corpo-
rations. besides the right Of way across the Ter
ritories gift Of - sou acres OF the public lands
per mile, contiguous TO this line, and an appro-
priation from the National credit Of Sixty NIL
LIONS in 6 FER GRST. BONDS, delivered as 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, consulate an element Of
great strength 20 the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, aohich
shall be the first claim upon the phoe railroad prop.
erty, and % ichich the lien Of the Government shall
be subordinate, as means OF moro readily secnr.
ing the remaining half OF the capital for the con.
struction; tho equipments, &c, being provided
ont of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAD Is there
fore, in an important sense, q SEAFNATIoNAL
WORK, aided and commended by the people the
Legislative power, and the Executive officers,
though its management is administered nth al
The care and OrethOugt Of TIE most eminent pirate
corporations. Being under the constant super
viDi0n Of the Government-who, being the prin'
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 cont.
lence 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 1000 miles
Of the Main Line and cOnYerging 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 steadiy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific TO the summit of toe Sierra Nevada and
into the Great Salt Lake Basin east of the Cali
fornia line. Having overcome by far the most
difficult and expensive portion OF the whole
with the Eastern lines being effected In ls7O
| amount almost TO certainty.
The prominent feature in the progress of the
CENTRAL PA IFIc RAILROAD is the remarkably
large and profitable Local Business which il do.
veloped upon the completed portion, more than
iustifying the estimates OF its proiectors-that
the immense traffic between the ports of Cali
fornia and the mining regions of the int,' or
yrould angtaiu nTst-glngs railroad line If
| 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
mountain transit IL made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are increased;
80 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD the gen.
eral prosperity of tho company will be without
parallel, and its securities appreciated correa
pondingly. The CENTRAL PACIFIC RAILROAD
| COMPANY offer for sale theirFIRST MORTGAGE
| THIRTY.YEAR SIX PER CENT. GOLD
BON DS, and submit 70 Investor. TIE
| following, among other Obvious considera.
tons, AMI invite the comparison with the meiitA
and excellencies Of any class Of Corporate ~
euriues:
!. These Bonds are based npon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon to become tho main channel OF
communication on the continent.
II, The local settlement and business ther e
from u remarkably large and profitable, and
must e0ustsnty increase.
III. The hardest ,psE: Of the road Ia now
| built and the remainder wiz be rapidly carried
| forward over the Salt Lake Plains.
|
". The greatest part Of the IpeaDs necessary
to build the road Is provided by the g. &. Gov
eminent upon subordinate Hen.
| v. The State aud chief cities OF CalifOrnis
have contributed upward OG 100000 to ih'
enterprise without lien.
I VI. The grant Of land n destined at an early
day to prove Of far greater market yalne thar
the total Of the frst mortgage bonds issnec
4 upon the road and equipments
VII. This road lies altogether among the gold
and siiver.producing regions, and its reveune
are received in coin.
| VIII. The management of this company Ia
been in the highest degree prudent and frugal
and the whole surplus, after payment OF eIpens
and interest, is devoted 70 construction purpt
ses.
,, TX. The interest liabilities Of the eOrupan
are even now lesa than third the net earning
upon the road pledged.
X. Both PInepaf and I'ute'e.t are psystk
Cod under special provisions Of both Nations
and State enactment
The bonds are In sums Of 1900 each. wit
semi-aunual gold coupons attached, and are o
fered for sale at % per cent. Of their par VAin'
1 and accrued interest from Jan. I. ADDED IN chi
reDey.
Tie kaak interest Il charged at six per cen
in e,trreS.oy. though repaid In full In gold. A
this time they yield nearly
NINE PER CENT. UP0S THE EyVEs
These bonds I'D fair to attain tie most ysoi
ibent position among the n0nSpccuiaiive
vestrnents Of the country. and vii be sStiys
dealt in at the nsney.ceDtres In Europe.
| Holders Of GOysrnrneDt securities hsve an Q
portunity Of exchanging them fOr CentfHl ]
eike B0nds bearing an equal rate q iDisTes
with the principal wen secured, and of
REALIZING PROFIT OF TEN 10 III
! TEEN PER CENT IN ADDITION.
Ord.xs ssut .sxb the funds through respon
BILE Bank or E1peess Csmpanies VOL teesl
prompt Alteration. s" q ,ls T.s;sS s,s,e. q
- go Ilsarsa1i6n, Descriptive p2mpble
9 W.ns Se fuznIsased On application az the OH
\ Of he RaiIsasf ClnpABy. No. a Whlia