The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-01


cific Railroad system, and which will form the
GRAND TRUNK ROUTE to the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any siVNilar work in ancient or modern
buil1, equip, own and control the
Western Half of this Through Line the most
productive, favored and valuable por ton Of the
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cont.
ut 1t.
The Act Of Congress confers upon the Corpo-
rations, besides the right Of way across the Ter
gift Of L. 800 acres OF the public lands
per mile, contiguous to this line, and en- appro-
pration from the National credit Of sixty NIL
LIONS in PER CENT. BONDS, delivered as the
work progresses; Or half tho estimated cost OF
the Through Li0e and Branches These Sub
sidy bonds the company may cancel in n 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 10 the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, iohieA
shall be the first claim upon The trhote railroad prop.
erty, and 20 phieh the lien Of The Government shall
be subordinate, as 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 is there,
fore In an important sense, q SRMI NATIONAL
WORK, aided and commended by the people the
Legislative power and the Executive officers,
though its management IL administered nth all
the care and JorethOugh Of The most eminent pirate
corporations. Being under the constant super
vioion 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 TO conn.
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 1000 miles
Of the Main Line and cOnverging Branches be-
t-oen 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 the Great Salt Lake Basin east Of the Cali
difficult and expensive portion of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected in iSIO
amount almost 10 certainty.
CENTRAL PA IFIC RAILROAD Ia the remarkably
large and profitable Local Business which In de.
veloped upon the completed portion. more than
iustifying the estimates Of It's PROFESSIONALISM
the Immense traffic between the ports Of Cali
fOrnia and the mining regions Of the int, or
would sustain n frst-cass railroad line. oven IL
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
mountaia transit Is 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
he conferred upon the CENTRAL ROAD, the ger.
eral prosperity Of the company will be without
parallel, and its securities appreciated cores.
pondingly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
BONDS, and submit to Investors the
following, among other obvious consldera-
tons; and invite the comparison with the merits
and eXcellencies of any class OF Corporate Ne
0urities:
/. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel OF
communication on the continent.
III. The local settlement and business there
from Ia remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road Is now
built and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road Ii provided by the u. =. Gov
eminent upon n subOrd lien.
V. The State and chief cities Of California
have contributed upward ~ D,NnOm 20 the
enterprise without lien.
VI. The grant Of land IL destined at an early
day 10 prove Of far greater market value than
the total Of the arst mortgage bonds issued
upon the road and equipments
VII. This road lies altogether among the gold
and silver producing regions, and its revenues
are received in coin.
VIII. The management Of this company hA
been in the highest degree prudent and frugal
and the whole surplus after payment OF expens
and interest, 10 devoted 10 construction purPs
ses.
TX. The interest liabilities Of the conpan!
are even now less than q third the net eaThing
upon the road pledged
X. 10th Principal and THt,reh are payatk
| GA rnder .necisl proyisi0ns Of both NatiOns
and State enactment
The bonds are in sums Of 1900 each, wit
| semi-aunual gold coupons attached, and are o
fcred for sale At IS per cent. Of their par vaIn'
and accrued interest from Jan. J. ADDED, In eui
rency.
| The hack interest L. charged at SIX per cen
In currency, though repaid In full In god. A
this time they yield nearly
NINE PER CEy7. UPON THE TVEs
MEYT.
These bonds bid fair TO attain the most prof
4
yestments Of the country. and vii be astiye
dealt In at the msbey centres In Europe.
Holders OF Government securities have an o
portunity Of exchanging them for Central ]
eihc Bonds bearing an equal rate Of intsfe'
with the principal vel secured, and OF
REALIzIEG PROFIT OF TEN TO III
TEEN PER CENT IN ADDITION
Order. ,ept with the funds through iespon
Ill Rsnks or Express Companies viii reoes
,ro,-nt attention. BoDds ssnt By return
30. 20 sny address In the United states,
- cot Inforv-ati0n, Descriptive pamphlei
NJ &c. furnished on application at the on
Of he Railrosd COMPANY, No. Whiiz
street and OF
FISK Il HATCH,
N EInkers and Dealers In Goyernrasnt scum
y