The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-03
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
II is commonly known that the General Gov:
ernmeut for wise purposes, has given its A'u
and encouragement to the construction ol 0he
MAIN THROUGH LINE OF RAILROAD lrom the d
citic Ocean aCrOsS the Territories u connect
with the va, ious Eastern BranShts OF tie IA
iii. Ri road system, and which viii form tue
GRAND TKUAK ROUTE 10 the Far Nest,
upon which the mighty trahs'continentai traihe
wall concentrate.
The CENTRAL PACIFIC RAILROAD
CUMPANY-who are carry ing il forward WITH
gre. ter energy and persistence than was ever
shown il any similar wOIk in ancient or modern
times-will OUild, equip, own and control the
Western Half of this Through Liue the most
productive, favored aud valuable portion Oi tue
whole anu may justly be regardt d 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
ritoru g. glft of 10 so acres OF the pablo lands
per mile, contiguous To this line, anu Gu appIo'
priaIion from the National creUit OF Sixty NIL
LIONS IN d FER NENI. HONbot uChNtiNN ~ sAN
work progresses; or half the estimated cost Of
the I through Liue aud Branchrs, 1 heso sub
sidy bonds the company may cancel IN course
of Years by the Transportation services OF inc
Roads, and small per centage OF their net arr
ings; they, therefore, constitute an element oil
great strength 10 the corporations
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
~ -. dino denominations fEllch
shall be The Rrst claim upon the IrhoLe railroad prop
srfy aud 10 trhicL the lea Of the Government SHAH
be subordinate as "A means OF more rea"lly secur-
ing the remaining hall OF the caplI al Tor tue con
stIuctOn; the equipments, &c being PROVIDED
ont of the capital stock subscriptions aud other
sources.
The great CENTRAL PACIFIC RAILROAD is there
fore in all important sense, n SHENANDOAH
WORK aided and commended by tue people, tie
legislative power, and the Executive OIhceis
though its management iS administered Rith dH
the care and JoTehOHght Of tie most eminent pirate
corporations. Being under the constant super
yiciOn Of the GOvernnIcnt-whO, beng the prln'
cipal creditor, accepts "A subordinate and contin'
gent lieD-with 81 large an amount 81 addition
al capital also invested in the property pltuSeu
il is believed that no securities now offered IN
the market possess the sau claims "a conii-
drnce aud market value, except those OF IN"
Government
Under these favoring auspices very gratifying
progress has been made in extending the rail Oad
track from both objections Nearly 400 miles
Of the Main Line and cOnvergiug branches be-
tween The Missouri River and the base OF tue
rocky Mountains have been built within three
wears. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Main
Stem inc from the steamboat navigation oil the
Pacific to the summit of the Sierra Nevada and
\ al. Fltn (al
fornia line. Having overcome by far the most
difficult and expensive portion OF tho whole
line the probabilities of the through connection
with tho Eastern lines being effected In 1917
amount almost to certainty.
The prominent feature in the progress Of the
CENTRAL Pacific RAILROAD il the remarkably
large and profitable Local Business which Ia de
velopcd upon the completed portion, more than
iustifNing the estimates of its pIUiecturs-that
the immense traffic between the ports OF Cali
fornia and the mining regions OF the int or
wOuld sustain iirst.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 tar, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when 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 when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity of the company VIII be without
parallel, anu us securities apprcCldISu CoIteS
ponhinGly. The CENLHhL IACifiC i hAiL." =, !,
IoMrAMi onrr Tor sale tnelpE ms MUElGAub
BONDS, and submit to Investors TIE
following, among other obvious considera
tiuns; and invite the comparison with the merits
end excrllencicS OF any class OF Corporate &C.
cuTities:
.,....,..,
I1ese BONUS are OasSu uP0H u w
anu SalIaDir part ~ tuo uiIho ~
haIoaa: soon W oeConao InS ti~'u "
'o'iiin n''"'''' va '''"
II. The local settlement and bushes, there,
from IL iemarkaDIy IarS' anu P'""'~"''' anu
must constantly ine''"'N'
onilt anu lle LeinaiDGeI VII %
ioF""tu over 'he Dali NAAe HAMS
". The greatest part Of the means necessary
10 build the road II provided by the [. 5. Gov
eminent upon a subordinate lien.
y Tlo s,a,. and chief cities Of California
snternfisr without len.
,-..,
9pS ' the road "a and e eaGipments.
Nf
VII. This road lies altogether among the gold
vrrr TIL. ,op,ssment Of thi. comna,v Ia,
- IN ,b. bis,bcst ,isgree nr1dent and FRUGAL
III ,ha ,EboIa sprnlns after nayment of expsnss
iJ ;'',.ras, 4, Jayo,cd 20 Condemnation rurno
a l1 ~ '''''' -
SEQ
TX. The interest liabilities OF the company
a1dotate enactmtnt.