The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-30
Central Pacific Railroad First
Mortgage Bonds.

II is commonly known that the General Gov.
ernmsnt for wise purposes, has given is aid
and encouragement TO the construction OF one
MAIN THROUGH LINZ or RAILROAD from the Pa
cine Ocean across the Territories % connect
with the various Eastern Branshes Of the Pa
citic Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty transoontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 10 forward with
greater energy and persistence than was ever
shown In any SIMILAR work In ancient or modern
times-will bui.n, 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-
rations, besides the right of way across the Ter
ritores, GIT Of IL 500 acres OF the public lands
per mile contiguous u this line and an appro-
priation from the National credit Of sixty MIL
LIONS In PR SENT. BONDS, delivered A. the
work progresses; or half the estimated cost Of
the Through Line and Branches. Those Sub
sidy bonds the company mGy cancel In q course
of years by the Transportation services Of the
Roads, and small per csntage Of their nee earn
ings; they, therefore, consulate an element q
great strength 20 the corporations.
The Act further authorizes them TO iasus an
equal amount OF their own hut Mortgage
Bonds Of corresponding denominations, tshieA
shall be the first claim upon The tohOts railroad prop
erty and 10 t0hieA The hen u tAs Government sAdE
be subordinate, "a q means Of more readily secun
ing the remaining half Of the capital for The CON
hA anuiDmRnla lalnH DrOVtdNd
out Of the capital stock subscriptions and Other
sources.
The great CENTRAL PLcIFIe RAILROAD is thsrc
fore in an important sense q SEsu' NAIioshs
WORK, aided and commended by the people, tho
Legislative power, and the Executive officer.
though its management In ddHtnistered uttAdi
the care and Iorethotgh Of The most eminent prsrus
corporations. Being under tho constant super
vision of the GOvernment-who, being tho prin-
cipal creditor, accepts a subordinate and contin-
gent lien-with 80 large an amount OF addition
al capital also invested in the property pledged,
IL Is believed that no securities now offered IN
tho market possess the sane claims TO 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 converginR branches %
| tween the Missouri River and the base OF the
Rocky Mountains have been built within three
| ys~+s. Tho Crr,TNAb pACIpo RNIInoAD kss
also steadlIy and successfully carried the Mais
Stem Line from the steamboat navigation OF he
Pacific 10 the summit Of the Sierra Nevada ax1
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
line the probabilities Of the through connection
with tho Eastern lines being effected In 1910
amount almost TO certainty.
The prominent feature in the progress q mo
CESTRAL PA IFIc RAILROAD " the remarkably
large and profitable Local Business which 10 do
yelOped upon the completed portion, more than
iustifying the estimates of It's pToiect0rs-that
the immense traffic between tho ports Of Call
fOrnia and the mining regiOns'of the inter o.
would sustain hrst-class railroad line, synn II
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 II made by the locomotive.
With every extension Of the track the business
and profits Of the completed part are increased
40 that when the overland through traffic shah
be conferred upon the CENTRAL ROAD, the gen
eral prosperity OF the company win be without
parallel, and its securities appreciated corree-
pondingly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale thoirFIhST MORTGAGE
l THIRTY.YRAR SIX PER CENT. GOLD
following, among other obvious oonsiderH
lions; and invite the comparison with tho merits
and eIcellencies Of any class Of Corporate ~.
GuTities:
I. These Bonds are based upen the most vital
and valuable part Of tho Grand National Pacific
Railroad soon 20 become tho main channel of
communication on the continent
J, III. The local settlement and business ther o
from Ia remarkably large and profitable. and
3 must constantly increase.
III. The hardest part OF the road 10 now
built. and the remainder will be rapidly carrie
forward over the Salt Lake Plains.
". The greatest part Of tho means necessary
TO build the road Il provided by the Z. -. Gov
eminent upon subordinate lien.
Al v. The State and chief cities Of California
J have contributed upward Of tJ,OO0,ODO 10 The
A enterprise without, lien.
I VI Tho grant Of land Is destined at an Early
D day 70 prcge Of far greater market value than
> the total Of the first mortgage bonds issued
, upon the road and equipments.
VII This road lies altogether among the gold
and silver. producing regions, and its revenue.
are received In coin.
VIII The management Of this company ha
been In the highest degree prudent and frugal
and the " hOls surplus. after payment Of eIpens
A and interest, IL devoted 20 construction purps
ses.
TX. The interest liabilities Of the eompant
: are even now less than third tbs net earHinE
| up0n the road pledged.
x. Both PRINCIPAL and Int>rest are paystk 4
God, under special provisiOnG Of both Bstions
and State enactment.
The bonds are In sums Of 1900 each, vft
semi annual gold coupons attached and are q
fered for Sale At % per cent Of their par vhlns
3 and accrued interest from Jan. ]. Adzod' IN eo'
n reney.
4, The back interest IL charged a. siI per $50
a In e,sTyS1eI. though repaid In full In goa. n
. tsJs time they yield beaHy
n, xLsg ssR 0sS1. UPoS THE iSTsS1
- HRgT.
i
These bonds bid fair % sat44s Tho mott PROV
inSnt position among the DOn-syeculativs in
| vestmsnts Of the country, and win be aNtiVel
dealt In AZ the msnsy centres in Europe.
. Holders Of Government securities have an 90
| pOrtunity Of exchanging them for Centrzl p
y cihc B0nds bearing an equal rate 0f Intcresi
r. with the principal vel occurred, and Of
: REALIZING A PROFIT or TEN TO m
Is TEEN PER CENT. ~ ADDITION
a. Orders sent with the funds through rcspaaA
bic Banks or Express Companies wiz reel,
prompt attention. Bonds ssnt By return ~
60 preas 70 any address in the United stAtss,