The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-02
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

1t IL commonly known that the General Gov
ernmsnt for wise purposes, has given its aid
and encouragement TO the construction OF one
MAIN THROUGH LINE oF RAILROAD from the Pa
cihc Ocean across the Territories 20 connect
with the various Eastern branshes Of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE 20 the Far West
upon which the mighty trzascontinental traffic
will concentrate.
are carrying it forward with
greater energy and persistence than was ever
shown in any sipNilar work in ancient OF modern
times-will bui'u, equip, own and control the
Western Hslf 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 eonters upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift Of ~ 500 acres Of the public lAnds
per mile, contiguous 70 this line, and an appro-
priation from the National credit OF SIKH MIL
LIONS in FRR CENT. hoNDs, delivered tho
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
Of years by the transportation services Of the
Roads and small per csntage Of their net earn.
ings; they, therefore, consulate an element Of
great strength 70 the corporations.
Tho Act further authorizes them 70 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, VAioA
Ghdu BE- the first claim upon hs ,SAolS railroad prop
srty and 20 phich The hSn Of Lhs Government sAda
n mi A mo
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 PAcIFIs RAILROAD ls there
fore, in an important sense, . SKM NATIONAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though It's management Ia ddminiStsrsd Wth al
The care and Joreth0u1h Of ne most srHinsTt pirate
Being under the constant supsr-
violon of the Government-who, being the prin'
cipal creditor, accepts subordinate and contin'
gent lien-with 80 largo 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 conh
dence and market vGlue oIcspt those Of The
Government.
Under these favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 milcs
of the Main Line and cenVerging branches Ss-
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
alsO steadliJ and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basn east Of the Call.
fornia line. Having overcome by far the most
difficult and expensive portion OF the whole
line, the probabilities Of the through connection
with the Eastern lines being effected In 1879
amount almost 10 certainty.
The prominent feature in the progress Of the
CESTRAL PA IFIC RAILROAD In tho remarkably
large and profitable Local Business which 10 de-
velOped upon the completed portion, more than
Justify ing the estimates OF tts pioJect0rs-thAt
the immense traffic between the pOTts Of Cali
forniA and the mining regions Of the int or
would sustain hrst-olass railroad line, even II
the overland connections were not built. The
net profit upon operating ths link Of less than
one hundred miles thus Tar, reaches nearly two
millions In gold: and this ratio viii be doubled
during the coming season, when tho entire
mountain transit II made by the locomotive.
With every extension Uf the track, the business
and profits Of the completed part arc increaAedi
80 that when the overland through traffic shali
he centercd upon the CENTRAL ROAD, the gen.
erAl prosperity Of tho company viii be without
parallel, aud its securities appreciated CORES
pondngly. The CENTRAL PACIFIC RAILRsAD
CoNPASI offer for sale thoirFIIlSr MORTGAGE
THIRTY.YEAR SIX PR CENT. GOLD
d o ID s, and submit 70 Investor. TIE
following, among other obvious oonsldera
snTities;
Thea. Hand, ar. ba,od pn,u the most vital
and xaIuabIs nsrt 81 The Grand National Pacific
Railroad soon 10 become the main channel Of
IL The local settlement and business there
from is remarkably largo and profitable. and
Irr II. h,,d.,, mar, n, IN. ro,A 1. now
Ill, ID ar rsrraipd,r will bs RAPIDLY carried
''' "~'- WV
w I'll. $1,000, ,.-, y, IN. n..p. p.o...ary
.. h,,,d ,bs - ~ Ppravidod Inv H. u. Il Gov.
synraan, mo, snhordinats len,
" Ihe state and oh,si :, a. 40 o oSo - Is.
s'p'i'' Ni'Hou' "'"
the totsi Of the srs. mortgage bond. issued
VIII The management OF this company has
been in the highest degree prudent and frugal,
and the Wbols s1Tplus after paymsnt Of expense
and interest, u devoted 70 construction purps
ses
and STATE enactment.
senl, nnua, goio ooup'ns ~ 49,, - y.lus
zero iol - ,..,!, g.. IA, 4 800 In ear.
Anu SOS'e'
reneJ.
| 49,.
The back Interest 10 ehsifsan
In currency, th0sfh Isps,e ~ i0N ~ s''1
hi, tins hey yield ssafJ