The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-25

luc ZEN lhAb IAClrLI hAlahOAD
COMPANH-who are carrying IL forward with
greater energy and persistence than was ever
shown il any sipiilar work in ancient or modern
umes-will bui,a, 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.
mont.
The Act of Congress confers upon the Corpo-
rations, besides the right of way across the Ter.
ritories gift of II 500 acres OF the public lands
per mile contiguous to this line, and an appro.
priatiOn from the National credit of SIXTY MIL
LIONS in g FER CENT RoSps, delivered a. the
work progresses; OF half the estimated cost OF
the Through Line and Branches. These Sub
sdy bonds the company may cancel in a 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, tchich
shall be the first claim upon The irhOle railroad prop
erty, and % i0hieh The lien Of the Government shall
be subordinate. as q 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 aud other
sources.
The great CENTRAL Pacific RAILROAD IL there
fore, in an important sense, q SENI-NATIONAL
WORK aided and commended by the people, the
Legislative power and the Executive officers.
though its management Is administered nth al
The care and JOrsthOught Cf The most eminent pirate
corporations. Being under the constant super
vi0i0n of the Government-who being the prin
cipal creditor, accepts n subordinate and contin
gent lien-with 80 large an amount of addition
al a a tau "A lta al
il is believed that no securities now offered in
tho market possess the sane claims 10 conf.
denCe and market value, except those of the
Government.
Under these fayOring auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly luBJ miles
of the Main Line and COnvcrging Branches Ice.
tween the Missouri River and the base of the
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILEoAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navi CATION of the
Pacific to the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east of the Cali.
fOrnia line. Having overcome by far the most
difficult AMI expensive portion OF the whole
line, the probabilities of the through connection
with the Eastern lines being effected in l-7D
amount almost TO certainty.
The prominent feature in the progress of the
CENTRAL PA IFIC RAILROAD il the remark ably
large and profitable Local Business which IL de.
velUpcd upon the completed portion more than
iustifying the estimates of it, pt0icctOrs-that
the immense traffic between the ports Of Cali
fOrna and the mining regions of the int,p or
would sustain n trst-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 far. reaches nearly two
millions in gold; and this ratio will I've 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;
40 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity of the company will be without
parallel, and its securities appreciated cores
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale therFIhST MORTG AGE
THIRTY. YEAR SIX PER CENT. GOLD
II q ID 5, and submit TO Investors the
following among other obvious cOnsdera.
tons; and invite the comparison with the merits
and eKceencies Of any class OF Corporate So.
GuTities:
]. These Bends are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel Oi
communication on the continent.
II. The local settlement and business Their Q.
from il remarkably large and profitable, aud
must constantly increase.
III. The hardest part Of the road il now
built, and the remainder will be rapidly carrie d
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road Is provided by the U. 3. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of s3,00,WO 10 tho
enterprise without lien.
VI. The grant Of land II destined at an early
day to prove Of far greater market value than
the total Of the first mortgage bonds lssned
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 has
been in the highest degree prudent and frugal,
and the whole surplus, after payment OF expense
and interest, 10 devoted 10 construction purps-
ses.
TX. The interest liabiIitio- Uf the company
are even now less than third the net earnings
upon the road pledged.
X. Both Principal and Interest are pdydb> "a
Gold. under special provisions Of both National
and State enactment.
The bonds are in sums Of 1000 each. with
ssmi annual gold coupons attached, and are Of
fered for sale at % per cent. Of their par value
and accrued interest from Jan. ], aided, In cur
reDcy.
| The hack interest IL charged at SiI per cent
| in eury,1cy. though repaid In full In 2oh. A
this time they yield nearly
NINE PER CENT. UPON THE ISVES7
1EgT.
These bondskid fair TO attain the most 3rOIH
iDent position among the nspeculstiys IN
| vestmeuts 81 the country and viii b. zstyel
dealt in al the nIsDey-esptTes in Europe.
| HOldsTs Of Government securities have an ~
p0rtuuity oi exchanging them for Contra "
eific Ponds bearing an equal rate Of D'sTes'
| with the principal well secured, aud OF
REALIZING A PROFIT OF TEN TO III
TEEN FER CENT ~ ADDITION.
6,-ds,. s.pt With the funds through respObs
lie Hanks or Express Companies viii rooeiy
,,roaspt attention. Ponds ssnt By return u
pnrr-, 20 any address In the United states, .
a1r cost Information, Descriptive pamphlet
Mar. sc furnished on application at the o;iss
OF the RAiirnad Company, No. - "LnlAi
street, and Of
FISK d HATCH,