The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-02

Citc Ocean across thc territories 70 ConuvS
with the various Eastern branshcs of the Pa
citc Railroad system, and which will form the
GRAND TRUNK ROU IL 10 the Far West
upon which the mighty trans-contiuental trafh'
will concentrate.
The CENTRAL' PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
gro ter energy and persistence than was ever
shown in any similar work in ancient or modern
tines-will build, 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 couCers upon the Corpo
rations, besides the right Of way across the Ter
ritories gift of IL SOO acres OF the public lands
per mile, contiguous TO this line, and Tn appro
priation from the National credit Of Sixty NIL
LIONS in PER CENT: BONDS, delivered as tn,
work progresses; OF half tho estimated cost o.
the Through LiRe and Branches. These Sub
sidy bonds the company may cancel IN \ oSurs'
of years by the Transportation services OF tn
Roads and small per centage Of their net earn
ings; they, therefore, constitute an element o.
great strength 10 the corporations
The Act further authorizes them TO issue Al
equal amount of their own First Mortgag,
shall be tie first claim upon he InhoIs railroad prop
erty, and 10 tOhieh The lien Of the Government shat
BE- subordinate, as a means of moro 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 othei
sources.
The great CENTRAL Pacific RAILROAD is there
fore, in an important sense, a SENrNAIioNAI
WORK, aided and commended by the people, thu
Legislative power, and the Executive ofhcers
though its management is administered toth al
The care and J0rethough Of the most eminent prirdt
corpordtiOnS Being under the constant super
viGion of the GOvernment--who, being the prin
cipal creditor, accepts q 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
the market possess the sane claims 10 conn
d,nCe and market value. except thos" "I the
Government.
Under these iavoring auspices very Ing
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
of the Main Line and COnyerging Branches be
tween the Missouri River and tho base of the
Rocky Mountains have been built within thrc'
wears The CENTRAL Pacific RAILROAD hal
also steadily and successfully carried the Mali
Stem Line from the steamboat navigation Ut thu
Pacific to the summit Of the Sierra Nevada, am
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of tho who'll
line the probabilities Of the through connection
with the Eastern lines being effected In 1871
amount almost to certainty.
The prominent feature In the progress Of tn
CENTRAL Pacific RAILROAD IL tho remarkably
large and profitable Local Business which Ia de
veloped upon the completed portion, more THAI
I A.. - .Vntar Nla
the immense traffic between the ports Of Cali
fOrnia and the mining regions OF the int OF
would sustain a first -rnss railroad line, - -
the overland connections were not onnt. W
net profit upon operating the link OF loss thar
one hundred miles thus far, reaches nearly twt
millions In gold and this ratio viii he doubled
during the coming season, when tho enth'
mountaiR transit Is made by the locomotive
With every extension Of the track, the business
and profits Of the completed pNrt are Increased
| an that when the overland through traffic shall
| be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be withou
! paranel and its securities appreciated CORES
pOndingly. The CENTRAL PACIFIC kAlLhsAl
| CoMPASY offer for sale theirFIkSI MOk
| THRIFTY YEAR SIX PER CENT. COLL
|BONDS, and submit TO Investors ~
Following, among other obvious consider
| tons and invite the comparison with the merit
| and excellencits of any class Of Corporate -
0urites:
! l. These Bonds ars based upon the most vita
and yaInable part of the Grand National PsoiH
| Railroad soon TO become the main channel 0
communication on the continent.
/ II. The local settlement and business there
from is remarkably large aud profitable, an
must constantly Increase.
III. The hardest part Of the road L. no
built and the remainder will bc rapidly carrie
forward over the salt Lake Plains.
". The greatest part Of the mean. necessaI
tn build the road il provided by the U. ;. Got
eminent upOn n subordinate lien.
v Tke State and chief cities Of Califora
have contributed upward 81 5WNVp tO "
enterprise without lien.
VI The giant OF land Is destiRed at an ear
div "a prove Of far greater market yalne tha
the total Of the FIRST mortgage bonds isAu'
upoh the road and equipment
VII. This road lies altogether among the 90
and silyer.producing regions, and itS rsVsnu
are received in coin.
VIII. The management Of this company
been In the highest degree prudent and rug
and the whole zurplus, after payment Of eTpsn
: and interest, IL devoted 20 construction pan
ses.
! TX. The interest liabilities Of the eOmpai
!. are even now lens than a third the net earnin
upon the road pledged.
I. Both Principal and IatsTsst arc 1oyd1k
y, Gold. under special provisions Of both hatior
and state enactment.
= The bonds are ia sums Of 1900 each, VI
!. s.Ini annual gold coupons attached, and are
fered for sale az IS per cent Of their par val
aad accrued interest from Jan. !. AIDED IN G.
rency.
The back interest is charged at SIX per e."
! In eIryel1y, though repaid in full IN goSd.
u this time they yield nearly
> yyyg PER CENT UPoy THE I'VE
J. BRST