The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-26
Central Pacific Railroad First
Mortgage Bonds.

Mortgage BONDS.
II IL commonly Known that the General Gov
ernmsnt for wise purposes, has given Its Aid
aud encouragement e. the construction Of one
MAIN THRouaH LINE OF RAILROAD from the Pa
cihc Ocean across the Territories % connect
with the various Eastern branches Of tho Pa
cihc Railroad system, and which win form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty tranSoontincntAl traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0APANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any siuilAr work In ancient or modern
timos--will buila, equip, own and control the
Western half Of this Through Line, tho mest
productive, favored, and valuable portion Of tho
whole, and may Justly DO regarded As Possessing
the richest franchise ever granted ON this oonH
nent.
The Act Of Congress oOnfers upon the Corpo
rations, besides the right of way across the Tor
ritOres, GIT Of ~ 500 aeres OF the public lands
per mile, contiguous 70 this line, and An appro-
priation from the National credit ofSISTr NIL
LIONS in PRR CKNT. BONDS, delivered As tho
work progresses; OF half the estimated coat u
the Through Line and Branches. Those Sub
sidy bonds the company may cancel in q csuSe
Of years by the Transportation services Of the
Roads, and small per osntage OF their net carr
ings; they therefore, consulate an element q
great strength 20 the corporations.
Tho Act further authorizes them 20 issus an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, soAsnA
shall Be tie Ersf oidiBs upon s ioAols raliroad prop
srty, and 20 tOAieA Ia hSH Of ls Government shall
hs subordinate ~ q means OF more readily secur
ing the remaining half Of the capital for the con-
struction; the equipments, 40, being proVided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PAciFIe RAnRoAD Ii thero
fore In an important sense, . SEMF NATIONAL
WoRK, aided and commended by the people, tho
Legislative power, and the Executive ofRoer.
though ito management is administered t'tA az
ne care and oretRough u he most esinent private
corporations. Being under the constant supcr
viaion Of tho Goyernment-who. being the prtn'
cipal creditor accepts subordinate and oontin
gent lien-wtth 80 largo an amount OF addtlon'
Al capital also invested In the property pledged,
it rs believed that no securities now onerod IN
the market possesa tho sane claims 10 comb
dence and market value, except thoae OF No
Government
Under these favoring auspices very gratifying
progress has been made in extending the rsiiroah
track from both directions Nearly iOOo mllos
of the Main Line and converging branches DO
tween the Missouri River and the base OF tho
Rscky Mountains have been built within three
years. The CENTRAL fAcInc RAILROAD has
| also steadily and successfully carried tho Main
Stem Line from the steamboat navigation OF the
Pacific 20 tho summit Of the Sierra Nevada, and
into the Great Salt Lake Basin cast Of the Call.
fornia line. Having overcome by far the most
difficult and expensive portion OF the whole
af la III Inn
with the Eastern lines being effected In 1870
amount almost TO certainty.
The prominent feature In the progreas OF tho
CESTRAL PA IF1C RAILROAD IL tho remarkably
| large and profitable Local Business which II do
veloped upon the completed portion, moro than
Iustifying the estimates Of its pIojectOrs--that
the immense traffic between tho ports Of Cali
forniA and the mining regions Of the intri or
would sustain = flrstclAss railroad line, even II
tho overland connections were not built Tho
net profit upon operating the link Of less than
one hundred miles. thus far, reashes nearly two
millions in goldi and this ratio win be doubled
during the coming season, when the entire
mountain transit II made by tho locomotive.
with every extension Of the track. the business
and profits Of the completed part arc increased
80 that when the overland through traffic sha1
be conferred upon the CENTRAL Road, tho gen-
eral prosperity Of the company will bo without
parallel, and It's securitios appreciated corTus-
pondingly. The CENTRAL PLcInc RAILRsAD
CoMPANT offer for sale theirFIkST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors The
following, among other obvious oOnsidera-
lions; and invite the comparison with tho morih
and eKcelencies Of any olAss OF Corporate 20
suFitiesi
l. These Bonds arc based upon the most vital
and valuable part Of the Grand National PaciHe
U.fi 10 ha mai Gh ul
communication on tho continent
III. The local settlement and bushes. there
from 10 remarkably largo and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built, and tho remainder viii 10 rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
10 bald the road IL provided by the u. 3. Gov.
ernmsnt upon q subOr dinAts Hen.
v. The State aud chief cities Of California
have contributed upward Of c.OoOO0 70 the
enterprise without Hen.
vi. Tho grant Of land IL destined q an early
day 70 prove Of far greater market Valus than
the total Of the arst mortgage bonds Lssesd
upon the road and equipmenta-
VII This road lea altogether among the gold
and silver producing rogiOns, and ita revenues
are received In coin.
| VII Tho Management Of this company has
been In the highest degree prudent and frugal,
and Interest 10 devoted 70 Construction purps
SEE.
TX. The interest liabilities Of the company
are even now less than q third the net e.rfisE.
upon the rad pledged.
X. Both Pria1iJal and IntSrsn ore pdrabb q
ODD, under special provisions Of both hst0n>
and State Enactment.
Tho bonds are In sums Of tl4o each, viii
ssmi-anB uAl gold coupons stiaohsn and ~. o.
fered for sale At % per cent Of tbsir par v.aes'
and accrued interest from Jan. J. Adsso' IN cur
rSney.
- tn,ere.t 10 charged n srn cent
Ihs -" tiongh repaid In fall In goh
hi, time they yield nearly
IyIyK PEE OBSI. UPON TIE IBTRsD
KEgT
| These bonds I'D fair 70 attain The most ,tou,
iDsnt position amOng the B0BEgeealatiTs In
Vestments Of the country, and win b zSHVsiy
/ dealt In At the msp@y-oeBtTes In EuT0pe
HOldSrs Of Government securities have An op
portunity Of exchanging them for Central fl
| e4he BOnds barring eqnEi rate 81 intsrsat
with the prioeipaI well secured, and Of
REALIZIyG 4 PROFIT or TIN TO ZIP
TEEN PER CENT. IN ADDTTTOs.
Orders sent with the funds through rssponsi.
bic Banks or Express Companies VIII rsoev.s
prompt attention. BOBds sent ~ rs.e!n :,
uresa 20 any address In the United otA.s5 -
our eost Information, DescnptiTe
Mar. &c 81, furnished on applie.tl0n - Tn,s.ss
! OF tie RAllroad Company. NO. ~
street, and Of
FISK IL HATCH,
R.nl,-, and Dealers in Government Securities