The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-01-29
Central Pacific Railroad Finl
Mortgage Bonds.

Central PACING Railroad Firsl
Mortgage Bonds.
Ii is commonly known that the General Co,
eminent, for wise purposes, has given It's az
and encouragement 70 the construction Of On,
MAIN THROUGH LINZ or RAILRoAD frOm thsPa
ciRc Ocean across the Territories 10 Comet
with the various Eastern bransbes OF tie p,
cifc Railroad system; and which will form Ii,
| GRAND TRUNK R0CTE 10 the Far we,t
| upon which the mighty trans-cOrtinentsl irsA,
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-wboa are carrying II forward with
greater energy and persistence than was eNes
shown In any similar work In ancient or modem
| times-will build equip. own and oontrol ii,
/ Western Half Of this Through Line, the nu.,
\ productive, favored, and valuable portion Of ID.
whole, and may justly be regarded as Possessing
the richest franchise ever granted on this coat
nent.
The Act OF Congress confers upon the COrv0
rations. besides the right Of way across the Ter
ritories gift of L. 500 acres OF the public land,
per mile contiguous to this line and en- apprO
priation from the National credit ofslIIr NIL
LIONS in PER CENr. BONDS delivered As Tie
work progresses; or half the estimated cost Il
the Through LiBe aud Branches. These Sub
sidy bonds the company may cancel in cours
Of years by the transportation services ofbs
Roads, and q 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 hortpc
Bonds OF corresponding denomination, WAlA
shall b. The frst claim upon He Wh0tc railroad pror
| Srty aud 20 Iehieh TIE hen OF ne Gorcrnntnt AdA
| BE- subordiRdtS, ~ means Of morc readily secur
ing the remaining half Of the capital for the con
| struction; the equipments &c being provided
ont Of the capital stock subscriptions and o,ha
| sources
The great CENTRAL Pacific RAILROAD 10 thsrs
fore, in an important sense, SRhfNAiioNAL
| Work aided and commended by the people, The
Legislative power, and the Executive oihcen
though it, management Ia administered Uh da
the care aud JOrrthOtigh Of The most ernInshf prrdb
| corporations. Being under tho constant super
vision Of tho Govenment-who, being the pHb'
cipal creditor accepts subordinate and contih,
| gent lien-with so largo an amount OF addition
| al capital also invested in the property pledged
it Is believed that no securities now offered N
the market possess the sane claims 10 Soah.
dence and market value, except those Of The
Government.
| Under these favoriug auspices Vcsy gratifying
progress has been niado in extending the rsilroad
track from both directions. Nearly lOOO miles
| Of the Main Line and converging branches
tween the Missouri River and the base Of the
Rocky Mountains have been built within thTru
wears The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Man
Stem Line from the steamboat navigation OF The
Pacific 20 the summit Of the Sierra Nevada add
| l., h. q Gal IaEa Raai he
fornia line Having overcome by far the most
difficult and expensive portion OF the whole
line the probabilities OF the through connrcti0u
with the Eastern lines being effected In lsN
amount almost 20 certainty.
The prominent feature In the progress Of ths
CENTRAL PACIFIC RAILROAD ia the remarkably
large and profitable Local Business which hds'
veioped upon the completed portion, more hib
iustifyinR the estimates Of it, pI0irctor--ttsi
| the immense traffic between the ports VI Call
fornia and the mining regions Of the int'' q
| would sustain a frst-class railroad line, cvchh
the overland connections were not built he
net profit upon operating the link OF less THAI
one hundred miles thus far, reaches nearly we
| millions In gold. aud this ratio viii be doubled
during the coming season. when the entire
mountain transit IL made by the ioconiVu'.
With every extension Of the track, the business
and profits Of the completed part are inerhatodi
| 40 that when the overland through uailc shAli
be conferred upon the CENTRAL ROAD, the Gen
eral prosperity Of the company will DC "lihoD'
pand;.nI m CE~,Y.f PiciYfc R,uRa,p
g",,n. - "a. e. 81 ,h.IyEiLST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BE- N DIS, and submit 70 investors VI
| following. among other obvious consider
tions; and invite the comparison With the mene
and eIcellsnciss Of any class VI CorPorf"S
rh... I....d ma, Al, mo.t yial
a ihesg hNnus at 49, Tr.ny ra,ionsi paril
p.,road ,op ~ b.eo,1s ,hs main eannsl
h1lro"n; soon 70 O.eo'io w H'~'"
,.,-, A,.,u,,.,,
e., .. s.uNarLs I'll. iaras nd nToatabls apt
r,U.t corstanii,' tng,ssss
20
III. The hardest part 81 tho t9s y 49,
built, aud the remainder viii be rapidly osr'''
| ". The 1reatest mart of the means necessary
10 build the road ia provided by the q. s. Gov
eminent upon q subordinate lien.
aS t5'r,a 1nn , Uni' ~ "a 90 CO.. !. tss
sntsrnrias Titboat len
fSy 70 so sf q" H. Tar st saDS
| VIM ,.,....,....z. -, ,ht. oo.u.ny has
/