The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-05

with the various Eastern branches of the Pa.
citc Railroad system, and which win form the
GRAND TRUNK ROUTE TO the Eur West,
upon which the mighty trans-continental traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying &c forward with
greater energy and persistenco than was ever
shown In any similar work In ancient or modern
times-will buiiu, 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 cOnfers upon the Corpo-
rations, besides the right OF way across the Ter.
Iitories gift Of IL 500 acres OF tho public lands
per mile, contiguous to this line, and an appro.
priation from the National credit Of sixty NIL.
LIONS in PER CENT. RoNDs delivered as the
work progresses; or half tho estimated cost OF
he Through Line and Branches. These Sub
'idy bonds the company may cancel in q course
n years by the Transportation services Of the
Roads, and small per ecntago Of their net earn.
ngs; they, therefore, constitute an element Of
great strength 10 the corporations
Tho Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, EhieA
,hdu be the first claim upon the nhOle railroad prop
,yfy and % lrhieh the hen Of he Government shaA
be subordinate, as o means Of more readily secur
ing the remaining half Of the capital for tho con.
struction; tho equipments, &c, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD is there
fore, In an important sense, a SEAI-SATIoNAL
Work, aided and commended by the people, the
Legislative power and the Executive officers,
though It's management Ia administered nth al
NE care and oreth0ught Of ts msst eminent pirate
corporations. Being under the constant snper'
viEion Of the Government-who, being the prin
cipal creditor, accepts subordinate and oantin.
gent lien-with so large an amount Of addition
al capital also invested In the property pledged,
it IL believed that no securities now offered In
the market possess the sane claims 10 conf.
dence and market value, except those Of the
Undor these favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 miles
Of the Main Line and converging branches be-
tween the Missouri River and the base OF the
Rscky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadny and successfully carried tho Main
Stem Line from tho steamboat navigation OF the
Pacific TO the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east Of tho Cali
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities oil tle through onhne'tlon
with tho Eastern lines being effected III leu
amount almost 10 certainty
Tho prominent feature in the progress Of The
CENTRAL PA nc RAILROAD 10 tho remarkably
large ana prohtaOie I.oGai b,sinsIs "nlon ,,s
The Immense traffic between the Dorts Of Cali.
fornia and the mining regions Of the lnt,' or
would sustain flrst-class railroad line, oven u
net profit upon operating the INK OF less than
one hundred miles mus lar reash9 me, nearly W.
millions IN goldi ana TINS ra'io WIZ ~ uonnicu
m0uhtalA transit 70 nis'uo W Ino ',
ni'n az s .t ,io,aJ 80, ,ra ;nc,a..J
ana VI t',o ,'nrls,J ,I,nah ,r"aic a.,
DO ., ,ho cn,n,anv Vii Il. Whom,
,.nr,h,J and "a secnrities annreciatrJ cores
lpomIin,,I,. Tic CvSrpn PtrTr1r R,unsAT
toMrhSr offer for sale thoirFIKST MORTGAGE
% ~ anu summit " In' s''
,S' nou oomr,,,.on 9TH On. ,n"rii.
...y ~, ' DS - ~ 80 -. 81 rnr,.,,a,c 40
Tboso ponds ar, based upon tho most vita
- .'.i',etin -, 81 ,ba r,anJ National p,cia,
am nanroa% .oor 80 baeams The main channel o
connnrric,,iop on the cobtInent
,, Lo,oo., .o,com.r, and buLDo.. ,Lsre
,.d,n a. rcrnarkshiv Iarge and nruatablc. An,
m".t constantlv increasS.
-, ~, ,,.., 49,. ~ a.. ro.A T.. NOV
III Inc haruest par ~ w I'LL. 80,
S Sl sn ',, si.V ,i,o 81, AZ. plain.
~. me greatest paft " tho musI = -.
to build TIC ROAD "a pronIhoa ~ '"o S'' WV
eminent upon SUBORDINATE heh'
.,,.s .,,,.. -, c.u.or,t
n ntcrn SSn.' wiaSou, Hen
o"''' ~
u ans ' he road :, S and S S
VII. This road lies altogether among the gol'
VII The management OF this company ha
been In the highest aegree pruoeht anu HukA
and the whole surplus, alter payment 81 erpens
and interest, IL devoted 70 CONSTRUCTION purp'
/ ses.
| ,,,,,,,- ~ a.. .,,n,.,,
LA. Inc hoere.t Il4o' I'LL ~. ne, sar,Iins
Y Roth prneipa, and In,,r,,t az, payaIt
ANU . 49,
iered lor saie , =. - ~ 80 lar addsd. In ca
and ancrued inVero~' 'I"'' Jan" =
reney.
The back interest IL charged ~ at pr esL
in currency though repaid In iuil 10 goa.
this time they yield nearly
VINE PER Cgy1. UPON THE ISVES
ypyr
Ah'''