The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-29

with the various Eastern branshes of the Pa.
citic Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILRoAD
C0MPANY-who are carrying It forward with
greater energy and persistence than was ever
shown In any SIMILAR work In ancient or modern
times-will bulls, equip, own and control the
Western half Of this Through Line the most
productive, favored, and valuable portion OF the
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.
gift of - 800 acres Of the public lands
per mile, contiguous TO this line, and appro.
pristion from the National credit Of sixty NIL.
LIONS in 6 PER CENT. BONDS, delivered as the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q course
Of years by the Transportation services Of the
Roads, and q small per csntage 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
shall be the first claim upon The tchole railroad prop
erty, and 20 Ichieh he lien Of the Government shall
be subordinate as q means of more readily secur.
ing the remaining half Of the capital for the con.
structioni the equipments, 60, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Is there
fore in an important sense, q SESnNArIoNAI
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered nth al
the care and JorethOugh Of the most eminent prUdte
Being under the constant super
vi0ion of the Government-who, being the prin.
cipal creditor, accepts q subordinate and contin.
gent hen-with so 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 20 conf.
dence and market value, except those of the
Government.
Under these f;lvoring 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
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation 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 and expensive portion of the whole
line, the probabilities Of the through connection
with the Eastern lines being effected In ls7l
s'"Os.t ~is.soss - certainty.
The prominent feature In the progress Of tn,
Central PA IF1c RAILROAD is the remarkably
large and prottabl Local Business which ia de
velOped upon the completed portion, more thar
iustifying the estimates of It's pIojectors-that
the immense traffic between the ports of Cali
fornia and the mining regions OF the inter oi
would sustain a trst-class railroad line, even 4
the overland connections were not built. tn,
net profit upon operating the link Of less thar
one hundred miles thus far, reaches nearly TIVE
millions in gold; and this ratio will DO doubled
during the coming season, when the entir,
mountain transit Is made by the locomotive
With every extension Of the track, the bushes,
and profits Of the completed part are increased
80 that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and its securities appreciated cores
pondingly. The CENTRAL PACIFIC RAILRsAI
COMPANY offer for sale theirFIEST M0RTGAG
THIRTY;YEAR SIX PER CENT. COLI
Il o N s, and submit to Investors IL,
following, among other obvious considers
tons; and invite the comparison with the meriti
and excellencies OF any class of Corporate 40
Gurities:
I. These Bonds are based upon tho most vita
and valuable part Of the Grand National Pacih,
Railroad. soon 10 become the main channel o
communication on the continent.
H. The local settlement and business Their Q
from is remarkably large and profitable, An,
must constantly increase.
III. The hardest part Of the road Is now
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road Is provided by the U. ). Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of s3O0O0OO 10 thu
enterprise without lien.
VI. The grant Of land is destined at an early
day 10 prove Of far greater market value thar
the total Of the first mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silverproducing regions, and It's revenue
are received in coin.
VIII. The management Of this company ha
been In the highest degree prudent and frugal
and the whole surplus, after payment Of expeps
and interest, 10 devoted TO Construction purps
ses.
TX The interest liabilities Of the eompan!
are even now less than q third the net earning
upon the road pledged.
X. Both Principal and Inteyea are payable Il
Gold, under special provisions Of both Hations
and State enactment.
Tho bonds are in sums OF 5000 each, wit
semi- annual gold coupons attached and arc oi
fered for sale at IS per cent. Of their par value
and accrued interest from Jan. I, ADDED, In cur
rency.
The back interest IL charged at ak per cen
In currency, though repaid In full In gold. A
this time they yield nearly
NINE PER CENT. UPON THE ITTEs,
NggE
These bonds bid fair 20 attain the most prou
inent position among the n0n-sPeeulativ II
vestments Of the country, and win be astiveI
dealt in at the msney-oeDtres In Europe.
Holders Of Government securities have m OJ
portuuity Of exchanging them for Central r
cifc Bonds bearing an equal rate Of iBteres
with the principal well secured, and Of
REALIZING A PROFIT OF TEN TO RII
TEEN PER CENT IN ADDITION.
! orders ssut With the funds through respons
HE Ranks or Express Companies will reeeiy
urompt attention. Bonds ssnt by return Il
ppress 20 any address In the United States,
eur cost InfOEy-ati0n. Descriptive pamphlet
Haps. &c, furnisbed On application At the OfBs
Of the RxiiroAd Company. No. "a Wnlial
street. and Of
FISK IL HATCH,
| Bankers and Dealers In Government Seeurit.
and financial Agents ofthe c. p K K Co.
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