The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-13
Central Pacific Railroad First
Mortgage Bonds.

| 1t is commonly known that the General Gov.
/ ernmSnL for wise purposes, has given its aid
and encouragement 10 the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
cihc Ocean across the Territories 20 connect
with the various Eastern branshes Of the Pa.
| cihc Railroad system, and which will form the
| GRAND TRUNK ROUTE TO the Far West,
upon which the mighty traRscontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| C0MPANY-who are carrying IL forward with
| greater energy and persistence than was ever
shown in any siV'ilar work in ancient or modern
| times-will builu, 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
| rations besides the right of way across the Ter.
ritores a GIFT of ~ $40 acres OF the public lands
per mile, contiguous 70 this line, and m appro-
/ priAtion from the National credit of SIXTY MIL
| LIONS In 6 PER CENT. BONDS, delivered a. 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 n small per ceutage Of their net earn.
ings; they, therefore, constitute an element OF
| great strength to the corporations.
The Act further authorizes thcm TO Issue an
| equal amount of their own First Mortgage
| Bonds of corresponding denominations, phich
shall be the first claim upon he IohOlo rdrodd prop.
erty and % Uhieh he lien Of ts Government shdA
| BE- subordinate a. q means of moro readily secur.
ing the remaining half OF the capital for the con
| At the anuiumanla AZ beinn urDNiupd
out Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD IL there.
| fore, in an important sense, a SENi'NAIioNAL
| WORK, aided and commended by the people tue
| Legislative power, and the Executive officers,
though its management IN administered wih al
the care and IOretOught ~ The most eminent pirate
corporations. Being under tho constant super
viniOn of the GOvernment-whO being the pTin'
cipal creditor, accepts subordinate and oontin-
gent lien-with 80 large an amount OF addition
nj capital also invested In the property pledged,
| it Is believed that no securities now offered In
| the market possoss the sane claims To conh.
dence and market vE!ue, except those OF the
Government.
Under these favoring auspices very graft tying
progress has been made in extending the railroad
| track from both directions. Nearly lOOO milrs
| of the Main Line and conyerging branches ne
| 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 20 the summit Of tho 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 Is7o
amount almost 10 certainty.
| The prominent feature In the progress Of the
| CENTRAL PA TTC RAILROAD is the remarkably
large and profitable Local business which IL de.
velOpcd upon tho completed portion, more than
iustifying the estimates Of its professionalism
the immense traffic between the ports of Cali
foTnia and the mining regions OF the intr' or
| would sustain a drst-olass railroad line, sven II
| the overland connections were not built Tho
net profit upon operating the link Of less than
| one hundred miles. thus FAR. reaches nearly two
millions in gold and this ratio will he doubled
during the coming season, when the entire
mountain transit II made by the locomotive
| With every extension Of the track. the business
and profits Of tho completed part are increased
40 that when the overland through traffic shall
| be centered upon the CENTRAL ROAD, the gen
! eral prosperity Of the company viii be without
! parallel and its securities appreciated corros
pondingy Tho CENTRAL PACIFIC RAILROAD
! CoMPANY offer for sale theirFIlLST MORTGAGE
! THIRTY YEAR SIX PR CENT. GOLD
NDS and submit 90 Investors the
| following among other obvious oOnsidora.
| tons; and invite the comparison with the merits
and eIcellenciss Of any class Of Corporate 10
Gurities:
| l. These Bonds are based upon tbs most vital
| and valuable part of the Grand National Pacific
Railroad soon to become the main channel Of
communication on the continent.
Il III. The local settlement and business tbere.
from Ia remarkably large and profitable, and
, must constantly increase.
III. The hardest part Of tho road 10 now
buIlt and the remainder will DO rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road ia provided by the u. =. Gov
eminent upon a subordinate lien.
! " The State and chief cities Of California
have contributed upward Of 100000 b. the
enterprise without lien.
VI. The grant Of land II destised at an early
} day tO prove Of far greater market value than
; the total Of the lrst mortgage bonds issued
upon the road and equipments
VII. This road lies altogether among the gold
and silveg producing regions, and its revenues
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 orpons
= and interest, IL devoted To construction purps
ses.
7 TX. The interest liabilities Of the eompan
are even now lsss than 4 third tbs net ear1inE
upon the road pledged.
K Both PriBeiDaI and Interest are pdgabk &
Gold, under special provisions Of both bati0na
and State enactment.
The bonds are in sums Of 1900 each, Wit
semi annual gold coupons attached and are oi
fered for sale Al % Der cent Of their par valu'
< and accrued interest from Jan. ]. sdsed, b en'
4 rency.
The baek lutsrest Is charged at six per eeni
4 In .,srrSn1y though repaid Ina full In goa.
j. this time they yield nearly
D. y,yT PEE CEYT. UPON THE LSVgs7
I: 4
Thee bonds I'D fair 20 attain thS most prom
inent position among the n0nbpeenlatiye 10
vessments Of the country. and VII be aEtivel
dealt In al the msney. centres IN EurOpe
. Holders Of Government securities have an OI
/ pOrtunity Of exchanging them for Central r
cihe Bonds bearing an equal rate Of intsres
,. with the principal vel secured, andof
: REALIZING PROFIT or TEN TO III
Is TEEN PER CENT IN ADDITION
a Orders sent with the funds through responi
be Banks or Express Companies VIII tecsl'
prompt attention. Bonds ssnt By return
~ press 20 any address In the United STATE.
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