The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-08
Principal & Interest in Gold Coin.
CeHtral Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov
ernmOnt, for wise purposes, has given its aid
and encouragement 10 the construction OF one
MAN THROUGH LINE OF RAILROAD from the Pa
eide Ocean across the Territories 20 conuec,
with the various Eastern branches Of the Pa
cifc Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty ans'coutinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANE-who are carrying IL forward with
greater energy and persistence than was ever
shown In any similar work in ancient or modern
times-will bui.u, 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.
per mile, contiguous 10 this Ane, and sn appro.
priati0n from the National credit Of SIXTY NIL.
LIONS in 9 PER eENT. 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 a 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 to the corporations
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, ichieh
shall be The first claim upon he Iphote railroad prop
erty and 10 tchich The lien Of The Government shat
be subordinate "a q means Of more readily secur.
ing the remaining half Of the capital for the con.
structon; the 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, q SEMI NATIONAL
Work, aided and commended by the people the
Legislative power, and the Executive officers,
though its management ia administered nth al
The care and JOTethotyh ~ hs most eminent PIRATE
corporations. Being under the constant super
vision of the Government-who, being the prin.
cipal creditor, accepts q subordinate and cOntin.
gent lien-with 50 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 to conf
dence and market value, except those OF the
Government.
Under these favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly lOO0 miles
of the Main Line and converging Branches DO
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years The CENTRAL Pacific RAILROAD has
also steadIIy 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
iornia line. Having overcome by far the most
difficult and expensive portion of the whole
line, the probabilities OF the through connection
with tho Eastern lines being effected In lsIU
amount almost To certainty.
The prominent feature in the progress Of th,
GENITAL PA iIC RAILROAD IL the remarkably
large and profitable Local BusincrS which IN do
vclOped upon the completed portion, more than
iustifying the estimates of its Professionalism
the immense traffic between the pOrts of Cali
fornia and the mining regions of the inter OF
would sustain a frst-Class railroad line even Il
the overland connections were not built. The
net profit upon operating the link of less than
one hundred miles thus far rcashes nearly TIVE
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit Is made by the locomotive
With every extension Of the track, the business
and profits Of the completed part arc increased
80 that when the overland through traffic shall
he conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and It's securities appreciated cores
pOndingly. The CENTRAL Pacific RAILR0Ar
COMPANY offer for sale theirFIkST MORTGAGE
Thirty YEAR SIX PER CENT. GOLD
BON s. and submit 10 Investors TIE
following among other obvious oonsidora
tiOns; and invite the comparison with the merits
and eIcellencies Of any class OF Corporate SO
Guritics
l. These Bends are based upon the most vita
and valuable part OF the Grand National PaciB'
Railroad. soon 10 become the main channel o
communication on the continent
III. The local settlement and business iher c
from is remarkably large and profitable and
must constantly Increase.
III. The hardest part Of the road il nov
bnilt, aud the remainder will he rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
To build the road Il provided by tho L. =. Gov
eminent upon a subordinat lien.
V. The State and chief cities OF Caliornii
have contributed upward Of t3,OJ,DD 10 I'd,
enterprise without lien.
VI. The grant Of land Is destined at al early
day 70 prove Of far greater market value thar
the total of the frst mortgage bonds issne'
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and its revenue
are received 10 coin.
VIII. The management Of this COMPANY ha
been IN the highest degree prudent and frugal
and the whole surplus, after payment OF eIpens
and interest, is devoted 10 construction purp1
| ses.
TX. The interest liabilities Of The c0upan
are even now less than 4 third the net earning
| upon the road pledged.
X. Both Principal and Tnt>rcst are pdyoJ1
God, under special provisions Of both Nation!
and state enactment.
| The bonds are in sums sf 5000 each, Wit
semi annual gold coupons attached, and are o
| fered for sale at % per cent Of their par Vain'
and accrued interest from Jan. :, Sdaed, In cui
rency.
The hack interest il charged al sir per cen
In currency, though repaid in full in god A
this time they yield nearly
NINE PER CENT UPON THE ISVEs
MEM
! These bonds hid fair 20 attain the most ,rOr
inent position among the DonSpeculatiTs Il
, yestments Of the country and vii be astivel
dealt in At the money centres in Europe.
H0ldsr OF Government securities have m o.
1 nortu1itE a exchaugfng them Tor Central +