The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-27
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov.
eminent, for wise purposes has given It's aid
and encouragement 20 the construction Of one
NAN THROUGH LINE OF RAILRoAD from tho Pa
cine Ocean across the Territories 10 connect
with the various Eastern Branshes Of tho Pa
cine Railroad system, and which viii form the
GRAND TRUNK ROUTE 20 the Far West
upon which the mighty traRs-oontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANH-who are carrying 10 forward with
greater energy and persistence than was ever
showniR any SIMILAR work in ancient or modern
times-win buiin, equip, own and control the
Western Half Of this Through Line. the most
productive, favored, and valuable portion Of the
whole, and may lnstly DO regarded ~ 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.
ritories gift of - so acres OF the public lands
per mile contiguous IL this line, and an appro-
priation from the National credit Of SIxrI NIL
LIONS In PR eKNr. BONDS, delivered ~ the
work progresses; or half tho estimated cost "a
the Through Line and Branches. These sub
sidy bonds the company may cancel in q osurss
Of years by the Transportation services Of the
Roads, and a small per centage Of their net earn
ings; they, therefore, constitute an element a
great strength 70 the corporations.
The Act further authorizes them TO issue -
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, VAieA
shall be The FrSt claim upon ne Iohols railroad prop
erty, aud 20 tohieh The lien Of Tia Government sAdf
be subordinate, as a means Of moro readily socsS
ing the remaining half Of the capital for the CON
afru he hAlnu fAaA
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD IL therc-
fore, in an important sense, q SKAI.NATIosAL
WORK, aided and commended by the people tbe
Legislative power and the Executive Office
though its management Ia administered Wite
the and JOTch0ugh Of tie most esnGsleSf prtrd6
corporations. Being under the constant supse
viaion of the Government-who being the prfH
cipal creditor. accepts a subordinate and oontiH
gent lien-with 30 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 70 conb
donce and market vElue, except those Of the
Government
Under these favoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 milns
of the Main Line and cOnverging Branches b~
Rocky Mountains have been built within thrce
yeara The CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Call.
fornia 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 ls7O
amount almost 10 certainty.
The prominent feature in the progress Of tho
CESTRAL PA IFIC RAILROAD 10 the remark ably
| large and profitable Local Business which 10 do
veloped upon the completed portion, more than
iustifying the estimates Of its pIojectors-that
| the immense traflio between the ports Of Cali
fornia and the mining regions'Of tho int~s ~
would sustain hrst-class railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of lesa than
one hundred miles thus far reaches nearly two
millions In gold; and this ratio viii bo doubled
during the coming season, when the entire
mountain transit Il made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are increased
10 that when tho overland through traffic shaN
be centered upon the CENTRAL RoAD, the ges
eral prosperity Of the company will be without
parallel, and its securities appreciated eorres-
pOndingly The CENTRAL PACIFIC RAILksiD
COMPANY offer for sale theirFIhST MORTGA0R
THIRTYYEAR SIX PER CENT. GOLD
BON S, and submit 20 Investors tis
following, among other obvious c0naldera-
tons; and invite the comparison with tho merits
and eIcellencies Of any class Of Corporate 80
ourities;
J. These Bonds are based upsn the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 20 become the main channel ~
communication on the continent.
II. The local settlement and business there
from Ia remarkably large and profitable, ahd
must constantly increase.
III. The hardest part Of the road 10 now
built, and the remainder viii DO rapidly carried
forward ever the Salt Lake PlAina. p
~. The greatest part Of the mean, necessary
| to build the road II provided by the y. y. Gov
| eminent upon n subordinate lien.
V. The State aud chief cities Of California
have contributed upward Of e50Oo.OOO 10 The
enterprise without lien.
day 20 prove of far greater market value than
the total Of the first mortgage bonds issued
upon the road and equipments.
VII This road lies altogether among the gold
and silver producing regions, and its revenues
are received In coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplus, after payment OF srpenss
and interest, IL devoted 10 construction purps-
ses.
are even now lea than third the net earnings
upon the road pledged.
| Geld, under special provisions Of both Estons<
and State enActDeRt
The bonds are In sums Of 1900 each, vits
semiannu1 gold coupons attached and are o.
fered for sale at % per cent OF their par vHue'
and accrued interest from Jan. !, adsed. In eur
rency.
The back interest Ia charged q. az per es.'
this time they yield ne>ny
Uyg PEE OBSr. UPON THE Dvssy.
KgyE
These bonds bid fair % attain the mott yrun-
ibent position among the nOn-speoulatiys On.
| vestsDents Of the country. and vii be aSuvely
dealt In at the msnsy centres In Europe.
HOldsFs Of Government securities hsve an 90,
Dortunity OF exchanging them for Centrai Pa
cihe Bonds bearing an equal rate u interest
With the principal vel secured, and Of
REALIZING A PROFIT or TEN TO KIg
TEEN PER CENT IN ADDITION
r Orders sent with the funds through respoeA
bic Banks OF Express Companies VIII rely
prompt attention. Bonds Ssnt BY return "a
pres 70 any address In the United etesIsi -
our cOst InfOrVzt0 Descriptive k.aN~-
Naps &c furnished on spphcafion 10 W, H..
: Of the Railroad Company. No. 80
. street, and Of