The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-03
DESIRABLE

DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin
The atseation.Of Investors, Tr.stees, Execu-
tons, and others desiring sn unusually safe, ~
! Liable and profitable form of permanent invest
). ment "a called to the advantage and assurances
, sf the
Central Pacific Railroad First
! Mortgage Bonds.
1t Is commonly known that the General Gov.
eminent, for wise purposes, has given its aid
and encouragement to the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cific Ocean across the Territories 70 connect
with the various Eastern Branshes of the Pa
cifc Railroad system, and which will form the
a., - ~
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
! COMPANY-who are carrying it forward with
! greater energy and persistence than was ever
shown In any slRilar work in ancient or modern
times-will build, equip, own and control the
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 conters upon the Corpo-
rations, besides the right of way across the Ter
ritories gift of - 500 acres of the public lands
per mile contiguous 10 this line, and en- appro-
priation from the National credit OF Sixty NIL
LIONS in 6 FER CENT. BONDS, delivered rs the
work progresses; OF half tho 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 small per centage 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, t0hich
h1u be the first claim upon the tohOte railroad prop.
eyty, and % tohich the lien Of ue Government shall
be subordinate, rs means of more readily secur.
ing the remaining half Of the capital for the CON
struction; 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, o SEMrNATloNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though Its management Ia administered Nth al
the care and JOrethOugi Of the most eminent private
corporations. Being under the constant super
vision of the Government-who, being the prin'
cipal creditor accepts a subordinate and cOntin.
gent lien-with 50 large Am amount OF addition
al capital also invested In the property pledged,
Il rs believed that no securities now offered IN
tho market possess the sane claims TO conn.
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 1000 miles
| OF tho Main Line and oonverging Branches be.
| tween the Missouri River and the base of the
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 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 1870
amount almost TO certainty.
The prominent feature in the progress of the
| CENTRAL PA IFIc RAILROAD Is tho remarkably
| large and profitable Local Business which Ia do
velOped upon the completed portion, more than
justifying the estimates of its pIojectors-that
| the immense traffic between the ports Of Cali
| forniA and the mining regions OF the inter or
would sustain first-Cass railroad line, oven II
| the overland connections were not built. The
| net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio will be doubled
during tho 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 are increased;
90 t,tr,5fpH5Glibo Overland through traffic shall
! b. centorcd upon tho CENTRAL koAD, tbS gERi
eIal prosperity Of tho company viii be without
parallel, and its securities appreciated corros-
! pOndingly. The CENTRAL PACIFIC RAILReAD
CnNrASTnfTcr for sale theirFIRST MORTG AGE
! THIRTY.YEAR SIX PER CENT. GOLD
: i o n DIS, and submit 20 Investors tho
! following among other obvious cOnsidera-
and eXc"Eencies Of any class OF Corporate ~.
ourities'
! l. These Bonds are based upon tho most Vital
! and valuable part Of the Grand National Pacific
Railroad. soon 10 become tho main channel q.
communication on the continent.
( II. The local settlement and business Their o
from IA remarkably large and profitable. sut
must constantly increase.
III. The hardest part of tho road "a now
| built aud the remainder Will be rapidly carrie Z
4 forward ever the Salt Lake Plains.
| ". Tho greatest part Of the means necessary
70 build the road is provided by tho U. 5. Gov
! eminent upon a BubOr diDate lien.
V. The State and chief cities Of California
| have contributed upwaT! 0! pm0o~ 10 tho
enterprise without lien.
VI. Tho grant Of Land Is destined at an early
day TO prove Of far greater market value than
1 the total Of the first mortgage bonds issued
upon the road and equipments.
| VII. This road lies altogether among the gold
and silver reproducing 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 eIpens'
and interest, Is devoted 70 construction purpe
ses.
! TX. The interest liabilities Of the company
are even now less than q third the net earhing'
upon tho road pledged.
| X Both Principal and Interest are pdydbL Il
Gold under special provisions Of both Sations
and State enactment.
The bonds are IN sums OF 1900 each, wit
| semi-aunual gold coupons attached, and are oi
fered for sale at % per cent Of their par valui
and accrued interest from Jan. J. aided IN cui
Tency.
The back interest IL charged AZ six per cen
in currency though repaid in full In gold. A