The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-20
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

MOrtgage Bonds.
II Is commonly known that the General Gov
ernmsut for wise purposes, has given its aid
and encouragement 10 the construction OF one
MAIN THROUGH LINE on RAn.RoAD from the Pa,
ci1c Ocean across the Territories 90 connect
with tho various Eastern Branshes Of tho Pa
cifo Railroad system, and which win form tho
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty trans-continental traiho
will concentrate.
The CENTRAL PACIFIC RAILROAD
ICOAPANY-who are carrying 10 forward with
greater energy and persistence than was ever
times-will buila equip, own and control tho
Western Half Of this Through Line, tho most
productive, favored, and valuable portion Of tho
whole, and may Justly be regarded ~ possessing
the richest fanehisc ever granted on this eontf
mont.
The Act Of Congress conters upon tho Corpo-
rations, besides the right Of way across tho Ter.
ritOries gift Of II, sou acres OF the public lands
per mile, contiguous 70 this line, and an appro-
priation from the National credit Of SIKH MI.
| LIONS in PER CHSr. BONDS, delivered AZ tho
work progresses or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel In course
Of years by the Transportation services Of tho
Roads, and small por csntagc Of their net earn
ings; they, therefore, constitute an element Of
great strength 10 tho corporations.
The Act further authorizes thcm 20 Issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, NAieA
shall BE- tie first claim upon hs NhOls railroad prop
erty, aud % trhieh The kea Of Us Government sAaa
b. sttbOTdindte a. q means Of more readily sccur.
ing the remaining half Of the capital for the con.
struction; the equipments, 40, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL PAcfFIe RAILROAD Ii there
fore, In An important sense, q SEAFNATioSAL
Work, aided and commended by the people, tho
Legislative power, and tho Executive officers
though Its management Is administered tettN al
he and yorethO9h Of lAe most epinenf pr'rdtS
cOrpordtiOns Bong undor the constant super
vision Of the Government--who being the prin'
cipal creditor, accepts subordinate and oontln
gent lien-with 40 large an amount Of addition
al capital also invested In the property Pledged
| IL is believed that no securities now offered In
| tho market possess the sane claims 10 comb
dence and market value, except those OF tho
Government.
Under those favoring auspices very gratifying
/ progress has been made In extending the railroad
track from Doth directions Nearly 1000 miles
| of tho Main Limo and conyerging branches DO
tween the Missouri River and tho base Of the
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILkoAD has
| also steadly and successfully carried the Main
Stem Line from the steamboat navigation OF tho
Pacific TO tho summit Of the Sierra Nevada, AMI
into the Great Salt Lake Basin east Of the Call.
fOrhia line. Having overcome by far the most
difficult and expensive portion Of tho whole
line. the probabilities Of the through connection
with tho Eastern lines being effected In $50
| amount almost 20 certainty.
| The prominent feature In the progress u the
CENTRGL PA HIc RAILROAD il tho remarkably
large and profitable Local Business which 10 do
velopcd upon the completed portion, moro than
| iustifying the estimates Of IT, pTojectOrs-that
the immense traffic between the ports Of Cali.
fornia and tho mining regions OF the lnt'i or
| would sustain . hrstclass railroad line, sven II
| the overland connections were not built. Tho
| net profit upon operating the link Of loss than
one hundred miles, thus lar reaches nearly two
millions In gold and this ratio will BE- doubled
during tho coming season, when the entire
| mountain transit Il made by tho locomotive.
With every extension of the trick. the businea.
| and profits Of the completed part are increased,
10 that when tho overland through traffic shah
DO centsred upon the CENTRAL ROAD, the gen
| eral prosperity Of the company will be- without
parallel, and IL securities appreciated cores
pondingly. The CENTRAL PAcIuc RAnRhAD
CohPANr offer for sale thcirFIlSST MORTGAGE
THIRTY. YEAR Six PR CENT. GOLD
BONDS and submit TO Investors tAo
following among other obvious oOnsidera
tons and invite tho comparison with tho merits
and eIoollsnoiss Of any elias. Of Corporate &c
ouritioa:
l. These Bonds are bAsod upon the most vital
and valuable part Of the Grand National Pacific
Railroad soOn % become the main channel Of
| comm uncati0n on the continent
| H. The local settlement and business there
from In remarkably large and profitable. and
must constantly increass.
Ill Tho hardest part Of tho road Ia NV
built, and the remainder viii b. rapidly carried
forward over the Salt Lake Plains.
~. Tho greatest part Of the means necessary
| to buIId tho road IL provided by tho U. T. Gov.
eminent upon q subordinate lien.
v. The State and chief cities Of California
have contributed upward Of tJOO0.DO 10 the
enterprise without lien.
VI. The grant Of land Il dostlEod At an early
day 10 prove Of far greater market valuo than
the total Of tho srSt 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.
been In tho highest degree prudent and frugal,
| and the whole surplus after pa ymsnt ot eIpsBse
and interest, IL devoted 70 construction purps
ZEE.
TX. The interest liabilities Of the company
are even now leas than third the net esrhinks
upon the road pledged.
X. Both PTnapaI and TAt>rest az, psyab1 4
God, under special proyist0ns Of both hA''"ns
and State enactment.
The bonds are In sums Of tlRs each. with
| semi .snnu nal gold coupons sttache1I Aha sIs
fered for AAle At % per cent o. ~ 49, In eur
and accrued interest from Jan. J. AHss'' ~ cur
reDcy.
Tn. back interest Il charged At .ir par cent
e., s,1e,S-11. though repaid In full In god.
his time they yield nearly
NINE PER 0EST. UPON THE ISVgSr
XEYE
These bonds Nd fair 70 attain the NOS, prom,
IDsBt position among the bonrpoculAtiTs Il.
vestmsnts Of the country, and win BE- a4tiveiy
dealt in a. the mSney-eebtres In Europe.
Holders Of Government securities have an op.
portuHity Of exchanging them Tor CsntT.l Pa
eihe Bonds hearing an equal rate f interest
with the principal wen secured, and Of
IRRALIzIgG 4 PROFIT or TEN TO YTg
TEEN PER CENT IN ADDITION
, Orders sent with the funds through re.ponn