The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-22
Central Pacific Railroad First
Mortgage Bonds.

II is commonly known that the General Gov.
ernm0nt, for wise purposes, has given its aid
and encouragement 10 the construction Of one
MAIN THROUGH LINZ or RAILROAD from the Pa.
cihc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa
| citc Railroad system, and which will fern the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty transcontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying 10 forward with
| greater energy and persistence than was ever
shown In any siRlilar work In ancient or modern
| times-will buiin, equip, own and control the
Western Half Of this Through Line. the most
productive, favored, and valuable portion Of tho
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this CONT
nent
The Act Of Congress oonfers upon tho Corpo-
rations, besides the right Of way across the Ter.
rtories gift of ~ 500 acres OF the public lands
per mile, contiguous To this line, and an appro.
pration from the National credit OF SIXTY NIL.
LIONS in fRR CKNr BoNns, delivered ~ tho
work progresses; half the estimated cost OF
the Through Limo and Branches. These Sub
sidy bonds the company may cancel In Q course
of years by the Transportation services Of the
/
ings; they, therefore, constitste an element OF
great strength 20 tbs corporations
The Act further authorizes them 10 issue an
| equal amount Of their own First Mortgage
Bonds Of corresponding denominations, tehieh
shall BE- the first claim upon tie choJ rrdiirodd prop
| erty and 90 tohich tie lien Of he G0rernNfHi chad
be subordinate, a 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 PACiFfc RAILROAD Ia there
| fore In an important sense q SIM. NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executives officers,
though its management Is ddTHtHisterod Nth al
The care aud JoreAouDh Of the most eminent private
corporations. Being under the constant super
viniOn of the Govorpment-who, being the prtn'
cipal creditor, accepts = subordinate and contln'
gent len-with 80 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 conh
dcnCe and market vrlue, except those OF the
| Government.
| Under these fayoring auspices very gratifying
progress has been made In extending the railroad
| track from both directions. Nearly 1000, miles
| of the Main Line and cOnvergtng branches DO
| tween the Missouri River and the base OF tho
. Rocky Mountains nlNe Dttu Dulll Within Nhit'
years. Tho CENTRAL PACIFIC RAILROAD has
also steanIIy 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 tho through connection
with tho Eastern lines being effected In 1870
amount almost to certainty.
The prominent feature in the progress Of tho
CESTRAL PA ITC RAILROAD IL the remarkably
large and profitable Local business which IL do.
velOped upon the completed portion, moro than
iustifying the estimates Of ia pTojeotors-that
the immense traffic between tho ports Of Call.
fornia and the mining regions OF the intti or
would sustain hrst-clnss railroad line, even IL
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 DO doubled
during the coming season. when the entire
mountain transit Il made by tho locomotive
! With every extension Of the track, the business
and profits Of the completed part are increased;
! 20 that when the overland through traffic shall
| be centcrcd upon the CENTRAL ROAD, the gen.
eral prosperity Of tho company will be without
parallel, and its securities appreciated oorroS.
| pondingly. Tho CENTRAL PACIFIC RAIInsAD
COMPANY offer for sale thoirFIkST MORTGAGE
| THIRTY YEAR SIX PER CENT. GOLD
IBOEDS, and submit 20 Investors tac
following, among other obvious cOnsidora-
! tons; and invite the comparison with tho merits
and eNcellencies Of any class Of Corporate NJ.
eurities:
]. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon tO become the main channel Of
/ communication on the continent.
! II. The local settlement and business there.
from il remarkably large and profitable, and
must constantly increase.
III. The hardest part Of tho road IL nov
built and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road Is provided by tho 4. 4 Gov.
eminent upon o subordinate lien.
! V. The State aud chief cities Of California
/ have contributed upward Of tJOJ,1DO to tho
enterprise without lien.
vi. The grant 81 land l. deztiHed at an early
| day % prove NJ far greater market value than
tho total Of the hrSt mortgage bonds issued
upon the road and equipments.
! VII. This road lies altogether among the gold
and silver producing regions, and it, 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 Oi sTpsnsa
and interest, IL devoted 10 construction purps-
Sea.
TX Tho interest liabilities Of the company
are even nov less than = third the net earnings
upon the rad pledged.
X. Both Principal aud Ini>rest are pdyaLL IA
GOid, under special provisions Of both National
and State enactment.
The bonds are in suns Of 1900 each. with
semi annual gold coupons attached, and are Of.
fered for sale at IS per cent. Of their par TApe'
and accrued interest from Jan. ]. sdaed IN cur
reney.
The back intsrest Is charged az siI pr ''s'
In currency, though repaid In fan ih s''1
. this time they yield nearly
v,vy pyR CENT UpOy THE BVRsr
HEST.
Thee bonds I'D fair 90 attain the most prom
inent pO-iu0n among tbe Ch-slscnhuFs IN
yestrnsnis Of the oOUntry. and VIII Be AAtively
dealt Ia a. the msnsy- ceDtTes in Europe.
| Holders Of Government securities have an OBJ
I p0rtunity Of exchanging them for Central Pa
cihc BOnds bearing an equal rate Of interest
With the principal well secured, and Of
REALIZING 4 PROFIT or TIN TO FTF.
TEEN PER CENT IN ADDITION.
4 Orders sent with the funds through rssponst
bic Banks " Express Companies VIII receive
prompt attention. BOBds sSnt ~ return El
press 70 any address IN The United sts.ii "a