The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-01
CedTraI Pacific Railroad First
Mortgage Bonds.

Central Pacific Railroad FRS
Mortgage Bonds.
II is commonly known that the General Gov
eminent for wise purposes has given 10 Al
Z and encouragement % the construction Of on
MAIN THROUGH LINZ o. RAILROAD from the Pa
cihc Ocean across the Territories 20 connec
I with the various Eastern BrRnsbes Of the Pa
I cifc Railroad system, and which viii form Ii
/ GRAND TRUNK ROUTE e the Par West
upon which the mighty trARs-cOniinentAl trHfh
VIII concentrate.
I The CENTRAL PACIFIC RAILRoAl
! G OMPANY-vho arr carrying IL forward witt
/ greater energy and persistence than Wa eve
shown il any similar work in ancient or moderI
/ times-Win build, equip, eEn and control III
Western BALI Of this Through Line. the mos
! productive favored and valuable portion Of tn,
whole. and may Justly be regarded ~ PosseSsinl
the richest franchise ever granted on this cont
ncnt.
! The Act Of Congress oonfers upon the COrPO
ratiOns, besides the right Of way acruss the Ter
riiOries a gift OF ~ $40 acres Of the public land
! priAtiOn from the National credit Of sky MI
/ LIONS in PR CENT. BONDS, delivered A. IN
work progresses; or hAlfthe estimated cost Q
the Through Line and Branches These sub
sidy bonds the company may cancel IN oSurs
! Of wears by the Transportation services Of ID
! Roads and n small per CentAge Of their net carr
! ings they, therefore, consulate an element o
! great strength 70 the corporations.
The Act further authorizes them TO issue n
equal amount Of their own First Mortgage
Bonds Of corresponding denomination, trAiei
sha0 b. thc first claim upon he luoS roilrodd prop
! erts and % TrhicA tho hSR Of The Government sA1l
/ De- unfortunate as q means Of more readily socur
ing the remaining half Of the capital for the con
! struction, the equipments, &c, being provides
out Of the capital stock subscriptions and othc
I sources
/ The great CENTRAL PACIFIC RAILROAD IL there
fore, in an important sense, = SEAl -AAIioNA
| WORK. aided and commended by the people, III
! Legislative power, and the Executive Ofhoers
/ though its management IL administered Sth a.
he care and JOTCtGOUaf u laS mot eHineHf PTIrdt
! e0TpOrdfi0RG Being under the constant super
/ vision Of the GOvernmenf-who, being the prin
/ cipal creditor, accepts q subordinate and coftin
I gent lien-with 90 large an amount Of addition
al capital also invested In the property pledged
I /; is Believed that no securities now offered II
| the market possess the sane claims 20 conf
drnce and market value, except those Of ih'
Government
! Under these favorin ne auspices very gratifying
progress has been made IN extending the rallroaS
/ track from both directions Nearly 1000 mile
/ Of the Main Line and oOnverEing Branches he
/ tween the Missouri River and the baSe Of tn
! Rocky Mountains have been built within thrc
/ wears. The CENTRAL Pacific kAILKOAp hA
! also steadily and successfully carried the Maj
/ stem Line from the steamboat navigation Of tn
/ Pacific 70 the summit Of the Sierra Nevada, an
/ into the Great Salt Lake Basin east Of the Cali
| fOrnia line. Having overcome by far the mos
difficult aud expensive portion Of the who'll
/ line the probabilities Of the through connection
with the Eastern lines being elected In ls7
/ amount almost 10 certainly.
/ The prominent feature in the progress Of ib'
/ CENTRAL Pacific RAILROAD ia the remarkahl,
! large and profitable Local Business which is de
yeloped upon the completed portion. more thai
! justifying the estimates Of its pI0iecfors-tha
! the immense traffic between the ports Of Cali
! fornia and the mining regions Of the int O
would gBstain q trSt-class railroad line, evHu 1
/ the overland connections were not built The
net profit upon operating the link Of less thar
one hundred miles, tins Tar, reaches nearly tvs
millions in gold and this rItio viii be doubled
during the coming season, when the entir'
mOuntAiR transit u made by the locomotive
" TN every OF Ire AAe uHhlilth'
| and profits Of the completed pNTt are Increased
~ that when the overland through trafhc shal
be conferred upon the CENTRAL RoAD, the grs
/ eral prosperity Of the company vii be without
I parallel aud its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RA1LRsAI
! COMPANY offer for sale theirFIkST M0RTG AGI
| THIRTY YEAR SIX PR CENT COLL
b DIS, and submit 20 Investors -
following among other obvious oOnaiderA
tons; and invite the comparison with the MERIT
and eIcellencies Of any class Of CorpOrhte -
eurItits
I. These Bonds are based upon the most vita
and valuable part Of the Grand National PscibS
Railroad soon 20 become the main channel o.
communication on the continent
H. The local settlement and business there
from j. remarkably large and profitable, ant
must constantly incrbass
! III The hardest part o. the road b noS
bulk. and the remainder viii BE- rapidly carries
. forward ever the salt Lake Plains
( ". The greatest part Of the means neoes>zr!
/ 70 build the road Is provided By the Z. s. Gov
( eminent upon q subordinate lien.
I V. The State and ehisf cities 81 California
! have contributed upward - - OJe.Sp7 % tn
enterprise without lien.
/ VI. The giant Of land IL destined at An earl
/ day TO prove Of far greater market value thai
/ the total Of the first mortgage bonds issue'
[ upon the road and equipments
( VII The road Lee altogether among the gol'
/ and dlvsrpruducing regions. and its feTeuue
are received in ooih.
! VIII The management q this COMPANY Ia
/ been In the highest degree prudent and fruGal
. and the whole surplus. after paylBeHi Of sxJsEs
and interest Il devoted 70 construction PuTTa
I seE
/ TX. The interest Hzbiliiiss Of the e0mp4n
I an even now les than q third the net ezruin (
upOn The road pledged
7. Both Prinepol and Tnter,s, are paY4Ils
God, under special pTOyisi0ns Of botb hatiaaa
and State enActDsHt
The bonds are n Sums Of 1900 sseb. Wit
semi uHuAl gold coupons EttAohed, and are q
fsred for sale 81 IS pr cent. o. their pr rAlns
reBey.
III. back interest," IL charged ~ six pr cent
In r,arreses thOugb rrpaid n fun In gid A
this time they yield nearly
yIyE PER CEyT. CPoy TBE TyTEsi
NEET
Thee bonds bid fair 20 Aftzin the most yrOt
ineut position among the b0B-specalHtiys d
ves1neBts q tie country. and VIII - SSuTei
dealt in kt the Dsney -oentrSa ~ Enrupn-
Eoidsrs Of Government seeurit1es hare A o
Tsor1ubffy 81 exchanging thin for Csutrzl =
eff Bands bearing an equzl rate q inieres
With the principal vel Secursd, and q
REALIZING PROFIT or TES 10 III
TEEN PER CEHL N ADDITTOS.