The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-27


cifc Ocean across the Territories 10 connect
with the various Eastern branshes of the Pa
cihc Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trals-continental trafht
will concentrate.
The CENTRALl PACIFIC RAILROAD
COMPANY-who ars carrying IL forward with
greater energy and persistence than was ever
shown in any similar work in ancient or modern
times-will build equip, own and control the
Western Half of this Through Line, the most
productive, favored, aud valuable portion Of the
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cOnti'
uent.
The Act Of Congress contcrs upon the CorpO-
ratons, besides the right Of way across the Ter
ritories gift of IL $40 acres OF the public lands
per mile, contiguous 20 this line, and En appro
priation from the National credit of sixty MI.
LIONS in FER CENT. RoNDs delivered as th'
work progresses; or half the estimated cost d
the Through Line and Branches. These Sub
sidy bonds the company may cancel IN csurs'
of years by the Transportation services OF tbs
Roads aud a small per centage Of their net earn
ings; they, therefore constitute an element oil
great strength 10 the corporations.
The Act further authorizes them to isSue an
equal amount of their own First Mortgage
Bonds Of corresponding denominations, ichiel
shall be the Erst claim upon The HhOls railroad prop
ertv aud 10 lrhieh the hen Of the Government shall
b. subordinate, as q means OF more readily secur
ing the remaining nan OF inc oaPtai TOT tne SSh
structlOhi tne equlphSnls az, icing PIV'. 49,.
sources.
The great CENTRAL PACIFIC RAILROAD is there
fore In an important sense, q SEM NATIONAL
WovvE oided and commended nv tbe Deople th,
7 .r;siati,e. no,-sr and tha EIscutiye ofiCars
,Ils,,,L its cement IA a5,a;nistSrSd MIR al
~ srs ,1J forstIo,,6t he ,nnt sD,insuf prrdt
.a,.,t;o'1; peing under the constant suDer
if 20 a. n - ,.o,t- ,rho heiny the urin
;,,aI croJitor occents a snhordinate aud contin
pa ~ LEI 40 IT, an ornannt ~ addition
,,i,i ~ i,yss,a5 IN tbe nrnncrt,, Med cd
4, - beiisva5 that mo sacurities now offered In
ba ,narLet rossssa the San claims 10 conf
49, "a r,arLat ,aIna accent those of IN,
Gn,orHwen,
-.,,.,--
Under these iavoring auspices very grauiylhG
progress has been made IN extending the raiIroac
track from both directions Nearly IOOC m'ie'
OF the Main Line and conVerg'ng branches DC
tween the missouri IsNsr anu me TaSS " W, w
KecAy M%mhtGns nav P PSST quiz bs
"a corrad az Moi,
also ss anu a,.i',",; ~ ,b,
| RsfH &c 70 flsaa TF1if nI he
into ,Le I,rsot Sait Iaa Rasin east of the cali
JificnIt and synsnsive norton NJ the wbol,
lie tho nrobaIiIities Of he tbrougb conucctJoI
Will m, Fastern lines beIng effected In ISL
arnornt sln,ost IN certainty
The nromipent feature IN the prosress Of IN,
CySTRGI. p IcIFIc RAuRoAp "a the remarkabl,
large and profitable Local business which is de
iustifying the estimates OF its ,pIojectors-tha'
the immense traihc between tue ports OF CAl
lorna ana the mining regions OF Tue int o.
net profit upon operating the link Of less thar
one hundred miles, thus far, reaches nearly two
millions in gold: and this ratio will be doubled
m MOI transit Is made 9y The ,oogmGiiyL
WIN esSry IH ,, % W. tnS
anu PLonSs VI iio 49,,
eral prosperity Of the company will be- without
parallel, and its securities appreciated CORES
pondingly. The GENITAL PACIFIC RLlLRSN
COMPANY offer for sale !heirFIhST MORTGAGE
ioIIoyring omong other obyians eopadera
tiGns and invite the oomparison with the merit,
and eTcellencies of any class Of Corporate 80
]. These Bonds are based upon the most vital
and valuable part Of the Grand National PActbc
Railroad soon to become the main channel Of
communication on the continent
II. The local settlement and business there
from ia remarkably large and profitable, ant
must constantly increase.