The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-24

The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 10 forward with
greater energy and persistence than was ever
shown IN any sipilar work in ancient OF modern
tlmes-wtll bui.n, equip, own and control the
Western Half of this Through Line the most
productive, favored, and valuable por ton of the
whole, and may Justly be regarded As possessing
the richest franchise ever granted on this cont.
nent.
The Act of Congress confers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift of II 500 acres of the public lands
per mile, contiguous 10 this line, and All appro-
priation from the National credit of Sky NIL
LIONS in PKR CENT. HoNDs, delivered as the
work progresses OF half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in n course
of years by the Transportation services of the
Roads, and a small per centage of their net earn
ngs, they, therefore, consulate an element OF
great strength 10 the corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tohich
shall be the frSt claim upon The IchOs railroad prop
erty aud % chich The iSa Of The Government sAdH
be subordinate, as means OF more readily secur.
ing the remaining half Of the capital for the con.
struction; tho 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, q SEMI.NATIoSAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management il administered Wih al
the aud COrettOiight of The most eminent pirate
corporations. Being under the constant super
vision of the GOveTument-who, being the prin'
cipal creditor accepts subordinate and Contn.
ltnV oil N.Ea nj lion
al capital also invested in tho property pledged
il is believed that no securities now offered In
tho market possess the SAM claims 10 conh
dencc and market value, except those Of the
Government
Under these favorinng auspices very gratifying
progress has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnvorgiug Branches bo-
tween the Missouri River and the base Of the
Rscky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadIIy 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 Cali
| 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 le7O
amount almost 10 certainty.
The prominent feature in the progress Of the
CENTRAL PA IF1C RAILROAD is the remarkably
large and profitable Local Business which IA do.
veloped upon the completed portion, more than
iustitying the estimates OF its pToIectOrs--that
| the immense traffic between the ports Of Cali
| fOrnia and the mining regions Of the intrI or
would sustain frstclass railroad line, sven II
the overland connections were not built. The
net profit upon operating the link of less than
| one hundred miles, thus lar. reashes nearly two
i A Al Il IL
during the 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
50 that when the overland through traffic shall
be- conferred upon the CENTRAL ROAD, the gen.
eral prosperity OF tho company will he without
parallel, and its securities appreciated cores
| pondingly. The CENTRAL Pacific RAILROAD
COMPANY offer for aalo theirfIhST MORTGAGE
THIRTYYEAR SIX PER CENT. GOLD
BON DIS, and submit TO Investors tie
following. among other obvious oonsidera
tions; and invite the comparison with the merits
and eIcellencies Of any class Of Corporate Sc
| eurties
J. These Bends are based upon the most vital
and valuable part OF the Grand National Pacific
| Railroad, soon 10 become the main channel Of
communication on the continent.
| III. ne local setUeInent anu
| from Is remarkably large and profitable, m d
must constantly increase.
built and the remainder will BE- rapidly carrie d
| forward over the Salt Lake Plains.
| ". The greatest part Of the means necessary
to build the road Ii provided by the u. 5. Gov.
eminent upon 4 subordinate lien.
V. The State and chief cities OF California
have contributed upward Of tJ,0OO,OO 10 the
enterprise without lien.
! VI. The grant Of land Is destined at an early
| day 20 prove Of far greater market yaIne than
the total Of the lrst mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and It's 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 OF expense
and interest, is devoted TO construction purpe
ses.
TX. The interest liabilities Of the company
are even now Ioss than q third the net earning
upon the road pledged.
\. Both Principal and THteTef az, pdyaJk "a
God under special provisions Of both Sationa
aud State enactment.
The bonds are in sums Of 1900 each. viii
! semi-aunual gold coupons attached, and are Of
| fered for ALE at % per cent Of their par value
and accrued interest from Jan. /. Adaed, In cur
rency.
The hack interest Il charged at ak per cen,
in currency. though repaid In full in gold A
this time they yield nearly
NINE PER CgS1. UPON THE LyTES7
XEyT.
These bonds Nd fair 10 attain the most prom
inent position among the non speculative IN
yestmsnts Of the country, and win be sstiVei
dealt in at the msney-ceDtTes 10 RBrDpe.
Holders Of Government securities have an op
poTiunity Of exchanging them for Contra y.
eife Bonds bearing equal rate o. lb<'es'
with the principal well secured. and OF
REALIZING A PROFIT OF Ten TO III
TEEN PER CEgZ IN ADDITION.
Orders sent With the funds through re4pons
HE Banks or Express Companies Will receiv
,,rompt attention. BOBds ssnt by return II
pre-s 20 any address in the United stats, =
oar cost InforD alton, Descriptive pamphlet
Asps, &c, furnished On application at the enc
Of the Railroad Company, No. - "iaar
street. and Of
FISK a. HATCH,
n / Bankers ana Dealers in Government Seeuritis
and FINANCIAL Agents of the c. p z r Co.
wa 30. Nassau street, New York.