The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-06

ciic Railroad system, and which will form the
GRAND TRUNK ROUTE to the Far West
upon which the mighty trans continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whO are carry ing it forward with
greater energy and persistence than was ever
shown in any siP'ilar work in ancient or modern
tlmes-wtll bui'I, equip, own and control the
Western Half Of this Through Line. the mos.
productive, favored, and valuable portion OF the
whole, AMI may Justly be regarded a. possessing
the richest franchise ever granted on this CONT.
ncnt.
The Act OF Congress conters upon the Corpo
rationS besides the right Of way acToSs the Ter
ritories gift Of L. 5OU acres OF the public lands
per mile, contiguous TO this line aud Gu appro-
priation from the National credit Of SIXTY NIL.
LIONS In 6 FER CENT. HoNDs, delivered a. the
work progresses; or half the estimated cost at
the Through Line and Branches, these sub
sidy bonds the company may cancel in a caurSe
Of years by the Transportation services Of the
Roads, and a small per centage Of their net earn
ingsi they, Therefore, constitute an element oi
great strength 20 the corporations.
The Act further authorizes them 20 issue an
equal amouDt Of their own First Mortgage
Bonds Of corresponding denominations, rhicA
shall BE- the first dam rpm ne ich0, rdl cad prop
srty and 70 Chioh NE hen Of tho GoueT1Imsnt shhR
b subordinate, as means Of more readily secur.
ing the remaining half 81 the capital for the con
strncti0ni the equipments, &c. being provided
ont Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD IL there
fore In an important sense, n SEM NATIONAL
WORK aided aud Commended by tue people, rue
Legislative power, and the Executive oticers
though its management In ADMINISTERED nth all
the care aud foretEoUgk Qf The most siHiH'It pirate
Being under the constant snper
vioion of tho Government--who being the prin
cipal creditor, accepts subursii nate aud contin
gent licn-vith 80 largo an amount OF addition
al capital also invested in the property pledged
IL IL believed that no securities now offered In
the market possess the san claims 60 conf.
dence and market value except those Of the
Government
Under these iavoring auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly 100 miles
OF the Main Line and converging Branches no
tween the Missouri River End the base OF the
Rscky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried thr Main
Stem Line from the steamboat navigation of the
Pacific 10 the summit Of the Sierra Nevada aud
Into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the most
Difficult. aud expensive portion Of the whole
line, the probabilities Of the through connection
with the Eastern lines being oifectsd in ls1n
amount almost 10 certainty
The prominent feature IN the progress al the
CENTRAL PA IFIC RAILROAD IL the remarkably
large and profitable Local Business which IN de
vel0ped upon tho completed portion, more than
institying the estimates of its PROFESSIONALISM
fOrnia and the mining regions Of the int, or
would sustain hrst-claaA railroad limo even 10
the overland connections We're not built. The
net profit upon operating the link Of loss than
ono hundred miles, thus tar, reaches nearly two
millions In gold: aud this ratio will be- doubled
during the coming season, when the entire
mountaiH transit IL made by the locomotive &.
With every extension Of the track, the business
and profits of the completed part are incuas-d;
30 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, thu gen.
eral prosperity Of tho company will be without
parallel. and its securities appreciated CORES
pondiDgly. The CENTRAL Pacific RAURsAn
COMPANY offer for sale iheirFIhST MORTG AGE
THIRTY YEAR SIX PR CENT. GOLD
Il ON DIS, and submit TO Investors Ire
following, among other obvious oonsidern.
lions; and invite the comparison with the merit,
and ercellenciss Of any class Of Corporate Sc
Gurities:
|. These BsDds are based apon the moe; vital
aud valuable part Of ths Grand National Pacific
Railroad soon 10 become the main channel ~
communication on the continent
II. The local settlement and hrsines, theT ..
from IL remarkably large and profitable and
must constantly increase.
Ill The hardss, part Of the road il now
built, aud the remainder xill bo rapidly carrie 4
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
10 build tho road IL provided by the L. s. Gov.
ernmont npOn \ subordinate lien.
V. The State and chief cities Of California
enterprise without lien.
VI. The grant Of land Ia destined At 40 early
day 10 prove Of far greater market valrs than
the total OF the frrt 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.
VII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplus after payment al expense
and interest, IL devoted % construction purp"
EGs
TX. The interest Liabilities Of the company
are even now less than third the net sArRiRg'
upUn the rad pledged
Z, Both Principal and Int>rcs ar, payaLL -
Gold under special provisions Of both Sat'ona
and State snactmsut
The bonds ara In sums OF SiOoo each, with
semi snnual gold coupons attached, ADD are Of
fered for sale At % per cent, Of their par vAlus
and accrued interest from Jan ]. sdAed. IN esf'
rency.
The baek interest ia charged at siI per cent
IN esuTsnzy, though rtpAid 10 foil 10 ga5 s
this time they vteId nearly
HISP PFR CEST UPOS rHE INVEST
MINI
TkGse bonds brd fair To lttaan the Ial.-i pTotn
mont position aLnDUg the non speculative IN
vestrpents Of tbs country, and win bs actively
dealt in n The Bsnsy -csDtrrs IN Europe
Holders CT Government securiiIss have a. %
Portunity Of exchanging them for Csntral Pa
ehc BoEds bearing an squAl rsts Of iHiCTesf
With the principal yell serHTsh and 81
RRALIzTSG 4 PEOFTf If TN To ~
TPRS PER CENT. IN IDDITIOE.
Orders seBt with The fsaas through rs-poHs.
lie Banks OF Express conpaniss Will rseefF'
prompt attention. Bonds s<ut by T.turn RI
prezs 20 any address in the United State u
our cost InfoFYaaiou. Descriptive pamphists
Baps. Ae-, fprnished On application AZ the otfos
Of The Raifroad Company. No. = WiliiIrr
street and Of
FISK & HATCH.
BsnkerS and Dealers In GOveTEnsnt SecuTitles
and Financial Agents oftbe &. T. z r. Co
tsaI No : Nassau street New York