The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-15

with the various Eastern branches of the IA.
chic Railroad systVn, and which will form tie
GRAND TRUNK R0U rE 10 the Far We.
upon which the mighty trans-continental traih,
VIII concentrate.
The CENTRAL PACIFIC RAILROAD
COMPASY-who are carry ing IL forward with
greater energy and persistence than was ever
shown In any sir'ilar work in ancient or modern
tlmes-will buir, C1uiP, own and control the
Western Half Of lis Through Line. the most
productive, favored, and valuable pOr ton OF tue
whole. and may Justly be regarded a. possessing
the richest franchise ever granted on this cont.
nent.
The Act o. Congress oonfers upon tie CoIpO
raiions, besides the right Of way across tho Ter.
ritories, gift Of l2 SUI acres o. the pubic lands
per mile contiguous 70 th! lie, and Gu appro.
pration from the NatioL u,iit OF SINlY NIL.
LIONS In PER CENT mon v delivered as the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These Sub
Of years by the Transportation services OF the
Roads, and small per csntage Of their net earn
ings; they, therefore, constitute an element OF
great strength 10 the corporations.
The ACl further authorizes them 90 Issue al
equal amount OF their own First NOrtgar.
Bonds OF corresponding denominations, TL,ch
shall be The ErSt claim upon hC Ilh0lC railroad pTgp
ertI and 10 lrhich LC lien Of the GOrernu.sRt Shag
be subordinate, az meIns OF more rea' ss,,E.
ing the remaining hall Of the capital for the con
sta ton, the equipments &c being prov idcd
out of the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD is there
fore, in an important sense, a SEmNA1IoSAL
WORK, aided and comu' Eded by the people, the
Legislative power, and the Executive Ofhcers
though its management ia administered Wh al
the care and torSthou1h Of ths most SBiintni prrdh
COZ yOratiOnS Being under the courtlui super
viGi"n Of the GOvcrnmcnt-whO, being The lBu
cipa' creditor, accepts subordinate aud ,uuuu
gent lien-with 80 large an amount of addition.
al ,apitalalso invested In the property pledged
II is believed that no securities now offered IN
tho market possess the sLuo claims 10 c1nIi
dence and market value, except those OF the
Government.
Under these iayOring auspices very gratifying
progress Ia, been made in CNtcn ing the rarnad
track fIom both directions Nearly IUul miles
of the Main Line and cOnverging Branches be-
tween the Missouri River and the base of the
Rocky Mountains have been bult within three
years. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific 10 the summit of the Sierra Nevada AMI
into the Great Salt Lake Basin east Of the cali
fornia line. Having overcome 10y far the most
difficult and expensive portion of the whole
line, the probabilities Of the through connection
with the Eastern lines being effected In i-7o
amount almost 10 certainty.
The prominent feature in the progress q 'he
CENTRAL PA IP1C RAILROAD 10 the remarkably
large and profitable Local Business which IL de-
yeloped upoA the completed portion, moro than
oil IA Il In
the immense traffic between the ports OF Can.
fOrna and the mining regions Of the int. OF
would sustain a first class railroad line even II
the overland connections were not built. Tho
net profit upon operating the link Of less than
one hundred milea, Thus far, reaches nearly two
millions In gold and this ratio will be doubled
during the % iIng 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
80 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity of the company will lie without
parallel, and its securities appreciated CORES
pondngly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale theirFIIlST MORTGAGE
THlRTYYEAR SIX PR CENT. GOLD
b DIS, and submit to. Investors TIE
following, among other obvious cOnsdera-
tons; and invite the comparison with the merits
and eHcellenci,s OF any class Of Corporate ~.
Gurities:
]. These Bends are baaed upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon 70 become the main channel of
communication on the continent.
II. Tho local ssttlemen. md busines. tb'rs
from Is remarkably large and profitable, md
must constantly increase.
bar - af Ia Il
built, and the remainder viii 10 rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part o. the means necessary
tn build the road u piOv,dnd 10y the L - GOV.
ernment upon subOC diDI'o lien.
V. The State ard elief cities 81 California
have contributed upward uf t1o6Hh0 20 q
enterprise without lien.
VI. The grant Of land il destined AZ an - riy
day TO provo Of far gI.Ater market yalnc nan
the total Of the first mortgage bonds issnSd
upon the road and Sqn pmenis
VII. This road lie. altogether among the gold
and silver.producing regions. and It, revenues
are received Ia coin.
VIII. The management Of this company bas
been In the highest degree rudept and frugal.
and the whole surplus, after pay mSnt 81 expense
and interest, Ia devoted 70 construction pnrpO
ses
TX. The interest llAhll 10. Of the company
are even low Iess than third the net earning.
upUn the road pledged.
X Both Pnaeipal and Intrrest are pay0tl< IN
Gold under special provisions Of 10th National
and state enactment.
Tie bonds are In SIMS Of 1900 each, with
semi. annual gola corfpDfs attached and are Of.
fersd for sale az % pr cent q their par valve,
and accrued interest !rtm Jan ], added 10 ouE.
renry.
The hack interest /. charged :; ar per cent
IN currency, thOugb Tepah In inIi IN gsh
this tine they yield nearly
y1sE FEB cEgI. CfoS HE EVIsr
eHSI
Ihsss bguds Id lar o. sItiiH ~ mot s,bAi.
nett position among the nObEpHruistira 10.
vsstDenis Of the country, and uilkbe srtiv.i7
ae.slt ~ Il The nsE<y -esBtTss 10 Europe.
HOdsrs OF GoTeEnnsRt EscJriiIss ha.s a oy
portunity q exchanging them for central Pa
cibc BIDds isaTing a. equal rate q interest
WITH ths pTiiictpsl ' Ell ,er1lrsd anf u
REALIZING PBOFTT NJ TN TO pr
TEEN PEI cEyT. Il 4DpIIIOs.
Orders sent With the funds through rssposa.
bic Banks or Express ConDaIiss viii receive
prompt attention. Bords ssrt By return Rz
press 70 any address In the United states, al
cur cost InforB-ation. Descriptive panpkists,
Baps. &c, furuisbed on application a. the offer
Of tie RAilroAd Company, No. 81 william
street and Of