The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-07
Principal & Interest in Gold Coin.

1t is commonly known that the General Gov
eminent, for wise purposes, has given its aid
and encouragement 70 the construction Of one
MAIN THROUGH LINE or RAILROAD from the Pa
cihc Ocean across the Territories % connect
with the various Eastern BrAnshes Of the Pa
cihc Railroad system, and which will fern the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty transcontinental rafile
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whoa are carrying IL forward with
greater energy and persistence than was ever
shown In any siu,ilAr work In ancient or modern
times-will builn, equip, own and control the
Western Half Of this Through Line. the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded AZ 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 IL 500 acres Of the public lands
per mile, contiguous to this line and an spprO-
priation from the National credit OF sixty NIL
LIONS in 6 PKR CENT. BoSDs, delivered a. the
work progresses; OF half tho estimated cost u
the Through Line and Branches. These Sub
sidy bonds the company may cancel in Q course
Of years by tho Transportation services Of the
Roads, and = small per oentage OF thoir net earn
ings; they, therefore, consulate an element q
great strength 10 the corporations.
The Act further authorizes them 20 issue a
equal amount of their own First Mortgage
Bonds Of corresponding denominations, shioA
shall b the first claim upon hs lehols rdrodd prop
ertv, and 20 Bhieh the lien Of Tia Government sASH
be subordinate as q means Of moro readily seeur.
ing the remaining half of tho capital for the con
struction; the eQuipments, &o, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL PAcITIe RAILROAD Is there
fore in an important sense, a SKM' NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executive OfficerA
though its management 10 adNSLlstcrsd Dtth a.
The care aud JOrethOugh u he most spaisst prtrdts
corporations. Being under the constant supes~
yinlon of the Government-who being the prin'
cipal creditor, accepts q subordinate and contin.
gent ien-with 80 large an amount Of addition
al capital also invested In the property pledged,
il Is believed that no securities now offered 10
the market possess the sane claims 70 CONF
dence and market value, except those Of shs
Government.
Under these fAvoring auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly 1000 mllsa
Of the Main Line and converging BrAnchee De
tween the Missouri River and the base OF The
Rocky Mountains have been built within thru
wears. The CENTRAL Pacific RAILROAD h
also steadiIy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 the summit Of the Sierra Nevada and
into the Great salt Lake Basin east Of the Call
fornia line Having overcome by fer the most
difficult and expensive portion Of the whole
line, the probabilities Of the through oonnocti0c
with the Eastern lines being effected In 1879
amount almost 10 certainty.
The prominent feature in the progress Of the
CESTRAL PA IT1C RAILROAD 10 the remarkably
large and profitable Local Business which 10 do
veloped upon the completed portion, moro tia.
ustifying the estimates OF Its pToiectors-that
the immense traffic between the ports or Call
fornia and the mining regions OF tho int.S -
would sustain q hrut-Clare railroad line, even IL
the overland connections were not built. Tho
net proet upon operating the link OF less thka
one hundred miles, thus lar, reashes nearly TIVE
millions in gold, aud this ratio will 10 doubled
during the coming seAsou, when the ontir3
mountain transit IL made by the locomotive.
with every extension Of the track, tho business
and profits Of the completed part are inornasedI
so that when the overland through traffic shAd
be oenterod upon tho CENTRAL ROAD, the Een.
eral prosperity Of the company will be without
parallel, and il securities appreciated corra1
pondingly. The CENTRAL Pacific RAnRsID
THTRTY.YEAR SIX PR CENT. GOLD
BONDS, and submit 20 Investors The
following, among other obvious considers
tons: and invite the comparison With the merits
ana &c, elHeHeiN'e" VI any '-'-' VI
Su'''
IheS bonns Nc pA1ea uPcS w npt 80.
- -, - y ., Lsa,no ,ha ,nsIn ch.nn.I "a
communication on the continent.
=, 1-.,..i ..,,t.-,.,, and hr.In... ,h.,.
e., {. 10 V.,OarLsbiS iargs and nroatabl, ..t
Ill Inc hardest part 9I sno roln - no.
DrNSru s'ei TUG 'N''
". Inc greatest part o. tne means 81 ~ noss',Sy
70 eStld the road - pIonWiaoa ~ M' - wv
o'"a''"A UP'"
have Contributed uPWTrd Of 100000 U abe
the = totai Of tho arst So1tgsg. bonds Issued
80
VIII The management OF this company has
been In the highest degree prudent and frugal.
and The whole surplus after payment Of srpsnss
and interest, u devoted 70 construction purDe
ses
-, ,.... ,.Lu,,,.. -, 49,
and State enactment
fsr.d Tor ale Al S5 per cent Of their par valss.
and accrued interest from Jan. l, adksd, In eur
rsnoy.
,.-. a. ,h.rgsA a slrD cent
me u. 4. .te,'-b ,.o.id In full In g0H
y. ~ ea .I.s ~. ,D ytsld nssry
TINS Tune 'b''
o,y, r,ov ry, ,,r