The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-25

cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying IL forward with
| greater energy and persistence than was ever
shown In any SIMILAR work in ancient or modern
times-will bui.a, 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 as possessing
the richest franchise ever granted on this CONT.
nent.
The Act of Congress conters upon the Corpo-
rations, besides the right of way across the Ter.
ritories gift Of IL 800 acres Of the public lands
per mile contiguous TO this line and an appro-
priation from tho National credit Of sixty MIL.
| LIONS in PER CENT. BONDS, delivered rs the
work progresses; or half tho 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 small per centage Of their net earn.
| ings; they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes them 10 issue an
| equal amount Of their own First Mortgage
Bonds of corresponding denominations, 'Ohieh
shdu be the first claim upon he tohOiS railroad prop
erty, and 20 phieh the lien Of the Government shall
be subordinate, n means Of more readily secur.
ing the remaining half Of the capital for the con-
| struction; the equipments, &c, being provided
out Of the capital stock subscriptions aud other
| sources.
The great CENTRAL PACIPIc RAILROAD Is there
| fore in an important sense, a SEh.NAuoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
| though its management is administered ruth al
/ a ~ H.
| corporations. Being under the constant super
viSion of the Government-who, being the prin.
| cipal creditor accepts subordinate and contin.
gent lien-with so large an amount Of addition.
al capital also invested In the property pledged
IL is believed that no securities now offered in
| the market possess the sane claims 10 conf.
dence and market vrlue, except those Of the
Government
| Under these favoring auspices very ying
| progress has been made in extending the railroad
| track from both directions. Nearly 1000 miles
of the Main Line and cenverging Branches be
tween the Missouri River and the base Of the
| Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadily 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 the Eastern lines being effected in 1870
| amount almost to certainty.
| The prominent feature in the progress Of the
CENTRAL PA IPIc RAILROAD is the remarkably
| large and profitable Local Business which is de.
veloped upon the completed portion, more than
iustifying the estimates of ~ projectors-that
the immense traffic between the ports of Cali.
| fornia and the mining regions OF the int'i or
would sustain trstClass railroad line sven II
| the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus Tar, reaches nearly two
millions In gold; and this ratio will he doubled
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;
so that when the overland through traffic shall
| be centered upon the CENTRAL ROAD, the gen.
| eral prosperity Of the company will be without
parallel, and its securities appreciated cores
| pondngly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTYYEAR SIX PER CENT. GOLD
BE DIS, and submit TO Investors TIRE
| following, among other obvious considera-
tons; and invite the comparison with the merits
and excellencies of any class Of Corporate Sc.
Gurities:
| !. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
Railroad. soon to become the main channel OF
communication on the continent
| II. The local settlement and business Their @
from Is remarkably large and profitable, an
must constantly increase.
III. The hardest part Of tho road IL now
built and the remainder will be rapidly carrie 4
forward over the Salt Lake Plains
". The greatest part Of the means necessary
| TO build the road il provided by the Z. ). Gov
eminent upon o subordinate lien.
V. The State and chief cities Of Californis
have contributed upward Of t3OOOOD0 TO the
enterprise without lien.
VI. The grant Of land is destined at an early
day to prove Of far greater market value than
the total Of the first mortgage bonds issued
upon the road and squipments-
VII. This road les altogether among the gold
and silver producing regions, and its revenues
are received in coin.
| VIII. The management Of this company bai
been in the highest degree prudent and frugal
and the whole surplus, after payment OF expense
and interest, 10 devoted 10 construction purpe
ses.
TX. The interest liabilities OF the company
are even now less than . third the net eArbing'
upon the road pledged.
K Both Principal and Intere,t are paydc< -
Gold under special provisions Of both Rationa
and State enactment
The bonds are in sums Of 1900 each viii
semi-annuaI gold coupons attached, and are Of
fered for sale At IS per cent. OF their par value
and accrued interest from Jan. !, adaed, In cur
reney.
The back interest Ia charged at six per cent
in currency, though repaid In full in geld. A
this time they yield nearly
NINE PER CENT. UPON THE IyVES7
NEgT.
These bonds bid fair TO attain the most yror
inent position among the D0nIpeculatiye "a
vestments Of the country. and viii be astivel
dealt in at the msney centres in Europe.
Holders OF Government securities have an OF
pOTIuulkl VI t1buAAkAuE bL1lu loI NtbhI@@
cife Bonds bearing An equal rate Of Interest
with the principal well secured, and Of
REALIZING PROFIT OF TEN TO III
TEEN PER CENT IN ADDT7IOH.
Orders sent with the funds thro1gh respons
lie Bapks or Erpres Companies VIII reeeiv
prompt attention. Bond. ant " return 4,
press 70 any address In :be United States, .
- 80 Information, Descriptive pamphlet
N.nS Se., furnished On spplieatiou NJ the Ofic
az he Railroad Company, No. "a Wiliizi
street and Of
FISK Il HATCH,
n Bankers and Dealers In GovernnsBt SeeuTitia
and Financial Agents Of the c. p X Z Co.
ia2i No. 5 Nassau street, New York.