The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-06
Central Pacific Railroad First
Mortgage Bonds.

II Is commonly known that the General Gov.
ernmsnt, for wise purposes. has given its aid
and encouragement 70 the construction OF one
MAIN THROUGH LINZ or RAILRoAD from the Pa
cifc Ocean across tho Territories 90 connect
with the various Eastern branches Of the Pa
cino Railroad system, and which will fern the
GRAND TRUNK ROUTE 10 tho Far West
upon which the mighty traps'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 sip'ilar work IN ancient OF modern
times-will buiin, 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.
mont
The Act Of Congress eonters upon the Corpo-
rations, besides the night Of way across tho Ter.
ritories gift OF ~ sou Acres OF tho public lands
per mile, contiguous 10 this line, and an appro-
priation from the National credit OF SlxTI NIL.
LIONS in PER GHNT. BONDS, delivered as the
work progresses; or half tho estimated cost of
the Through Line and Branches These Sub
sidy bonds the company may cancel In q course
OF years by the Transportation services Of the
Roads, and small per osntage Of their net earn
ings; they, therefore,, constitsto an element Of
great strength 10 the corporations,
The Act further authorizes them 10 l.sne an
equal amount Of their own First Mortgage
Bends of corresponding denominations, eA,cA
shall be The frst claim upon hs snlos railroad prop
erty aud 20 t0Aioh The Ian Of ne GprNrmsni shall
be subordinate, AZ q means OF more readily secur.
L.. LaIE - Il
struction; the eQuipments, 40, being provided
out Of the capital stock subscriptions and other
sources. .
The great CENTRAL PACIFIc RAILROAD Ii there
fore, In an important sense, . SEN NATIoNAL
WoRK, aided and commended by the people, tho
Legislative power, and tho Executive ofIccra
though its management Is administered 10Th al
the and JoreiAOgh Of The mort eminent priruis
corporations. Being under the constant Hupa
vision of the Government--who, being the prin-
cipal creditor, accepts subordinate and oontin
gent lien-with 80 large an amount Ct addition
al capital also invested In the property pledged
IL is believed that no securities now offered In
the market possess the sane claims 20 conh
dcnco and market yelue except tbOse Of tho
Government.
Under these favoring auspices very gratifying
progress has been made in extending the railrnad
track from both directions. Nearly 100 miles
Of the Main Line aud converging Branches bo.
tween the Missouri River and the base Of tho
Rocky Mountains have boon built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the Steamboat navigation Of tho
Pacific 10 the summit Of the Sierra Nevada, anil
into the Great Salt Lake Basin east OF the Call.
fornia line. Having overcome by far tho most
difficult and expensive portion Of the whole
line tho probabilities Of tho through connection
with tho Eastern lines being effected In 1870
amount almost TO certainty.
The prominent feature IN the progress of tho
CESTRAL PA INC RAILROAD IL tho remark ably
large and profitable Local Business which IL do.
velOped upon the completed portion, more than
justifying the estimates of its professionalism
the immense traffic between tho ports Of Call.
fornia and the mining regions OF the int,i or
would sustain hrst-olAss railroad line even IL
the overland connections vere not built. The
net profit upon operating tho link OF less than
one hundred miles, thus far, reaches nearly two
millions In gold; and tins ratio WIN BE- doubled
during the coming season. when the entire
mountain transit II made by the locomotive.
With every extension Of the track, the businss,
and profits " the completed part are incrna9cd,
40 that when the overland through traffic ahail
be conferred upon the CEASTRAL ROAD, the gen.
eral prosperity Of the company will DO without
parallel, and its securities appreciated corrca.
pOndingly. Tho GENITAL PACIFIC RAILROAD
COhPANl OlGf Tor hAlc thoIl lifSI hOhIbAbE
THIRTY. YEAR SIX PR CENT. GOLD
BON DIS, and submit 20 Investors tao
following, among other obvious oonsidera-
tons: and invite the comparison with tho merits
and eIoellences Of any elaas OF Corporate -.
Gurities:
l. These Bonds are baSsd upsn tho most vital
and valuable part Of the Grand National Pseins
Railroad, sOOn 10 become the main channel Of
communication on the continent
II. The local settlement and business there.
from ID remarkably largo and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built and the remainder will b. rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road II provided by tho U. u Gov.
erument upon n subordinate Hen.
" The State and chief cities Of Cab forpis
have contributed upward Of q 900 90 10 the
enterprise without lion.
VI. The grant Of land Is destlped At an early
day % prove Of far greater market Nalns than
the total Of the frHt mortgage bonds issnsd
upon the road and equlpmentA-
VII. This road lies altogether among ths gold
and silver producing regions, and it, revenues
are received In coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal
and this whole surplus, after paymsnt oi expense
and interest, 10 devoted 10 Construction purps
see.
TX. The interss, IiAbllitls. Of the company
are even now l.ss than . third the not earnings
upon the road pledged.
X Both Principal and IntSrsa are yayabk IN
Gold, under special provisions Of both SAtiOEal
and state enactment.
The bonds are In sums Of 1900 eaeb. With
semiannuAl gold coupons attached, and are o.
fered for sale At % per cent Of their par value
and accrued iEtsrest from Jan. ]. AdAsd' In eur
rency.
The back interest IL CHARGED at sir per cent
/ IN euTTeIsey, though repaid ia iaH IN 1"Oa'
| this time they yield nearly
uEg PEE CEyf. UPON TIE ISVEsT.
ABHLs
These bonds Nd fair 20 attain the most prom.
insnt position among the BOnSDeculAtivs IN
Vsstmshts Of tbs country and riil be astiveIy
dealt in at tbe asnsy-oeBtrsz in Europe.
Holders Of Government securities have an On
pOrtunity Of exchanging them for Central Pa
cine Bonds bearing an equal rate Of interest,
With the pTinepAl veil secured, and Of
RgALLZISG A PROFIT or TEN TO yJY.
TEEN PER CENT. ~ ADDITIOS.
Orders sent with the fund.- through respossl,
bic Banks Or Express Companies VIII reeve
prompt attention. H0uds ssnt By return III