The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-21
Central Pacific Railroad First
Mortgage Bonds.

NUa tH"SS Dohus'
II is commonly known that the General G Ov.
ernmont Tor wise purposes, has given its aid
and encouragement TO the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
citic Ocean across the Territories 20 connect
with the various Eastern branshes OF the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty transcontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any slp,ilar work in ancient or modern
times-wiil 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 cOnrers upon the Corpo-
rations, besides the right of way across the Ter.
ritories gift of ~ 500 acres OF the public lands
per mile, contiguous to this line, and sn appro.
priation from the National credit of sixty MIL
LIONS in FER CENT. BONDS, delivered as the
work progresses: OF half the estimated cost Of
LluC MIRO SuO-
sidy bonds the company may cancel in a csurse
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.
Tho Act further authorizes them to issue an
equal amount OF their own First Mortgage
Bonds of corresponding denominations, ,rhieh
shall be The frsf claim upon Us tools rGSlroad prop
erty and % lchich the lien Of the Government shall
be subordinate, as q 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 and other
sources. ......t ...
The great CENTRAL Pacific RAILROAD is there
fore, in an important sense, q MrNATIoNAL
WORK, aided and commended by the people the
Legislative power, and the Executive officers,
though its management Ia administered Wth al
the care and Jorethotlghi o. The most eminent pirate
corporations. Being under the constant super
viGion Of the Government-who, being the prin'
cipal creditor, accepts subordinate and contin'
gent ien-with 40 large an amount of addition
al capital also invested in the property pledged,
IL is believed that no securities now oifcrnd in
the market possess the sane claims TO cont.
dence and market yIlue except those of the
Government.
Under these favOring auspices very Cratic wing
progress has been made In extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and convergiug Branches he
tween the Missouri River end 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 oil 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 and expensive portion Of the whole
line, the probabilities of the through connection
with tho Eastern lines being effected In isIU
amount almost TO certainty.
The prominent feature in the progress Of Thu
Oss-r.~ss IA ftzfpuUaD IN tho rcnpark ably
large and profitable Local Business which II dc
veloped upon the completed portion, more than
iustifying the estimates of its pTojectors-that
the immense traffic between the ports Of Cali
fornia and the mining regions OF the int oI
would sustain tirst-class railroad line, oven II
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus Tar, reaches nearly twC
millions in gold and this ratio will be 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 conferred upon the CENTRAL ROAD, the gen
eral prosperity of tho company will be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RALReAT
COMPANY offer for sale theirFIhST MORTGAGE
| THIRTY-YEAR SIX PER CENT. COLL
BONDS, and submit TO Investors TIE
following, among other obvious considora
tons; and invite the comparison with the merits
and excellencies Of any class OF Corporate 90
eurities:
l. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel o.
communication on the continent
IL The local settlement and business Their g
from Is remarkably large and profitable, Ant
must constantly increase.
III. The hardest part Of the road Ii nov
built, and the remainder will be rapidly carrie
| forward over the Salt Lake Plains.
". The greatest part Of the means necessary
| 10 build the road II provided by the U. ,. GOV
! eminent upon % subordinate lien.
V. The State and chief cities Of California
have contributed upward Of tJ,OO0UO 10 th'
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 tue Hrst HoitkABo tohuS AHo"'N
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and its revenue
are received in coin.
VIII. The management Of this company Ia
been in the highest degree prudent and frugal
| and the whole surplus, after payment OF erpeDs
| and interest, Is devoted 10 construction purpt
ses
| TX. The 'nterest liabilities Of the eompan.
are even now les than third the net earning
upon the road pledged
X Roth Principal and In,>Test are pdyatk 1
Gold under special provisions Of both Nations
and state enactment.
} TIA hand. ara in sums OF 1900 each, Wit
.sni.aunuai gold coupons attached, and arc o.
fered for sale ct % per cent Of their par Vsiu'
and accrued interest from Jan. !. adaed, In eui
rency.
The back interest Il charged al six per cen
In currency though repaid In full IN 9"h
this time they yield nearly ..
NINE TER Nb'1s " |a' Ab@ ~ ss'''
NEET
These bonds bid fair 20 attain the most pror
inent position among the nOnsyeculAtivs
yestmeuts Of the country, and win be astiye
dealt in NJ the msEsy-eentres In Europe
Holders Of Government socnTiUes have an Q
portunity Of exchanging them for Central ,
eihe Bonds bearing an equal rate OF intsro'
With the principal veil secured. and Of
REALIZING A PROFIT or TEN TO III
TEEN PER oSSE. IN ADDITION
orasr. ..ut With the fands thrOugh respon
LIZ Psnks or EIpress Companies VIII reeei
= .so,a,t attention. Bonds ssnt by return
q 80. 90 Suy address in the United states,
: - 800 Inforyati0n. Descriptive pamphls'
n = -