The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-28
DESIRABLE
STEADY INVESTMENT
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

Central Pacific Railroad First
Mortgage Bonds.
1t il commonly known that the General Gov:
ernmOut, for wise purposes, has gwen us ala
and encouragement 10 the construction OF one
MAIN THROUGH LINE OF RAILROAD from the IA
cifc Ocean across the Territories TO connect
| with the various Eastern Branshes oil the "a
cifc Railroad system, and which viii form the
| GRAND TRUNK ROUTE TO the Ear 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 OF modern
times-will build, 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 rs 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
rtories gift Of Il, 800 acres OF the public lands
Der mile contiguous to this line and en- appro'
lDrlatlOn from lut Ndlluual NiChlt VI No.
LIONS in FER CENT. BONDS delivered as the
work progresses; or half the estimated cost OF
the T6roTrh Line and Branches. These Sub
sidy bonds the company may cancel IN course
of years by the transportation services oil the
| Roads and a small per Centage OF their net earn
ipCs; they, therefore, constitute an element OF
great strength TO the corporations.
/ The Act further authorizes them 10 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, Vhieh
shall b. the first claim upon the Vh0te railroad prop
srty and % .ohich the lien Of The Government shall
be subordinate as a means OF more readily secur.
ing the remaining halS Of the capital for the con-
structon; the equipments, &c, being provided
out of the capital stock subscriptions and other
sources. ...
The great CENTRAL PACIFIC RAILROAD is there
fore in an important sense, a SEMI.NATIoNAL
WORK aided and commended by the people, the
Legislative power, and the Executive Othcers,
though its management is administered '''m du
the care and fOfethOuIht Of hf most eminent pirate
corpordfiOnS Being under the constant super
vision of the OBSERVATION-DISCLOSURES being the prin'
cipal creditor, accepts subordinate ana COntln'
gent lien-with so large an amount OF addition
Al capital also invested in the property pledged
! il is believed that securities now offered IN
the market possess the sane claims to conii'
drncc and market value, except those oil the
Government.
Under these favoring auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
of the Main Line and converSi1E Branches , 6e,
tween the Missouri River ana the Dase OF TUG
Rocky Mountains have been built within three
wears The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation oil tho
Pacific 20 the summit Of the Sierra Nevada ana
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 1870
amount almost to certainty
The prominent feature in the progress of the
CENTRAL Pacific RAILROAD is the remarkably
large and profitable Local Business which is de.
veloped upon the completed portion, more than
iustifying the estimates Of its pIolectors-that
the immense traffic between the ports OF Cali
fornia ana the mining regions OF the nt'' OF
would sustain tirst-class railroad line, even II
the overland connections were not DHilt. Inc
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio viii be doubled
during the coming season, when the entire
monntaia 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 tIailc hhall
be Centered upon the CENTRAL Road, the gen
eral prosperity of the company win be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFr RAlLReAn
COMPANY offer for sale thelrF HIST MOKIG AVE
! THIRTY. YEAR SIX PER CENT. GOLD
BONDS, and submit to Investors TIE
following among other obvious considera-
tons and invite the comparison with the merits
and excellenCies Of any class OF Corporate 80
curitics;
l. 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.
III. The local settlement and business there.
! from is remarkably large and profitable, anu
must constantly increase.
III. The hardest part of the road is now
built, and the remainder will be- rapidly carried
forward over tina Salt Lake Plains.
". The greatest part of the means necessary
to build the road is provided by the I. ,. Gov
| eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of e. 100000 to the
enterprise without lien.
VI. The grant of land is destined at an early
day 10 prove of far greater market value than
the total Of the first mortgage bonds issued
upon the road and equipments.
VII This road lies altogether among the gold
and silver-producinE regions, and itA revenues
are received in coin. .. In
VIII The management OF this company has
been in the highest degree prudent and frugal
! and the whole surplus after payment Of expense
and interest, is devoted 70 construction purPo-
SEES 49,
TX. The interest liabilities Of the company
are even now less than third the net earnings
upon the road pledged
Z. Both P6napq md Trteres, are Tava1l, %.
Gold, under special provisions Of both National
and state enrichment.
The bonds are in sums OF 1900 each, with
fsemi-anunal gold coupons attached, and are Of.
fered for sale at o. per cent OF their par Talne,
and accrued interest from Jan. j. added, In cur
lrency.
The back interest f. charged a, six per cent.
in etTTraet though repaid In full in 1Old. At
this time they yield nearly
NINE PER CENT. Uroy THE INVEST
NEET
These bonds bid fair TO attain the most PTon.
insut position among the n0nsPeculative In
vestments Of the country, and VIII be actively
dealt in at the msney-centres in Europe.
Holders Of Government securities have an op
portunity of exchanging them for Central Pa
cifc Bonds hearing an equal rate Of interest
With the principal vel secured, and Of
REALIZING A PROFIT or TEN 10 FIF-
TEEN PER CEyT ~ ADDITION
Orders sent With the funds through respOnsi-
bic Banks OF Express Companies viii receive
nrompt attention. Bonds ssnt by return III.
-. any oddreas In the limited sfafea. Al