The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-11
Central Pacific Railroad First
Mortgage Bonds.

II Is commonly known that the General ;ov
ernmsnt for wise purposes has given its Al,
and encouragement 10 the construction OF ON,
MAIN THROUGH LINE on RAILROAD from the Pa
with the various Eastern Branshes Of the Pa
cihc Railroad system, and which viii form IN,
GRAND TRUNK ROUTE 90 the Far West
upon which the mighty transcontinental trait,
will concentrate. .4
The CENTRAL PACIFIC RAILRoAl
COhPANY-who are carrying 10 forward will
greater energy and persistence than was evel
shown In any similar work in ancient or moderr
times-will bnilu, equip, own and control the
Western Half Of this Through Line. the most
productive, favored, and valuable portion OF the
whole, and may Justly he regarded NJ possessing
the richest franchise ever granted ON this CONT.
nent.
Tho Act of Congress confers upon the Corpo
rations, besides the right of way across the Ter
ritories gift of IL sOO acres Of the public land
per mile, contiguous 10 this line, and IN appro
priation from the National credit OF sixty MI.
LIONS in 6 PER CENT. RoNns, delivered rs the
work progresses; or half tho estimated cost O
sidy bonds the company may cancel in q course
of years by the Transportation services Of the
Roads and a small per centage Of their net earn
ings; they, therefore, constitute an element OF
great strength 10 the corporations.
The Act further authorizes them TO issue Al
equal amount of their own First MOrtgag,
Bonds Of corresponding denominations, 'ohieI
shall be The first claim upon The IrhOis railroad prop
mud m arbi he nf emf sb1
be subordinate, as q means of more readily secur
ing the remaining half Of the capital for the con
structiOn; the equipments, 40. being provided
out Of the capital stock subscriptions and Other
sources.
The great CENTRAL PACiFIc RAILROAD is thore
fore, in an important sense, q SEMi NATIONAL
WORK, aided and commended by the people, th,
Legislative power, and the Executive officers
though its management IL administered Nth al
The care and JorethOtgM Of the most emineat prirdt
corporations. Being under the constant super
vision Of the Government--who, being the prin
cipal creditor, accepts subordinate and oontin
gent lien-with 30 large an amount OF addition
al capital also invested in the property pledged
IL ID believed that no securities now offered In
the market possess the sane claims to conf
dence and market value, except those Of the
Government.
Under these fayoring auspices very gratifying
progress has been made In extending the railroaa
track from both directions. Nearly 1000 mile
of the Main Line and converging Branches he
tween the Missouri River and the base Of th'
Rocky Mountains have been built within tbre'
years. The CENTRAL PACIFIC RAILROAD Ia
also steadny and successfully carried the Mai
Stem Line from the steamboat navigation Of tn
Pacific to the summit Of the Sierra Nevada, an'
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of the Who'll
line, the probabilities Of the through connection
with tho Eastern lines being effected in isT
amount almost 10 certainty.
Tho pso.ninsnt feature I'm tho progro-s Of th
CESTRAL PA FIC RAILROAD is the remarkab
large and profitable Local Business which IL de
velOped upon the completed portion, moro tina
iustifying the estimates Of its pTojectors-tha
the immense traffic between the ports Of Cal
fornia and the mining regions Of the int,' o
would sustain iirst-class railroad line sven
the overland connections were not built. tn
net profit upon operating the link OF less tina
one hundred miles, thus far reaches nearly tw
millions in gold and this ratio will be dOuble
during the coming season, when the entir
mountain transit II made by tho locomotive
With every extension OF the track the bushes
and profits Of the completed part are increased
40 that when tho overland through traffic sha
be conferred upon the CENTRAL ROAD, the ger
cral prosperity OF tho company will be- wiihOu
parallel, and its securities appreciated corret
pondingly Tho CENTRAL PACIFIC RAILReA
COMPANY offer for sale theirF1hST MORTGAGl
THIRTY.YEAR SIX PER CENT. COLL
BONDS, and submit 90 Inycstors "a
tions; and invite the comparison with the merit
and eXcellencies of any class Of Corporate N
curities:
!. These Bonds are based upon the most Wit.
and valuable part Of the Grand National Pacif
Railroad soon to become the main channel {
communication on the continent.
III. The local settlement and business ther
from Is remarkably large ami profitable, an
must constantly increase.
I'LL The hardest part Of the road is no.
built, and the remainder will be rapidly carrie
| forward over the Salt Lake Plains
". The greatest part Of the means necessar
to build the road Is provided by tho L. $. Co
eminent upon n subOrdi nate lien.
V. The State and chief cities OF Calif0rnI
have contributed upward Of t3,c0,00 TO Ii
enterprise without lien.
vi. Iuc grant OF lAuu N ucbihSu - 49, 'ss''
day 70 prove Of far greater market value tina
the total Of the first mortgage bonds issue
upon the road and equipments.
VII. This road lies altogether among tho god
and silver. producing regions, and its reyenu'
are received IN coin.
VIII. The management Of this company b.
been in the highest degree prudent and frugs
| and the whole surplus, after payment Of eIpen
and interest, Is devoted 30 construction pup
ses
TX. The interest liabilities Of the eOmpaI
are even now less than third the net earuinI
upon the road pledged.
X both Principal AID IHtereSt are pdydLb
Gold under special provisions Of both Nation
and State enactment
The bonds are in sums Of 1900 each, vi
semi-annuAl gold coupons attached, and are {
fered for sale at % per cent. Of their par NAu
and accrued interest from Jan. ], aided In Gu
rency.
The back interest IL charged at .ir per cor
In c,.rrSueaI though repaid In full in gold.
this time they yield nearly
NINE PER GEM. UPON THE IgVEA
NEHT
These bonds lid fair 10 attain the most pro
inent position among the nOnspeeulAtiye
yestment. Of the country. and will be astiv'
dealt In &c the msney -ceptres In Europe-
Holders OF Government securities have an
portunity Of exchanging them for CsntIL
cihe Bonds bearing an equal rate OF ihee'"
with the principal well secured, snd0
REALIZING A PROFIT OF TEN 10 III
rEEs PEE cEsz IN ADDITION.
o-de,. ,.pt With the fund.- through respOr
IL Rsnks or Express Companies VIII rceel