The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-14
DESIRABLE
STEADY INVESTMENT,
Principal & Interest in Gold Coin.

The AttsntiOn:o Investors, Tr'.Stees, Exscu-
tors, and others desiring an unuI aally safe re-
liable and profitable form Of permanent invest
ment, is called &c the advantages and assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov.
ernmeut for wise purposes, has given its aid
and encouragement 10 the construction Of one
MAIN THROUGH LINE or RAILROAD from the Pa
Cifc Ocean across the Territories 70 connect
with the various Eastern Branshes OF the Pa
cifc Railroad system, and which viii form the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty traRs-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 siP1ilar work in ancient or modern
times-yill buiia equip Own and control the
Western Half Of this Through Line. the most
productive favored, and valuable portion Of tho
whole and may Justly be regarded as possessing
the richest franchise ever granted on this CONT
ncnt.
The Act Of Congress conters upon the CorpO-
rations besides tho right of way across the Ter
ritories gift Of IL 500 acres Of tho public lands
per mile, contiguous 10 this line, and an appro.
priation from the National credit Of Sixty NIL
LIONS in PER CENT. BoNDse delivered as the
work progresses; OF half the estimated cost Of
the Through Line and Branches. These Sub
sidy bonds the company may cancel In ceurse
of years by the Transportation services OF the
Roads, and n small per centage OF their net earn.
ings: they, therefore, constitute an element OF
great strength to the corporations.
The Act further authorizes them 20 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, rhioh
shall be the first claim upon s Ioh0e railroad prop.
erty and 20 tehieh tae len Of he Government shdH
be subordinate "A means OF more readily secur'
ing the remaining half Of the capital for the con.
stTuCtOn; the equipments &c, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAD is tbere
fore, in an important sense a SENl'AAIIoNAL
WORK aided aud commended by the people, the
Legislative power, and the Executive officers,
though It's management Is administered Wih al
the care and C0retLOttgh Of ne most s,Hine prIrd0
corporations. Being under the constant super
yiClon of the GOveTnment-who, being the prin-
cipal creditor, accepts a subordinate and eontin.
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 Same claims 10 conn.
dencc and market value, except those of 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 c0nverging Branches be.
tween the Missouri River and the base OF the
Rocky Mountains have been bnilt within three
years The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation of the
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Cali.
foruia 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 lSD
amount almost to certainty.
The prominent feature in the progress Of the
CENTRAL PACIFIC RAILROAD il the remarkably
large and profitable Local Business which is dc.
velOped upon the completed portion, more than
tustifying the estimates Of its pIuieCtOrs-that
the immense traffic between the ports Of Cali
tOrnia and the mining regions Of the int or
would sustain trst-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 far, reaches nearly two
millions in gold and this ratio win be doubled
during the coming season, when the entire
mountaia transit l. made by the locomotive.
With every extension Of tho track the business
and profits of the completed part arn inoreasedi
~ that when the overland through trathC shall
be- ccntered upon the CENTRAL ROAp, the geB.
eral prosperity of the company will DO without
parallel. and its securities appreciated cores
DOndingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFI hST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BONDS and submit 20 Investors TIE
following among other obvious cOnsidera-
tiuns: and invite the comparison With the merits
and excelleHcies OF any class Of Corporate Ne.
gurities:
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 there.
from II remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built and the remainder win DO rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
TO build the road Is provided by the U. s. Cow
eminent upon n subordinate lien.
V. Ike State and chief cities II California
have contributed upward Of sJ.Opo,O0J 20 the
enterprise without lien.
VI. The grant OF land Is destined NJ 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
aud silver.produciDg regions, and it, revenues
/ are received In coin.
| VIII The management Of this company has
been In the highest degree prudent and frugal
! and the whole surplus, after payment Of eIpenss
and interest, Il devoted to construction purPO-
I ses-
/ TX. Tie interest liabilities Of tho company
| are even now les than a third the net earnings
| upon the road pledged.
/ X. Both Principal and InteyeSt ere pdyabL N
{ Gold, under special provisions Of both National
/ and State enactment.
The bonds are In sums Of 5000 each. with
semi-aunual gold coupons attached and are Of.
fered for sale al % per cent Of their par value,