The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-27

MAIN THROUGH LINZ OF RAILROAD from the Pa
cihc Ocean across the Territories 70 connect
with the various Eastern Branshes Of the Pa
cinc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty traIs-cOntinentAl traffic
will concentrate.
The CENTRAL PACIFIC RAILRoAO
COMPANY-whO are carrying IL forward with
greater energy and persistence than was ever
shown in any sirNilAr work in ancient or modern
times-will bull 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 conters upon the GorpO-
ratiOns, besides the right OF way scrOss the Ter.
ritories gift OF u sou acres of the pnblc lands
per mile, contiguous 20 this line, and en- aPpro.
priRtiOn from the National credit Of SINII NIL.
LIONS in PER CENT. BoNDS delivered ~ the
work progresses; OF half the estimated cost Of
the Through Line and Branches These Sub
sidy bonds the company may cancel in a course
of years by the Transportation services Of the
Roads, and . small per csntAge Of their net earn.
ings; they, therefore, constitHte an element Of
great strength 10 the corporations.
The Act further authorizes them 10 issue An
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, tohieh
Ehau b. The ErSt claim upon The IoholS ra1rodd prop.
srtV and 20 bnhioh LkS lien Of u< Government sAaH
BE- subordinate as q means OF more readily seCnr.
ing the remaining half Of the capital for the con
structiOn: the equipments, SC, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAD Is there
l. Co. ~ $3.50
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management il administered nth al
the care and Iorethou1hf u E most eIAicIf pirate
corporations. Being under the constant super
viOion of the Government-who, being the prin'
cipal creditor, accepts subordinate and oontin.
gent lien-vith 10 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 sane claims TO cOnt
dence 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 tho Main Line and converging Branches be
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 lne btt3aIuDOal uANlEALlOu VI INC
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 the Eastern lines being effected In 1870
amount almost 10 certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIC RAILROAD IL the remarkably
n IA = III a
velOped upon the completed portion, more than
iustifying the estimates Of its pToiectOrs-thAt
the immense trafbc between the ports Of Call.
fornis and the mining regions Of the intrI or
would sustain q hrst-ClAss railroad line, even II
the overland connections were not built The
net profit upon operating the link Of lees than
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio viii he 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 AhAl
be centered upon the CENTRAL ROAD. the gen.
eral prosperity Of the company will be without
parallel, and its securities appreciated cores
pondingly. The CENTRAL PGcIFIc RAILRsAp
COMPANY offer for sale theirFIkST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
GDS and submit 90 Investors tAe
following, among other obvious eonsidera-
tons; and invite the comparison with the inertia
and eIcelloncies Of any class OF Corporate Ne
eurities:
7. These Bonds are based upen the most vital
and valuable part Of the Grand National Pseibc
Railroad soon to become the main channel Of
communication on the continent
II. The local settlement and business Their Q.
from Is remarkably large and profitable, and
must constantly increase.
III The hardest part Of the road il now
built, and the remainder will he rapidly carrie d
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
70 build the road u provided by the L. ;. Gov
eminent upon = subordinate lien.
Y. The State and chief cities OF California
have contributed upward Of O. 10000 to The
enterprise without lien.
VI. The grant Of land il destiPed at an early
day 20 prove Of far greater market valus than
the total Of the first mortgage bonds iasued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and its rsvt BHes
are received In coin.
VIII. The management Of this company ha'
been in the highest degree prudent and frugal
and the whole surplus after payment % eTpeD.s
and interest, il devoted 20 construction purps
ses
TX. The interest liabilities of the company
arc even nov less than third tie net oarHinR'
upOn the road pledged.
X. Both Principal and IAi,rsH ar, IOyabk 10
God, under special provisions Of both Na'ionA
and State enactment.
The bonds are In sums Of 1900 each. viii
Semi-a1naAl gold Coupons attained, and are Of
fered for sAle a. Is per cent Of their par value
and accrued interest from Jan. !, Sdded. In cur
reDcy.
The back interest IL charged At ak per cent
in currency, thO0Gh repaid In full IN gOtd A
this time they yield nearly
STSR PER OTST. UPON rHE yVES1
NEyT.
These bonds nd fair 70 attain the most SrOu
meat position among the b0n%PeeulatiTs IN
yestDeEts Of the cVuntIy. and Win be AEtiysl
dealt IN - the Money centres IN Europe.
Holders OF Government securities have an o.
poTtunity Of exchanging them for CeRtrI
ei6e Bonds bearing an equAl rate u interes
With the pstsrtpaI Vel SseureA, and Of
REALIZING 4 PROFIT OF EEy TO III
TEES PER cRSE ~ ADDITION
Orders ant via The funds through rsspo1s
| he Rank1 a. KxPren Companiss VII rvoety
| mound aftsnft1l- Bonds 6Snt b. return n
/ Trela 20 any a4Aro1 IN ths United states, Q
~ ooSf 1nf0D'1fiOa, D@aip5ve pGmphlsts
Nspa, AZ, fuTnished % spPheat1O1 st TIE one
81 tbs RallroaA Company. No - WintAH
PISK q HATCH,
Bankers and Dealers IN Government seeuritie
G1A FiRmeial Agents ofths c. p 4 z &c.
jaai So ssNsssau street, New York