The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-19
& Interest in Gold Coin,
Central Pacific Railroad First
M0rtgag Bonds.

It Is commonly known that the General Gov.
for wise purposes, has given its aid
and encouragement to the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
zinc Ocean across the Territories 20 connect
with the various Eastern branches Of the Pa,
rihc Railroad system and which will firm the
GRAND TRUNK ROUTE 20 the Ear West,
upon which the mighty trans-continental trafis
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying it forward with
greater energy and persistence than was ever
shown in any siVNilar work in ancient or modern
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 confers upon tho Corpo-
rations, besides the right Of way across the Tsr>
Htories gift Of Il, 500 acres OF the public lands
per mile, contiguous 20 this line, and an appro.
priation from the National credit OF sixty NIL.
LIONS in PR CENT. BONDS, delivered Ne de
work progresses; or half the estimated cost u
the Through Line and Branches These Sub.
sidy bonds the company may cancel in . course
Of years by the Transportation services Of the
Roads, and small per csntage Of their net earn,
ngs; they, therefore, constitute an element Of
great strength 10 tho corporations.
The Act further authorizes them 10 issue IN
equal amount Of their own First Mortgage
Bonds of corresponding denominations, trAieh
shaA BE- the first claim upon tAs asAols rairoad PROV
sTty aud 20 lohich The lien Of The Government shaI
BE- subordinate, rs q means Of more readily secuf~
ing the remaining half Of the capital for the CON
stTucton the equipments, &c, being provided
out Of the capital stock subscriptions and othcs
sources.
The great CENTRAL Pacific RAILROAD Ia there
fore, in An important sense, q SEhI.NAuoSLL
WORK aided and commended by the people the
Legislative power, and the Executive oticerS
though Its management Ia administered pith al
ne care and Joreth0tgkt Of he most eminent private
corporations. Being under the constant super
yioion of the Goyernment-who, being the pItn'
cipal creditor, accepts n subordinate and contln-
gent lien-with so large an amount Of addition.
Al capital also invested In tho property pledged.
Il is believed that no securities now offered In
the market possess tho sane claims 10 conn.
ience and market vGlue except those Of The
Government.
Under these favoring auspices very gratifying
progress has been made In extending the aiIoad
track from both directions. Nearly 1000 miles
Df the Main Line and converging Branches 10
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years The CENTRAL Pacific RAILROAD has
also steadlIy and successfully carried tho 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 thu Call.
fOrna line. Having overcome by far tho most
difficult and expensive portion Of the whole
line. the probabilities Of the through connection
with the Eastern lines being effected Ia 1870
amount almost TO certainty.
The prominent feature In the progress Of tho
CENTRAL PA UIC RAILROAD In the remarkably
large and profitable Local business which IL do.
veloped upon the completed portion, more than
iustifyinR the estimates Of ia pIolectOrs-that
tho immense traffic between the ports VI Cali
fOrnia and the mining regions Of the intcI or
would sustain hrstClass railroad line, sven q
the overland connections were not built. Ths
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions In gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit Ii made by tho locomotive
With every extension Of tho track, the business
and profits Of the completed part are Increased,
so that when the overland through traffic shah
be conferred upon tho CENTRAL ROAD. the gen.
eral prosperity Of the company will be without
parallel, and It's securities appreciated cores
pondingly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale their FIRST MORTGAGE
EAh OLA NbNls oOlsb
bon DIS, and submit 10 Investors TIE
among other obvious cOnsidsrA.
tions; and invite the comparison with the merits
and eIcellencics Of any class OF Corporate 90.
eurities:
l. These Bonds are based upon tho most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main chanRsl Of
on the continent.
H. The local settlement and business thers.
from Is remarkably large aud profitable. and
must constantly increase.
III The hardest part Of the road IL now
built, and the remainder will be rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of tho means necessary
10 build the road IL provided by the U. I. Gov.
eminent upon subordinate lien.
have contributed upward Of t3,00OOO0 10 the
enterprise without lien.
VI. The grant Of land In destined at an early
day 10 prove Of far greater market value THAI
the total Of the Rrst mortgage bonds Issued
upon the road and equipments.
wi This road lies altogether among the gold
and silver producing regions, and its revenues
are received 10 coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal
and interest Is devoted 10 construction purps
ses.
TX. The interest liabilities OF the company
are even now less than q third the net earIinEs
upon the road pledged.
X. Both Principal and Tntsreft are payabk n
God, under special provisions Of both Nations
and State enactment.
The bonds are in sums Of 1900 each, WITH
semi annual gold coupons attached and are o.
fered for sale at % per cent Of their par VAuh.
and accrued interest from Jan. J, sdssd, In eur.
rency.
III. b.ck interest IL charged At SKIP eent
in e,,r,SneI though repaid IN full In ga A
this time they yield nearly
VINE PER OgyT. UPON THE IsVEsT.
Thess bonds Nd fair TO attain the nos; prom
inent position among the nOnspeealatiTs In
vestments Of the country and win DO AsuYsly
dealt In at the msney-oeDtres In Europe.
Holders Of Government securities have an op.
portunity Of exchanging them for Central Pa
ei6c Bonds bearing an equal rate Of intsrest
with the principal vel secured, and Of \.
REALIZING A PROFIT or TEN TO EIY
TEgg PER CENT IN ADDITION.
Order. sent With the funds through responk.
bic Banks OF Express Companies viii receive
prompt attention. Bonds Ssnt by rsturn Rr
pres 70 any address In the United States, n
our coat INFORMATION. Descriptive pamphlets,
Maps. &C, furnished on application st the Ocies
Of the Railroad COMPANY No. "a WllIan