The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-30

with the various Eastern branches Of the Pa.
Cihc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty tTaRscontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying il forward with
greater energy and persistence than was ever
shown in any siPdlar work in ancient or modern
times-will bui'a, equip own and control the
Western Ralf Of this Through Line the most
productive, favored, and valuable portion of tue
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cont.
nent.
The Act Of Congress cOnfcrs upon the Corpo-
rations, besides the right of way across the Ter.
ritOries gift Of II 900 acres OF the public lands
per mile contiguous TO this line, and en- apprO.
priation from the National credit of sixty NIL.
LIONS in FER CENT. RoNDs delivered a. the
work progresses; OF half tho estimated cost OF
the Through Line aud Branches. These Sub
sidy bonds the company may cancel In course
Of years by the transportation services of the
Roads, and a small per centage Of their net earn.
ingsi they, therefore, consulate an element Of
great strength 10 the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, ehieh
shall be The frSt claim upon he InhOle railroad prop
erty and 10 iohich The hen Of The Government shall
BE- subordinate, az means OF more readily secur'
ing the remaining half Of the capital for the con
stfnction; the equipments 30, being provided
ont Of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAD is there
FORE in an important sense, EMlNATIoSAL
WORK aided and commended by the people, the
Z nd sha Ewansfffva nfieara
though its management IL administered 9th al
the care aud JOreth0tiJh Of Tia most eminent private
corporations Being under the constant super
WHOM Of the GOvernment-whO being the prin'
cipal creditor, accepts subordinate and oontin
gent lien-with 20 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 zane claims TO conf
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 the Main Line and cenverging Branches be.
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Main
PfS4hH t RPR us StsAP9o1 G5 navigation OF the
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 PA IFIC RAILROAD IL the remarkably
large and profitable Local Business which n de
veloped upon the completed portion, more than
iustifying the estimates Of its PROFESSIONALISM
the immense traffic between the ports Of Cali
fornia and the mining regions Of the int or
would sustain . first-Class railroad line, even IL
the overland connections were not bHilt The
net profit upon operating the link Of less than
one hundred miles, thus far reaches nearly two
millions in gold: and this ratio will bo doubled
during the coming season, when the entire
mountain transit IL made by the locomotive d.
With every extension Of the track, tho business
and profits of the completed part are increased;
80 that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen.
ernl prosperity of the company will be without
parallel, and its securities appreciated cores
pondingly. The CENTRAL PACIFIC RAlLgsAD
CoMPANY offer for sale theirFIh list MORTGAGE
THIRTY.YEAR SIX PER CENT GOLD
BONDS and submit 10 InvustorS TIE
following among other obvious considera-
tions; and invite the comparison with the IN erits
and eIcellencies Of any class Of Corporate 80.
GuTities:
!. J. These Bonds are based upon tho most vital
and valuable part Of the Grand National Pacific
Railroad soon TO become the main channel Of
communication on the continent.
H. The local settlement and business Their Q
from IL remarkably large and profitable, and
must constantly increase.
III The hardest part Of the road is now
built, and the remainder will be rapidly carrie Il
forward over the salt Lake Plains.
". The greatest part Of the means necessary
10 build the road ia provided by tho I. s. Gov
eminent upon n subordinate Hen.
V. Tho State and chief cities Of California
have contributed upward Of t1,OOO,GO 10 the
enterprise without lien.
VI. The grant Of land Il destined At an early
day 20 prove Of far greater market valne than
the total Of the first mortgage bonds Issued
upon the road and equipments.
VII This road lies altogether among the gold
and silver producing regions, and it, revenues
are received in coin.
VII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplus, after payment OF expense
and interest, IL devoted 20 construction purp0
ses.
TX. The interest liabilities Of the company
are even now less than third the net eGT1iDg'
upon the road pledged.
! X Both Principal and Int>rea are pdyabk IL
Gold under special provisions Of both SationA
and state snactmeht.
The bonds are in sums or 5000 each. viii
semi annual gold cOupoRs attached, and are Of
! fered for sale a. 95 psr cent Of their par value
and accrued interest from Jan. ]. Added in eur
rency.
The back interest IL charged a. siE per eenl
In currency though repaid IN fall 10 god. A
this time they yield nearly
NINE PER CENT UPOy THE ISTES1
YEyT
These bonds bid fair 20 attain The most prom
iDent position among The hOn-spsculatiys il
vestments Of tbs country, and viii be settle
dealt in a. tbe nspey -oebtrs6 "a Europe.
HoldsTS Of Government securities haze al %
portupity Of exchanging them for Central 2
cifc Bonds bearing An sqaal rate Of intSreS
with the principal well sscurrd, and Of
REALIZING PROFIT OF Ten TO IN
/ TEN PEP CENT IN ADDITION
Ordsrs sent With The funds through rsspopA
bic Ranks or Exprs1s Companies will reesiI
prompt attentio1. Bonds asnt By return ~
pssss 70 apy address In the Unitsd states, 1
our cost ISlOEVatiOn, Descriptive paDpbl-t
Maps, sc. fargisheS on application a. The Oh
Of tbs RaiIroAd Company, 30. 81 VILLAS
street, and Of
FISK q HATCH,
Bankers and Dealers IN GoyeEnnent seeuritii
and Financial Agenteof The c Pr 4 Co.
- No, 5.Ess.1a street, New York