The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-22

The CENTRAL PACIFIC RAILROAD
COAPANT-who are carrying IL forward with
| greater energy and persistence than Was ever
shown ia any siV,ilar 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 conters upon the Corpo
rations, besides the right Of way across the Ter
rtores gift Of l., SUI acres OF the public lands
per mile, contiguous 10 this line, and Gn appro-
puation from the National credit of sixty MIL
LIONS in PER CENT. BONDS, delivered ~ the
work progresses; or half the estimated cost OF
the Through Line and Branches. These sub
sldy bonds the company may cancel in a course
of years by the Transportation services Of the
Roads and small per centage Of their net earn.
ings they, therefore, constitute an element Of
great strength TO the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, teh.eA
shall b. the frt claim upon he rkoLe railroad prop
erty aud % tchLch he iien Of he Government shdA
b. subordinate, as a means OF more readily secur.
ing the remaining half of the capital for the con.
| struction; the equipments, &c, being provided
| out Of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIe RAILROAD is there
| fore in al important sense, q SEMI NATIONAL
WORK. aided and commended by the people, the
| Legislative power. and the Executive officers
! though its management II administered Wih al
the care aud JorsthO,gh Qf the most cIninsHt PIRATE
corporations. Being under the constant super
yiGlOn Of the GOvernment-who, being the prin'
| cipal creditor, accepts subordinate and contin
gent lien-with 80 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 III extending the railruad
! track from both directions. Nearly luuU miles
| of the Main Line and convcrging Branches be
! tween the Missouri River and the base Of the
| RsCky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
! also steadIy 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
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 elected-in Is7U
amount almost to certainty.
The prominent feature in the progress Of the
! CENTRAL PA IFIc RAILROAD Is the remarkably
large and profitable Local Business which IL de-
| velOped upon the completed portion, more than
justifying the estimates Of it, pioiectOrs-tbat
the immense traffic between the ports of Cali
fOrnia and the mining regions of tue int'' OF
would sustain hrst-Class railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus lar reashes nearly two
millions In gold: and this ratio will be doubled
Il. To- h..W FsW.
mountain transit Is made by the locomotive
With every extension Of the track, the business
and profits Of the completed part arc increased
50 that when the Overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity of the company will be without
parallel and its securities appreciated CORES
pondingy. The CENTRAL Pacific RMLReAr
COMPANY offer for sale theirFIkST MORTGAGE
THIRTY YEAR SIX PR CENT. GOLD
BONDS, and submit 10 Investors tie
following among other obvious considers
tons; aud invite the comparison with the merits
and eIcellencies Of any class OF Corporate 50
eurities:
I. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacific
Railroad. soon 70 become the main channel o.
communication on the continent
II. The local settlement and business Their @
mist constantly increase.
III. The hardest part OF the road Is now
built, and the remainder will BE- rapidly carrie
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road Il provided blythe L. 5. Gov
eminent upon a subordinate lien.
/. V. The State and chief cities Of Californi.
have contributed upward Of s3.OOD,oo0 10 th'
enterprise without lien.
VI. The grant Of land l. destined AZ an earl
day ~ prove Of far greater market value thar
, the total Of the first mortgage bonds issueC
! upon the road and equipments
VII. This road lies altogether among the gold
and silver producing regions, and Its revenue
are received In coin.
VIII. The management Of this company Ia
been In the highest degree prudent and frugal
and the whole surplus, after payment Of eIpeps
and interest, is devoted 70 construction purpe
ses-
, TX. The interest liabilities Of the cOrnpan
: are even now les than third the net earning
! upUn the road pledged.
\. Both Principal and IHirTea are pdyab1 !
GoLd under special prOTisions Of both hailoD'
and state enactment
The bonds are in sums Of 1900 each, wit
semi -aunuAl gold coupons attached, and are oi
fered for sale At d per cent Of their par vAln'
and accrued interest from Jan. !. ADDED IN Gu
rency.
The baek interest Is charged AZ ak per cen
in currency. though repaid in full in gilt A
this time they yield nearly
yIYE PEI CEyI. rIOy TIE EWES;
MEM.
These bonds La fair 20 attain tie most yrou
inent position among the n0nzBeeulatiye &
| vestInsuts Of tbs COUNTRY and win b. astlyel
dealt in az The msnsy -oeBtres in Europe.
Holders OF Government securities have an o.
poriuniiy oi exchanging ibsB for Central J
eifc BODds bearing an equal rate d iDteres
with the pEinc!pai well secured, and Of
REALIZING 4 PROFIT or TES TO III
TEEy PEI GEM. ~ ADDITION
Orders sent with the fHnds thrOuEh respon'
bic Banks or Ezpress Companies VIZ reori'
t,rompt attention. BObds sSpt BY return T.
ny.s. 20 any address in the United states,
,reast Inforr-ztiOn. Descriptive pamphlet
Mr. &C . furni.ked or Application AZ The Oh
of The RAllruad Company. No. - Villa
street and Of
FISK q HATCH,
m Bankers and Dealers In Government Seeuriti'
and financial Agents Of the {. r u K To-