The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-09
Central Pacific Railroad First
Mortgage Bonds.

| 1t is commonly known that the Gensral Gov.
| ernmsut for wise purposes, has given its aid
and encouragement 20 the construction of one
MAIN THROUGH LINZ or RAILROAD from the Pa
| cihc Ocean across the Territories 90 connect
with the various Eastern BrAnshes Of the Pa.
| cihc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty traRs-oontinentAl traffic
| will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 10 forward with
| greater energy and persistence than was ever
| shown in any siRular work in ancient or modern
| umes-will buitn, equip, own and control tho
Western Half OF this Through Line the most
productive, favored, and valuable portion OF tho
whole, and may Justly be regarded - possessing
the richest franchise ever granted on this cont.
mont
The Act of Congress conters upon the corpo-
rations. besides the right Of way aeroas the Ter.
ritories gift Of y 500 acres q tho public lands
per mile, contiguous 10 this line, and AZ appro.
priation from the National credit OF sixty MIL
| LIONS in 6 PKR eENT. BONDS, delivered As the
| work progresses or half tho estimated cost OF
the Through Line and Branches. These Sub.
sidy bonds the company may cancel In q course
! Of years by the transportation services Of the
Roads, and small per csntage OF their net earn
| ings; they, therefore, constitute an element OF
great strength 10 tho corporations.
The Act further authorizes them TO issue an
! equal amount of their own Frst Mortgage
| Bonds OF corresponding denominations, UAleh
shall be he first claim upon he Schole rahodd prop.
erty aud 20 chieh the lie'l Of Lhs 6OrenDi<af shall
BE- subordinate, q means Of more readily seeur.
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 Pacific RAILROAD Is there
| fore In an important sense, q SESl NATIONAL
| WORK, aided and commended by the people, tho
! Legislative power, and the Executive officers,
| though itA management Ia ddHttHtsffTed irtut al
thu and fOrethough Of the most eminent pr,tdie
| corporations. Being under the constant sups.
viaion of tho GOrernment-who being the prin'
! cipal creditor, accepts subordinate aud contin.
| gent lien-Wlth 50 large an amount of addition.
al capital also invested in the property Pledged
| 10 IL believed that no securities now offered In
tho market possess the sane claims 90 conh.
dcnce and market yrluo, except those OF the
| Government.
Under these fayorng auspiccs very gratifying
! progress has been made in extending the railroad
| track from both directions. Nearly 1000 miles
| of the Main Line and convcrging Branches be
tween the Missouri River and the base Of the
| Rocky Mountains have been built within three
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 90 the summit Of the Sierra Nevada, AMI
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 elected In ls7O
amount almost 90 certainty.
The prominent feature In tho progress Of the
CESTIiAL PA IP1C RAILROAD Ia the remarkably
large and profitable Local Business which Ii dc.
| velOped upon the completed portion, more than
iustifying the estimates Of IL pIoiectOn-that
| the immense traffic between the ports Of Cali
fornia and the mining regions Of the int, OF
| would sustain firstclass railroad line, even IL
| the overland connections were not built. Tho
net profit upon operating tho link Of less than
| one hundred miles, thus Tar reaches nearly two
millions In gold: and this ratio win bo doubled
during the coming season, when the entire
mOuntaR trRnEit II made by tho locomotive
! with every extension Of the track, the business
and profits of the completed part are increaaed
40 that when the overland through traffic sbhl
be- centsred upon tho CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and It's securities appreciated cOrrcA
! pondingly. Tho CENrIgAL PACIFIC RAILROAD
| COMPANl offer for sale theirFlILST MORTGAGE
! THlRTI-GEAR SIX PER CENT. GOLD
BON DS, and submit 70 Investors tie
| following, among other obvious o0nsidera-
tons. and invite the comparison with Tim merits
and oNo"llencIss Of any class OF Corporate 70
0urtes
! ]. These Bonds are based upon this most vital
and valuable part Of tho Grand National Pacific
| Railroad. soon 81 become tho main channel Of
communication on the continent
/ nj Al.
from il remarkably largo and profitable, and
must constantly increase.
III. The hardest part Of tho road il now
built. and the remainder will be- rapidly carrie d
forward ever the salt Lake Plains.
". The greatest part Of the means necessary
10 build the road l. provided by the U. T. Gov
eminent upon a subordinate Hen.
! V. Tho State and chief cities Of California
have contributed upward Of t1.OOO.VO 10 tho
enterprise without lien.
VI. The grant Of land IL des,IRed At an early
day IN prove Of far greater market value than
the total Of the int mortgage bonds issned
upon the road and equipments.
VII This road lies altogether amo5g the gold
are received In com.
VIII. Tho 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 70 construction purps
ses-
TX. The interest liabilities Of the company
Are even now less than . third the net earnings
upon the road pledged.
K Both Principal and Tni,r,h are paysbt "a
Gold, under special provisions Of both National
and STATE enactment.
The bonds are IN sums Of 1900 each, VITA
: semi annual gold coupons attached, and are Of
fsred for sale at % per cent. Of their par value
and accrued iAisTest from Jan. !. Sdasd In eur
n rency.
!, The back interest il charged At an per cent
!. in eurrSn1y, though repaIa u '''
/. this time they yield nearly
= mxE PER cESr CFoS THE "yS"r
ARST.
These bords I'D fair 10 attain the mO-t prom
inent position among the non spec ulAtiye N
vesfnents Of ths country. and VII b. astlvelj
dealt In AZ The msnsy centres in Europe
H0.dsrH Of Government securities have an Oy
poriuBity Of exchanging them for CsntrAI r.
cihc Ponds beariEE an equal rate 81 Interest
with tie principal well secured, and Of
REALIZING 4 PROFIT or TEN TO PIJ
. TEEN PER CENT. IN ADDITION.
n Orderz sent with tire funds through respops'
. IL. p...L. . R-r.r... ll..rr.anIa. nIl rrcelfl