The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-10
Central Pacific Railroad Firs,
Mortgage Bonds.

II Is commonly known that the General Gov.
ernmsnt for wise purposes, has given its aid
MAIN IHRoUeH LINE OF RAILROAD from the Pa
cihc OceAn across the Territories % connect
with the various Eastern brAnshes Of the Pa
cite Railroad system, and which viii fern the
GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty trans-oontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying Il forward with
greater energy and persistenoe than was ever
shown In any similar work In ancient or modern
Western ha q ssn nd In scI sSs n sss
productive. favored, and valuable portion Of tho
whole, and may Justly be regarded a. 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.
ritories gift Of IL 500 acres Of tho public lands
per mile, contiguous 70 this line, and an Appro-
priation from tho National credit Of SIKH NIL
LIONS In PKR eENr. honda, delivered a. the
work progresses or half tho 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, oonstitate an element Of
great strength 70 tho corporations.
The Act further authorizes them 90 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tcAioA
erty, aud 20 tOhieA ns hSa Of Ia Government shall
be subordinate, as q means Of moro readily sccur.
ing the remaining half Of the capital for the
struction; the equipments, 40, being provided
out Of the capital stock subscriptions and other
sources
The great CENTRAL PACIFls RAILRoAD Is thoro.
fore, In an Important sense, q SEbn'NAuoSAL
WORK aided and commended by the people the
Legislative power, and the Executive officers,
though its management In administered tcitA al
The care and JOTothOugh ~ thS most eminent predts
corporations. Being under the constant super
viBiOn Of the Government-who, being the prtn'
cipal creditor, accepts q 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
tho market possess the sane claims to comb
dence and market vslue, except those Of tho
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 cenvorging Branches be.
tween the Missouri River and the base Of thu
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific 20 the summit Of the Sierra Nevada, AMI
into the Groat Salt Lake basin east Of the Call.
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 $50
amount almost 10 certainty.
The prominent feature In the progress Of tho
CRNTRAL PA IFIC RAILROAD IL the remarkably
large and profitable Local Business which II do.
veloped upon the completed portion, moro than
iustifyinR the estimates OF Ia ptoicctors-that
tho immense traffic between the ports Of Cali.
forniA and the mining regions Of tho int,i or
would sustain hrst-olass railroad line, even u
tho overland connections wcre not built The
net profit upon operating the link Of lsss than
one hundred miles thus far, reaches nearly two
millions in gold and this ratio win be doubled
during the coming season, when the entire
mountaiR transit IL made by tho locomotive.
With every eItension Of the trek, the businss,
and profits Of this completed part are increased;
40 that when tho overland through traffic shal
be conferred upon the CENTRAL ROAD, tho ger.
eral prosperity u the company will be without
parallel, and its securities appreciated oorres-
pOndlngly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale theiTfIhST MORTGAGE
YEAR SIX PER CENT. GOLD
BON and submit 10 Investors Ire
among other obvious cOnaiderA-
tiOna, and invite the comparison with the merits
and eXcellencits Of any class Of Corporate 81
eurities;
l. These Bonds are based upon tho mort vital
and valuable part of the Grand National Pacific
Railroad. soon 20 become tho main channel 81
communication on the continent.
II. The local settlement and business thors
from IL remarkably large and profitable, and
must constantly Increase.
III. The hardest part Of the road IL now
built, and the remainder viii BE- rapidly carrie d
forward ever tho Salt Lake Plains.
". The greatest part OF tho means necessary
n build the road In provided by the U. 4. Gov.
ernment upon subordinate hsn.
v. The State and chief cities Of California
have contributed upward Of t1OO0,Opo 20 tho
enterprise without lien.
vi. The grant Of land IL destised At an early
day 10 prove Of far greater market VAlns than
the total Of the first mortgage bonds issued
upon the road and oquipmeniA-
VII This road lies altogsther among the gold
and silver producing regions. and its revenues
are received In coin.
VIII The management Of this company has
been in the highest degree prudent and frugal,
and the whole surplus. after paymsBt Of erpenso
and interest, b devoted 10 Construction purpe-
ses.
TX. The interest liabilities Of the company
arc even now lees than . third the net earHinEs
upon the road pledged.
K Both Principal and Inf>ren are payab< ~
Goid, under special prOvisiODs Of both National
and State snactmsnt-
The bonds are In sums Of 400 each, With
semi ual gold coupons Attaehod, and are Of
fered for sale At % per osnt Of their par VAae'
and accrued lztsreot from Jan. J, AIDED IN cur
reney.
The back interest ls charged az siI per cent
In s1fyy,ney though rcpai6 IN ioh - g1td
this time hey yield nearly
gISE PER OEBI. UPON THE INVEST.
NEYT
These bonds ND fair 70 attain the most prom
inent position among the bOnEpeculatiVo In.
vestmsnts Of tbe country, and win b. astIyely
dealt Ia At the nsnsy centres in Europe.
Holders Of Government securities have an Cd.
portuBity Of exchanging them for Central Pa
cihe Bonds bearing an equal rate Of interest,
With the principal well secured, and Of
REALIZING A PROFIT OF TEN 10 Pr.
TEEN PER CENT II ADDITION
Orders sent with the funds through respesi
bic Banks or Express Companies WI ie" "
prompt attsntion. BSpds ssrt ~ s...
press 70 any address In the Dlite' sh
our cost Information. DeserpLse -.
Max ke farnisbsd on sppi1cst'o1 - ~ .. 49,
Of tbs RaIlroAd Company 30 ~ ">n
street, and Of
FISK q HATCH,
"A nssIers In Government Securities