The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-19
Central Pacific RaiIrOad First
Mortgage Bonds.

Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov.
eminent for wise purposes has given its aid
and encouragement 70 the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
cifc Ocean across the Territories 20 connect
with the various Eastern Branches Of the Pa
cifc Railroad system and which will form the
GRAND TRUNK ROUTE 20 the Far West,
upon which the mighty traRs.continental traffic
| will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whO are carrying IL forward with
| greater energy and persistence than was ever
shown in any siulilar work in ancient or modern
times-will buiia, equip, own and control the
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 the CorpO-
ratiOns, besides the right Of way across tho Ter
ritories gift Of IL 800 acres OF the public lands
per mile, contiguous to this line, and sn appro
priation from the National credit Of sixty XII.
| LIONS in PER CENT. BONDS, delivered a. the
work progresses; or half the estimated cost OF
| the Through Line and Branches. These Sub.
sidy bonds the company may cancel in a ceurse
Of years by the Transportation services OF the
| Roads and q small per centage Of their net earn.
| ings; they, therefore, constitute an element OF
great strength to the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds OF corresponding denominations, tchIch
shall be The first claim upon The ISOls railroad prop
erty. and 20 Ichick the lien Of the Government shall
! b. subordinate a. means OF moro 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 Pacific RAILROAD is there
| fore, in an important sense, n SEMI NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive ofhcerH
though its management In administered Nth all
Tie care and 6oTethOugh Qf The most eminent pratt
corporations. Being under the constant super
vi0ion of the GOvernment-whO, being the prin'
cipal creditor, accepts a subordinate and contin
| gent lien-with 40 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 20 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 c0nvergiug 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
| Stem Line from the steamboat navigation OF the
Pacific TO the summit of the Sierra Nevada, and
| ia I'll, NafN a..IN alt
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 lS1b
amount almost to certainty.
The prominent feature in the progress Of the
| CENTRAL PA TIC RAILROAD il the remarkably
large and profitable Local Business which Is 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 intTi OF
| would sustain hrstclass railroad line, even II
the overland connections were not built The
net profit upon operating the link Of less than
| one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio VIII be doubled
during the coming season, when tho entire
mountain transit Is made by the locomotive.
| With every extension Of the track, the 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.
eral prosperity Of the company will be without
parallel. and its securities appreciated CORES.
| pondingly. The CENTRAL PACIFIC RAILR0AD
EoMPASf offer for sale theirFikST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors tie
following, among other obvious oonAidera-
tons; and invite the comparison with the merits
and excellencies Of any class OF Corporate Sc
Gurities
| l. These Bends are based upon the most vital
and valuable part Of the Grand National Pacific
| Railroad, soon TO becOVe the main channel Of
communication on the continent
! II. The local settlement and business Their e
from is remarkably large and profitable, aud
must constantly increase.
III The hardest part Of the road il now
built, and the remainder will DO rapidly carrie
| forward ever the Salt Lake Plains.
! ". The greatest part Of the means necessary
! to build the road IL provided by the L. ). Gov
ernment upon a subordinate lien.
v. The State and chief cities OF California
have contributed upward Of s3.0OO,OOO 10 the
enterprise without len.
| VI. The grant Of land IL destined At an early
day 70 prove Of far greater market value than
the total Of the fret mortgage bonds issued
upon the road and equipments
VII. This road lies altogether among the gold
and silver producing regions, and its revenues
arc received 10 coin.
VIII. The management Of this company has
| been in the highest degree prudent and frugal
and the whole surplus after paymsnt OF expense
and interest IL devoted 10 construction purpe
ses.
TX. The interest liabilities Of the company
are even now less than third the net earnings
upon the road pledged.
\. Both Prineipdl and Int<TeH are Daydbk IN
Gold under special provisions Of both National
and State enactment
) The bonds are in sums Of 5000 each, with
semiaunuaI gold coupons attached, and are Of.
fered for sale at IS per cent Of their par valne,
and accrued interest from Jan. ], ADDED, In cur.
rency.
The back interes, il charged At six per cent
In currency, though repaid 10 full 10 gOd.
this time they yield nearly
NINE PER CENT UPON THE INVEST
| MRYT
sf1r
These bonds bid fair 10 attain the most prom
IneBt POaitiOn among the BOn1Peculaiivs In
yestments Of the country and wiz be actively
dealt in At the Nancy oeBtres in Europe.
Holders Of Government securities have ~ OP
lpo9tunity 81 exchanging them for Central "a
ei6e Bonds bearing 40 eqaal rate Of ihteFcat
with the principal sell secured, ABdSf
REALIZING a PROFIT OF TEN 10 FJF
rETy ryR CENT ~ ADDITION
OTaers sent With the funds through resp0Gsl
bic B2uka or KTpfsas CsDpanies Sin reet ~,
prompt attention. BO1ds Sol y fssa1 - :,