The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-14
Central Pacific Railroad First
Mortgage Bonds.

It is commonly known that tha General Gov
eminent, for wise purposes, has given 10 aid
and encouragement TO the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pc
cifo Ocean across the Territories 70 oOausot
with the various Eastern brAnshes Of the 70
cito Railroad system, and which will firm the
GRAND TRUNK ROUTE 20 the Far wesA
upon which the mighty trans-continenth EAte
win concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than WAS eve
shown in any siV'ilar work In ancient or moders
times-wili bui'a, equip, own and control tie
Western Half Of this Through Line. the noss
productive, favored, aud valuable portion OF ts
whole, and may Justly be regarded "a possessing
the richest franchise ever granted on this cont
nent.
The Act Of Congress conters upon the Cosrs
rations, besides the right Of way across the Tee
ritories gift Of ~ $40 acres OF the public lands
per mile, contiguous t. this line, and an spSro-
priation from the National credit OF SIXTY NIL
LIONS in rER CENT. BONDS delivered - the
work progresses; or half the estimated oost a
the Through Line and Branches. Thee SUB
sidy bonds the company may csAcrl IN csu'rs
Of years by the transportation seryices OF the
Roads, and q small per csntage Of their net ,srns
ings; they therefore, constitute an element q
great strength 10 the corporations.
The Act further authorizes them TO Issue 70
equal amount Of their own First foriesss
Bonds O. corresponding denominations ,cAieA
shall be the first claim upon he pAois ra,irood PROP
erty and 10 i1hieA the iiSn Of Uls Government skad
be subordinate, as . neahs OF more readily eeert
ing the remaining half of the capital for The e .
structiOn; the equipments, &c being prov1d~A
out of the capital stock subscriptions aud sthss
sources.
The great CENTRAL PAciFTc RATLseAD 10 ths~s
fore In An important sense, a Ehl'NLrToStk
WORK aided and commended by tho people. the
Legislative pow er and the Executive oh's-A
though its management Is GdIHinrtsrsd ssA -
the care and JorethOugh Of The mort sUlnsnt pr|s,s
coTpOrdtiOnS Being under the constant WP-e
viOion of the Government--Who, being the priF
cipal creditor, accepts subOrdihate and oontiS
gent nen-with so large an amount Of sdditios
al capital also invested In the property Flsdgsd,
IL il believed that no securities now offered e
tho market possess the SAL claims 70 conn
drnce and market value, except those OIL shs
Government
Under these favoring auspices very gratifying
progress has been made In extending the rail- oad
track from both directions Nearly 1900 milso
of the Main Line aud cOnyorging Branches 10
tween the Missouri River and the base Of tks
kscky Mountains have been built within vhrso
years. The CENTRAL PAClnc RAILROAD Lea
also steadily and successfully carried the Jaa
Stem Line from the steamboat navigation Of the
Pacific TO the summit of the Sierra Nevada, rI1
into the Great Salt Lake Basin east OF the GAIA
fornia line. Having overcome by fsr thu nsss
difficult and expensive portion Of the vhois
line, the probabilities Of the through conneotioo
with tho Eastern lines being elected In 1879
amount almost 10 certainty.
The prominent feature In the progress Of 10
CESTRAL PA IFIC RAILROAD IA tho remarkably
large and profitable Local Business which 10 10
velOped upon the completed portion, more thss
IustifyinR the estimates Of its pIojectON-th.s
the immense erafhc between the ports % Cali
fornia and the mining regions Of the int .
would sustain hrst-clase railroad line, svso n
tho overland connections were not built. The
net profit upon operating tie link Of le.s thsa
one hundred miles, thus far reashcs nearly TOO
millions In gold; and this ratio will be doubled
during the coming season, when the nitro
mountain transit Ii made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are tncrcss-di
80 that when the overland through trafio shAa
be conferred upon the CENTRAL Road, the gee
eral prosperity Of the company viii be ritbous
parallel and It's securities appreciated eJrrcs
pOndingly. The CENTRAL PACIFIC kiILEels
CoAPAST offer for sale theiTFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONps and submit 70 Investors tie
following, among other obvious considers
tons; and invite the comparison with the merits
and eTcellencies Of any class Of Corporats -
Gurities:
/ These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad, soon 10 become tho main chAnssl u
communication on the continent.
IL The local settlement and business there
from is remarkably large and Vrohtsbls, and
must constantly increase.
Ill The hardest part Of the road 10 noe
built, and the remainder will bo rapidly carries
forward over the Salt Lake Plains.
". The greatest part Of the means Necessary
to build the road IL provided by the U. Q. Gsv.
eminent upon a subordinate len.
V. Tho State aud chief cite. Of Cslifornis
have contributed upward Of $500, 900 10 Ne
enterprise without len.
VI The grant Of land II destined At 90 asfly
day tO prove Of far GREATER market value tbst
the total Of the arst mortgage bonds issued
upon the road and equipments.
VII This road lies altogether among tho sog
and silver producing regions, and It's revenues
are received in coin.
VIII. The management Of this company hss
been In the highest degree prudent and frugal.
and the whole surpus after payment Of expense
and interest, IL devoted TO construction puTps-
ses.
TX. The interest liabilities Of the company
are even now less than 4 third the net earHizfs
upon the road pledged.
K Both Principal and Tnt>r,5t az, paya5I ~
Gold under special provisions Of both HaaSaA
and state enactment.
The bonds are in sums Of tIOos each. viz
semi-aunual gold coupons attached, and ere O.
fsred for sale At 95 per cent Of thrir par value.
and accrued interest from Jan. ]. ADDED In sHs
rency.
II. h,,k interest IL charged at srD cent
n ., ns though repaid In full In ga. 4
ri. time they yield nearly
SLHE PEI CENT. UPog TIE IEvEsr
HEST
Thess bonds bid fair TO attain the uao.t yrou,
iDeBt position among the nOBsPeculatiTs In
ve-tments Of the country. and viii BE- aStivelr
dealt IN II the msnry -eeDtTrs In Europe.
Holders Of Government securities have an %
pOrtunity OF exchanging them for Central Pc
cihe BOBds bearing equal rate Of interest
with the principal well secured, and Of
REALIZING A PROFIT or TEN TO m
TEEN PER CENT IN ADDITION
Orders sent with the funds through respsna.
bic Banks or Express Companies win receive
prompt attention. Bonds ssnt BY return RK
press 70 any address In the United states. a
our cost InfOrp alton, Descriptive pamphlets,
Maps &c, furnished on application at the O6lcs