The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-24
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

1t Is commonly known that the General Gov
ernmont for wise purposes, has given its Al,
and encouragement 70 the construction Of Que
MAIN THROUGH LINZ OF RAILROAD from the Pa
citic Ocean across the Territories TO connect
with the various Eastern Branshes Of the Pa
citic Railroad system. and which will form IN,
GRAND TRUNK ROUTR 20 the Far West
upon which the mighty traas-eontinentA trafIi'
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying it forward will
greater energy and persistence than was eve
shown IN any sipdlar work In ancient or moderI
times-wili bulls, equip; swn and control tn,
productive, favored, and valuable portion Of Oh,
whole, and may Justly be regarded ~ possessing
the richest franchise ever granted on this cont
nent.
The Act Of Congress esnters upon the Corpo
rations, besides the right of way across the Ter
per mile, contiguous 10 this line, and An appro
priation from tho National credit Of sixty NIL
LIONS in PER CENT. BONDS, delivered a. tn,
work progresses, or half the estimated cost Of
the Through Line and Branches. These Sub
sidy bonds the company may cancel In q csurs,
Of years by the Transportation services Of the
Roads, and . small per csntage Of their net earn
ings they, therefore. constitate an element Of
great strength 70 the corporations.
The Act further authorizes them to issue Al
equal amount of thoir own First Mortgag,
Bonds Of corresponding denominations, IsAicj
shall be tie FIRST claim upon the tohoe railroad prop
erty, and 10 iOhieh The lien Of he Government shaI
be subordinate ~ 0 means OF more readily secur
ing the remaining half Of the capital for the con
struction; the equipments, 60, being provides
out of the capital stock subscriptions and othel
sources.
The great CENTRAL PACIFIC RAILROAD Is there
fore In an important sense, o SEMI' NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management Is administered tcih al
The care and Jorethou1h Of The most eminent prIudt.
corporations. Being under the constant super
vision of the Government-who. being the prin
cipal creditor, accepts q subordinate and contin
gent lien-with 30 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 conh
denoe 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 c0nverging Branches DO
tween the Missouri River and the base Of tbs
Rocky Mountains have been built within thre,
years. Tho CENTRAL PACIFIC RAILROAD hal
also steadily and successfully carried the MAR
Stem Line from the steamboat navigation Of tn,
Pacific TO the summit OF the Sierra Nevada, AM
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of tho whole
line, the probabilities Of the through connection
with the Eastern lines being effected in 1871
amount almost TO certainty.
Tho prvmipvnt nosturu fu the progress Of tn
CEsTRAL PA IrTc RAILROAD is the remarkabl
large and profitable Local Business which In de
veloped upon the completed portion, more thai
ustifying the estimates of Its pIojectors-tha
the immense traffic between the ports Of Call
fornia and the mining regions of the intri o
would sustain first-class railroad line, even 1
the overland connections were not built Tn
net profit upon operating the link Of less thai
one hundred miles, thus far, reaches nearly tw
millions in gold; and this ratio will DO doubles
during the coming season. when tho entir
mountain transit 10 made by the locomotive
With every extension of the track, the business
and profits OF the completed part are increased
10 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD the gen
eral prosperity Of the company will be witbou
parallel, and It's securities appreciated CORES
pondingly. The CENTRAL Pacific RATLRsA
CoNPANT offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. COLL
BONDS, and submit 10 Investors 81
following, among other obvious consideru
tons; and invite the comparison with the merit
and excellencies Of any class Of Corporate sc
eurities:
l. These Bonds are based upon the most vita
and valuable part Of the Grani National Pacih
Railroad soon 20 become the main channel q
communication on the continent.
II. The local settlement and business thor
from is remarkably large and profitable, an
must constantly increase.
III. The hardest part Of the road Ia nov
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
Nv. The greatest part OF the means necessar
to build the road IL provided by tho U. y. Got
eminent upon a subOr dinate lien.
V. The State aud chief cities OF Californi
have contributed upward OF t3,OJ0,OD TO th
enterprise without lien.
vi. The grant Of land Ia destsRed at an earl
day TO prove Of far greater market value thai
the total Of the first mortgage bonds issue
upon the road and equipments.
VII This road lies altogether among the gol'
and silver. producing regions, and Ia revenue
are received 10 coin.
VIII The management OF this Company b
been In the highest degree prudent and frugA
and the whole surplus, after psymsnt OF eIpeo'
and interest, is devoted to o0nstrastion purp
ses
TX. The interest liabilities OF me somRan
p,.s p.,,-,,,, and Ju,,y,,t ar, pavaDs.
and S'''' ''-
fered for sale AZ 70 per cent Oh tneir p w
and accrued interest irors Jan. d soseo' in q"
rency.
LL.L tr.sr.., "a eh.,gad AZ sir pey Ger
INC 49, .se,'aS ,.nsid In fnIl 10 ga. !
~ ia ,bex led nearly
'A-' VIEW
WYE ,Yn ory, upoy THE ISyys