The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-18
Principal & Interest in Gold Coin,
Central Pacific Railroad First
Mortgage Bonds.

II Is commonly known that the General Gov.
ernmsut for wise purposes has given ia aid
and encouragement 10 the construction Of Que
MAIN THROUGH LINZ or RAILROAD from the Pa
cifc Ocean across the Territories 20 connect
with the various Eastern Branches OF the Pa.
citic Railroad system, aud which viii form the
GRAND TRUNK ROUTE 90 the Ear West,
upon which the mighty trans-continental trafns
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any siRIilAr work In ancient OF modern
times-will builu, equip, own and control the
Western Half Of this Through Line. the most
productive, favored, and valuable portion Of tho
whole. and may Justly be regarded as possessing
the richest franchise ever granted on this cond'
nent.
The Act Of Congress confers upon tho Corpo-
rations, besides the right Of way across the Ter
ritories gift Of ~ SOO acres Of the public lands
per mile, contiguous To this line, and an appro-
priation from the National credit Of SIxJI NIL
LIONS In PR cENr. BONDS, delivered As ohs
work progresses; or half the estimated cost of
the Through Line and Branches. These Sub
sidy bonds the company may cancel In . course
ofsyears by the Transportation services OF the
Roads and q small per osntage Of their net earn
ings; they, therefore, consulate an element q
great strength 10 tho corporations.
The Act further authorizes them 10 issue IN
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, tAieh
shall b. the frSt claim upon tie tohOis rdlroddp prop
erty aud 10 tohieA The IeH Of he Government sAdl
be subordinate as q means OF moro readily seeufs
ing the remaining half Of the capital for tho opn'
struction; the equipments, &c, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD IL there
fore in An important sense, a SRMlNATIoNAL
WORK aided and commended by the people the
Legislative power and the Executive Ofloers
though its management IL administered bih al
Tie care and tOTsthOtgh Of he moot eminent private
corporations Being under the constant upper
viaion Of the Government-who being the 1rin'
cipal creditor, accepts subordinate and contin
gent lien-with so 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 10 conn.
dence aud market vrlue, 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 converging Brancherbe.
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadiiy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 the summit of the Sierra Nevada and
into the Great Salt Lake Basin east Of thu Cali
fOrniA line. Having overcome by far the NEST
difficult and expensive portion OF tho whole
line the probabilities Of the through connection
with the Eastern lines being effected In 1870
amount almost 10 certainty.
The prominent feature In the progress Of tbs
CESTRAL PA II1C RAILROAD Ia tho remarkably
large and profitable Local Business which Ia de.
velOped upon the completed portion more than
iustifying the estimates Of its proioctors-that
the immense traffic between the ports VI Cali
fornia and tho mining regions offhe int,J OF
would sustain hrst-clasA railroad line, even n
the overland connections were not built. Tho
net profit upon operating the link Of less than
ono hundred miles, thus far, rcashes nearly two
millions in gold. aud this ratio Will bo doubled
during the coming season, whH the entire
mountain transit IL made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part are inCroAAets
80 that when the overland through traffic ahAh
be centored upon the CENTRAL ROAD t9s. Gen.
eral prosperity Of the company will be Without
parallel, and It's securities appreciated CORES.
pOndingly. The CENTRAL Pacific RAILROAD
CONTAIN offer for sale theirFIkST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
BONDS and submit 10 Investors TIE
tons; and invite the comparison with thamerits
and exoelloncies Of any class Of Corporate ~.
ourites:
J. These Bonds arc based upon tho most vital
and valuable part Of the Grand National Pacific
Railroad soon 20 become the main channel Of
communication on the continent.
II. The local settlement and business there
from il remarkably largo and profitable, and
must constantly increase.
III Tho hardest part Of the road IL now
built, and the remainder will be- rapidly carrie d
forward over the Salt Lake Plains.
". Tho greatest part Of the means necessary
IN build the road IL provided by the u. y. Gov
emment upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of D,OoO0O 10 the
enterprise without lien.
VI. The grant Of land II destined at an early
day % prove Of far greater market value than
the total Of the first mortgage bonds Issued
upon tho road and equipments.
RvII This road lies altogether among the gold
and silver producing regions, and IL revenues
are received in coin.
VIII. The management Of this company has
been In the highest degres prudent and frugal
and the whole surplus, after payment Of srpsnss
and interest, 10 devoted 10 construction purps
ses-
TX. The interest liabilities Of the company
are even now leas than \ third the net eArHinE,
upon the road pledged
X. Both Principal and In,Sres, are payabk q
Gold, under special prOvisions Of both Nations
and State enactment.
The bonds are In sums Of tIOQs each, with
semi annual gold coupons attached and are o.
fsred for sale At IS per osnt OF their par Vsuh,
and accrued interest from Jan. J. Adssd' IN cur
reney.
r.. h.ck interest IL charged Al AIy cent
{, 1890 though repaid IN full In g,h A
Ibis time they yield nearly
NINE PER CENT. UPON THE INVEST.
KEHT.
These bonds bid fair 20 attain the most prom
iBent position among the DOnspec1lativs In.
vestments Of the country, and win BE- aStlvsiy
dealt in at the DSnsy-eeBtres In Esrope.
Holders Of Government securities have an Op
portunity Of exchanging them for Central Pa
eifc Bonds bearing an equal rate % interest
With the principal Vol secured, andOf
REALIZING 4 PROFIT or TEN TO TIY
TEEN PER CENT IN ADDITION.
Orders sent with tie fund. through ro.por Al.