The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-26


with the various Eastern Branshes of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty transcontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANH-who are carrying IL forward with
greater energy and persistence than was ever
shown in any siVliar work in ancient or modern
times-will builn eqnip, 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 a. possessing
the richest franchise ever granted on this CONT
nent.
The Act of Congress cOnfers upon the COrpO-
ratons, besides the right Of way across the Ter.
ritOries gift of l2 500 acres Of the public lands
per mile, contiguous TO this line, and en- appro.
priatiOn from the National credit Of SIXTY MIL.
LIONS in FER CENT. RoNDs, delivered Us the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub.
sidy bonds the company may cancel in q csurse
of years by tho Transportation services of the
Roads, and a small per centage Of their net earn.
ings; they. therefore, constitute an element Of
great strength 10 the corporations
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, Iohich
shau be the first cldisl upon The IohOtS railroad prop
erty and 10 ichieh The lien Of the Government shall
BE- subordinate, as means of more 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 il there
fore in an important sense, a SENFNATtONAL
Work, aided and commended by the people, the
Legislative power, and the Executive Officers
though its management Is administered nth all
the care and Jorehotght Of tho most eminent prirdte
corporations. Being under the constant super
vBiOn Of the GoyeTnment-who, being the prin'
cipal creditor, accepts subordinate aud contin.
gent lien-with 80 large an amount OF addition
al capital also invested in the property pledged
10 is believed that no securities now offered In
the market possess the sane claims 10 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 c0nverging 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
into the Great Salt Lake Basin east Of the Cali.
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities of the through connection
with tho Eastern lines being effected In $50
amount almost to certainty.
The prominent feature in the progress of the
CENTRAL PA IFIC RAILROAD Is the remarkably
large and profitable Local Business which IN de.
veloped upOH the completed portion, moro than
iustifying the estimates of its pIojeCtOrs-that
the immense traffic between the ports Of Cali
fornia and the mining regions of tue int,I or
would sustain . hrst-Class 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 will 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;
so that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
parallel, and It's securities appreciated CORES.
POndingly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale theirFIkST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 10 Investors tie
following, among other obvious cOnsidera-
TONS and invite the comparison with the merits
and eHcellehCies Of any class OF Corporate se.
eurities:
l. These Bonds are based upon the 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 aud business Their Q
from is remarkably large and profitable, and
must constantly increase
III. The hardest part Of the road IL now
built, and the remainder will be rapidly carrie d
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
10 build the road Ia provided by the U. 3 Gov
eminent npon a subordinate lien.
V. The State and chief cities OF California
have contributed upward Of 1900 90 20 the
enterprise without Hen.
VI. The grant Of land Is destised at an early
day 70 prove Of far greater market valne than
the total Of the first mortgage bonds bsued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and lie revenues
are received 10 coin.
VIII The management Of this company has
been In the highest degree prudent aud frugal,
and the whole surplus, after pAymspt Of expense
and interest. IL devoted to construction Purps
seS
TX The interest liabilities 81 the company
are even now leEs than third the net earrings
upon the road pledged.
X Both PrineiJdl and IH,Srea are pdydblS IN
God, under special provisions Of both National
and State enactment.
The bonds are in sums Of 1900 each. with
semi annual gold coupons attached, and are Of
fered for sale At % per cent. Of their par value
and accrued interest from Jan. !. ad4sd, in cur
rency.
! The back interest Il charged at six per cent
| in currency though repaid IN full ia gSLi. A
this time they yield nearly
SISE PEE CENT. UPON THE INVEST
MINI.
| These bonds bid fair 10 attain the mat 1Iois
ineDt position among the nOhsPeeulatiTs In
yestments Of the country, and viii be astiysl,
| dealt IN at the Insney centres in Europe.
| Holders Of Government securitie. have IN Op
4 portunity Of exchanging them for Central n
! cihc Bonds bearing an equal rate If interest
| with the principal wen secured, and Of
REALIZING A PROFIT or TEN TO ETF
TEEN PER CENT. ~ RDDIpOG
Orders sent with the funds through rssPonsi
bic Banks OF Express Companies VII we've
\ prompt attention BODds sent by return III
/ press 70 any aAArssS IN the United States. a
| our cost InfOTVatiOn. Descriptive pampblsts
Aaps, Ee-. farDisked On spplicatiop AZ The otto'
Of the Raairoad Company. No - WiniaE
street, and Of
FISK e HATCH,
Bankers and Dealers IN Government Securities
I "A sr.r41 ~ The 2 u IA