The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-23
>DESTEABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

rne attention! of Investors, TT stees, Execu
tors, and others desiring an unua lally safe. re
liable and profitable form of permanent invest
ment, is called TO the advantages and assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
! II il commonly known that the General Gov.
eminent, for wise purposes, has given Its Aid
and announcement 20 the construction OF one
MAIN THROUGH LINE OF RAILROAD from the IA
| cihc Ocean across the Territories 70 conuecI
with the various Eastern Branshes OF the Pa
ciic 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
A
! greater energy and persistence than was ever
shown in any siV'ilar work in ancient or modern
I times-will buiiI equip, own and control the
| Western BALI 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 the Ter
ritories gift of IL 500 acres OF the public lands
per mile, contiguous to this line, and IN appro
! priation from the National credit of sixty NIL
! LIONS in 6 PER CENT. BONDS, delivered as the
| work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
| sidy bonds the compSny may cancel IN csurst
of years by the Transportation services OF the
! Roads and n small per centage Of their net carr
| ngs; they, therefore, cOnstitHte an element OF
| great strength 10 the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
I Bonds of corresponding denominations, tpli1A
shall Be The first claim upon the iuhOS railroad prop
sTtv aud % ,rhieh The lea Of the Government shdA
| be subordinate as q means OF more readily secur
ing the remaining half OF the capital for the con
| structOn; the equipments, &c, being provided
ont of the capital stock subscriptions and Other
| sources
The great CENTRAL PACIFIC RAILROAD Ia there
! fore in an important sense, q SEAI'NATIoNAl
| WORK, aided and commended by the people, the
| Legislative power, and the Executive ofhcers
! though its management is administered Vih al
the care AID J0rethOugh Of The most eminent pi1rdb
corpOTdtionS Being under the constant super
viGiOn of the Government-who, being the prin
| cipal creditor, accepts 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'
dance 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 cSnverging Branches be
tween the Missouri River and the base Of the
Rocky Mountains have been hlilt within three
years The CENTRAL Pacific RAILROAD has
also steadily and successfully carried tho AaIr
Stem Line from the steamboat navigation OF The
Pacific to the summit Of the Sierra Nevada, ant
into the Great Salt Lake Basin east of the Cali
| f0rna line. Having overcome by far the mos
| difficult and expensive portion OF the whole
line, the probabilities Of the through connection
with the Eastern lines being effected In lT'
amount almost 10 certainty.
The prominent feature in the progress Of tb,
I y
large and profitable Local Business which Ia de
veloped upon the completed portion, more thar
| iustffying the estimates Of its professionalism
| the immense traffic between the ports Of Cali
forna and the mining regions OF the into 81
| would sustain n irst-Class railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of loss than
one hundred miles, thus lar, Teashes nearly two
millions In gold; and this ratio will be doubled
during the coming season, when the entire
l.. IL. NaaHN hu lsAH Ns.aNt NHa
With every extension Of the track, the business
and profits Of the completed part are increa-sd
50 that when the overland through traffic shall
be centcred upon the CENTRAL ROAD, the gen
eral prosperity of the company will be without
parallel, and its securities appreciated CORES
pOudingly. The CENTRAL PACIFIC RAlLneAI
| COMPANY offer for sale theirFIhST MORTGAGE
i THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 70 Investors ta'
following among other obvious COnsdora
tons and invite the comparison with the merit,
and eXcellenbits Of any class OF Corporate sc
aurities:
/. These Bonds are based upsn the most vital
and valuable part Of the Grand National Pacific
| Railroad soon TO become the main channel Of
communication on the continent
II. The local settlement and business there
from IL remarkably large and profitable, and
| must INSTANTLY lh'iNaoN'
/ III. The hardest part Of the road il nov
| built and the remainder will be rapidly carrte'
forward over the salt Lake Plains.
" The greatest part Of the means necessary
to build the road Is provided by the q. 5. Gov
ernment upon \ subordinate lien
V. The State and chief cities Of California
have contributed upward Of IS OO0,0p 10 th'
enterprise without lien.
VI. The grant OF land is destiRed at an earl!
day TO prove of far greater market value thar
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 in coin.
VIII. The MANAGEMENT Of this company ha
been in the highest degree prudent and frugal
andthe whole surplus, after payment OF eIpens
and Interest, Is devoted % construction purpo
ses.
:, TX. The interest liabilities Of the eOmpan,
are even now less than q third the net eaTniB z
upon the road pledged.
X. Both Principal and InterS4t are payable
God under special provisions Of both HatiOna
and State enactment.
The bonds are In sums OF 5000 each, wit
semi-aunual gold coupons attached. and arc Of
] L. q raae 81 fhefr NAP