The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-12
Principal & Interest in Gold Coin,


Il is commonly known that the General Gov
ernment, for wise purposes has given In aid
and encouragement 10 the construction Of one
MAIN THROUGH LINK OF RAILROAD from the Pa
einc Ocean across the Territories 20 connect
with the various Eastern Branshcs Of tho Pa
cinc Railroad system, and which win form the
GRAND TRUNK ROUTE 70 tho Far West
upon which the mighty traRscontinentAi traais
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANH-who are carrying 10 forward with
greater energy and persistence than was ever
shown in any siP,ilar work In ancient or modern
times-will builn, equip, 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 rs possessing
the richest franchise ever granted on this ooRa.
nent.
The Act OF Congress confers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift Of 10 500 Acres OF the public lAnds
per mile contiguous to this limo, and an appro-
priAtion from the National credit of SIKH NIL
LIONS in PR cKNr. BONDS, delivered ~ the
work progresses OF halfth estimated cost ef
the Through Line and branches. These Sub
sidy bonds the company may cancel in . course
Of years by the Transportation services Of tho
Roads, and . small per centage Of their nee earn
ings; they, therefore, consulate an element Of
great strength 70 the corporations.
The Act further authorizes them to issue IN
equal amount Of their own ftrst Mortgage
shall b tho frR claim upon hs srAols railroad prop
srty and TO 'ohieh the tsa Of tAs Government fAaz
be subordinate az q means Of moro readily ssoar-
ing tho remaining half Of the capital for the con-
structioni 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, q SEhINLnuNAL
Work, aided and commended by the people, the
Legislative power, and the Executive onlcera
though its management In ddnsintstsrsd spitA al
The care and IOrethOtlgh Of The most stiH>nt pTsrats
corporations. Being under the constant super
viSion of the Govornmnt--who, being the prtn-
cpal creditor, accepts subordinate and 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 tho sane claims 30 coma
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 aud oonvergipg branches DO
tween the Missouri River and the base OF ths
wears. The CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation Of tho
Pacific 10 the summit OF the Sierra Nevada, and
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 1870
amount almost 10 certainty.
The prominent feature In the progress Of the
CENTRAL PA IFIC RAILROAD IL the remarkably
large and profitable Local Business which In do
veloped upon the completed portion, moro than
iustifying the estimates Of its pTojectors-that
the immense traffic between the ports Of Cali
fornta and the mining regions OF the inter o.
would sustain tirst-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, reashcs nearly two
millions in gold; and this ratio will DO doubled
during the coming season, when the entire
mountain transit IL made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part are increased,
80 that when the overland through traffic shah
be centered upon the CENTRAL ROAD the gen
eral prosperity Of the company viii bs without
parallel and its ,SSSTitis' 1PpTeStai1d S1rs:s
COHPAST offer for sale tbeiTFIItST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors the
following, among other obvious considers
tiOns; and invite the comparison with the merits
and eIcellences Of any caAs Of Corporats 80
eurities:
J. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon 10 become tho main chsnaal u
communication on the continent.
H. The local settlement and business there
from IL remarkably large and profitable. and
must constantly increase.
III The hardest part Of tho road is now
built and the remainder will 10 rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
N build the road Il provided by the U. b. Gov
eminent upon a subordinate lien.
v The State and chief cities Of California
have contributed upward Of t30OO,V00 70 the
enterprise without lien.
VI. Tho grant Of land IL dsstlRod At an early
day TO prove of far greater market value than
the total Of the first mortgage bonds issued
upon the road and equipments.
ryu. This road lies altogether among the gold
and silyer.prOducing regions, and ia revenues
are received IN CON.
VIII. The management Of this company has
been In the highest degree prudent and frugal,
and the whole surplus. after payment OF expense
and interest, IL devoted 10 construction purps
ses
TX. The interest liabilities Of the company
are even now less than . thifa the nst sarEinks
upon the road pledged
X. Both Principal and IntOsH are payatkta
God, under special provisions Of both ksaona
and State enactment.
The bonds are in sums Of 1909 es<h. VIII
semi annual gold coupons attached, and are %
fered for sale At IS per oent- OF their p.r vnue'
and accrued interest from Jan. ], sdssd, IN sss
rsnoy
= The back iP ,ss1Sh repaid IN fan In ~. A
| this time hoy yield ne>fy
VINE PEE CENT. UPON TIE HTEsr
BESE.
These bonds bid fair 70 attain the most PROM,
iDent position among the norrpeculsttvs IN
vestmsnts Of the country, and Win b sstxysly
dealt in At the nsDsy centres In Rargpe.
Holders Of Government securities have n -
portunity Of exchanging them for Central Pc
ciHe Bonds bearing al equal rate Of interest
with the principal well secured. and Of
REALIzLgG 4 PROFIT or TEN 10 ~
TEEN PEI CEyT. ~ ADDITION.
Orders sent with the funds through responAr
bic Banks or Express COmpsnies viii receive
prompt attention. Bonds sspt By return Ia
pres 70 any address In the United states, e
our cost InfOrVation, Descriptive panphlsts,
NapA &C, furnished or application a. the olhes
Of the Railroad Company, No. 81 WiilAn
street, and Of
FISK 81 HATCH,
rA..lsx. A, Gn~~-,~.~,s G~curf.fSa