The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-07

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citc Ocean across the Territories 70 connect
with the various Eastern Branshes Of the Pa
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE to the Far West,
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying it forward with
greater energy and persistence than was ever
shown in any SIMILAR work in ancient or modern
times-will bui.n, 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 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 - 500 acres Of the public lands
per mile, contiguous TO this line, and Gn appro'
priation from the National credit of sixty NIL
| LIONS in TER CENT. BONDS, delivered as the
| work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
| sidy bonds the company may cancel in course
of years by the Transportation services of the
Roads and n small per centage of their net earn.
| ings; they, therefore, consulate 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 utHOiuluhNlOHs, CHtCH
shall be the FIRST claim upon The ,ohoe railroad prop
erty, AID 10 iohieh the lien Of the Government shall
be subordinate as a 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 Is there
| fore in an important sense, q SEMI NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
| though its management is administered toih all
the care aud fOrethOtght Of the most eminent private
| corporations Being under the constant super
| viGiOn of the GOverument-whO, being the priu'
cipal creditor, accepts subordinate ana cOntin'
| gent lien-with 50 large an amount of addition
al capital also invested in the property pledged.
it is believed that no securities now. offered in
| the market possess tho sane claims 10 conf.
denco 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 converging Branches be-
tween the Missouri River and the base of the
Rocky Mountains have been built within three
wears. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation of the
Pacific TO 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 $50
amount almost TO certainty.
Tho prominent feature la the progress of the
CENTRAL PA IRIC RAILROAD is the remarkably
large and profitable Local business which is de
veloped upon the completed portion, more than
justifying the estimates OF its pToectOrs-that
/ the inlmenaa traffic hetWpeu tha DDrt4 of ALI.
fOrnia and the mining regions of the int,r OF
would sustain a 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, reashes nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit Is made by the locomotive.
With every extension of the track the business
and profits Of the completed part are increased;
81 that when the overland through traffic shall
he conferred upon the CENTRAL ROAD, the gen.
cTal prosperity of the company will be without
parallel, and its securities appreciated cOT1es-
pOndingly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
: THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors the
following, among other obvious considera-
tons; and invite the comparison with the merits
and excsllencies of any class Of Corporate SO.
eurities;
l. These Bonds are based upon 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 Their g
from Is remarkably large and profitable, and
must constantly increase.
, III. The hardest part Of the road Is now
built and the remainder will he rapidly carrie
I ard tho Salt Lake plaiua
". The greatest part Of the means necessary
to build the road il provided by the L. ). Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of S,OOO"O to the
, enterprise without lien.
VI. The grant of land is destined at an early
I day to prove Of far greater market value than
, the total Of the first mortgage bonds issued
) upon the road and equipments
VII. This road lies altogether among the gold
and silver producing regions. and its revenues
are received in coin.
4 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 is devoted 70 construction purpS
ses.
TX. The interest liabilities Of the company
q are even now less than third the net earrings
4 upon the road pledged
Y. Both Pineipdl aud TnteJesi are y1y1yL il
Gold under special provisions Of both Nationa
and State enactment
NJ ~. - 4, .,,,,. ~ ANN o..L -
semi-aunual gold coupons attached, and are Of
fered for sale at % per cent. Of their par value
and accrued interest from Jan. !, ADDED in cur
lrency.
The back interest ia charged at six per cen
In currency, though repaid In fall 10 god 4
this time they yield nearly
YLTE PER CENT. UPOT TIE LSVES.
AEST.
These bonds JI fair TO attain the mOst prom
ineDt position among the non S 1,,tivsi
dealt In at the Insney-ceBtTes m Et'SIS NJ,
Vn'do-s of Government secuTitie' "a. 81 NJ
portunity OF exchanging tbsm I%I - in,sr..,
eifc Bonds bearing an equAl - ~
With The principal well seeurrd' and o.
pr.1IzIyG A PROFIT Of Ten IN ri
TEEN PER CENT N ADDITION.
Orders sent with the fund.- through fespob-
lie Banks or Express Companies will reoei,
prompt attention BObds s.ut BY return +
pres 10 any address in the United state,
our eOst Information, Descriptive pamphlet
Maps, &c, furnisbed on application az the Off
Of the Railroad Company, No. "A villa
street, and Of
FISK d HATCH,
u Bankers and Dealers in Government Sec0Iiti
and Financial Agents Of the c. p Z. T. Co.
ja24 No ? Nassau street New York.