The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-07

| GRAND TRUNK R0U re 10 the Far West
upon which the mighty trans'contlnental tiaih'
will concentrate.
! The CENTRAL PACIFIC RAILROAD
! COMPANY-wbO are carrying Il forward viii
| gres ter energy and persistence than was ever
I shown ~ any similar work in ancient OF modern
| times-will build, equip, own and control the
Z 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
ii cries Gift Of IL SOU acres OF the public lands
per mile contiguous TO this line and Gn appro'
| priation from the National credit of Sixty NIL
| LIONS in 6 FER CENT isoNps' 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 small per Centage Of their net earE.
| 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, irhieh
shall be the first claim upon The ch0lS 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,
struCtiOD; 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, a SEMI.NATIONAL
WORK, aided and commended by tue people the
| / legislative power, and the Executive officers,
though its management Is administered uih all
Ii nj the efuluguf nitrate
corporations. Being under the constant super
vision Of the GOvernment-who, being the prtn'
cipal creditor, accepts subordinate and contin'
| gent lien-wlth 81 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 conf.
drnce and market valne, 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 convergiug Branches be-
tween the Missouri River and tn" base of the
Rocky Mountains have been built within three
years The CENTRAL Pacific RNLEOhp has
also steadily and successfully carried the Main
Stem inc 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 lar the most
difficult and expensive portion Of the whole
line the probabilities of the through connection
with the Eastern lines being effected in lsTn
amOnut almost TO certainty.
The prominent feature in the progress Of the
CENTRAL Pacific RAILROAD IA the remarkably
large and profitable Local Business which is de-
yelOped upon the completed portion, more tnan
iustifyi the estimates Of its pIuiectors-that
the immense traffic between the ports Of Cali
fOrnia and the mining regions of the int or
| Il tl nuafatu first class Iailfpad line il
the overland connections were not built. The
net profit upon operating the link Ol less than
one hundred miles, thus far. reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season. when the entire
mountaiR transit is made by the locomotive.
With every extension OF thc track, the business
and profits of the completed part are increased
80 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, tho gen.
eral pros DeTity Of the company will be without
parallel, and its securities appreciated cores
pOndingly. The CENTRAL PACIFIC RAILROAD
COMPANY Offer for sale thcirFIi.ST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit To Investors TIE
following. among other obvious coasidera
tons and invite the comparison with the merits
and exCrllenci's Of any class OF Corporal" So
Curites:
/. These Bonds are based upcH the mos, vital
and valuable part of the Grand National Pacific
htllEDdus bbOu " utAbillo lNt UlklN 'Udlah'l VI
communication on the continent
II. The local settlement aud business there
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 carried
forward ever the Salt Lake Plains.
". Tie greatest part Of the means necessary
to build the road Is provided by the T. S. Gov
eminent upon q subordinate lien.
V. Ike State and chief cities Of California
have contributed upward of - OOOn1D 10 the
enterprise without lien.
VI. The giant of land Is destiged at an early
day 10 prove of far greater market value than
the total of the first mortgage bonds issued
upua the road and equipments
VII. This road lies altogether among the gold
and silverproducing regions, and its revenues
are received in coin
VIII The management Of this company has
been in the highest degree prudent and frugal,
snd the whole surplus, after payment OF expense
and interest, is devoted TO construction purpo.
ses.
TX The interest liabilities Of the company
are even now less than a third the net earnings
upon the road pledged.
x. Both Principal and IstSrGd are payable in
Gold, under special provisions Of both National
and state enactment.
The bonds arc In sums Of 1900 each. with
semiannual gold coupons attached, aud ara Of.
and accrued interest from Jan. l, added, in cur.
rency.
The back interest is charged al six per cent
In currency though repaid ia full in gold At
this time they yield nearly
VINE PER CENT UPON THE INVEST.
NEW.
These bonds bid fair to attain the most prom.
inent position among the nou-speculAtiVe In.
yestmeuts Of the country, and win be actively
dealt In at the msney-centres In Europe.
POrtunity OF exchanging them for Central Pa.
cihc Bonds bearing an equal rate Of interest
with the principal well secured, AID Of
REALIZING 4 PROFIT or TEN TO EIT.
TEEN PER CENT IN ADDTTTON.
Orders sent with the funds through responsi.
bic Banks or Express Companies will receive
prompt attention. Bonds ant by return EK.
press 70 any address In the United states At
our cost. Information, Descriptive Pamphlets
Maps, &C, furnished on application at the o6iee
OF the Railroad Company, No. s. William
street and Of
FISK q HATCH,
Bankers and Dealers in Government Securities
and financial Agents Of the Z. p. z z Co.
Ja9t 10. SSassau street, New York.