The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-08

with the various EasteTn brAnenes OIL the IA
,iic Railroad System, and which win form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty trans'continental trGfic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
GrV carrying IL forward with
greater energy and persistence than was ever
shown in any siVNilar work In ancient or modern
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 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 800 acres Of the public lands
per mile, contiguous 70 this line, and On appro.
priation from the National credit Of sixty MIL
LIONS In PER CENT. BONDS, delivered as the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These Sub
Of years by the Transportation services OF the
Roads, and q small per cOntage Of their net earn.
Ings; they, therefore, constitute IN element OF
great strength 20 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, tehteA
hal be the rJt claim upOa no tcAols rdlrodd prop
srty and % tohieh he den Of the Government LhGA
BE- subordinate, a. means Of more readily secnr.
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, q SRM NATIONAL
Work, aided and commended by the people, the
/ legislative power, and the Executive officers,
though its management IL administered Nth az
he care and JorehOught Of he most eminent private
Being under the constant super
vision Of the Government-who, being the prin-
cipal creditor, accepts subordinate and eontin.
gent lien-With so 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 the sane claims 70 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 cenvergiug Branches be
tween the Missouri River end 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 tbs
Pacific to the summit Of the Sierra Nevada, ant
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected In is7d
amount almost TO certainty.
The prominent feature In the progress Of the
CENTRAL PA IFTC RAILROAD Ia the remarkably
large and profitable Local Business which n de
veloped upon the completed portion, more thar
justlfyinR the estimates Of its pIojectorS--thai
the immense traffic between the ports Of Call
fornia and tho mining regions Of the int, OF
would sustain a hrstclass railroad limo, even u
the overland connections were not built. The
net profit upon operating the link OF less thar
one hundred miles, thus far, reaches nearly two
millions in gold; and this ratio will DO doubled
during the coming season, when the entire
mountain transit Is made by the locomotive
With every extension Of the track. the buaines,
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 DO without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIkST M0RTG AGE
THIRTY.YEAR SIX PER CENT. COLL
b 0ND DIS, and submit 20 Investors th'
following, among other obvious cousidera
tiOns and invite the comparison with the meritl
eurities:
/. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacifis
Railroad. soon TO become the main channel o.
communication on the continent.
II. The local settlement and 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 DO rapidly carrie I
for Eard ever the Salt Lake Plains,
". The greatest part Of the means necessary
to build The road is provided by the L. $. Gov
eminent upon subordinate lien.
V. The State and chief cities Of California
enterprise without len.
VI. The grant Of land Is destined at an carly
day 10 prove Of far greater market value than
the total Of the first mortgage bonds isBuet
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, aud it, revenuh'
are received In coin.
VIII. The management Of thIs COMPANY hal
been in the highest degree prudent and frugal
and the whole surplus, after payment Of expense
and interest, IL devoted TO construction purps
3es.
TX. The interest liabilities Of the eompan,
are even now less than a third the net earning
upon the road pledged.
X. Both Principal and IIteyest are payaLts q
God, under special provisions Of both Nations
and State enactment.
The bonds are in sums Of 5000 each, viii
semiannual gold coupons attached, and are Of
fered for sale At IS per cent Of their par value
and accrued Interest from Jan. J, sdSod, In cur
reney.
The back interest u charged AZ ak per cen;
In currency, though repaid In full In gold. A
this time they yield nearly
NINE PER CENT UPON TIE IYVES1
These bonds bid fair 10 attain the most SFUm
inent position among the DonEpsoulGtiTs IN
yestments Of the country, and win be astivel,
dealt In Il the nSney- centres In Europe.
Holders Of Government securities have Al Oh
portuBity Of exchanging them for CeDtral r
eibc BonAs beartng IN eqna1 rate of IBtsres,
with the PTiodpal well secured. and Of
REALIZING A PROFIT OF TES 10 III
TEEN PER cRyH ~ ADDITION
Orders sent with the funds through rospOesi
be banks or Express Companies VII rsestv'
prounpt affPDfisn. BOnda aent b. rsturn III
preaS 10 aay address in the United States, q
our cost InE0rH&tfgn, Descriptive PAuphlets
Mar, Ge, Furnished On sppliestioa g Tie olic.
o. tbs Railroad Company. No. - WILLIS
street. and a -
FISK 4 HATCH,
ifll.as -.G0t.lsff sE-Cs s-r@ -1f ~ -
Rankazs ana psaIsss IN eossssneAt sss.hitSs.
and FInancial Assa,s afths G. r 4 hCo.
iaqS No Nsaaau streSt New York