The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-04

CluC OCcAu 4CIOss 10 COluctt
with the various Eastern Branshes Of the Pa
citc Railroad system, and which will form the
GRAND TRUNK ROUTE 70 the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-who are carrying it forward with
greater energy and persistence than was ever
shown In any siplilsr work In ancient or modern
times-will builI, equip, own and control the
Western Half Of this Through Line. the most
productive, favored, and valuable portion Of the
the richest franchise ever granted OH this cont.
nent.
The Act Of Congress conters upon the Corpo-
rations, besides the right of way across the Ter.
ritories gift Of II so acres OF the public lands
per mile, contiguous TO this line and en- appro-
priation from the National credit Of sixty NIL
LIONS in 6 PER eRSr. BoSDs, delivered rs the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub.
sidy bonds the company may cancel in q course
Of years by the Transportation services Of the
Roads and small per osntage Of their net earn
ings; they. therefore, consulate an element Of
great strength TO the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, ,ohieh
shall be the first claim upon the nois railroad prop
erty, and 10 ichioh ths hen Of The Government shall
be subordinate as q 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, o SENI'NArioNAL
WORK, aided and commended by the people, the
n Il.
though its management ia administered NTH all
he care and orethou0h Of s most eminent pTipais
corporations. Being under the constant super
viOion Of the Government-who, being the prin.
cipal creditor. accepts subordinate and contin.
gent lien-with 30 large IN 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 81 conh.
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 converg!Dg Branches he.
tween the Missouri River and 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 tho
Pacific TO the summit of the Sierra Nevada, aud
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the most
difficult and eXpensiye portion Of the whole
line the probabilities Of the through connection
with the Eastern lines being effected IN 1870
amount almost 10 certainty
The prominent feature in the progress of the
CENTRAL PA IRIC RAILROAD Ia the remarkably
large and profitable Local Business which Is de.
veloped upon the completed portion. more than
iustlrying the cstimAtos Of it, Professionalism
the immense trafiic between the ports of Cali
fornia and the mining regions of the int or
would sustain a trst-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, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit Ia made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are increased
30 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel and its securities appreciated CORES
pOndingly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale theirFIhST MORTG AGH
THIRTY YEAR SIX PER CENT. GOLD
BONDS and submit 10 Investors tAe
following among other obvious considera
tons; and invite the comparison with the merits
and eKcellencios Of any class OF Corporate ~
Gurties
]. These Bonds ara based upnn 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 Ia remarkably large and profitable and
must constantly iDcreass.
Ill The hardest part Of the road IL now
built, and the remainder will be rapidly carrie d
forward ever the Salt Lake Plains.
~. 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 81 sJ,OO0,UO a. the
enterprise without lien.
VI. The grant Of land is destined at an early
day 10 prove Of far greater market yalne than
the total Of the first mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silveIproducing regions, and its revenues
are received 10 coin.
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 TO construction pasp"
ses.
TX The interest liabilities Of the company
are even now less than q third the net earIi3g'
upOn the road pledged.
| X. Both Principal and Int>rca arc pdyablS IL
God, under special provisions Of both Sations
/ and State enactment
Tho bonds are In sums Of 5000 each, viii
ssni-sunuAl gold coupons attached, and zrs Of
fered for sale at Is per cent Of their par Vslue
and accrued interest from Jan. !. adaed In cur
reney.
The back interest 10 charged At sir per cent
In currency though repaid is fnH IN 1oh'
this time they yield DeaHJ
NINE PER GENT UPOS THE INVEST
HEyT.
These bonds bid fair TO attain the most prom
! lEent position among the n0nFpeculatiys In
vestments Of the country. and vfl be astiyel,
dealt IN nc the nsney centres In Europe.
| Holders Of Government securities have an oy
portuDity Of exchanging thsta for Central Pi
eiee Bonds bearing an equal rate Of interest
With the principal wen secured and 81
REALIZING A PROFIT OF TEy TO EfF
TEEN PEI CENT. IN ADDITION.
Ordsrs ssnt With the funds through respoBsi
lie Banks OF EiBfess Companies viii ruoeir'
prompt attention. Bopds sSnt By ret1rn Er
pres 70 any address in the Cnited states, q
our cost lnfOrrraflOp, Descriptive pamphLts
Maps, Sc, furnisbed % application a. the offie'
Of the RAilroad Company, No. - william
street, and Of
FISK Il HATCH,
Banker and Dealers In Gevernnsnt Securities
and financial Agents Of The e = 4 * Co.
Jz7s No. syssssu street New York