The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-02
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.

Principal & Interest in Gold Coin
The attention Of Investors, Tr'.stees, Execa-
tors, and others desiring an unuI ially safe re-
liable and profitable form Of permanent invest.
ment, is called to the advantages and assurances
of the
% .. EH
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov;
ernmsut, for wise purposes, has given us aid
and encsura gement ~ the construction OF Que
MAIN THROUGH LINE or RAILROAD from the Pa
cihc UcezIn across the Territories 70 connect
with the various Eastern branshrs OF tue Pa
cifc Railroad system, and which Will form the
GRAND TRUNK ROUTE to the Far west,
upon which the mighty transcontinental traino
will concentrate.
The CENTRAL PACIFIC RAILROAD
CUMPANY-whO are Carrying IL forward with
gre ter euergS and persistence than was ever
shown IL any similar work ia ancient or modern
thues-will Guild equip, own and control the
Western Half of, this Through Line. the most
productive favored and valuable portion OF the
whole anu may Justly be regarded as possessing
the richest franchise ever granted on this eonti-
nent. o.. f..
The Act Of Congress cOnters upon the Corpo
rations besides the right Of way across the Ter
riories gift of ~ s0J acres OF the public lands
per mile, contiguous to this line, and sn appro'
| pIiatiOn IRON the National credit OF Sixty NIL
| LIONS in FER CENT. BONDS, delivered as the
work progresses or half the estimated cost oil
tn. through Liue aud Branches. these Sub
sidy bonds the company may cancel in q course
| of wears by the transportation services oil the
Roads, ana small per centage Of their net arr.
! ings; they therefore, constitute 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 dsDoninations, rhle'
shall be The Erst claim upon The loole railroad prop
erty and 10 ichieh the lin Of the Government shdu
be subordinate as means oil more readily secnr-
ing the remaining half Of the capital for the con.
| stTuctiOn; the equipments, &c being PROVIDED
out of the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD il there
! fore in an important sense, n SESI.NATioNAI.
| WORK aided and commended by toe people the
| legislative pow r, and the Executive oihceTs,
| though its management is administered uih az
The care aud Jorethough Of The most eminent pirate
corporations. Being under the constant super
vision of the GOvernment-who, being the pTln'
cipal creditor, accepts subordinate and cOntin'
| gent lien with so large an amount Of addition.
al capital also invested In the property pledged
| il is believed thai no securities now offered in
| the market possess the san G claims To CONT
drncc and market value, except those OF the
Government.
| Under these favoring auspices very gratifying
progress hasbeen made in extending the railroad
track from both dir ectons Nearly lOOO miles
of the Main Line and converging Branches Pc
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 ine from the steamboat navigation OF the
Pacific 20 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
The prominent feature in the progress OF the
| CENTRAL PACIFIC RAILROAD Is the remarkably
! large and profitable Local Business which Is de.
| velODed upon the completed portion, more than
| instiiying the estimates of its professionalism
! the immense traffic betwr en- the ports Of Cali
| fornia and the mining regions OF the int or
would sustain tirstClass railroad line, even II
| the overland connections were not butlt. Tie
! net profit upon operating the link Of less than
one hundred miles, thus tar, 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 0f the track, tho business
| and profits OF the completed plTt ara increasedi
| 80 that when the overland through traffic shall
| be centered upon the CENTRAL ROAD the gen.
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES.
! pOndiugly. The CENTRAL PACIFIC RAlLR1AD
! COMPANY offer for sale theiTFlhST MORTGAG
! THIRTY.YkAR SIX PR CENT. GOLD
BONDS, and submit to Investors TIE
| following, among other obvious coasidera-
tons; and invite the comparison with the merits
and eXcenenci,s of any class OF Corporate re.
curities:
]. These Bends 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.
III Tho local settlement and business there.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road Is now
built and the remainder will be- rapidly carried
forward over the Salt Lake Plains.
". The greatest part of the means necessary
10 build the road Is provided by the U. >. Gov
eminent upon a subordinate lien.
V. The State and chief cities of California
have contributed upward Of S3.0OO,OOO TO the
enterprise without lien.
VI. TIE giant Of land is destiRed AZ an early
day TO prove of far greater market valns than
the total Of the first mortgage bonds issued
upol the road and equipments.
VII. This road lies altogether among the gold
and silver-prOdueiBg regions, and it, revenues
are received in coin. .
VIII. The management or this company has
been In the highest degree prudent and frugal,
and the whole surplus, alter payment OF expense
and interest, Is devoted to construction purpo-
ses .....'
TX. The interest liabilities OF the company
are even now leSs than third the net earnings
upon the road pledged. g.
- d. DO .~F r..-.. ..'
| Z. Both Principal and Interest ara payable in
Gold, under special ProviSiSns Of both National
and State enactment
| The bonds are In sums Of 1900 each, with
semi-annual gold coupons attached, and are Of.
fered for sale ut IS per cent Of their par value
and accrued interest from Jan. 4. saScd, in cur.
Tency. .a.r 49,
The back interest IL charged at ak per cent,
| In currency, though repaid In full In 0otd. Ai
this time they yield nearly
4 E. .... u. '...
NINE PEI CENT. UPON TEE INVEST
IsJgET gerntHl
NEH
These bonds bid fsir to attain the most Srom.
/ -. Ill. :