The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-29

Win the various Eastern bIahsAes OF the IA
Chc Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty traRscontinontal traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying IL forward with
greater energy and persistence than was ever
shown in any siplilar work in ancient or modern
tlmcs-Will bui,n, equip own and control the
Western Half of this Through Line. the most
productive, favored, aud valuable portion of the
whole and may Justly be regarded rs possessing
the riches; franchise ever granted this cont.
ncnt.
The Act of Congress Conters upon the Corpo-
rations besides the right of way across the Ter
ritores gift of IL SDO acres Of the public lands
per mile, contiguous To this line and sn apprO.
pratiOn from the National credit OF SIXTY NIL
LIONS in & FER CENT. DoNDs, delivered a. 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 a small per CcntaCe Of their net earn
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 denominations, ,ctich
shall be he first claim upon he irholc railroad prop
sTty and n iclich the lien 81 he Government shall
b. subordinate. rs a means Of more readily secur
ing the remaining half of the capital for the con
the equipments, &C, being provided
out of the capital stock subscriptions aud other
sources.
The great CENTRAL PACIFIC RAILROAD is there
fore IN an important sense, a SINH. NATIONAL
WORK, aided and commended by the people, the
Legislative power aud the Executive officers
though it, mauagym il Administered auth al
he care and tOreth0ugLt Cf The most eminent pirate
corporations. Being under the constant super
vibiOn of the GOvernmcnt-who being the prin
cipal creditor accepts subordinate and contin
gent licn-wIth 20 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 10 cont
dencc 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 cOnvcrging Branches he-
tween the Missouri River and the base at the
Rocky Mountains have been built within three
wears The CENTRAL Pacific RAILROAD has
also stcadny and successfully carried the Main
Stem Line from tn" steamboat navigation of the
Pacific Ia the summit of the Sierra Nevada. ami
into the Great Salt Lake Basin east of the Cali.
fnrnia 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 l-Io
amount almost TO certainty.
The prominent feature in the progress of the
CENTRAL PA ITIC RAILROAD IL the remarkably
lar-r and profitable Local Business which il de.
vrlopcd upon the completed portion, more than
iustifying tho estimates Of it, pfoicCiOrs-that
H.. l.fN In ftI a lie
furnia and the mining regions of the int,I ur
would sustain a trst-ClasS railroad line, oven II
the overland connections were not built. The
net profit upon operating the link of loss than
one hundred miles thus Tar, rcashrs nearly Two
millions in gold. and this ratio will be- doubled
during the coming season, when the entire
mOuntaiH transit is made hy the locomotive.
With every extension Of the track. the business
and profits of tho completed part are Increased.
80 that when the overland through traffic shall
bc centcred upon the Central ROAD, IN" gen.
cral prosperity of the company will be without
parallel. and IL. securities appreciated corrcs
pundugly. The CENTRAL Pacific RAILROAD
CONPANl offer for sale thcirFlhSI MOkIG AGE
THIRTY YEAR SIX PER CENT. GOLD
BIO n ID S, and submit to Investors the
following, among other obvious COnsidera.
tons and invite the comparison with the merits
and cxcellcncies of any class OF Corporate So
CuIiteH:
l. These Bonds are based upon tho most vital
and valuable part of tho Grand National PaCIhc
Railroad. soon to become the main channel OF
communication on the continent.
II. The local settlement and business there
from il remarkably large and profitable, an
must constantly increase.
III The hardest part Of the road ia now
] I'LL L.. llfs .Trtn 4
fOrw ard over the Salt Lake Plains.
" Tie greatest part Of the means necessary
10 build the road il provided by the L. :. Gov
crnmcnt upon a subordinate lien.
Y. The State aud chief cities Of California
have contributed upward of s3rgyyy to Tie
enterprise without lien.
VI. Tho grant Of land.s dcstipcd at an early
day TO Prove OF Ear 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 IT. revcnuei
/ are received in coin.
| VIII The management Of this company ba
/ been In the highest Gcgree prudent and frugal
| and the whole surplus, after payment 0i eIPens
and interest, is devoted 10 construction purp0
I sez.
TX. The interest liabiIl;e. Of the compan!
are even now Jess than a third the net earning
upon the road pledged.
Y. Both Principal and THiryst ARE p1y1bI q
Goli under special provisions Of both Natlona
and state enactment.
The bonds are IN sums Of 1900 each, wit
semi .annual gold coupons attached, and are OF
fered for sale at % per cent. Of their par falh'
and accrued interest from Jan. ], adssd' IN cur
rery.
The back interest Is charged at ak per cen
In currency though repaid in full In goa. a
this time they yield nearly
NINE PER CENT. UPON THE I6VES.
IEyT
Thee bonds bid fair to attain the most 2ror
ineut pO.ItiOn among The non speculative b
vestucnts 81 the country, and viii BE- 5StIvrI
dealt in AZ the msney- centres in FUrOps.
HOldGrs Of Government securities have an q
pOrtuHity Of exchanging them for CfniraI
eide Bonds bearing an equal rate ~ Inter'-
With tie principal well secured, and Of
REALIZING A PROPIT or TES 10 ~
TEEN PEE CENT N ADDITION.
orse,. ant with the fands through respo1l
~ PINK. OK Express COMPANIES TIll rsesi,
o--,t attention. Bonds s.nt by return
-. 20 apy zddpsEs in the. United state,
- cot InfoFrr alton. Descriptive pamphls'
yau.. sc. fUrnizhsd On application .; ihs OH
Of The Railroad Company. No. - "inia
street, and Of
FISK a. HATCH,
N Bankers and Dealers in Government stsnIiti
and financial Agents Of the L. r X H. 20
tssi No. s Nassau street, New York