The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-14
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t is commonly known that the General Goy.
ernmsnt for wise purposes has given it, aid
and encouragement 20 the construction Of one
MAN THROUGH LINE or RAILROAD from the Pa
citic Ocean across the Territories 10 connect
with the various Eastern branches Of the Pa
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 70 the Far West
upon which the mighty transcontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-whoA are carrying IL forward with
greater energy and persistence than was ever
shown IA any siVilar work in ancient or modern
tmes-wil! bull, 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 rs possessing
the richest franchise ever granted ON this cont.
pent.
The Act of Congress conters upon the Corpo-
rations, besides the right of way across the Ter
ritories, gift OF IL 500 acres OF the public lands
per mile contiguous to this line, and TN appro-
priatiOn from the National credit of SIXTY NIL.
LIONS in FER CENT. BONDS 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 a course
OF years by the Transportation services of the
Roads, and a small per csntage of their net carr.
ings; they, therefore, constitute an element Of
great strength 10 the corporations
The Act further authorizes them 10 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, tchieh
shall BE- the first claim upon The rhOIS railroad prop.
erty and 10 tchieh me lien Of The Government ShGg
be subordinate, as q means of more readily secur-
ing the remaining half Of the capital for the con.
structiOn; the equipments, sc, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAILROAD is there
fore, in All important sense, a SKhl NATIONAL
WORK, aided and commended by the people. the
Legislative power, and the Executive officers,
though its management IN administered NTH al
The care and JOTothOtig Of The most eminent pTIrdtS
corporations. Being under the constant super
yiJion of the GOverument-whO being the prin-
cipal creditor accepts q subordinate and cOntin
gent lien-with so 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 Ia cont.
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 lOOJ miles
of the Main Line and Convrrging Branches be
tween the Missouri River and the base of the
Rocky Mountains have been built within three
years The CENTRAL Pacific RAILROAD has
also steadiIy and successfully carried the Main
Stem Line from the steamboat navigation of tho
Pacific Ia the summit OF the Sierra Nevada and
Int. a.. Salt I Ok If . Ia. lFutt
fornia line. Having overcome by far the most
difficult and expensive portion of the whole
line, the probabilities of the through connection
with the Eastern lines being effected in I-,u
amount almost 10 certainty
The prominent feature in the progress of the
CENTRAL PA TFIc RAILROAD is the Tcmarkab ably
large and profitable Local Business which Ia de-
veloped upon the completed portion. more than
iustiiying the estimates of i;s pIucct1r--that
the immense traffic between the ports Of Cali.
fOTnia and the mining regions Of the int ur
would sustain a brst-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 lar, reaches nearly two
millions In gold and this ratio will 10" doubled
during the coming season, when The entire
mountain transit il made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part are increased.
be- centered upon the CENTRAL ROAD, the gen.
eral prosperity Of tho company will be without
parallel, and its securities appreciated cores.
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFlhSI MORTGAGE
THIRTY YEAR SIX PER CENT GOLD
NDS and submit to Investors the
following, among other obyions 'On-dcra
tons; and invite the comparison with the merits
and eXcellcncits of any class of Corporal" :"
Gnrities:
I. These Bends are based upon the mo.t vital
and valuable part Of the Grand National Pacific
Railroad. sOOn 10 become the main channel II
communication on the continent.
II. The local settlement and business Their
from il remarkably large and profitable, and
must constantly Increase.
III The hardest part OF the road is now
built and the remainder will De- rapidly carrie Il
forward over the salt Lake Plains
". The greatest part Of the means necessary
10 build the road il progidOd by tho 1. s Gov
eminent npoa subordinate lien
V. The State aud rllri cities "i California
have contributed upward 81 slp0 10" 10 th"
enterprise without lien.
VI. The grant Of land il desrized At an early
day 10 prove of far greater market value than
the total Of the first mortgage bonds is-usd
upon the road and equipments
VII This road lies altogether among the gold
and silver. producing regions, and iis re'enn"'
are received 10 coin.
If has
been in the highest degree prudent and frugal
and the whole surplus. after paynsat OF eIpenSs
and interest IL devoted 10 Construction purps
qes
TX. The interest liabilities 0f the COMPANY
are even now bss than third the net earTiing'
upon the road pledged.
\. Both Principal and IHL,IsSt are pdyaJ> ~
Gold, under special provisions of both Sati0nA
and State enactmeDt.
The bonds are In sums Of 1900 each, with
semi1 .1uAl gold coupons attached, and are OF
fered Tor sale AZ IS per cent Of their par value
and accrued interest from Jan ! ADDED. In cur
rency.
The lack interest /. charged At all per cent
in r-rTSnev though repaid IN fnll ia gGH A
this time hey Yield nearly
VINE PER cES1 CPOy THE WVEs1
NEST
These bomb bld fair Ia attain tie most ?ron,
inent position among the n0n~pAculatiVe In
ye<tnsDts Of the country. and vii be aStivsl-
dealt ~ at the msneTcebtrer In Europe.
-HolhSrz OF Government securities have an Op
portunity Of exchanging them for Central n
cihc Bonds bearing equal rate Of interest
with the principal veil secured and 81
REALIZING 4 PROETT NJ TEN 10 FIT
TEEN PEI CESL n ABDITIOS.
ORDER at with tks fsBd- thIOugh IsSyonsl
! bic Banks OF Express Companies VIII rsoeiv'