The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-30

| ciic Ocean across the Territories 10 connect
with the various Eastern Branshes of the Pa
ciic Railroad system, and which will form the
| GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANE-who are carrying it forward with
greater energy and persistence than was ever
shown in any siR,ilar work in ancient or modern
| times-will bui.I, 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
nent.
| The Act Of Congress conters upon the CorpO-
rations besides the right of way across the Ter
ritOries gift of - sOJ acres OF the public lands
per mile, contiguous TO this line, and Gn appro-
priatiOn from the National credit Of sixty MIL.
| LIONS in PER CENT. BONDS, delivered ~ 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 small per centage of their net earn
| ings; they, therefore, constitute an element OF
| great strength 10 the corporations.
The Act further authorizes them TO issue an
| equal amount of their own First Mortgage
Bonds of corresponding denominations, irhich
shall be The first claim upon the IchOLe railroad prop
erty, aud 10 ichich the lien Of the Government shall
| be subordinate, as means OF more readily secur-
ing the remaining half of the capital for the con,
| structi6n; 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 SEMI. NATIONAL
WORK, aided and commended 10y the people, the
| Legislative power, and the Executive officers,
/ thnu oh ita manappmpnt ia 1lIHlulsfeFei ruth al
the care and JOrethOgh o. he most eminent PIRATE
| corporations. Being under the constant super
viBiOn of the GOvernment-who, being the prin'
cipal creditor, accepts n subordinate aud contin.
| gent lien-with 80 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 conf.
dence and market value, except those OF the
| Government.
Under these favorng auspices very gratifying
progress has been made in extending the railroad
| track from both directions. Nearly 1900 miles
OF the Main Line and cOnvcrging Branches 10.
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 the
| Pacific 10 the summit of the Sierra Nevada and
| into the Great Salt Lake Basin east of the Call
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 1870
! amount almost 10 certainty.
The prominent feature In the progress Of the
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which IL dc.
| velOped upon the completed portion, more than
iustifying the estimates Of its ptoject0rs-that
| the Immense traffic between the ports of Cali
fOrnia and the mining regions Of the int,I or
would sustain frst-class railroad line, oven 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
mOuntaiR transit IL made by the locomotive.
| With every extension Of the track the business
and profits of the completed part are increased;
80 that when the overland through traffic shall
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 theirFIhST MORTGAGE
i THIRTY.YEAR SIX PER CENT. GOLD
BON DIS, and submit 10 Investors the
following, among other obvious coDsidera-
tons; and invite the comparison with the merits
and excellencics of any class OF Corporate Sc.
curities:
l. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
Railroad. soon 10 become the main channel of
communication on the continent.
II. The local settlement and business Their G.
from il remarkably large and profitable, aud
must constantly increase.
III. The hardest part of the road Is now
built, and the remainder will be rapidly carrie
forward over the Salt Lake Plains.
|
". The greatest part of the means necessary
to build the road il provided by the L. s. Gov.
eminent upon n subordinate lien.
V. The State aud chief cities Of California
have contributed upward Of S3OOO,OJO to the
enterprise without lien.
| VI. The grant Of land is destiaed at an early
day TO prove Of far 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 its revenues
are received In coin.
} VIII. Tho 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 purpe
ses.
*. The interest liabilities Of the company
, are even now less than third the net earrings
| upon the road pledged.
K. Both Principal and Tnteret are pdyaJb ~
Gold under special provisions Of both hau0na
and State enactment.
The bonds arc in sums OF 1900 each, with
I a LII zka1 nd nl
fered for sale at % per cent OF their par value
and accrued interest from Jan. ], added, In cur
rency.
The back interest il charged at six per cent
in currency though repaid In full In god
this time they yield nearly
NINE PER CEyT. UPON TIE INVEST
MEYT.
These bonds lid fair to attain the most prom
iBent position among the non speculative In
yesttnents Of the country, and will be aStiyel
dealt in at the msney centres in Europe.
Holders Of Government securities have an op
pOrtuDity Of exchanging them for Central n
ciGe Bonds bearing equal rate Of interest
with the principal well secured, and Of
REALIZING A PROFIT OF TEN TO FII
TEEN PER CENT. IN ADDITION
Orders sept with the funds through TespOns
BILE Banks or Express Companies will receiv
nronpt attention. Bonds ssnt by return Il
p,esz 20 sny address In the United states, q
61T cost INFORMATION, Descriptive pamphlet
Mar. sc, furnished on application az the ofhe
OF The Railroad Company, No. a wIliar
street, and Of
FISK 81 HATCH,
n Bankers and Dealers In Government Securstie
and financial Agents Of the c. p Z i. Co.
va No. Nasszu street, New York.