The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-17


cihc Railroad system, and which will form the
GRAND TRUNK ROUTE TO. the Far West,
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying II forward with
greater energy and persistence than was ever
shown in any siVlilar work in ancient or modern
times-will bJi,1, equip, own and oontrol the
Western Half Of this Through Line the most
productive, favored, and valuable por ton Of the
whole, and may Justly be regarded rs possessing
the richest franchise ever granted on this CONT
nent.
The Act of Congress confers 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 20 this line, and an appro.
priation from the National credit Of sixty NIL.
LIONS in PER CENT. BONDS, delivered ~ the
work progresses; OF 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 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, tShioA
shall be The first claim upon he rhOlS railroad prop.
erty, and 20 i0hich the lien Of Tie 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, q SEMI NATIONAL
WORK, aided and commended by the people the
Legislative power and the Executive officers,
al 40
the care and JorethOttgh ~ ths most eminent pirate
corporations Being under the constant super
vislOn of the GOvernment-who. being the prin.
cipal creditor, accepts a subordinate and Contin.
gent lien-with 50 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 comb
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 cOnverging 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 steadily and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific TO the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east of the Call.
difficult and expensive portion of tho whole
line, the probabilities of the through connection
with the Eastern lines being effected In ls10
amount almost TO certainty.
The prominent feature In the progress Of tn,
CENTRAL PA TIC RAILROAD IL the remarkably
large and profitable Local business which IL de
velOped upon the completed portion, more thar
iustifying the estimates Of its projcotors-tha,
iba in,n lra fHc hat "a nf all
fornia and the mining regions Of the intr' OF
would sustain frst-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, whom the entire
mountain transit Ii made by the locomotive
With every extension Of the track, the business
and profits of the completed part arc increased
so that when the overland through traffic shall
be centered upon the CENTRAL Roam, the gen
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL Pacific RAiLRsAI
COMPANY offer for sale theirFiIIST MORTGAGE
THIRTY.YEAR SIX PER CENT. COLI
BON DIS, and submit TO Investors I've
following, among other obvi0ns cOnsidera
tons; and invite the comparison with the merit'
and eKcellencies Of any class OF Corporate ~
Gurities;
I. These Bonds are based upon the most vita
and valuable part of the Grand National Pacific
Railroad. soon TO become the main channel o.
communication on the continent.
H. The local settlement and business ther g
from Ia remarkably large and profitable, AM
must constantly increase.
Ill The hardest part Of tho road IL nov
built, and the remainder will DO rapidly carrie
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build The road IN provided by the U. y. Gov
eTDment upon a subOT dinats lien.
V. The State and chief cities Of California
have contributed upward of t3,OO0,OO0 90 the
enterprise without lien.
vi. The grant Of land IL destined at An early
day 70 prove Of far greater market vslne thar
the total OF the frat mortgage bonds ISSUED
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and is revenue
are received in coin.
VIII. The management Of this company la
and the whole surplus. after payment OF sIpens
and interest, is devoted 10 construction pups
sea.
| TX. The interest liabilities Of the eompan
are even now less than third the net earning
upon the rad pledged
Y. Both Prineipai and InteTef are Ddyabb Z
| GsId under special provisions Of both Nations
| and state enactment.
Tho bonds are in sums Of 1900 each, Wit
semi annual gold coupons attached. and are o.
fered for sale at % per cent Of then psr vhn' '
and accrued Interest from Jan. ], added, In cut
rency.
The hack interest IL charged At sir per cen
in e,frrenov. though repaid In fall In god. A
this time they yield nearly
NINE PER CENT. UPON THE ISVEs
IEyT.
These bondsb,d fair 10 attain the most ,rOt
veStmeuts Of the country, and VIII be sstiTel
dealt I'm at the msney-eeBtres IN Rnrope.
Holders Of Government securities have "a .
portunity OF exchanging them for Central y
cihe BOnds bearing an eqnal rate Of inteTes
with the pTiAeipal veil scared, and Of
REALIZING 4 PROFIT or TIN TO III
TEEN PER CgyT. ~ ADDITION.
Order. amt With the funds through responi
bie Banks OF ETvsess Companies VIII fecet'
nror1pt attention. BoDds ssnt by return Il
me-. 70 any address in the United stEte,y
oar cost InfOrp alton, Descriptive pznphls'
Map, sc, furnished on application st the on
Of the Railroad Company, No. "a "ihia
street, and Of
FISK a HATCH,
Bankers and Dealers in Government seeuriu
and Financial Agents Of the g. r x X Co.