The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-27
Central Pacific Railroad First
MOrtg age Bonds.

IL Is commonly known that the General Gov
eminent for wise purposes, has given its al,
and encouragement to the construction OF ON
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean across the Territories 20 oonuec
with tho various Eastern Branshes Of tho Pa
cihc Railroad system, and which will form tn
GRAND TRUNK ROUTE 10 the Far wes,
upon which the mighty trans -continental tram
will concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-who are carrying IL forward will
greater energy and persistence than was eve
shown In any sipailar work In ancient or moderr
nmes-Wtii euEu, equip, own and control ia,
Western Half Of this Through Line. the mo-i
productive, favored, aud valuable portion OF th,
whole, and may Justly be regarded as possessing
tho richest franchise ever granted ON this cont
mont.
The Act of Congress confers upon the Corpo
ratiOns, besides the right of way across the Ter
ritories gift of ~ 5DO acres OF the public land
per mile, contiguous TO this line and en- appro
priatiOn from the National credit ofSINTy MI
LIONS in PER eESr. BoNDs, delivered rs th,
work progresses; or half the estimated cost d
the Through Line and Branches. These Sub
slul OOuus tub company CANCEL lu CeuTSt
OF years by tho Transportation services OF the
Roads, and o small por centage Of their net earn
ings; they, therefore, constitute an element oi
great strength 10 the corporations.
The Act further authorizes them to issue m
equal amount OF their own First Mortgage
Bonds of corresponding denominations, ,chicI
ShaRbe the first claim upon The ick0ls railroad prop
erty and 20 iohicA The len Of The G0rerHns>1n Shdl
n
ing the remaining half Of the capital for tho con
struction; the equipments, SC, being provided
out of the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD Is there
fore, In an important sense, q SEM NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management Ii Administered 9th al
the care and yorethotigh Of s moot eninst prirdi'
corporations. Being under the constant super
vision of the GOvernment-who, being the prin
cipal creditor, accepts q subordinate and cUntin
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 20 conl.
dence and market value, except those Of the
Government.
Under theso favoring auspices very gratifying
progress has been made in extending the railroad
track from both directions. Nearly 1000 miles
OF the Main Line and cenverging branches be
tw cen tho Missouri River and the base of the
Rocky Mountains have been built within tire,
years. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried tho Main
Stem Line from the steamboat navigation Of til,
Pacific 10 the summit Of the Sierra Nevada, ant
into the Great Salt Lake Basin east Of the Call
fornia line. Having overcome by far the mos
a,,I Of H.. Tl,s.l.
line, the probabilities of tho through connection
with the Eastern lines bcihg effected In iSIl
amount almost TO certainty.
The prominent feature In the progress OF tn
largo and protabls fodai Bnsins sac wneh !. az
veloped upon the completed portion, morp thar
iustifying the estimates Of IT, PROFESSIONALISM
the immense traffic between the potts of Call
would sustain tirst-class railroad line, even !
the overland connections were not built. Tn,
net profit upon operating the link Of less thai
one hundred miles thus far, reaches nearly tw,
millions In gold; and this ratio will be doubles
during the coming season, when the entir,
mountain transit Is made by tho locomotive
With every extension Of the track, the business
and profits Of the completed part are increased
so that when the overland through traffic shall
be oentered upon the CENTRAL ROAD, the gsn
eral prosperity Of the company will be witbOu
parallel, and It's securities appreciated CORES
pondingly. The CENTRAL PAcIrc RAnRsAI
COMPANY offer for sale theirFIkST MORTG AGI
THIRTY.YEAR SIX PER CENT. COLI
BONDS, and submit to Investors H.,
following, among other obvious consldera
tions; and invite the comparison with the merit
and excellencies OF any class OF Corporate 90
curities:
/. These Bonds are based upon the most vita
and valuable part OF the Grand National Pacih
Railroad. soon 10 become the main channel o
communication on the continent
II. The local settlement and business ther Z
from Is remarkably large and profitable, an
must constantly increase.
Ill The hardest part Of the road IL nov
built, and the remainder will DO rapidly carrie
forward sver the Salt Lake Plains.
". The greatest part Of tho means noceasar,
10 build the road IN provided by tho y. y. Cos
eminent upon a subordinate lien.
V. The State and chief cities Of CaliforDi
have contributed upward OF 5000, 90 10 tb
enterprise without len.
VI The grant Of land is destined at an earl.
day to prove Of far greater market value thai
the total Of the first mortgage bonds issue
upon the road and equipments.
VII. This road lies altogether among the gol6
and silver producing regions, and Its revenue
are received In coin.
VIII. The management Of this company ba
been In the highest degree prudent and fruEa
and tho whols surplus, after payment Of expcbs
and interest, Ia devoted TO construction purp'
scs.
*. The interest liabilities Of the eompan
are even now lesa than \ third the net eariilng
upCn ths road pledged.
K. Both Prnspdl and Inteyest are payabl>i
and state enactment
Tho bonds are In sums Of 5000 each, wit
semi annual gold coupons attached, and are
Tered for sals At % per cent Of their par vaiu'
and accrued interest from Jan. ], added, In GU
rency.
Tho hack interest 10 charged at six per cen
in currency, though repaid in fall In god. A
this time they yield nearly
VINE PEE GENT. UPON THE wyEs
xRSZ
These bonds bid fair 20 attain the most pros
iBant positien among the nSn-speeulative
| yestments OF the country, and win be active
dealt in at the meney centres In Europe.
| Holders Of Government securities hzve an Q
poFtunity Of exchanging tssm Tor Central
cife Ponds bearing AN equal rate o. intsfsH
with the principal vel secured. and Of
REALIZING A PROFIT or TEN TO III
TEEN PER CENT IN ADDITION.
| yorder, seut with the funds through respou
tble RankS or Express Companies win reeei,
womut attention. Bonds ssnt by return u
ores 70 any address In the United States,
our cost Inforration, Descriptive pamphlet
Naus, Ae, furnished on application n The oh
Of The Raiircad COMPANY, No. - VIVA
street, and Of
1 FISK a. HATCH,