The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-02
Central Pacific Railroad First
Mortgage Bonds.

II is commonly known that the General Gov.
| ernmsnt, for wise purposes, has given its aid
and encouragement Ia the construction Of one
MAIN THROUGH LINZ or RAILRoAD trVm the Pa
cinc ocean across the Territories "a connect
With the various Eastern hranshcs OF the Pa
cihc Railroad system, and which viii form the
GRAND TRUNK ROUTE 90 the Far West
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carry ing 10 forward with
! greater energy and persistence than was ever
| shown il any sip'ilar work In ancient or modern
times-wilI bI'l, 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 Con ress confers upon the Corpo-
rations besides the ght of way across the Ter.
rtOTIes gift of ~ sOO acres o. the public lands
per mile, contiguous t. this line and IN npprO-
pration from the National credit OF SIXTY NIL
| LIONS in FER eKNr. 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 . course
Of years by the Transportation services Of the
ings; they therefore, constitute element 81
great strength To tho corporations.
The Act further authorizes thcm to issue
equal amount Of their own First Mortgage
Bonds Of corresponding denominations rhioA
shall be the first claim upon the trh0is railroad prUp.
| eTty aud % t0hich the lien Of bs Government tAdG
be subordinate, IA q means OF more readily secur
| ing the remaining half Of the capital for the
| structiOn; the eQuipments &c, being provided
out Of the capital stock subscriptions and othcr
sources.
The great CENTRAL PAcIFe RAILRoAD 10 thsre
fore, In an Important sense, o SESn'NATIosAh
WORK aided and commended by the people, ne
Legislative power, and the Executive ofhoens,
though its management IL administered 18th al
he care aud JOTehOtgh u hs taost eminent prtrdf,
corporations Being under the constant supec
viBion of the Govrrnment-who, being the pTisr
cipal creditor, accepts "A subordinate and 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 san Q claims 10 cont
drnce and market velur. oTcept those Of the
Government.
Under these fAvoring auspices very gratifying
progress has been made In extending the railroad
track from both directions Nearly 1000 milos
II the Main Line and converginH Branches DO
tween the Missouri River and the base OF the
| ,scky Mountains have been built within three
years. The CENTRAL PACIHC RAILROAD has
| also steaduJ and successfully carried the Main
stem inc from the steamboat navigation Of the
| Pacific 10 the summit Of the Sierra Nevada, aT
! into the Great salt Lake Basin east 0f the Call.
| iornia 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 1870
amount almost 10 certainty.
The prominent feature in the progress o. N.
| .'psrruNL p KAILpONp n tho remarkably
! large and profitable Local Business which Il do
veloped upon the completed portion. more than
! Iustifying tine estimates OF its Professionalism
| the Immense trAtho betwr en- the portA of Cali
! fOrnia and the mining regions Of the int %
you'd sustain nrstclass railroad line, even II
! the overland connections were not built The
net profit upon operating the link Of loSs than
one hundred miles, thus far rsashes nearly two
| millions in gold and this ratio viii be doubled
turing the coming season, when the entire
mOuntaiB transit Il made 10y the locomotive.
With every extension of the track. the business
and profits of the mplrted part are increa=, d
~ that when the overland through trAthu -han
be conferred upon the 'CkNrRAL ROAD. the geA-
rral prosperity OF the company will be without
parallel, aud its securities appreciated CORES
pOndingly. he CENTRAL PACIFIC RAILROAD
CONTAIN offer for sale theirFIhoI MORTGAGE
THIRTY YEAR SIX PR CENT. GOLD
Z -
following, among other obvious cOnsiderA
TONS and invite the comparison with the merits
and eIccllcncies Of any class OF Corporate 90
gurities:
l. These Bonds are baAed apon the most vital
and valuable part Of the Grand National Pacific
Railroad soon % become the main channel Of
communication on the continent.
II. The local settlement and business there.
| from IL remarkably large and profitable, snd
must constantly increase.
| III The hardest part Of the road l. now
built. and the remainder will h. rapidly carried
| forward ever the salt Lake Plains
". The greatest part Of the means necessary
10 build the road IL provided By the Z. :. Gov
| ernment upon subordiDat" Hen
V. Tho State and chief cities Of California
I have contributed upward 81 eJ.OOOOOO 70 The
enterprise without lien.
VI. The grant Of land f. destined at an early
day TO prove NJ far greater market value than
/ the total Of the Hr-t mortgage bonds Issued
upoh The road aud 90 uipmeRtA.
| VII This road lies altogether among the gold
/ and silver producing regions, and Ia revenues
are received 10 coin.
| VIII The management Of this company has
! been In the highest degree prudent and frugal
and interest, u devoted TO construction purps-
ses.
TX. The interest liabilities. Of the company
are even now les than . third the net earAiBEs
upOn the road pledged.
! X Both Principal and Int.r>s, are payab1 b
Gid. under special provisions Of both National
and state sBSctm.nt
The bonds are In sum, u 1900 sseh vita
semi gold coupons attached, and are %
ferej for sale ~ % per cent. OF thTtT par raue'
and accrued interest from Jan. 1, sdsed. In cur
rency.
tn. hack interest Il charged at siI per eset
in ,,fyr,11y though repaid In foil In goa. n
. this time they yield nearly
YJyg PER GEM. Upoy TIE yTEsr
KgST
Tbsss bonds bid fair N attain the most prom.
ln4ut position among the nODEpNeulativs IN.
vestmsnis Of the county. and vii b. sstivelT
dealt IN Al the msney -eeDtr-s IN Europe.
/ HOldsrs Of Government securities have an %.
portuuity Of exchanging them for Central Pa
eihr Bonds bearing an equal rate Of int1res,
With the principal well secured, and u
RgALIZEyG 4 PROFIT or TEN TO PU
TEN PEP CENT ~ ADDITION
Z Orders ssnt with the funds throagb respons
be Banks or Express Companies Will reos.y'
prompt attention. Bonds -snt By return ~
press TO any address IN the United ots,ss
our coat Information, Descriptive :.