The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-11

MAIN LINE OF AllLhbAb lASuA tho -
cifc Ocean across the Territories 20 connect
with the various Eastern Branches OF the Pa
cifc 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 IL forward with
greater energy and persistence than was ever
shown in any sip1ilar work in ancient or modern
times-will 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 As possessing
the richest franchise ever granted on this CONT
nent
The Act of Congress conCers upon the COrpo-
rations, besides the right of way across the Ter.
ritores gift of IL 400 acres OF tho public lands
per mile, contiguous 20 this line, and en- appro'
priation from the National credit Of Sixty MIL
LIONS in 6 PER CENT. BONDS, delivered "A the
the Through Line and Branches These Sub
sidy bonds the company may cancel in course
of wears by the Transportation services OF the
Roads, and small per centage of their net earn,
ings they therefore, constitute IN element OF
great strength 70 the corporations.
The Act further authorizes them TO issue an
equal amount OF their own EIIst nof Ivy
Bonds OF corresponding GehopjhAsInt 80" 800
shdH DC Gtai po ~ H' "a, ',Ss XXI
be subordinate ~ n means Of more readily secur.
ing the remaining half Of the capital for the con.
struCtiCui tno go. "a n,bar
sources
The great CENTRAL PACIFIC RAILROAD is there
fore, in an important sense, a SEMiAAIloNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management IL administered nun az
the and JOTethOttgh Of The most eminent prirdfe
corporations. Being under the constant super
vioioR OF the Government-who Delng the pIih'
cipal creditor, accepts subordinate ana conun'
gent lien-with so large an amount OF addlton'
al capital also invested in the property pledged
IL Is believed that no securities no" OuerN III
the market possess the sane claims 10 conn
dence and market value, except those OF the
Government.
TrrJ.r tbasa f,voripy ausnices very gratifying
,,ocrrass hos he.p made In Itsndinr the railroad
70 fro,,, both dirpctInns Nearly 1000 miles
W .ho MI, TSna md convsrging branches be.
VI eno NAN 1h aa,,ri Riyar end &c. bsse M the
t t,sll Nc Sasn hull within three
hoChy M T'n S..-, $50, y ,IVnIn bas
sIso steadIIy and snnc...sau, carr3ad a. 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 Cali
difficult and expensive portion Of the whole
line. the probabilities of the through connection
with tho Eastern lines being effected In leo
amount almost to certainty.
The prominept feature in the progress Of the
CENTRAL Pa IFIC RAILROAD Is the remarkably
Iarge and profitable Local Businoss which Ia de.
iustifyinR the estimates OF us pioJectorsEStnnI,
the immense uaInc between tne P .h 81 CA -,
Iorn,a anu inc uiG W Is, a,'or g. 4,
na, Drost nro,, oneratipo the link Of Ie.s than
one SnndrsS milcs Tins far reaches nearly two
miIIions I'm gold. and this ratio will be doubled
mountain transit Il made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part are increased
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity OF tho company VIII Oe without
parallel, and its securities appreciated corteH'
gondiDgy The CENLAL HAeIEiS lS4iLh ~
BONDS, and submit TO Investors TIE
following, among other obvious considera-
tiOns; and invite the comparison with the merits
SurltieS'
!; These Bends are based upon the most VIA WA
and Valuable part o. the utl an HHuonI G'n nI
Railroad: soon 70 Oeconhe tne MAJ" '"@''"'' VI
H. The local settlement and business thsT .
from il remarkably large and profitable, and
III. The hardest part Of the road Ia nov
built, and the remainder will be rapidly carrie
". The greatest part Of the means necessary
tn build tho road il provided by the L. s. Gov
eminent upon a subOr dinate lien.
have contributed upward Of s3OoOOOO to tbs
enterprise without Hen.
the total Of the Grst mortgage bonds Issued
VII Th;. rad ia. ,I,oy.,hsr Among the gold
.,,,.,. ,,,,,.,r,, B.,
VII me gIi " -. "a. ~ s,,.I
Oeen IN the IlEnost ...-. "a -. !,
and the NboS SUI PIus, 49, peJ .'.T -.
ana interest," - "e'"'o" =" Nv '''- P''
ses.
TX The interest Iiab,lItis. Of the coinpan,
and state enactment
fsred for sale at % per cent Of their par valns
and accrued interest from Jan. !, adaod In cur
-,
-, -, L. -. ,.,.,
The back fntere-t - ~ "a "a, ~,
IN e1frre'sey tnon iis Iep5. ~. III ''' u S"'"
this Tune thsS y's'" he@'s
,, r,,,. r,,, ,,r,s,
AggT