The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-15
Principal & Interest in Gold Coin.

II is commonly known that the General Gov
ernmont, for wise purposes has given its aid
and encouragement TO the construction Of one
MAIN THROUGH LINZ OF RAILROAD from the Pa
cifc Ocean across the Territories 10 connect
with the various Eastern Branshes Of the IA.
cihc Railroad system, and which will form tho
GRAND TRUNK ROUTE 20 the Ear West,
upon which the mighty traRs-oontinontAl trafis
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown liz any similar work in ancient or modern
Western Half Of this Through Line. the most
productive favored, and valuable portion Of the
whole, and may Justly DO regarded rs possessing
the richest franchise ever granted on this cont
nent.
The Act Of Congress oon(ers upon the CorpO-
rAtions besides the right Of way across the Ter
ritories gift Of IL $40 acres OF tho public lands
per mile contiguous 10 this line, and En appro-
priation from the National credit OF SIIJI NIL.
LIONS in PR cEST: sosps delivered ss che
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
Roads and q small per cSntage Of their net earn
ings they, therefore, constitute an element of
great strength 10 the corporations.
The Act further authorizes them to Issue I'm
equal amount Of their own First Mortgage
Bonds of corresponding denominations pAlSA
shall BE- The Eysf oiditH upon he uhoi airodd prep
erty, and 10 irhieh The tSh Of Us GOrSvnmsnF sAdz
be subordinate, as = means Of more readily sscufS
ing the remaining half Of the capital Cor tho con.
struction; the equipments, &c, being provided
out Of tho capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAn.EoAD Is thsre
fore, in An important sense, n SRM NATIONAL
WORK, aided and commended by the people tho
Legislative power and the Executive officers,
though its management IL ddHpinistsrsd t0itA an
The care aud JOTsthOtIgh Of the most eminent private
corporations. Being under the constant super
viHon OF the Government-who, being the ptn'
cpal creditor, accepts subordinate and contin-
gent lien-with 40 large AN amount OF addition
al capital also invested In tho property pledged,
IL Is believed that no securities now offered In
the market possess the sane claims To conn.
denca and market vElue, except those OF the
Government.
Under these fayoring auspices very gratifying
progress has been made In extending the niroad
track from both directions Nearly 1900 miles
of the Main Line and oonverging branches 80
tween the Missouri River and tie base OF the
Rocky Mountains have been built within thrce
years. The CENTRAL PACIFIC RAILROAD has
also steadIIy and successfully carried the Main
Stem Line from the steamboat navi CATION Of the
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of tim Call.
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line tho probabilities Of the through connection
with the Eastern lines being elected In 1870
amount almost 20 certainty.
The prominent feature in the progress Of The
CENrRAL PA IF1C RAILROAD IL the remarkably
large and profitable Local Business which IL de-
veloped upon tho completed portion moro than
tustifytng the estimates Of la pTojectors-thAt
the immense traffic between tho ports Of Cali
fOrnla and the mining regions vi tho inter or
would sustain a hrstclaas railroad line even II
the overland connections wsro not built Tho
net profit upon operating the link Of less than
one hundred miles, thus Tar, Teashas nearly two
millions in gold, and this ratio viii be doubled
during the coming season, when the entire
mountain transit Is made by the locomotive.
With every extension Of tho track, the business
and profits of the completed part are increaAsdi
that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, tho gen.
eral prosperity Of the company will be without
parallel, and its securities appreciated cores.
pondingly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale theirFlhST MORTGAGE
THIRTY. YEAR SIX PER CENT GOLD
" >
following, among other obvious coDsdera
lions; and invite tho comparison with the merits
and eKcellonces Of any class of Corporate So
eurities:
/. Those Bonds arc based upon 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 Ia remarkably large and profitable, ADD
must constantly increase.
III. The hardest part Of the road IL now
built and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the mean, necessary
To build the road Ia provided by the u. y. Gov.
eminent upon q subOr dinate Hen.
V. The State and chief cities Of California
have contributed upward Of tJ,OOO,VD - the
enterprise without lien.
VI. Tho grant Of land IA destined ut an early
day 70 prove Of far greater market value than
the total of the hr.t mortgage bonds issusd
upon the road and equipments.
| . VII. This road lies altogether among tho gold
and silver producing regions, and ia revenues
are received IN coin.
| VIII The management Of this Company has
| been In the highest degree prudent and frugal.
| and the whole suTpluS after payment OF expense
and interest, Is devoted 70 construction puJpS
ses.
TX. Tho interest Liabilities Of the company
are even now less than third the net earHinrs
! upon the road pledged
| X Both PrinADaI and IntTeft are paysbb n
! Gold under special provisions Of both Ssa0nA
! and State enactment.
/ The bonds are in sums OF 1900 ea6, viA
/ rni-anuuAl gold coupons attached, and ArO q
! fer.d for sals Al % per osnt Of their par vsinA
| and accrusd interest from Jan. ], adasd, In eu.
rency.
=, l,lSrsn<y. though repaid In full In ggA A
his time they yield nearly
YISg PER CEyT. UPON THE IgVBss
NESi.
These bonds bid fair % attain the most pror,,
insnt position among the BOn-Ieculativs IN
vestmsnts Of the country, and viii BE- GstirsIF
dealt in az the nsney-cebtres in Europe.
Holders Of Government securities have 81 Op.
pOrtuDity Of exchanging them for Central Pa
CHIC Bonds bearing an equal rate Of interest
with the principal well secured, and Of
REALIZIYG A PROFIT or ZES TO ZIP
TEEN PER CENT. IN ADDITION.
Orders sent With the funds through respoAsp
Die Banks or Express Companies wiz rso,sft,
prompt attention Bonds ssnt by rstrrz Ef
press 10 any address In the United Stat$< ~
our cost InfOrUati0n, Descriptive pamShtfle
Maps. &c, furnished on application az The okes
Of the Railroad Company, No. 81 Williazf.
street, and Of .geI.
FISK d HATCH, 4hho,