The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-07

chic Ocean across the Territories 70 connect
with the various Eastern branches Of the Pa
cifc Railroad system, and which win form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty traRs.contnental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any siVlilar work In ancient or modern
times-will bui,a, 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 Congress confers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift of II 800 acres OF the public lands
per mile, contiguous 10 this line, and Tn appro-
priation from the National credit Of sixty NIL.
LIONS In PER CENT. BONDS, delivered A. the
work progresses; or 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, consulate An element OF
great strength 20 the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
shall be the first claim upon The irholc railroad prop
erty and 10 tphieh The hen Of the Government ShdH
be subordinate, as means Of more readily secur
ing the remaining half of the capital for the con
strnction; 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, a SEMI NATIONAL
WORK aided and commended by the people, the
Legislative power and the Executive officers,
though its management Is ADMINISTERED nth al
the care and JOrethOuJh Of The most eminent prirdtS
corporations Being under the constant super
vision Of the Government-who, being the prin-
cipal creditor, accepts q subordinate and contin.
gent hen-with 10 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 to conf.
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 convcrging Branches be
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
wears. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the 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
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with the Eastern lines being effected in 100
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL PA IPIC RAILROAD Ia the remarkably
large and profitable Local Business which Ia de
veloped upon the completed portion, more than
iISstlGging the estimates OF It's projectors-that
fornia and tho mining regions Of the int,' or
would sustain hrst-class railroad line, even IL
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, when the entire
mountain transit Is made by the locomotive.
With every extension Of the track. the business
and profits OF the completed p1rt are increased;
80 that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel. and its securities appreciated CORES
pOndingly. The CENTRAL PACIFIC RAILROAD
CoMPANr offer for sale therFIhST MORTGAGE
THIRTY YEAR SIX PER CENT GOLD
BON Ds and submit 20 Investors tie
following among other obvious coBSldera
tons; and invite the comparison with the merits
and eXcellencies Of any class Of Corporate 90.
curities
!. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad : ron 10 become the main channel Of
communication on the continent.
III. The local settlement and busines. there
from In remarkably large and profitable and
must constantly increase.
IN. a..
built, and the remainder will bo rapidly earn. d
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road il provided by the L. 8. Gov.
eminent upon 4 subordinate lien
V. The State and chief cities Of California
have Contributed upward of s3,OO~D 90 the
enterprise without lien.
vi. The grant Of land il dsstiaed at an early
day % prove Of far greater market yalue than
tho total Of the first mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver. producing regions, and it, revenues
are received 10 coin.
VII The Management Of this company has
been in the highest degree prudent and frugal
and the whole surplus after paymeaf Of eIpsnss
Sc.
TX. The interest liabilities Of the company
are even now less than third the net earbing'
upUn the road pledged.
X. Both PriHeipdl and THterest are Psyqik %
Gold, under special provisions Of both SatsSna
and state enactment.
The bonds are in sums Of 1000 each, viii
semi-annual gold coupons attached, and are OIL
fered fer sale st IS per cent Of their PSI VAine
! and accrued interest from Jan. !. adaed, In car
rency.
The hack interest Ia charged at sir per cent
| In e,srrSrrv. though repaid in foil in gold. A
this time they yield nearly
yrSE PER CENT UPOy THE IyVEsI
NgHT
These bonds bid fair 70 attain the most prO1n
iDent positl0n among the nonspeeulatiTe In
yestments Of the country, and viii be actively
dealt in At the Money -oeDtres in Europe.
Holders OF Government securities have an op
! portunity 81 eIehAnging them for Central Pi
1 eihe BObds bezrihg an equal rate Of Interest
with the principal well secured, and Of
REALIZING A PROFIT or TES ~ 1IE
TEEy PER CENT. ~ ADDITION
OTders s<nt with he fuhds thr0agh responsI
bic Banks or EIDrsss Companies win rooeiv'
! prompt attention. Bonds sSnt by return Kr
| press 70 any adifsez in the United 5tatesy n
our oost Izf0TrafsD Descriptive panpbl<ts
Maps, ke. furnished on appleatioa AZ The s.aSo1
Of he RAIlroad Company. No. - WIDsa
street. and Of
PIsK Il HATCH,
Bankers and Dealers in Govsrnneut Seeuritie'
and Financial AEs.ts ofthe G. p r r. Co.
4 $500 ~