The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-10

eminent. for wise purposes. has given its ali
| and encouragement to the construction Of on'
MAIN THROUGH LINE OF RAILROAD from the Ia
| cihc Ocean across the Territories 10 conuec
with the va ious Eastern bIarshts OF the ia
| ciic Railroad system, and which viii form tn
GRAND TRUAK ROUTE 10 the Far West
upon which the mighty transcontinental tram
Will concentrate.
The CENTRAL PACIFIC RAILRoAi
| COMPANY-who are carrying IL forward Will
! gre ter energy and persistence than was eve
shown il any similar woI in ancient or moderl
! times-wilI build equip, awn and control TIT
| Western Half of this Through Line. the mos
productive. favored and valuable portion Of tn
whole, and may justly he regarded as possessing
the richest franchise ever granted on this cont
/ nent.
The Act of Congress confers upon The Corpo
| TaIiOns besides the right of way across the Ter
ri cries gift of H. sUU acres o the pubic landi
/ per mile cor tiguOus 10 this line, and en- appro
priation from the National cre,'it ofSlNlI NIL
| LIONS in PER CENT. KONDs, de ivered rs The
| work progresses; OF half the estimated cost o.
the Through Lice and Branches These sub
| sidy bonds the company may cancel IN course
| OF Years by the Transportation services OF Inc
Roads, and n small per centage of their net 'arr
| ings; they, therefore, constitute an element Of
great strength TO the corporations.
The Act further authorizes them TO issue ar
eoual amount of their own First Mortgage
| Bonds of corr espOnding denominations, tchiet
shall be the first claim upon The rhOle railroad prop
eriy, aud 10 Ichich The lien Of the Government shat
| be subordinate. as a means OF more readily secur
ing the remaining half of the capital for the con
structiOn; 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, n SEMI'NATIoNAl
| Work aided and commended by the people, the
! ! legislative power, and the Executive officers
| though its management Ia Administered Nth al
the care aud JOTethoUJh 0f the most eminent prrd'
corporations. Being under the constant SUPER
vision of the GOycrnmcnt-who, being the prln
cipal creditor, accepts subordinate and conun
! gent lien with 81 large an amount of addition
al capital also invested in the property pledged
! IL Is believed that no securities now offered N
! the market possess the sane claims Ia Conn
d-nce 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 dn ections Nearly 1000 miles
! of the Main Line and cOnyergiDg Branches be
tween he Missouri River and the base of the
Rocky Mountains have been built within three
years. The CENTRAL Pacific RAILROAD has
also steadily and successfully carried the Main
stem Inc 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 tho Eastern lines being effected in 1870
amOuut almost 20 certainty.
The prominent feature in the progress of the
ENlkhL rACntaJ hHiLh o Is ahe Sinh
| iustifyinl tine estimates of its pIoirctors-tbat
che immense traffic beiw, en- the ports of ali
| iOrnia and the mining regions of the int OF
Wv. -, 80 r;T Of Is tLa
on. bnnJra5 ILL., ,bns a. reacbrs ne.,Iy Too
miIlt"ns in roId' and hi. ratio will b. doubled
m mount transit Is maze oy the locomotive
Lth every tNtensi"h o, !hy IluLA, 'iig "usl'es'
ana plohiS "i the C'thPleien pNt arc Instet'seI
eral prosperity of the company will I've without
! parallel and its securities appreciated CORES
pondingly. The CENTRAL Pacific RAILRaAu
! COMPANY offer for sale thcirFIl.ST MORTGAGE
i nm anu , 1.;o,,s Ie
tians. and invite The Comnarson win the ncrits
| aud. of .la nT q. an
]. These Bends are based upon the most vital
and valuable part of this Grand National Pacific
Railroad. soon 10 become the main channel OF
communication on the continent
H. The local settlement and business there
from is remarkably large and profitable and
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.
-, r,,.
IN, ny p,l' ~ w IN -
W ol'iu VIZ "a - lT'iu." ~ '"e - - "''
ern"'en' uPon Suo''uin''e i'en'
have contributed upward OF sjOvO'"oo TO the
enterprise "thOut len
the total of the first mortgage bonds issued
VIZ
III. Inc management OF THIS company mas