The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-07
Central Pacific Railroad First
Morts age Bonds.

Its commonly known that the General Gov.
ernmSnt for wise purposes, has given its aid
and encouragement 20 the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
cihc 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 10 the Far West,
upon which the mighty trans-oontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 10 forward with
greater energy and persistence than was ever
shown In any siP,ilar work In ancient or modern
times-win buiia, equip, own and control tho
Western Half Of this Through Line. the most
productive, favored, and valuable portion OF tho
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cont
nent
The Act Of Congress conters upon the Corpo-
rations, besides the right Of way across the Tcr.
ritories gift Of IL 800 acres OF the public lands
per mile, contiguous 10 this line, and sn appro-
priation from the National credit OF sixty NIL
LIONS in 6 rER eENT. BONDS. delivered AZ tho
work progresses; OF 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 q small per csntage OF their net earn
ings; they, therefore, consulate an clement OF
great strength 10 tho corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, W,hich
shall be ue Rrst claim upon he NAOls railroad prop
erty, and 20 lshieh he lien Of Tie Government shall
BE- subordinate, rs n means Of moro readily secur
ing the remaining bali Of the capital for the
aha "A ant Ia hafn Aal
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Is thero
fore. in an important sense, q SRNI'NArtoNAL
WoRK aided and commended by tho people the
Legislative power and the Executive oftoers,
though its management is ddnaiHistSred pih al
the care aud JorehouOht II ths most eminent pTirdis
corporations. Being under tho constant supa-
vision Of the Government-vho being the prtn
cipal creditor, accepts subordinate aud contn
gent ien-with 40 large an amount Of addition
al capital also invested In the property pledged,
IL is believed that securities now offered In
the market possess the sane claims 20 conn
dence and market value, except those Of the
Government.
Under these favoring auspices very gratifying
progress has been made In extendin the railroad
track from both directions. Nearly 1000 miles
Of the Main Line and converging Branches bo-
tween the Missouri River and the baAo Of tho
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadIiy 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 tho Call.
fornia line. Having overcome by far tho most
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected In ls7O
amount almost 70 certainty.
The prominent feature In the progress Of tho
CENTRAL PA nc RAILROAD In the remarkably
large and profitable Local business which 10 do.
veloped upon the completed portion, moro than
ustifying the estimates of il pIojeetors-that
the immense traffic between the ports of Cali
fornia and the mining regions of tho int,i or
would sustain first-Class railroad line even II
the overland connections were not built. The
net profit upon operating tho link Of less than
one hundred miles, thus Tar, roashes nearly two
millions In gold; and this ratio will bs doubled
during the coming season, when the entire
mountalR transit II made by the locomotive
With every extension Of tho track tho buainess
and profits Of the completed part are incrcassd;
50 that when the overland through traffic shah
be- centered upon tho CENTRAL ROAD. the gen.
eral prosperity Of tho company will be without
parallel, and its securities appreciated corppa.
pondingly. The CENTRAL pkcITc RAnRoAD
COMPANY offer for sale theirFIhl5T MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
d ON DIS, aud submit 10 Investors tie
TONS and invite the comparison with the merits
and eIcellencies Of any class Of Corporate 80.
Gurities:
!. These Bonds Are based upen the most vital
and valuable part Of the Grand National Pacific
Railroad soOn 10 become tho main channel Of
communication on the continent
II. The local settlement and business thore.
from In remarkably large AID profitable. and
must constantly increass.
III The hardest part Of the road IL now
built, and the remainder will be rapidly carried
forward ever the Salt Lake Plains.
~. The greatest part Of the means necessary
10 build the road Il provided BY tho T. =. Gov.
eminent upon = subordinate lien. -f
v. The state aud chief cities Of California
have contributed upward Of t3,Ooo,oo 70 the
enterprise without len.
VI. The grant Of land IL destibSd AZ an early
day 20 prove Of far greater market value than
the total Of the first mortgage bonds issuod
upon the road and equlpments.
VII. This road lies altogether among the gold
and silverprodueing regions. and IT, revenues
are received In coin.
VIII. The management Of this company has
been In tho highest degree prudent and frugal
and the whole surplus, after payment Ot erpcnss
and interest, IL devoted 20 construction purpe
ses.
TX. The interest liabilities Of the company
are even now less than third the net ssrHiDEs
upon the road pledged.
K Both Principal and Inierea are 1avab< 10
Old under special provisions Of both National
and state enactment
The bonds are in sums OF 1900 ea1h. with
seIni-snDuAl geld coupons attached, and are o.
fersd for sale a. % per cent Of their par value.
and accrued lAtsrest from Jan. ., ADDED, In cur
rency.
The hack interest /. CHARGED at siT per cent
In currency though repaid IN in' 10 1'Sa' n
thA time they yield nearly
yIyE PER CESr. UPON THE ISVEsT.
1EhI.
These bonds Nd fair 20 attain the most srOtn.
iDent position among the bOpTpecnlztiys In.
vesJments Of the country. and win b aEtively
DEALT In At The msnsy-eeDtgos In Europe
Holders Of Government securities have an Oh
bortubity Of exchanging them for Central Pa
eife Bonds bearing an equal rate Of interest
with the principal we'll secured. and Of
REALIZING PROFIT OF TEN TO YIY.
TEEN PER CENT. IN ADDITION
Orders sent with the funds throsEh rsspeess'
be Banks or Express Companies VIII reeve
prompt attention. Bobds sspt BY retarn *
pres TO any addrsss In tho United oeetss ~
our cost Information. DesofpsiSe penpnn.
Nans &c, furnished on spplie.tiSA ~ tss oIcs
Of be Railroad Company NO "hia~
street. and Of
FISK a HATCH,
p.rl.-. nd Dealers in Government Securities