The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-09

pAcfFre RAILROAD.
|
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
The attention of Investors, II stees, Execu.
tors, and others desiring unuG ially safe, re-
liable and profitable form of permanent invest.
L. a. L. A,-ap go "A
Of the
Central Pacific Railroad First
Mortgage Bonds.
II is commonly known that the General Gov.
eminent, for wise purposes, has given Its aid
and encouragement 10 the construction OF one
MAIN THROUGH LINE or RILRoAD from the Pa.
cifc Ocean across the Territories 70 connect
with the various Eastern branshes Of the Pa
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE to tue Far West,
upon which the mighty trans-continental traffic
! will concentrate.
The CENTRAL PACIFIC RAILROAD
! COMPANY-who RrS carrying IL forward with
! greater energy and persistence than was ever
shown In any siV,ilar 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 as 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 IL 500 acres of the public lands
per mile, contiguous 20 this line, and an appro-
! priatiOn from the National credit OF SIXTY MIL.
! LIONS in q PER CENT. BoNDs delivered rs 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 cSntage Of their net earn.
ings; they therefore, consulate an element OF
great strength 10 the corporations.
The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
| Bonds of corresponding denominations, tchioA
shall be the first claim upon the IrhOS railroad prop.
erty aud 10 iohich The lien Of the Government shall
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 SENfNAIioNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
| though its management Is administered nth al
he care and foretkOught Of ths most Eminent pirate
corporations. Being undor the constant super
viDion of the GOvernment-whO being the pr1n'
4 ii, n a N.
| gent lien-with 20 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 conh.
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 c0nverging branches be-
| tween the Missouri River end 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 Line from the steamboat navigation OF the
Pacific to 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 1870
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIc RAILROAD IL the remarkably
large and profitable Local Business which Is de-
velOped upon the completed portion, more than
iustifying the estimates Of It's pI0jectOrs-that
the immense traffic between the ports Of Cali
fOrnia and the mining regions Of the int or
would sustain q frst-Class railroad line, even II
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 win be doubled
during the coming season, when the entire
mountaiR transit Is made by the locomotive.
With every extension Of the track the business
and profits Of the completed part are increased
30 that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will bo without
parallel, and its securities appreciated cores
pOndingly. Tho CENTRAL PACIrc RAlLReAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit 20 1nyestOrB TIE
Following, among other obvious considera-
and eXcellencies Of any class OF Corporate -.
ourities'
/. These Bends are based upon the most vital
and valuable part of the Grand National Pacific
Railroad. soon 10 become the main channel Of
communication on the continent.
II. The local settlement and business Their 9.
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 carrie d
forward over the Salt Lake Plains.
| Nv. The greatest part Of the means necessary
| to build the road Is PROVIDED by the U. 8. Gov.
eminent npon n subordinate lien.
| V. The State and chief cities Of California
have contributed upward Of SOOo,0O 10 the
enterprise without lien.
VI. The grant Of land il destined at an early
! day to prove Of far greater market value than
i the total OF the arst mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions aud its revenues
are received in coin.