The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-13

clnc ocean across the territories 10 connect
with the various Eastern branshes of the Pa.
cifc Railroad system, and which win form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty traRscontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying IL forward with
greater energy and persistence than was ever
shown in any sipNilar work in ancient or modern
times-will bhi'l, 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 conCcrs upon the Corpo-
ratons. besides the right OF way across the Ter
ritories gift Of - 500 acres OF the public lands
per mile, contiguous to this line and cn appro-
priation from the National credit Of sixty MIL
LIONS in 6 PER CENT. BONDS, delivered As the
work progresses; or half tho estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q csurse
of years by the Transportation services Of the
Roads. and q small per centage of their net earn
ings; they, therefore, consulate an element Of
great strength 10 the corporations.
The Act further authorizes them 20 issue an
equal amount of their own First Mortgage
shall be the first claim upon he ichote railroad prop.
erty and % tchieh the lien Of The Government shdu
be subordinate, as q 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 PACIFIs RAILROAD is there
fore, in an important sense, a SENl'NAuoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management Is administered nth all
the care and oreOtight Of hs most eminent pirate
corporations. Being under the constant super
vision of the GOvernment-who being tho prin.
cipal creditor accepts subordinate aud cOntin
gent lien-with 40 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 san Q claims 81 conh
drnce 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 convcrgiug branches be-
tween the Missouri River end 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 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 Call.
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 elected in 1910
amount almost 10 certainty.
The prominent feature IN the progress Of tn,
CENTRAL PA IFIc RAILROAD Is the remarkably
large and profitable Local Business which Ii do
veloped upon the completed portion, more than
Iustifying the estimates Of It's pIojectOrs-tbat
the immense traffic between the ports Of Cali
iornia and the mining regions Of the int OF
would sustain brstClnss railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus lar, rcashes nearly two
millions in gold; and this ratio will be doubled
during the coming season when tho entire
mountain transit Is made by the locomotive.
With every extension Of the track, the business
and profits of the completed part are increased
so that when the overland through traffic shall
be cente-ed upon the CENTRAL ROAD. the gen
eral prosperity Of tho company will be without
parallel, and its securities appreciated cOrreA
pondingly. The CENTRAL PACIPIc RuLRsAT
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
BIO IS, and submit 20 Investors tie
following, among other obvious considers
and eIcellencies Of any class OF Corporate 80
Gurities;
]. These Bonds are based upon tho most vita
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel o.
communication on the continent.
III. The local settlement and business thor g
! from IL remarkably large and profitable an
must constantly increase.
| III. The hardest part Of the road Ia nov
built, and the remainder will be rapidly carrie
| forward over the Salt Lake Plains.
| n build the road IL provided by the L. ). Gov
ernment upon a subordinate lien.
v. The State and chief cities Of California
! have contributed upward Of sJ,mJ,0O 10 thu
enterprise without lien.
VI. The grant Of land Il destined at an early
day 10 prove Of far greater market yaine thar
the total Of the fret mortgage bonds issue'
upon the road and equipments.
and silver. producing regions, and its revenue
are received 10 COIN.
Il.
been In the highest degree prudent and fruga
and the whole Surplus after payment Of eIpens
and interest, 10 devoted TO construction purp'
Sea.
TX. The interest liabilities Of the eompan
are even now less than third the nee earning
upvn the road pledged
X. Both Principal and THtT,h are payatb
god, under special provisions Of both Sationi
| and state enactment
The bonds are In sums Of 1900 each, wit
semi annual gold coupons attached, and are
| fered for sale at 95 per cent Of their par Taju
and accrued interest from JAM, adAed' 10 GU
reDcy.
The hark interest IL charged At air per cen
in currency. though repaid In full In god. A
this time they yield nearly
NINE PER CENT. UPoy THE IyVES
NEST.
Thess bondskd fair 10 attain the most pro-
inent position among the nOpsyeculstive
ves;merts Of the country. and WIN be sstive
dealt IN st the msBey centres In Europe.
Holders Of Government securities have AZ 2
portuBity Of exchanging them for Contra
eiae Bonds bearing an equal rate % iHtsfc'
with the principal wei secured, and Of
REALIZING A PROFIT OF TEN 70 VI
TEEN PER oEyr IN ADDITION.
o,dsr, .4pt with the funds through respon
lie Rsuks o. Express Companies viii rees.
,ro-npt zftentiOn- Bonds ant By rcturn i
go 20 asy address In the United states,
pr oost Information. Descriptive p&Dpbls
Nans. &c, farBlsbed on application 40 The 81
Of The Railroad Company. No - WIFI
street and Of
FISK a. HATCH,
m Yaukers and Dealers In Govsrnnsnt seeurit
ana financial Agsnte Of the z. p X X. "a
q r.suw1s sfraes Earr Vnrt