The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-02
Al PACIFIC RAILHnAn

GRAND TRUNK ROUTE TO tine Far West
upon which the mighty traGS'cOnt.nental traiAc
Will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying it forward with
greater energy and persistence than was ever
shown ia any sipilar work in ancient or modern
times-will buili, equip, own and control the
Western Half of this Through Line the most
productive. favored and valuable portion OF tho
whole, and may Justly be regarded rs possessing
the richest franchise ever granted on this CONT
uent.
The Act Of Congress confers upon the Corpo.
rationS, besides the right of way across the Ter
ritcrios gift of L. sOU acres OF the public lands
per mile, contiguous TO this line, and IN appro.
priatiOn from the National credit Of SIXTY MI.
LIONS in d FER CENT. BoSns, delivered as the
work progresses or haltthe estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in course
of years by tue Transportation services of the
ingS they therefore, cOnstltste an element OF
great strength 10 the corporations.
The Act further authorizes thom 10 issue an
equal amount of their own First Mortgage
Bonds Of corresponding denominations rhirh
shall BE- The drs' claim upon The rh0lC rdIrodd prop
crty aud 10 tchich tic lien Of the Government shall
bc subordinate, rs a means of more readily ScCur
ing the remaining half of the capital for the con.
structiOn; the equipments &c, being provided
ont Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD is there
fore, in an important sense, SEMI NATIONAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management is administered ittG al
he I4FgfIDTIyIf o. M ITTTIfF
corporations. Being under the constant super
vision of the GOvernmrnt-who being the pTiu
Cipal creditor, accepts subordinate and Coutin
gent lien-with ~ large an amount Of addition
nj capital also invested in the property pledged
il is believed that 10 securities now offered IL
thc market possess the sane claims 10 conf!
dencc and market value, except those Of the
Government
Under these layoring auspices very gratifying
progress las been made in extending the railroad
track from both directions Nearly 1000 miles
oi the Main Line and convcrCinc branches be-.
tween the Missouri River and tho base Oi the
Rocky Mountains have been built within If'uc
wears. The CENTRAL Pacific RAILROAD has
also ste.IIry and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific to the summit of the Sierra Nevada. aud
into the Great Salt Lake Basin east OF the Cali.
furnia line. Having overcome 10y far thc most
difficult and expensive portion of the whole
line the probabilities of the through connection
with tho Eastern lines being effected in $50
amount almost to certainty.
The prominent feature in the progress of tho
CENTRAL PA IFIC RAILROAD IL the remarkably
lar rye and profitable Local business which IL do
welcomed utIOn the completed portion, more than
iu-tifying the estimates of IL pIoiec,ors-that
the immense tratiic between the ports OF Cali
iornIa and the mining regions al TIA" iUt'I ~
would sustain iiTst.Class railroad line, oxen II
the overland connections were not built. Tie
net profit upon operating the link Of lcss than
one hundred miles. thus lar, t"iSheS nearly twn
millions in gold. and this ratio Will be doubled
during the coming season, when the entire
mOuntaiR transit Is made by the locomotive
With every extension of the track, ia" business
and profits Of the completed part are increased
20 that when tho overland through traffic shall
be conferred upon the CENTRAL ROAD, tho gen
eral prosperity of the company will be with0u,
parallel, and its securities appreciated CORES
pondingiy. Tho CENTRAL PACIFIC RALReAr
COMPANY offer for sale tAcirFllIST MORTGAGE
THTRTY.YEAR SIX PER CENT. GOLD
BON DS, and submit 10 Investors thc
following, among other obvious c0nsidera.
tions; and invite the comparison with the merits
and cXcellcncies of any class Of Corporate 81
curities'
!. These Bond. are based upon the most vita
anu VALUABLE Iatt Oh lls bihlih NallbiAl
Railroad. soon to become the main channel Of
communication on the continent
H. The local settlement and business Their c
from is remarkably large and pryitlblc, Gnt
must constantly increase.
! III. The hardest part Of the road IA now
built. and the remainder will be- rapidly carrie
. ipryy.Lti over the salt Lake Plains.
". The greatest part OF the means necessary
/ IN build the road l. provided by the I. ). GOV
! eminent upon n subordinate lien.
V. The State and chief cities Of California
have contributed upward ~ S3uC0FG Ia th'
enterprise without lien.
VI. The grant Of Land is dcstiaed at an carly
day 10 prove If far greater market valne than
the total Of the frat mortgage bond. issue'
! upon the ROAD and equipments.
/ VII. This road lies altogether among N" gold
/ and silyer.prodUciBg giOus, and ii' rcycnusI
| are received in coin.
J VIII. The management Of Iii, company ia
/ been in the highest degree pTuGlnt and frugal
! ard the whole surplus after payment Of eTpens
and interest Is devoted to construction purpo
I ses.
! TX. This interest liabilities Of the oompan,
are even now Jess than a third the net earning
upon the road pledged
Y. Both PrinayaI and Tntercat are Psyalk Il
Gold under special pTOE.sI0Hs o. b"tH Nat.Vb'
ami State enactment
The bonds are In sums Of iI0JJ each, wit
semi annual gold coupons attached, and are Of
fered for sale at - per cent. o. tAslT par value
and accrued interest from Jan. ], aided. IN cur
rency.
The hack interest il charged AZ ak Urr cen
10 currency. though repaid in foil in 9CLf. u
this time they yield nearly
NINE PEI CEy7. rPOS TIE EYES
HEET.
These bonds bd fair 10 attain the mus, 2fDn
inent position among the non-specHlsiiye II
Investments % the country, and viii be sStivsl
deslt In az the B~ary centres IN EuTOp-.
Holders of Government secuT!iIes haze 4B 81
portality Of exchanging them FOR Central 7
ciGc Ponds barring An equal rate 81 iEt@f,.
with the priqeIpal vsll -sCnuad and %
IREALIzIgG A PROFIT Of 7EE TO III
TEEN PEE CgET. ~ ADHITio*
Or,ery ssI.t with the funds through TespOnl,
La. Bsuls OF ExpIess COIp4nt's S!l ieceLs
r-o-,,r,, attention. Ponds s.ut ~ return y
-. 20 INV address IN the United states,
On co~t Inf0rprati0n. Descriptive pamphlet
NJ. &c, iuTLlsl.sd on Application 81 The Glh'
OF lie R2lirosd Company, No. = Wjlhai
street, and Of
FISK a HATCH.
, Bankers and Dealers In Government seeufii''
and Financial Agents Of the Z. + X Y. 70.
taa4 No. Nassau street, New York