The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-01-27
Central Pacific Railroad Firu
Mortgage Bonds.

II il commonly known that the GeaenlG.,
eTnmsnt, for wise purposes, has given ia a.
and encouragement to the construction az A.,
MAIN THROUGH LINE OF RAILROAD fTvn N, D
citc Ocean across the Territories 10 CON-
With the various Eastern hTar.h,s Of ten
rirc Raj road system, and Which vii fCEu,
GRAND TRUNK RoUfk To the Far w.,
upon which the mighty trans-c'ntinentAl tr.s,
will concentrate.
The CENTRAL PACIFIC RAllR0ln
COMPANI--who arr osrTyin II fIiwaS vn
gre ter energy and persistence than Vas ~,
shown in any similar VOL K In ancient or lacl,,,
tunes-will build, equip. own and eoEttu "A,
western Half Of this Through Line, The rs
productive, favored and valuable portion OFT,
" hole and may justly be regarded A. posS,at,
the richest franchise ever granted On hi, cO1t
nent
The Act OF Congress confers upon the Con-
rations besides the right Of WAY acTuss the lie,
ritorirS, a gift of Il. S0O acres o. the psblc la,
per mile. COZ tiguous 20 this line, aud ~ syE.
pTiation from the National crecit Of SIAN b..
LIONS in 6 TER cENr. hoNps, delivered a. L,
work progresses; or hail the estimated cost 4
the through Liue ard Branches lhcsc Sys
sidy bonds the compsny may cancel In oosn.
of Years BY the Transportation services Oilk
Roads. and small per centage Of their u,, ar,
inrs. they, therefore, constitute AL elenis (
great strength TO the corporations.
The Act further authorizes them 10 Issue
equal amount Of their own First hougig
Bonds of corresponding denominations, IA
shall Be The frst oldim uPVn nc "hof rdHToddFf
,rtv. aad % lrhieh The tSa ~ The GorS1'mta ~
BE- StibordindtS, as means OF more readily seoa
ing the remaining half OF the capital for the e.
stTuctiOn; the oquipm-nts, sc being prUvi1S
out of the capital stock subscriptions aud Ssg
sources.
The great CENTRAL PACIFIC RAILROAD isihg,
fore, In an Important sense, - sENTNAtoM
WonK, aided and commented By tie people u
Legislative power, and tue EtrcnuNe Hrstn
| though it, management IL administered Uia
ne care aud Ioreth0uJM " ne most ciaIafhiPr iu,
corporations. Being under the constant sep,
| yisim of the Goyernment-who, being the W.
cipal creditor, accepts subordinate and eorta
gent lien with ~ large an amount VI additss
Al capital also invested In the property p're7S
| IL IL believed that no securities nov ourTrd
the market poSsess the san . claims 10 o'ss
dence and market value, except th0'e 9: N
| Government.
=
nrogr.Hs has been made in oXtonling The raIrss
| track Trom both dirrctions Nearly lUo1 nli
| OF the Main Linz aud cOnyerglug l'ranchns
! tween the Missouri River and the base d ~
| Rocky Mountains have bceu built Hiihia lsr
years. The CENTRAL PACIFIC hAi.Aop -
! alsp steadily and successfully carried the VA
| stem inc from the steamboat navigation I'm
Pacific TO the summit Of the Sierra Ney1h ~
| into tho Great Sali Lake BASIN east ol ihsl.
furnla line. Having overcome by iar the on
' dihicult and expensive portion OF The Sps'
line, the probabilities Of the through conheeA
with the Eastern lines being effected u "
amount almost 90 certainty.
The prominent feature In the progress tA
CENTRAL Pacific RAILROAD j. the Tcmafisl
lai ee aud profitable Local Business which 80
yeiopcd upon the completed portion, morr iNi
iustif, in the estimates OF ia piujrctdt-ls
the immense traiiio betw' en- the p'rts dIa
fornia and the mining regions 81 the iht
would sustain q first class railroad ! ne, eva
the overland connections were not 11llh 10
net profit upon operating the INK OF lee, va
one hundred miles, thus lar, reaches beAil ~
IN illions in gold; and this ratio viii b. doaAt
during the coming season. when Tie ulh
mountaia transit IL made by the lOoDmo,H
With every extension u the track. 'he 5n''t's
aud profits Of the mplrted p'rt are inrf'is,
~ that when tho overland through irale'ts
be ceatercd upon the CESTRAL ROAD tbs 81
eral prosperity OF the company VIII DC VIM
parallel and It's securities appreciate ef-
pOndiBgly. The CENTRNL PAriHC kuLRI
CoNrANT Offer for sale thrirFihSI NOR IIApi
| THIRTY:YEAR six PR CENT GV9
NDS, and submit TO Investor -
following. among Other 6bvions ooS'le,p
! tons. and invite the comparison with i'ie u'r'
aud exc llencics Of any class Of COFpoi'&S
cunties;
T. These Bonds are based upsp the most va
and valuable part II the Grand kailoba Esas
Railroad. sOOn 10 become the main eusErHs
communication on the continent
III. The local settlement and basins, ts'
! from IL remarkably large and proaiiSs, -
must constantly increass.
III. The hardest part Of tho road
built. and the remainder will he rapidly earn"
fOTward over the Salt Lake Plains.
". The greatest part Of the mcsa. h,e'.'sl
! 20 build the road Il provided b. the I. . w
ornmsnt upon . subordinate lien.
V. The State aud chief cities Of CaLi".
have contributed upward Of S""o" y"
enterprise without lien.
VI. The grant Of land IL destised a. az -.
! day 10 prove Of Ear greater market 'aIas1
! the total Of the hrst mortgage pon9' ~"
upo0 the road and equipments.
VII This road lies altogether smors lS -
| and silyer.prDdneing Tegi0ns, and ia fs'''
are received 10 oOin.
| VIII. The management Of this oonpsy
| been In the highest degree prudent ana n..,
\ and the whole surplus AFTER paymen. Of eips,
and interest, IL devoted 70 eOnstraet's V~F
ses.
TX. The interest liabilities Of ihs Co.,
arr evea Aov IeAs than q thifd the pst ssf'1'
upsn the road pledged.
K. Both Principal and Int.rea ara piys'sS'.
GOld, under special provisions Of both NV
and State onsetmsn..
! Tho bonds ars In sums Of tloo sAfs.
semi.annual gold coupons attached 40 -
4 fered FOR sale ~ o. per cent Of usslfpH
and accrued interest froEa Jan. ], ad4s4'
rsEey.
The back interest Is charged a. ttI p, q.
In eifSTsney, though repaid 10 fan In -
this time they Yield nearly
SLYs PER CENT. UPoy TEE TTis
HggT.
These bonds bid fair % attain the nal
inent position among the n9a-psea11',, -
yestmenis Of the country. ana will b. 49,
dealt IN AZ The msney -eentns In Europ
Holders Of Government securities h1fs :,
pgrtanify Of exchanging thern for Cspus-
eide Bonds bearing al equal rate o. iA"
With the principal vel secured. and
REALIZING 4 PROFIT or rEJ 70 10
rEEy PER CENT nv ADDITION