The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-17
Central Pacific Railroad First
MOrts age Bonds.

Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that tie General G. v
eminent for wise purposes, has given its aid
and encouragement to the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa
citc Ocean across the Territories 70 connect
with the various Eastern branshes of the Pa
chic Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty trans.continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any sivilar work in ancient or modern
times-wil bui,a, equip. own and coutrsl the
western Hall OF this Through Limo. the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded n possessing
the richest franchise ever granted on this conti.
nent.
The Act Of Congress confers upon the Corpo-
rations, besides the right Of way across the Ter.
EllortcS XIII VI L. GU ACTbs OF tho puDllC lands
per mile, contiguous 10 this line, and en- appro.
piation from the National crelit Of SIXTY MIL.
LIONS in FER CENT. BONDS, delivered as the
work progresses; or half the estimated cost OF
the Through Line and Branches These Sub
sidy bonds the company may cancel In q ceurse
Of years by the transportation services of the
Roads, and small per centsge 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
Bonds Of corresponding denominations, trAich
SHAH be the first claim, upon he tohols railroad prop
erty and % ichch The hen Of The Government ShdH
be subordinate, as 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 RAnIoAD is there
fore in an important sense, q NATIONAL
WORK, aided and commended by the people. the
Legislative power, and the Executive officers,
though its management Is administered nth al
The care and JoyethOaJh Of The most eminent pirate
corporations. Being under the constant super
yiGion Of the Government-whO. being the prin'
cipal creditor, accepts subordinate and cOntin.
gent lien-with 80 large an amount Of addition.
al capital also invested in the property pledged
u
the market possess the sane claims TO conf.
dence and market value, except those Of the
Government.
Under these favoring auspices very grati[ying
progress has been mads in extending the railroad
track from both directiOns.' Nearly 1000 miles
of the Main Line and converging Branches DO
tween the Missouri River and the base Of III
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 70 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 the Eastern lines being effected in lsIC
amount almost TO certainty.
The prominent feature In the progress Of tn,
CENTRAL PA IFIc RAILROAD Is the remarkably
large and profitable Local Business which il de
yslSped 1pes the completed portion, moro than
the immense traffic between the ports of Cali
fornia and tho mining regions of the iut,I OF
would sustain 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 will be doubled
during the coming season, when the entire
mountaiH transit Is made by tho 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
eral prosperity of the company will be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL Pacific RAILROAD
CoMPANT offer for sale theirFIkST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BON D. S, and submit to Investors TIE
following among other obvious con-idera.
tons; and invite the comparison with the merits
and eXcellencies of any class Of Corporate sc.
eurities:
]. These Bends are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad, soon TO become the main channel OF
communication on the continent.
III. The local settlement and bushes. Their .
from IL remarkably large and profitable, an
must constantly increase.
III The hardest part Of the road Ia now
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
~. The greatest part Of the means necessary
10 build the road 10 provided by the Z. & Gov
eminent upon 4 subor dinate hen.
v. The State and chief cities OF California
have contributed upward Of s3,oOO.OO1 10 the
enterprise without Hen.
VI The grant Of land Ia destined at an early
day to prove Of far greater market value than
the total Of the first mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silver producing regions, and Its revenues
are received In coin.
VIII. The management Of this company haI
been in the highest degree prudent and frugal
and the whole surplus, after payment Of expense
and interest IL devoted TO construction purps
ses.
TX. The interest liabilities Of the company
arc even now less than third the net earHipg q
upon the road pledged.
x. Both Principal and Tnt<rest arc pdydb< 10
God, under special provisions Of both Naf.ona
and State enactment.
emi-annual gold coupons attached, and are Of
fered for sale az 95 per cent OF their par value
and accrued interest from Jan. /, aAaed. In cur
rency.
The back interest Ia charged at six per cent
in currency, though repaid In full In gold. "A
this time they yield nearly
VINE PER CENT UPON THE INVEST
NEg7
! Tbese bonds BID fair to attain the most PROM
inent position among the Don~beeulativs in
yestnents Of the country, and vii be AHtivel,
dealt IN At the msney-ceptres in Europe.
Holden Of Govenmeot securities have az Op
portunity Of exchanging them for Central p
cite Bonds bearing an eqpAl rate Of interest
with The principal ven secured and ef
REALIZING A PROFIT or ZEN TO YIJ