The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-04
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t is commonly known that the General Gov.
ernmSnL for wise purposes, has given its aid
and encouragement TO the construction of one
MAIN THROUGH LINE or RAILROAD from the Pa
cifc Ocean across the Territories 10 connect
with the various Eastern branshes OF the Pa
cido Railroad system and which will form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty trans-continental traffic
will concentrate.
Tie CENTRAL PACIFIC RAILROAD
| CoMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any SIMILAR work in ancient or modern
timos-wil buila, 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 oonfors upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift of - 500 acres OF the public lands
per mile, contiguous 10 this line and an appro-
| priation from the National credit Of sixty MIL
LIONS in PER exNr: BONDS delivered rs the
work progresses; or half the estimated cost OF
| the Through Line and Branches. These Sub
| sidy bonds tho company may cancel in q course
Of years by the Transportation services Of the
Roads, and small per osniage Of their net earn.
ings; they, therefore, consulate an element Of
great strength 10 the corporations.
The Act further authorizes them 70 Issue IN
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, SrhieA
shall be The first claim upon he lnAoS railroad prop
srty and % trhieh The len Of the Government shall
/ h. sfIl0rliulfF n n of moro readily
ing the remaining half OF the capital for tho con
struction; the equipments, &C, being provided
out Of the capital stock subscriptions and othor
sources. .......
The great CENTRAL Pacific RAILROAD Ia there
fore In an important sense q EN.NAuoSAL
| WORK aided and commended by the people the
! Legislative power and the Executive officers
! though its management Ia ddministSrsd Hith al
he care aud Ioretfou0hf Of the most eminent pricats
corporations. Being under the constant supo<
viGion of the Government-who, being the prtn
/ cipal creditor, accepts subordinate and oontin
gent lien-,with so large an amount Of addition
al capital also invested In the property pledged
| IL il believed that 40 securities now offered In
| the market pOSsess tho sane claims TO conf
dencc and market vFlue except those Of tho
| Government.
Under these iavoring auspices very gratifying
progress has been made In extending the railroad
! track from both directions. Nearly 1000 miles
Of the Main Line and conyerging Branches 10
tween the Missouri River and the base Of tho
Rocky Mountains have been built within three
years. Tho CENTRAL PACIFIC RAILROAD has
also steadny and successfully carried tho Main
Stem Line from the steamboat navigation Of tho
| Pacific 10 the summit Of the Sierra Nevada and
into the Great Salt Lake Basin east Of tho Cali.
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 effected In 1870
amount almost 10 certainty.
The prominent feature in the progress Of tho
CRNTRAL PA IFlC RAILROAD IN the remarkably
large and profitable Local Business which In de-
yeloped upon the completed portion, moro than
iustifying the estimates OF ia ptojoctors-that
the immense traffic between the ports Of Cali
fOrnia and tho mining regions Of the int'' or
would sustain 4 hrstclass 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, reashes nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit IL made by the locomotive.
| With every extension Of the track. tho business
| and profits Of the completed part are increased,
| 40 that when the overland through traffic shah
be centered upon tho CENTRAL ROAD, the gos.
| eral prosperity Of the company will be without
parallel. and its securities appreciated CORES
| pOndingly. The CENTRAL Pacific RAILROAD
! COMPANY offer for sale thclrFIhST MORTGAGE
| THIRTY.YRAR SIX PR CENT. GOLD
BONDS, and submit 20 Investors tao
following, among other obvious oOnsidera-
tons; and invite the comparison with the merits
and eIcellencies Of any elass Of Corporate 80.
Guhties
| l. These Bonds 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
! IL The local settlement and business Tiers.
/ from Ia remarkably large and profitable, and
must constantly increase.
III The hardest part Of tho road IL now
built and the remainder will be- rapidly carried
forward ever the Salt Lake Plains.
". The greatest part Of the means neocssAry
20 build tho road j. provided by the L. T. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of tJ,DO0O 10 the
enterprise without lien.
! VI. The grant Of land IL destined at an early
day 10 prove Of far greater market value than
the total Of the arst mortgage bonds issued
upon the road and equipments.
VII This road lies aitOgethsr among the gold
and silver producing regions, and IL revenues
are received In coin.
VIII The Management 81 this company has
been In the highest degree prudent and frugal.
| and the whole surplus after payment 81 eIpsbss
and interest, IL devoted 20 construction purpe-
sss
TX. The intsres. liabilities Of the company
are even now le.s than third the net sarHinEs
upon the road pledged.
X. Both Principal and Int>reR are psyabt IN
God, under special proyisi0ns Of both National
and STATE enactment.
The bonds arc in sums Of 5000 each, With
semi annual gold coupons attached and are Of.
fersd for sale At 9j per cent Of their par TAue'
and accrued interest from Jan. J. Adaed' 10 cur
I reney.
The back interest IL charged At .iI per cent
In s, ~ though repaid In full In god.
this time they yield nearly
. y,yg PER OESE. UPOS THE LSVEsr
KEgT
These bonds lid fair 70 attain the most prom.
lnent position among the non sgseulAtiys In
vsstrnsnt- Of the country, and VIII be astvsly
dealt IN a. the msnsy &c stres In Europe.
HOldsrs Of GOysrnmsnt securities have an Op-
pOrt8Hity Of exchanging them for Central Pa
ci6c BOBds bearing 40 equal rate Of interest
with the principal vel secured, and Of
REALIZING A PROFIT or TEN TO m.
TEN PER CgST IN ADDITION.
Z Orders sent with the fund.- through respona-
bic Banks or EEpress Companies VIII recssvs
prompt attention. BOnds ssnt By return "a
press 70 any address In the United STATE -
our cost Information, Descriptive p.Mph@a
Map. &c, furnished on application A. t5e 9mes
~ tba Railroad COMPANY, NO. "hil2n