The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-28
Central Pacific Railroad First
Mortgage Bonds.

It Is commonly known that the General Gov
eminent, for wise purposes, has given Its AID
and encouragement TO the construction Of one
| MAIN THROUGH LINE Oh RAILROAD from the Pa
cihc Ocean across the Territories 10 eonuec,
with the various Eastern Branshes Of the Pa
cifc Railroad system, and which win form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying 10 forward with
greater energy and persistence than was ever
shown In any similar work In ancient or modern
times-will bui.n 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 rs possessing
the richest franchise ever granted ON this CONT
nent.
The Act OF Congress confers upon the Corpo-
rations, besides the right Of way across the Ter.
ritories gift of IL 800 acres Of tho public lands
per mile, contiguous 10 this line, aud sn appro-
priation from the National credit Of sixty MIL.
LIONS in FER eRST. RoNDs, 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 course
Of years by tho Transportation services of the
Roads, and small per csntage Of their net earn
ings; they, therefore, constitute an element OF
great strength 10 the corporations.
Tho Act further authorizes them 10 issue an
equal amount OF their own First Mortgage
Bonds of corresponding denominations, tcAieh
shall BE- tie first eldiB, upon he nkois raiirodd prop
erty and 20 Iohieh dc lien Of the Government ShaQ
Be subordinate, as means OF more readily secur.
ing the remaining half OF the capital for the con
a. a. l Hal
out OF the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD in there
FORE In an important sense, q SEM NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executive officers
though its management Is adBainistSrod IriH all
he care and Joretioughf Of ks most ei1ineat prpaie
corporations Being ander the constant super
viBiOn of the Govemmcnt-who being the prin
cipal creditor, accepts subordinate and cnntin
gent lien-with 80 largo an amount OF addition
al capital also invested in the property pledged
IL Is believed that no securities now offered in
the market possess tho sane claims 10 conf
denee 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 i0UD miles
tween the Missouri River and the base of the
Rocky Mountains have been built within three
years. Tho CENTRAL Pacific RAILEOAD has
also steadny and successfully carried tho Main
Stem Limo from the steamboat navigation OF the
Pacific ~ the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Cali.
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, tho probabilities Of the through connection
with the Eastern lines being effected in lSio
amOunt almost 10 certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIc RAILROAD Is the remarkably
large and profitable Local Business which Ii de-.
iustifyinE the estimates Of rs piojectoPsetn
the Immense traffic between tho ports Of Cali.
forniA and the mining regions Of the ini,i or
would sustain n 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, TINS far reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mOuntaia transit II 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 conferred upon the CENTRAL Roam, the gen.
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES.
pOndingly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale thelrFIkST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
Boz DIS, and submit 70 Investors tie
following, among other obvious oonsidera-
tiOns; and invite the comparison with the merits
and eKcellencies OF any slass OF Corporate Sc.
eurities:
J. These Bonds are based upsn the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel oi
com mn nicatiOn the continent.
II. The local settlement and business ther o
from Is remarkably large and profitable, an
must constantly increase.
III. Tho hardest part Of the road is now
built, and the remainder win be rapidly carrie {
| forward ever the Salt Lake Plains.
Nv. The greatest part Of the means necessary
| 10 build the road Is provided by the y. 5. Gov
eminent upon 4 snbOr dinate lien.
V. The State and chief cities Of Callrornis
have contributed upward OF t5OOOOO TO Tho
| enterprise without lien.
VI. The grant Of land Is destined At an early
day % 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.
W.T., ~. ,....r,,..,, y, ,h,. .o,,r.,v IN
| VII LII 49,. SAs,ra. n-s,ds,,, "a &C.,
Oeen ~ tns ~ pa.,os,,, =, 80
anu tos - dIna,sd 80 Sy~2strnc,ior ,,,,,T,a
anu ii'e'''s ." ~ pF
Ses'
|
| TX The interest liabilities Of the eompan,
and state enactment
fsred Tor sale ut ~ per cent Of their par yaIu,
and accrued interest from Jan. J. AIDED In eu'
repey.
IT.. h,cL i,,erea. IA charged NJ SIX per cen
tns - tba1gb rsDzid In full in god. A
,bia ,ime tley Weld nearly
,,p ory, Upoy THE ,yvyr