The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-26
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin,

The attention:o of Investors, Tt stees, Execu.
tors, and Others desiring an unut tally safe, re-
liable and profitable form Of permanent invest.
ment, is called to the advantages aud assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
1t is commonly known that the General Gov
ernmuut for wise purposes, has given its aid
and announcement TO the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Ia.
cite Ocean across the Territories 10 connect
with the various Eastern Branshes of the Pa
citiC Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty traRs'continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-Ngho are carry ing IL forward with
gre ter energy and persistence than was ever
shown IL any sir'ilar work ia aasient or modern
times-will Uui'i, equip, own and control the
Western Half of this Through Liue the most
productive, favored, aud valuable portion OF the
whole anu may Justly beregarded rs possessing
the richest franchise ever granted ON this CONT
nent.
The Act Of Congress conters upou the Corpo
4. o -
ri ores glft Of ~ 5UU acres o tho p"hl Lands
Der mile contiguous to this line, and 81 appro.
pIiation from the National Cre.it OF Sixty NIL
LIONS in 6 FER CENT. kONiS, de ivercd a. the
work progresses; OF half the estimated cost at
the through Liue and Bran, his. lheso SUIT
sidy bonds the company may cancel IN ecu 80
of years by the lranspor alton services OF The
Roais and small per centage of their net arr
ings; they. therefore, constitate AN element 81
great strength TO the corporations.
The Act further authorizes them 10 issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, irhIeh
shall be the first claim upon the ichOic railroad prop.
eTty and 10 IChieh the hen Of the Government shall
be subordinate, as a means OF more readily secur'
ing the remaining half Of the capital for the con
stiuctiOn; the equipments, &c being provided
out of the capital stock subscriptions and other
sources
The great CENTRAL PACIFIC RAILROAD is there
fore In an important sense, a SHENANDOAH
WORK aided and commended by the people, the
legislative pow er, and the Executive officers,
thou gh its management il administered uLh dd
tic care and t0TethOugh Of The most eminent pirate
corporations. Being under the constant super
vision Of the GOvernment-who, being the prin'
cipal creditor. accepts subordinate and contin.
gent lien-With so large an amount of addition
al capital also invested In the property pledged
IL is believed that no securities now offered IN
tho market possess the sane claims % conn
dence 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 1900 miles
OF the Main Line and cenverging Branches he
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
wears The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific to the summit of thS Sierra Nevada, aud
into the Great Salt Lake Basin east Of the Cali
| fOrnia line. Having overcome by far the mos'
difficult and expensive portion Of tho 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 the
CENTRAL Pacific RAILROAD il the remarkably
large and profitable Local Business which il de-
velOpcd upOH the completed portion, more than
iustifying the estimates of its pIOjectOrs-that
the immense traffic between the ports of Cali
fornia and the mining regions Of the into or
would sustain n frst-class railroad line, even u
the overland connections were not built The
net profit upon operating tie link OF less than
one hundred miles, thus lar reaches nearly two
millions in gold; and this ratio will be doubled
4 H.. rhAD ha anti Ira
mountaia transit Ia made by the locomotive.
With every extension of the track, the business
and profits Of the completed part are increased;
80 that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen.
eral prosperity of the company will be without
parallel, and its securities appreciated CORES.
pondingly. The CENTRAL PACIFIC RAlLRsAD
CoMPANT offer for sale theirFIhST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors TIE
Following, among other obvious cons!dera.
tons and invite the comparison with the merits
and excellencies Of any class OF Corporate Sc.
Gurities:
!. These Bonds 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.
II. The local settlement and business there
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road is now
built, and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". Tie greatest part Of the means necessary
10 build the road Il provided by the L. 5. Gov
eminent upon n subordinate lien.
v. The State and chief cities Of California
have contributed upward Of SJO0OOOO 70 tbs
enterprise without lien.
VI. The giant Of land il dsstiged at An carly
day 20 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 it, revenues
are received in coin.
VIII. The management or this company has
| been in the highest degree prudent and frugal
and the whole surplus, after payment OF expense
! and interest, is devoted TO Construction purpO
Bes.
TX. The interest liabilities Of the company
are even now less than a third the net eArning'
upUn the road pledged.
| K Both Principal and InteTea are PAYABLE q
| Gold under special provisions Of both NatioBa
/ and state enactment.
The bonds are In sums OF 1900 each. with
| semi-aunual gold coupons attached, and are Of
fsred Tor sale AZ IS per cent Of their par vaius
and accrued interest from Jan. !, aided, In cur
rency.
The back interest Il charged az six per cent
/ in currency, though repaid in full Ia geld. a
this time they yield nearly