The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-10-21
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov.
eminent for wise purposes, has given It's aid
and encouragement 20 the construction Of one
MAIN THROUGH LINZ or RAILROAD from the Pa
| cine Ocean across the Territories 20 connect
with the various Eastern branches Of the Pa
enc Railroad system, and which viii form the
GRAND TRUNK ROUTE 20 the Ear West,
upon which the mighty traRs-oontinental traaic
viii concentrate.
Tho CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying Il forward with
greater energy and persistence than was ever
shown il any siV'ilar work in ancient or modern
times-will buiin, equip, own and control tho
Western Half OF this Through Line. tho 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 oonfera upon the Corpo-
rations, besides the right Of way across tho Ter.
rtories gift of ~ 500 acres OF the public lAnds
per mile, contiguous ts this line, and an Appro-
priation from the National credit OF sixty NIL.
LIONS in PR CENT. BONDS, delivered AZ the
work progresses; or half tho estimated cost O,
the Through Line and Branches. These Sub
| sidy bonds the company may cancel In q course
| of years by the transportation services Of tho
| Hutusi anu ~ Ctntakc ol lnclE not earn
ings; they, therefore, oonstitste an element OF
great strength 10 the corporations.
| The Act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations uAicA
shall BE- the fret claim upon he ichOS rdilrodd prop
erty aud 10 lphieh the hen Of ths Government sASH
be subordinate, q means Of more readily sccur.
ing the remaining half of the capital for the oor
struction; the equipments, &C, being provided
out of the capital stock subscriptions and other
sources-
Tho great CENTRAL PAciPIe RAILRoAD Ia thoro-
| fore, In an important sense, a SEMr NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executive officers,
though Its management IL administered Wih al
the care aud JorehOtgM Of the most eminent pirate
corporations. Being under the constant super
vinion Of the Governmcnt-who, being tho prin'
cipal creditor, accepts q subordinate aud oontin
| gent len-with 40 large an amount of addition
al capital also invested In the property pledged,
IL Is believed that no securities now offered IN
| the market possess the sane claims 10 conf
dence and market velue, except those OF the
Government
Under these favoring auspices very gratifying
progress has been made In extending tho railroad
| track from both directions. Nearly 1000 miles
| of the Main Line and converging Branches 10
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
years The CENTRAL PACIFIC RAILROAD has
also steadIiy and successfully carried the Main
Stem Line from the steamboat navigation OF tho
Pacific 20 the summit Of tho Sierra Nevada, and
into the Great Salt Lake Basin east Of tho 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 1870
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL PA IFC RAILROAD In the remark ably
large and profitable Local business which IL do
velOped upon the completed portion, moro than
justffying the estimates Of IL pToiectors-that
the Immense traffic between the ports Of Cali
fornia and the mining regions of tho inter or
| would sustain irstClass railroad line, sven IA
| the overland connections were not buiit The
net profit upon operating the link OF less than
ono hundred miles, thus far reaches nearly two
| millions In gold; and this ratio will DO doubled
during the coming season, when tho entire
mOuntaiR transit Is made by tho locomotive.
With every extension Of the track, the business
and profits Of the cOmpleted part are increased;
30 that when tho overland through traffic shall
| be conferred upon the CENTRAL RoAD, the gun.
| oral prosperity Of tho company win be without
parallel. and its securities appreciated cofrcH-
pOndingly. Tho CENTRAL PACIFIC RAILRsAD
COMPANY offer for sale thoirFIkST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit 10 Investor. tho
following, among other obvious c0nsidsra
TONS and invite the comparison with the merits
and eIcellenCios Of any class OF Corporate ~.
0urites:
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.
H. The local settlement aud business there
! from il remarkably large and profitable, and
must constantly increase.
III. The hardest part Of tho road IL now
built, and the remainder viii be- rapidly carried
forward ever tho Salt Lake Plains.
| ". The greatest part Of the means necessary
IN build the road il provided By the U. :. Gov.
eminent upon n subordinate Hen.
V. The State aud chief cities Of California
have contributed upward Of tJ,OO0,OOO 20 the
enterprise without lien.
VI. Tho grant Of land il dostIEOd at an early
day b 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
aud silver. producing regions, and ia revenues
| aft TeSt4Ftl ~ SbiHs
| VIII The management Of this company has
/ been In the highest degree prudent and frugal,
and the whole surplus after payment 81 expense
and interest, IL devoted 10 construction purps.
zee.
| TX. The interest liabilities Of the company
are even now less than . third tke net earnings
upon the road pledged.
| K Both Principal and InieTeR are payaJk n
God, under special provisions Of both National
and STATE enactment.
The bonds are In sums OF 1900 each, with
ssmi-anuuA gold coupons attached, and are Of
fersd for sale al Is per cent Of their par Vaps.
and accrued interest from Jan. !. sdaed, In cur
II rency.
The back interest Ia charged ss siI per cent
In currency though repaid ID i1H ~ WV
this time they yield Nearly
NINE PER OEST. UPON THE INVEST
XEYE
! These bonds I'D fair 10 attain the most PROM
lnent position among the boaspseulativs In.
! vestmenis Of the country and VIII Be aAtivsly
/ dealt in AZ the msnsy-oeDtrss In Europe.
| Holders Of Government securities have an on.
pOrtunity Of exchanging them for Central Pa
eihc Bonds bearing an equal rate Of interest,
| with the pTinapJ well secured, and Of
REALIZING A PROFIT or TEN TO YIY.
TEEN PER CENT. IN ADDIT7oS.
\ Orders sent with the funds through responss-
bic Banks OF Express Companies win receive
prompt attention. Bonds ssnt BY return ~
press 70 any address In the United 5tstesi -
- 60. Tvfovrraffon DescrfDtfve p1mpnlct~S