The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-17

II Is commonly known that ths General Gov
ernment for wise purposes. has given Its aid
and encouragement to the construction Of one
MAIN THROUGH LINZ OF RAILROAD from the Pa
CHIC Ocean across the Territories 90 connect
with the various Eastern Brsnshes OF the Pa
etno Ra4lroad system, and which win form the
GRAND TRUNK ROUTE % tho Far West.
upon which the mighty transcontinental traffic
will concentrate. E'UV ~
The CENTRAL PACIFIC RAILRoAD
COAPANY-who are carrying 10 forward with
greater energy and persistence than was ever
shown In any siRailar work in ancient or modern
western Half Of this fhrorsh Line the most Get
productive, favored, and valuable portion Of the
whole, and may justly be regarded a. possessing
tho richest franchise ever granted on This cont.
nent. '
The Act OF Congress confers upon the Corpc-
rations besides the right of way across tho Tor.
itories, gin OF IL 500 acres Of the public lands
per mile, contiguous o. this line, and an appro-
pration from the National credit Of SIXTY NIL
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel In Q course
Of years by the Transportation services Of the
Roads, and q small per osntage Of their net earn.
ings; they, therefore, constitats an element Of
great strength TO tho corporations, I'D.
Tho Act further authorizes them 70 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, tcAieA
shdA be The fTst claim upon ne ssAoe raiiroad prop
srty and 20 oAicA he Iisa u ia Government sAaR
ing the remaining half Of the capital for tho con
struction; tho equipments, 60, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PAcIFIe RAILROAD 10 there
fore, in an important sense, a SRhI NArioNAL
WORK, aided and commended by the people, tho
Legislative power, and tho Executive ofioes,
though its management is administered Usiih al
the and J0rethoLOh Of e most eminent p-ipdfs
corporations. Being under the constant super
vision Of the GOvernment-who, being the prin'
cipal creditor, accepts subordinate and eontin-
gent lien-with so large an amount OF addition.
al capital also invested In the property pledged,
IL Is beloved that no securities now offered In
the market possess the sane claims 70 conf
dsnce and market value, except those Of the
Government.
Undor these favoring 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 Do.
tween tho Missouri River and tho 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 10 tho summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east OF the Call
forDia line. Having overcome by far tho 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 10 certainty.
The prominent feature In the progress of tho
CESTRAL PA INC RAILROAD Is the remarkably
large and profitable Local Business which 10 do
velOped upon the completed portion, more than
justifying the estimates Of It's pToiectors-that
the immense traffic between the ports Of Cali RI
fornia and tho mining regions Of the intsi or
would sustain q hrst-class railroad line, even II
the overland connections were not built. The
net profit upon operating the link 81 less than
one hundred miles, thus far. reashos nearly tive
millions in gold and this ratio viii DO doubled
during the coming season, when the entire
mountaiR transit II made by the locomotive.
With every eXtenAiOn Of the track, the business
and profits Of the completed part are increased
40 that when the overland through traffic shah
be conferred upon tho CENTRAL ROAD. the gen,
eral prosperity Of the company will be without
parallel, and its securities appreciated corros
pondingly. The CENTRAL PACIFIC RAILReAD
COMPANY offer for sale thelrFIhsT MORTGAGE
Il
BONDS, and submit 10 Inyestors tho
following, among other obvious c0Dsidora
lions; and invite the comparison with tho merits
and eIcelloncies Of any olass Of Corporate SO
eurities:
]. These Bonds are based upon tho most vital
and valuable part Of the Grand National Paoibc
Railroad, soon 10 become the main channel u
communication on the continent
II. The local settlement and business there.
from IL remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built and the remainder win be rapidly carried
forward over the Salt Lake Plains.
" The greatest part Of the means necessary
10 build the road II provided by the U. y. Gov.
eminent upon q subordinate lien.
v. The State and chief cities Of California
have contributed upward Of tJ,0oO,OoO 10 the
enterprise without lien.
W. Tho grant Of Land IL destizsd At an early
day 70 prove Of far greater market value than
the total Of the first mortgage bonds issued
upon the road aud equipments.
VII. This road lies altogether among the gold
and silver producing regions. and il revenues
are received In coin.
VIII. The management OF this COMPANY has
oosh IN lne I IkiI I...-., "a 49,.
Ana ths Hn.'1 sa Ipa,1 - p...ras,t~,. -,
Ann iD's'e''' I" o''"''' " p~p
-
TX. The latsrss. HAbilltls. q the company
upon the f"~n p'''E'o
and sssa st sass sn sesI p'''"' o. '"'
semiannuAl gold coupons attaohSe and are or
fered for sale AZ Is per cent Of tnenp
| and accrued interest from Jan. D. AoAs"' IN e~
reney.