The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-14
Central Pacific Railroad First
Mortgage Bonds.

Morts age Bonds.
II Il commonly known that the General Gov.
ernmsut, for wise purposes, has given ia aid
and encouragement % the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
cifc Ocean across the Territories 70 connect
with the various Eastern branches Of the Pa.
cifc Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty traas-ooutinental traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
COhPANY-who are carrying it forward with
greater energy and persistence than was ever
shown In any similar work In ancient or modern
hs q And I. soI +, The
productive, favored, and valuable portion ofthe
whole, and may tustly be regarded a. possessing
the richest franchise ever granted on this cont.
nent
The Act Of Congress conters upon the Corpo-
rations, besides the night Of way across the Ter.
ritories, gift of II 800 acres Of the public lands
per mile, contiguous to this line, and An appro-
priation from the National credit Of SIXTY MI.
LIONS In PER eKNT. soNDe delivered o. 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 the Transportation services Of the
Roads, and . small per csntAge Of their net earn.
ings; they, therefore, consulate an element Of
great strength 70 the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, ioAioA
Il L.. IL
erty and % tokich The hen Of Tia Gogernsst shaa
be subordinate, n moans Of more readily secur.
ing the remaining half Of the capital for the con.
struction; 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, Q SKMlSATIoSAL
WORK aided and commanded by the people the
Legislative power, and tho Executive officers,
though Its management In ednsinistered sosth al
the care and Joreth0ucM Of tie most eminent private
corporations. Being under the constant super
WHOM Of the Goyernment--who, being the prin'
cipal creditor, accepts subordinate and oontin.
gent lien-with 10 large An amount Of addition.
NJ capital also invested In the property pledged,
it is believed that no securities now offered In
tho market possess tho sane claims 20 conf.
dence and market yslue, except those Of the
Government
Under these favoring auspices very gradi ying
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
Of the Main Line and cenyerging Branches be
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
years. The CENTRAL PAcIYIc RAILROAD has
also steadily and SUCCESSFULLY carried tho Main
Stem Line from the steamboat navigation Of the
Pacific 10 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of the Call
fornia line. Having overcome by far the mos'
difficult and expensive portion OF the wholt
line, the probabilities Of the through connection
with the Eastern lines being effected 10 1916
| amount almost 10 certainty.
The prominent feature In the progress Of th,
CRSTRAL PA IFIC RAILROAD 10 the remarkably
large and profitable Local Business which Is de
veloped upon the completed portion, moro thar
justifyinR the estimates OF its professionalism
the immense traffic between abe ports Of Call
| fornia and the mining regions Of the int'i Of
| would sustain first-class railroad line, even 4
the overland connections were not built. Tn,
net profit upon operating the link Of less thar
one hundred miles, thus lar, reaches nearly two
millions In gold and this ratio will DO doubled
| during the coming season, whom the entire
| mountain transit In made by the locomotive
With every extension Of the track, the busines,
| and profits Of tho completed part are increased
80 that when the overland through traffic shal
| eral prosperity Of the company win be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAu.ReAr
CoAPANY offer for sale theirFIESf MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors Ire
following, among other obvious considers
tons; and invite the comparison with the merit
and eIcellsncies Of any class Of Corporate 40
eurities:
]. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacific
Railroad. sosn 70 become the main channel o
communication On the continent.
II. The local settlement and business thor o
from is remarkably large and profitable. an'
must constantly increase.
III. The hardest part Of the road Ia nov
| built and tho remainder viii DO rapidly carrie
| forward ever the Salt Lake Plains
". The greatest part Of the means necessary
10 build the road IL provided by tho q. 3. Gov
eminent upon . subor dinate lien.
V. The State and chief cities OF Callforpi,
have contributed upward Of t3,0o0.Ooo 70 th'
enterprise without lien.
u. ne grant OF IAuu u ucsIhtu ~ ~ t9Iiy
day 70 prove Of far greater market value thar
the total Of the hrst mortgage bonds ISSUED
upon the road and squipmcnts-
VII. This road lies altogether among the gold
and silver producing regions, and its revenue
are received In coin.
VIII Tho management Of this company ha
been In the highest degree prudent and frugal
| and the whole surplus, after payment Of expens
and interest, 10 devoted 70 CONSTRUCTION purps
ses- .
| TX. The interest liabilities Of the sompan,
arc even now less than third the net earning
upon the road pledged.
| Z. Roth Priaeipal and Interea are payable 4
| God, under special provisioas Of both Nations
and State ensctment
semi annual gold coupons attached and are Of
fered for sale at e5 per cent Of their par value
and accrued interest from Jan. .. sdded. In cur
rency.
The back interest 10 charged at siI per cen
in currency, though repaid In full In ao,d. A
this time they yield nearly
NINE PER CENT. uPos THE IyVss,
| HEHI
These bonds ND fkir 20 zttsin The most prou
inent posttion among ,tbe noaspacalative q
yestnents Of the country, and WIN be sstiyel
dealt in at the nsney centres IN Europe.
Holders OF Government securities have m y
lport1nity Of eIehsngfng them for Central y
cife Bonds bearing 40 equal rate Of infsrr-'
with The prsoeipal vel secured. and
REALIZING A PROFIT OF rss no SIJ
TEEN PEE cBSE ~ ADDITION.
o,aer. ,eut with the funds through respons
lie Rsuks on Express Companies VIII receiy
! .romUt attention Bobes ssnt BY return Ii
me-. 70 any address In the United States, Z
| - eaat Infcrpr alton, Descriptive pzuphict