The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-31
Central Pacific Railroad First
Mortgage Bonds.

II Is commonly known that the General GOV
erumaut for wise purposes has given Its All
and encouragement % the construction 81 on'
MAIN THRoUGH LpI or RAILROAD from the Pa
cine Ocean across the Territories 70 connect
with the various Eastern hrGnshes Of the Pa
cific Railroad system. and which viii form The
GRAND TRUNK R0CTK - the fAr West
upon which the mighty trsRs-cOntinentAl trAfh'
VII concentrate.
The CENTRAL PACIFIC RAILROAD
CoMPANY-WhO are carrying IL forward with
greater energy and psrsiStoRos than was ever
shown in any similar work in ancient or modern
times-wil build equip, Swn and control the
Western BALI Of this Through Line. The most
productive favored and valuable portion OF the
whole and NAV Justly Be regarded ~ possessing
the richest franchise ever granted on this cont
ntnt.
The Act Of Congress conters upon The CorPo-
ratiuns besides the right Of way Scruss the 1s.r
rit0ries . gin Of II $40 acres of the public lands
per mile, contiguous 20 tins line, and IN aPpro
priRtian from the National credit OF sixty MI
LIONS IN FER CENT. BONDS, delivered - th'
work progresses: or half the estimated cost d
the Through Line and BrAncheA These sab
sidy bonds the company may cancel IN osurs'
Of wears by the Transportation services of N,
Roads and q small per oontAge Of their net earn
ingS; they, therefore, constitute An element 81
great strength 70 the corporations.
The Act further authorizes them 10 Issue n
equal amount Of their own Firsi Mortgage
Bonds Of corresponding denomination. 'nAaoA
gau be ths GrE olailR ttpOE dS tcoS rnalr0nd prog
ertv and 70 tUli1A tss hen q the Government shaL
BE- subordinate, rs q means Of more readily secur
ing the remaining half Of the capital for the COD
stTuction. the equipments &C, being provided
out Of the capital stock subscriptions and othoi
sources.
The great GENITAL PACIT1C RAl-RoAD Is there
fore in an important sense, q SESl AAIioNAi
WORK aided and commended by the people, tb'
Ierislatfve power and the Executive OffioerS
though its management 10 GdBsiEisterod Uta al
ne care and Jorcth0Ugh q the most eHsIE.SHi pTHdi
oorporati0lG Being under the constant super
vinidn Of the GOvernmeni-whO, being the prin
cipal creditor accepts n subordinate and contin
gent Hen-Viib 80 large m amount Of addition
AZ capital also invested in the property pledged
IL Is believed that no securities now offered IN
the market possess the sane claims 10 cont
denoe and market value except those OF The
Government
Under these lavorinE auspices very gratifying
progress has been made N extending the railroad
TRACK from both directions Nearly 1000 mlbns
Of the Main Line and ooHverEiuE branches bc
tween the Missouri River EDd the hase OF tbs
Rocky Mountains have been built within thre'
wears. The CENTRAL PACIFIC RAILROAD ma
also steadily and successfully carried the NAil
stem Line from the steamboat navigation al th'
Pacific 20 the summit Of the Sierra Nevada, au'
into the Great Salt Lake Basin east Of the Cali
furnia line Having overcome by far the mos
difficult and eNpensive portion Of Tie WHOM
line the probabilities Of the through cOnneCtl0i
with the Eastern lines being effected in ls'
amount almost 20 certainty.
The prominent feature IN the progress If ID,
CENTRAL PACIFIC RAILROAD is the remarkably
large and profitable Local business which n de
veiOped upon the completed portion, more thai
iuStifyiug the estimates Of it, Professionalism
the Immense traffic between the porte Of Cali
furuis and the mining regions Of the int o.
would sustain trst-ClAss railroad line even Z
the overland connections were Dot buiH- The
net profit upOn operating the link O. less thar
one hundred niles thus tar reaches nearly twt
millions In gold: and thus ratio viii be doubled
during the coming soRson when The entire
mountain transit il made by the locomotive
With every extension Of the track, the business,
and profits Of the completed part are Increased
30 that when the overland through traffic Ghal
be conferred upon the GENITAL RoAp, the gen
eral prosperity Of the company win be- without
parallel and its securities appreciated CORES
pondinCiy. The CENTRAL PACIFIC RAuRsAi
COMPANY offer Cor sale theirFIhST MOKTGAGI
THIRTY. YEAR SIX PER CENT. COLL
BONDS, and submit 70 Investors ~
following among ether obvious oSRsiderA
tons. and invite the comparison with the MERIT
and excelleDcies Of any class Of Corporate se
surities
]. These Bends are based npSn the most vita
and valuable parI Of the Grand NAtOnHl Pacific
Railroad. sO0u 70 become the main channel o.
communication Oh the continent
II. The local settlement and business there
from IL remarkably large and profitable, an
mus constantly iDcreESs.
III. The hardest Part Of the road IL nov
built and the remainder viii BE- rapidly carries
forward ever the Salt Lake PlAiBs.
". The greatest part 81 the DsEns Bsosszar.
70 build the rUAd u provided by the Y. - bov
erumeut upuu 4 subordinate lisn.
V. Ths State and chief citles II CGliiVrnL
have contributed upward - - Hig o. II
enterprise without hen
VI The giant Of land is dssuRsd a. Al earl
DAY 70 prove Of far greater market vAlRs ths
the total az the hTst TBor1gsE. bonds issue1
upoB the road and eguipmeuts-
VII This road les altogether AnonE the Eoi
and silvsr-prOduCinE regions, and its reFenla
are received IN coin
r !. kr
been in the highest deErSe prudent and fruEA
gnd the whole surpllE, EftsT payment OF eTPeHs
and interest. 10 devoted ~ construction purP'
ses-
/ IX. The interest," liabilities 81 the oomp1B
are even nSu less than = THIRD The net EARNING
upvB the road pledgea
/ 7 Both PriaeiDal and Insorss ays Dayabls
J esId, under special prOTIEiOns of 10th Nations
I and State el8Ctment-
. he bonds are In Euns Of t8Ols esoh. vii
/ ssnizuuuAi gold o0uD0ns attached, and AT Q
. fereS fOr hals a. % per Oout Of their pa FAlo'
Eb5 accrued Interest from Jan. l. sdesd n ca
rsncy.
The i,.sk interest u CHARGED ~ az pr cen
I in essrr1rg tb0uKh repaid In f1li In odd A
this tine they y7eid nearly
VINE PER oEEL UPOE TBE TETEE
KEgT
Tt.ss BONDS nd fair 70 attAin ths nSsz pro-
ineut position An0nE the ngn7gecuiS;sve
vesfments q the country. aDd VII BE sEttvs
daAlf In ~ the nssney -oeBtTes IN EUT0pe-
a Hoidsrs IL GoTsTumeut securities have ~ q
/ pgr4uEity d szehEzEing thsn fsE Ceatuj
i cir B0Bds besrIng An equal rate q iEtere
with tire principal WI secured, and Of
KEALIZLy5 4 PROFIT OFTEg 10 81
TEEE PEE CEEE IN ADDT7TOK
orasrs sesf u-ffh the fu1as fHreaeb rez5'oe
BE Banks O. B1pGsss CO1pAniea VI re-
r,rrsGa nSrr tV rEtuIL n