The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-10
Principal & Interest in Gold Coin.

1t is commonly known that the General Gov.
ernmont, for wise purposes, has given its aid
and encouragement 20 the construction OF one
MAIN THROUGH LINE or RAILROAD from the Pa.
cihc Ocean across the Territories 20 connect
with the various Eastern branshes Of the Pa
cihc Railroad system, and which viii fctm the
GRAND TRUNK ROUTE 90 the Far West
upon which the mighty trans-continentAl trAfiie
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANN-who are carrying it forward with
greater energy and persistence than was ever
shown In any sip'ilar work in ancient or modern
Western Half Of this Through Limo. the most
productive, favored, and valuable portion OF the
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cond.
nent.
The Act Of Congress coafers upon the Corpo-
rations, besides the right Of way across the Ter.
ritOres, gift Of ~ 500 acres OF tho public lands
per mile, contiguous 10 this line and an appro-
priation from the National credit Of sixty NIL.
LIONS in PR cENr. BONDS, delivered az the
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
ings they, therefore, consulate an element OF
great strength TO the corporations.
The Act further authorizes them 10 Issue an
equal amount OF their own First Mortgage
Bonds of corresponding denominations, tshicA
shall b The first claim upon us irhos railroad prop
erty aud 20 nhich ne lien Of The Government sAdA
be subordinate, a. q means Of moro 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 IL there.
fore, In an important sense, q SouNATIoSAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers
though its management is administered uith al
the care and Jorethough Of he most eninsat pyTpdi,
corporations. Being under the constant super
viBiOn of the Government-who, being the prin'
cipal creditor, accepts subordinate and contin.
gent lien-with 80 largo an amount Of addition
al capital also invested in the property pledged,
IL Is believed that securities now offered In
the market possess the sane claims TO conn
dence and market vrlUo, except those OF the
Government
Undor these favoring auspices very gratifying
progress has been made in extending tho railroad
track from both directions. Nearly 1000 milos
of the Main Line and converging Branches DO
tween the Missouri River and the base OF tho
Rocky Mountains have been built within thrco
years. The CENTRAL PACIFIC RAILROAD has
also steadily and successfully carried the 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 most
difficult and expensive portion Of the whole
line, the probabilities of the through connection
with tho Eastern lines being effected In 1910
amount almost 10 certainty.
The prominent feature in the progrcss OF the
CENTRAL PA IFfC RAILROAD Is the remarkably
large and profitable Local Business which Ia do.
veloped upon the completed portion, moro than
justifying the estimates OF ia ptojectors-that
the immense traffic between the ports Of Cali.
fornia and the mining regions Of the intrt OF
would sustain frstclass railroad line even II
the overland connections were not built. Tho
net profit upon operating the link Of less than
one hundred miles thus lar, reaches nearly two
millions in gold. and this ratio will be doubled
during the coming season, when the entire
mountain tranait IL made by tho locomotive.
With every extension of the track, the business
and profits Of the completed part are increased,
40 that when the overland through traffic shAh
be centered upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
parallel, and ia securities appreciated CORES
pondingly. Tho CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PR CENT. GOLD
~
following, among other obvious oonsidera-
tons; and invite the comparison with the merits
and eToellencies Of any class OF Corporate Sc
eurities:
/. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel Of
cOmmunicr ton on the continent.
II. Tho local settlement and business there.
from Ia remarkably large and profitable, and
must constantly increase.
Ill The hardest part OF the road 10 now
built, and the remainder will DO rapidly carried
forward over the Salt Lake Plains.
". Tho greatest part Of the means necessary
to build the road Ia PROVIDED by the U D. Gov
eminent upon a subordinate lien.
" Tho State and chief cities Of CAliforDia
have contributed upward Of t3ODO,DOO 70 the
enterprise without lien.
VI. The gran; Of land IL destined At an early
day to prove Of far greater market Vaiue than
the total Of the first mortgage bonds Issued
upon tho road and equipments.
4. VII. This road lies altogether among the gold
and silver producing regions, and it. revenues
are received in coin.
VIII. The management Of this company hAA
bgen In the highest degree prudent and frugal.
and ths whole surplus. after payment Of exp0nss
and interest, IL devoted TO construction purps-
sss
TX. The interest liabilities Of the company
are even now less than a third the net earrings
upon the road pledged.
Z. Both Principal and Int>Test are payabk "
Gold, under special provisions Of both Nations
| and State enactment.
| The bonds arc In sums Of tloos each, with
semi annual gold coupons attached, and are o.
fered for Eale at % per cent Of Their pr vaae'
and accrued Interest from jan j. Ae.""' !" '"''
rency.
The back interest is charged as .iII cent
| In e,,yySrev though repaid IN ioH IN La.
hi, time they yield nearly
VINE PER OEST. UPOy TIE INVEST
YgST.
These bonds bid fair 70 attain the nost prom
inent position among the n0nrpeeulatiyo m
vestments Of the country, and VII b a4uVslJ
dealt IN al the msney centres In Europe.
Holdsrs Of Government securities have A. Op
portupity Of exchanging them for CsntTsl Pa
eife Bonds bearing an equal rate Of interest
with the principal well secured, and o.
REA LLzIYG A PROFIT or TIN TO PTT
TKEg PER CENT. IN ADDITION.
Orders sent With the funds through RESPONSE.
bic Banks or Express Companies Win receive
prompt attention. Bonds ssnt BY return IA
press 70 any address In the United states 81
cur cost InfOrva alton, Descriptive paDphlsts
Maps. &c, furnished on application &c the Gee
Of the Railroad Company. no. - william
street, and Of
FISK d HATCH,
Panksr. and Dez.srs in Government secury