The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-12-05
Principal & Interest in Gold Coin.

II Is commonly known that the General Gov.
ernm0nt for wise purposes has given IL aid
and encouragement 70 the construction Of one
MAIN THROUGH LINZ or RAILROAD from the Pa
citc Ocean across the Territories % connect
with the various Eastern branches Of the Pa
cihc Railroad system, and which viii form the
GRAND TRUNK ROUTE 20 the Far west
upon which the mighty trAnscontinental trafae
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANH-who are carrying it forward with
greater energy and persistence than was ever
shown in any siPlilar work In ancient or modern
times-win builn, equip, own and control tho
Western Half Of this Through Line. the most
productive, favored and valuable portion Of the
the richest franchise ever granted on this CONT
nent,
TIE Act of Congress confors upon the Corpo-
rations, besides the right Of way aoross the Ter.
ritories gift Of L. 500 acres Of tho public lands
per mile, contiguous 70 this limo, and an appro-
priAtion from the National credit Of SIxTi NIL
LIONS In 8 PRR cKNT. BONDS, delivered ~ 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
Roads and . small per cSntage Of their net earn.
ings; they, therefore, consulate an element Of
great strength 10 the corporations.
The Act further authorizes them 10 issue an
eoual amount of their own First Mortgage
Bonds Of corresponding denominations, ,SAicA
shall BE- he first claim upon f ,cAos railroad prop
sTtv and % trhich the lien Of The Government sAal
BE- subordinate, as q means Of moro readily ssear.
ing the remaining half Of the capital for the con.
struction; the equipments, 40, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Ia there.
fore in An important sense, . SKhrNATioSAL
Work, aided and commended by the people the
Legislative power, and the Executive oficers,
though Its management IL administered pitA al
The care aud JorethOt9h Of the moot sains'lt pfcdn
corporations. Being under the constant super
WHOM Of the Government-who, being the prin'
cipal creditor accepts subordinate and oontin'
gent lien-with 30 large an amount OF addition
nj capital also invested in the property pledged,
IL Is believed that no securities now offered In
the market possess tho sane claims 10 conn
dence and market value, except those oil NE
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 convergng branches DO,
Rocky Mountains have been built within three
years The CENTRAL PACIFIC RAILROAD hss
also steadiiy and successfully carried the NAH
stem Line from the steamboat navigation Of tho
Pacific 10 the summit OF the Sierra Nevada and
into the Great Salt Lake Basin cast Of the Call.
farnia line. Having overcome by far the most
difficult and expensive portion Of tho whole
line, tho 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 ITC RAILROAD II the remarkably
| large and profitable Local business which II dc.
| velOped upon the completed portion, moro than
iustifying the estimates Of it, proiectOrs-tbat
| the immense traffic between the ports Of Cali
| fornia and the mining regions Of the init or
would sustain first-Class railroad line, even II
the overland connectisns were not built The
net profit upon operating the link Of leas than
one hundred miles, thus Tar, reaches nearly two
millions In gold; and this ratio will be doubled
during tho coming season, 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;
40 that when the overland through traffic shan
be centered upon the CENTRAL ROAD, the gen.
eTal prosperity Of the company will be without
parallel and its securities appreciated cores
pondngy. The CENTRAL PACIFIC RAHRoAD
CoxPANY offer for sale theirFIhST MORTGAGE
Thirty. YEAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors TIE
following, among other obvious consldera
tons: and invite the comparison with the merits
and o1oelloncies Of any class Of Corporate %.
0urities:
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel Of
communication on the continent
II. The local settlement and business there.
from Is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road IL now
built, and the remainder will Do rapidly oarrtsd
| forward ever the Salt Lake Plains.
". Tho greatest part Of tho means necessary
70 build the road IL provided by ths y. D. Gov
eminent upon a subordinate len.
v. The State and chief cities Of Caiiforni.
have contributed upward Of t3,OOO,O0 20 ths
enterprise without lien.
VI The grant Of land IL destined at an early
day 70 prove Of far greater market value than
the total Of the Arst mortgage bonds issued
upon the road and equipments-
VII This road lea altogether among the gold
and silver producing regions, and its revenues
are received In coin.
VII. Tho management Of this company haI
/ bosn In the highest degree prudent and frugal
| and the whole surplus after payment Oi erpsns'
1 and interest, 10 devoted 70 construction purps
sss.
/ ~ A..
are even now less than . third the net earhlnE'
upon the road pledged.
X. Both Principal and Intsrst are payatk Z.
Gold. under special provisi0ns Of both Nations
! and state enactment.
The bands are In sums Of tI0Os ss1b, viii
semlsnnuAl gold coupons attachedl and ~: o.
fered for sale At % per cent. OF thsn pa VA1e
and aonrsed interest from Jan. !. sdasd, In eur.
renoy.
- t,.s,..t IL charged At hIr cent
ias s, - tboagb repaid In fall IN sON. A
mi. time they yield nearly
Iyyyg PER cESI. UPoy THE Hvssf
1
Thsss bonds I'D fair TO attain the nost prom
| insut position among the ronryeeulativs 10
veztmsnts Of the country, and win b asuvdJ
dealt In AZ The msnsy-osbtres In EUROPE.
| HOldsrs Of Government securities hav, An ep
p0rtunity Of exchanging them for CSsuI Pa
i eihc Bonds bearing an equal rate q interest
With the principal well secured, %"
REALIZING A PROF, or TIN TO yIy
TEEN PEP 'STE IN ADDITION.
o., I Eitb the funds through respoaa.
O 80. ~ EIpress Companies win receive
Die E1att<utiCu. EouA. L. - "A