The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-15

Will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown in any siHNilar work in ancient or modern
tmes-will bui'n, equip, own and control the
Western half of this Through Line the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded aS possessing
the richest franchise ever granted on this cont.
nent.
The Act of Congress confers upon the Corpo.
ratiOns besides the right of way across the Ter.
ritories gift of 10 sou acres OF the public lands
per mile, contiguous 10 this line, and en- appro.
priation from the National credit ot SIXTY NIL.
LIONS in PER CENT. RONpS, delivered a. the
work progresses; or half tho estimated cost OF
the through Line and Branches These sub
sidy bonds the company may cancel in a cen 50
of years by the transportation services of the
Roads and small per csntage of their net earn
ings they therefore constitute an element Of
great strength 10 the corporations.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds Of corresponding denominations, irhich
shall be The first claim upon the ichols railroad prop
erty aud % i0hch The lien Of The Government shall
be subordinate, "a q means OF more readily SeCur.
ing the remaining half OF the capital for the con
stIuctiOu; the equipments, &c, being provided
out of tie capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD is there
fore, in an important sense, n SEMI NATIONAL
WoRK aided and commended 10y the people, TIE
Legislative pow er and the Executive officers.
though its management In administered Wuh GH
the care and JOTethOtigh Of s most eminent pirate
corpordtiOIlS Being under the constant super
,-,-, nff b. rnv m uf hainu Tho nrtu
cipal creditor accepts subordinate and contIn.
gent lien-with 40 large amount of addition
al capital also invested in the property pledged
IL is believed that no securities now offered III
the market possess the sane claim, To CONT
dence and market value, except those Of the
Government.
Under these fayOring auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
OF tho Main Line and C0nvergiug Branches be.
tween the Missouri River end tho base Of the
Rocky Mountains have been built within three
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 Cali.
fornia line. Having overcome by far the most
difficult and expensive portion OF the whole
line, the probabilities of the through connection
with the Eastern lines being effected in l-70
amount almost TO certainty
The prominent feature in the progress of the
CENTRAL PA IFIC RAILROAD Ia the remarkably
large and profitable Local Business which II de.
veloped upon the completed portion, more than
iustifying the estimates of ia projectors that
the immense traffic between the ports Of Cali
fornia and the mining regions Of the int or
would sustain first class railroad line. even II
Nhn nv nd nnf a.
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold and this ratio will he doubled
during the coming season, when the entire
mountain transit ia made by the locomotive
With every extension Of the track the business
and profits of the completed put are increased,
so that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES
pOndingly. Tho CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIlIST MORTGA
THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit 10 Investors tho
following, among other obvious cOnsidera-
tons; and invite the comparison with the merits
and eIcellenCies Of any class OF Corporate 81
0urities:
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the main channel Of
communication on the continent
H. The local settlement aud business theT 9.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest pat. Of the road il now
built and the remainder will be rapidly carrie d
forward over the Salt Lake Plains.
". The greatest part Of the means noco .sary
To build the road II prov idod by the L. 6. Gov.
eminent upon a subordinate lien.
v. The State and REF cities Of California
have contributed upward Of s3OO0OJO 20 tho
enterprise without lien.
VI. The grant Of LAND Is destined at an early
day 70 prove Of far gree ter market vaine than
the total Of the first mortgage bonds isSued
upon the road and squipRentA
VII This road lies alt gether among the gold
and silver producing reg Ons, and IL revenues
are received in coin.
VIII. The management Of this company bas
been In the highest degT9e prudent and frugal,
and the whole surplus, a ter payment OF expense
and interest, IL devoted 20 Construction purpn'
ses
TX. The interest liabilities Of the company
are even now less than a third the net earnings
upVn the ruad pledged.
Gold, under special provisions Of both National
and state enactment.
The bonds are IN sums Of 5000 each, With
semiannual gold coupons attached, and are Of.
ferei for sale az IS per cent OF their par Valus,
and accrued interest from Jan. l. added in cur.
rsncy.
The back interest i charged at sir per cent
In currency, though repaid in foil In 9otd
this time they yield nearly
SIYR PEE CENT. CPOS THE INVEST.
MINT.
incnt position among TIE nOn~p-~ulative in
vestmsuts u the country, and viii be AsfiySiJ
dealt In at the msnsy -oeDtrrs in Europe
HoldafI Of Government securities have an Op
pJrtuDity Of exchanging them for Central Pa
eifc Bonds bearing an equal Tats Of interest
with the principal well secHred, and Of
REALTzISG 4 PROFIT or TEN m FIP
TEEN PER CENT ~ ADDI7IOS
Order sspt Eith The fHBds through Iespon,i
bic Parks or EIpreSs Companies VII FeoeI~s
uro1ant attention. Ponds sHt by return IL.
pres 70 any SddTNss in the Cnited StAtes, II
our cost Information, Descriptive pamphlets
Naps, Ee., fuTnizbed on application ~ the ONCE
/ Of the Railroad Company. No. = Wiliian
street and Of
FISK a. HATCH,
Bankers aud Dealers in Government Securities
and Financial Agents Of the G. p z. r Co.
ja24 No Nassau street. New York.