The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-03-25
Central Pacific Railroad First
Mortgage Bonds.

II is eommOnly known that the Ge1eral Gov.
eminent for wise purposes, has given is AID
and encouragement 20 the construction OF one
NAN THEoUGH LINE OF RAILROAD from the Pa
eihc Ocean across the Territories 70 conneci
with the various Eastern brAnshes Of the Pa
cifc Railroad system, and which viii form the
GRAND TRUNK ROUTE u the Far West
upon which the mighty trAns-contineDtAl trafnc
Will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-vho are carrying IL forward with
greater energy and persistence than was ever
shown in any similar work in ancient OF modern
times-will build. equip, own and control the
Western half Of this ThrYugh Line. the most
productive, favored, and valuable portion Of the
whole. and may Justly be regarded n possessing
the richest franchise ever granted on this cont
neDt.
The Act Of Congruss oORters upon the COrPo-
raiions, besides the night of way across the Ter,
ritOries gift Of y sou acrcs OF the public lands
per mile contiguous 70 this line. and Tn Appro.
priation from the National credit Of SINII NIL
LIONS in 6 8LR CENT. KONns, delivered n the
work progresses; OF halfthe estimated cost Oi
the through LiBe and Branches. These Sub
Of years BY the TrAnsP0rtation services Of The
Roads and 4 small per oeDtAge Of their net carr
inEs: they, therefore constitute An element Of
great strength 10 the corporations.
The Act further authorizes them 20 issue An
equal amount Of their own First Mortgage
Bonds Of corresponding denominations tchaeA
shall b. he first oiGim upon the trAols rdlTOdd Yrup
eTty aud 20 'rk1h bI iion q ne Government shall
b. SIboydihdfs, a. means Of more readily secuf'
ing the remaining half Of the capital for the con.
stTuction; the equipments, &e-, being provided
ont OF the capital stock subscriptions and other
sources.
The great CENTRAL PACIFIC RAHReA Al h there
fore in an important sense, q EhrAATloNAl
Work AiS A and commended By the people, the
Legislative power and the Executive ofhcers
though its mAnagementts GdSHiHistered Wth az
the care and tOTethOti0h er To BoH ehaAsni p'nrdts
corporations. Being under the constant super
viSiun Of the GOvernment-whO, being the prin
cipal creditor accepts q subordinate and coutln
gent hen-with 30 large an amount Of addition
Al capital also invested in the property plcdged
il is Believed that no securities now offered IN
tho market possess the sane claims 10 conn.
denoe and market value, except those Of the
Government.
Under these favoring aaspiceS very gratifying
progress has been made In extending The railroad
track from both directions. Nearly lOOO miles
Of the Main Line and cOnyergiug Branches be
tween the Missouri River and the base 0i TIE
Rscky Mountains have been built within threS
wears The CENTRAL Pacific KAILROAD Ia,
also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific IN the summit Of the Sierra Nevada and
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with the Eastern lines being effected in Is7t
amount almost 70 certainty.
The prominent feature in the progress Of the
CENTRAL PACIFIC RAILROAD Is the remarkably
large and profitable Local Business which IL d"
velUped upon the completed portion more than
iustffying the estimates Of IT, proiectOrs-thai
the immense tuafbe between the ports Of Cali
fOrnia and the mining regions Of the int oT
would sustain a frst-Class railroad line, even u
the overland connections were not built The
net profit upon operating the link vt less than
one hundred miles. thus far. reaches DeArly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountaiE transit Is made by the locomotive.
With every extension Of the track. the business
and profits Of the completed part arc increased
~ that when the overland through traffic shall
b. conferred upon the CENTRAL ROAD, the Eep.
eraI prosperity Of the company viii be withcuS
parallel. and its securities appreciated oorr-S-
pOndingly. The CENTRAL PACIFIC RAuRsN
COMPANY offer for sale thsirF IkST NORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
b . DIS, and submit 20 investors tie
following among other obvious ooHsldsrs.
tons and invite the comparison with the merits
and eKcellencits Of any class Of Corporate W
Curities.
/ These Bends are based upsB the most vital
and valuable part Of the Grand National PAribc
Railroad sO0n 20 become the hahn channel OF
communication on the continent
II. The local settlement and lnsness their
from l. remarkably large and profitable and
must constantly inoreSss-
III. The hardest part Of the road Is nos
built and the remainder will be rapidly earrise
forward ever the Salt Lake Plains
". The greatest part 81 the means necessary
% build the road Is provided by the Z. s. Gov
eminent upon a subordinate hen.
V. TIE State aud chief cities q CallfoTRiI
have contributed upward Of S3JJ0OJD 70 tbs
enterprise without lien.
VI. The giant q land Is desiiEed At an early
day u prove Of far greater market vAlne THAI
the total Of the hrst mortgage bonds issoet
upon the road and equipments
VII. This road lies altogether among the gold
and silverPTOdueing regions, and its reVsnue'
are received in coin.
VIII. The management Of this o0HpAny bal
been in the highest degree prudent and frugal
and the whole surplus, after payment Of sIpsnS
and interest, is devoted 70 construction VurP0
seA
TX. The interest liabilities Of the eOmpAnl
are even now Iess than third the net earpinE
upsn the rad pledged.
Z. Both Prinogal and TnterrF arc paVabL q
God under special PruyisiOns Of both AEil"oA
and state enactment
The bonds ARE IN sums 81 1900 Zach Wit
seui-auuual gold coupons attached, and are Of
fered for sale - Is Per cent Of their par rAiue
and accrued interest," from Jan. ]. add, n eHr
rency.
The back interest IL zhaIEed AZ siI pr cent
In rlfyTeneg though repaid ID TN N g'Ga.
this time tbsy yisia nearly
YISR PER CIV. UPOy THE TTTfSl
MEgT
These bonds I'D fair 20 zttzip the most prOEi
inent position among the DOsEpeeulAtivs
vestms8ts q the e0unfry, and Elh b. hSfive!
dealt In ~ the Bsoey centres N EurOp~.
Holders Of Government securities have an q
I pOTTHuify 81 eIehahEiDE them fU CentraI y
I ci6e BOBas BEARING EB equal rate q istsres
with the principal sci --cHred and q
REALIZING 4 PROFIT or TEE TO IN
TEEy PER CEyI. ~ ADDITION.
/ OrdsrS ssnt Eith the funds through resp@g'
be Banks - EIpres COnpanies WI ref&s'