The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-02-25
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
II ia commonly known that the General Gov; |
ernmsnt for wise purposes has gwen us Aiu
and encouragement to the construction OF one
MAIN THROUGH LINE OF RAILROAD IRON the IA |
cific Ocean across the Territories 70 conuect !
with the various Eastern BTanshes OF the Pa !
cifc Railroad system, and which will form the !
GRAND TRUNK ROUTE to tue Far West,
upon which the mighty trans'contlnentA lrainc
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 1t 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 Through Line. the most
productive, favored, and valuable portion OF the
whole, aud may justly be regarded as possessing
the richest franchise ever granted on this CONT
nent.
The Act of Congress cOnters upon the Corpo-
rations, besides the right of way across the LET
ritories gift of - sOV acres OF the public lands
per mile contiguous to this line, and en- appro'
nriation from the National credit OF sixty NIL
LIONS in TER CENT. bonds, delivered as the
work progresses: or half the estimated cost OF
the Through Liae aud Branches. These Suo,
sidy bonds the company may cancel in course
of years by the Transportation services OF the
Roads and small per centRge of their net earr.
ipgs; thew, therefore, constitute an element oil
great strength TO the corporations
The Act further authorizes them TO issue an
equal amount of their own First mortgage
Bonds of corresponding denominations, Irhic'
sLnU be he first claim upoI the WhOlc railroad prop
ertY aud 10 lrhicL the len Of ne GoreTnment ShdH
BE- subordinate, as means OF more readily seCuT'
ing the remaining half of the capital for the con
struCtion; the equipments, &C. Delng pToVineu
out Of the capital stock subscriptions and other
sources. ...
The great CENTRAL Pacific RAILROAD Is there
fore, in an important sense, q SENl-NATloNAL
Work aided and commended by the people, the
Legislative power and the executive oIH one rs
though its management is administered tth az
the care and JOTehOugM Of the most eminent pTirdte
corporations. Being under the constant super
vision of the GOvernment-who, being the pTln'
cipal creditor, acceptsa subordinate ana contlh-
GENT lien-with 30 large an amount oil addltlOn'
al capital also invested in the property pledged
il is believed that no securities now offered III
the market possess the sane claims to conn
dence and market value, except those OF the
Government
Under these favoring auspices very gratifying
nrouress has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and converging Branches De-
tween the Missouri River and the base OF tue
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 to the summit of the Sierra Nevada and
into the Great Salt Lake Basin east OF the Call
fOrnia line. Having overcome by Tar the most
difficult and expensive portion Of the whole
line the probabilities OF the through connection
with the Eastern lines being effected In lH1O
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL Pacific RAILROAD is the remarkably
large and profitable Local Business which ~ de
velOped upon the completed portion more than
iustifying the estimates of its pI0iectors-that
the immense traffic between the ports oil Call
fOrna and the mining regions OF tue lnti' OF
would sustain frstclass railroad line, even ~
the overland connections were not built. lhe
net profit upon operating tho link of less than
one hundred miles, thus far reaches nearly Two
millions in gold and this ratio will be doubled
during the coming season, when the entlre
mOuntaiR transit Is made by the locomotive.
With every extension of the track, the business
and profits Of the completed part are incrcasedi
so that when the overland through traihc shall
be conferred upon the CENTRAL ROAD the gen
eral prosperity of the company Will be without
parallel and its securities appreciated CORES
COMPANY offer for sale theirFIElST MORTGAGE
RoNDS and snbmit 10 Investors the
following, among other obvious cOnsidera-
tons and invite the comparison with the merits
and excellencits of any class OF Corporate se.
curities;
l. These Bonds are based upon the most vital
and valuable part Of the Grand National racine
Railroad. soon 10 become the mani '""""'t Va
,faaef gV, On ha
80.
II. The local settlement ana business tneIe
from il remarkably large an" Pron'a"ie' anu
III. The hardest part Of the ROAD Is now
built and the REMAINDER wiz W iAP'u'S '"''
" The greatest mart of the means necessary
IN build the road IL provided by the L. 5. Gov
eminent upon A subordinate lien
nrtsrrr;se vgitbout len
day fo PFpTsf Of the iooreage bonds issued
r,rr RI -,,r.,or,.rt ~ this eomnanr has
ha, ;a,,oo ,,-lsrt nd fr,gal
oesn IN tne Co. Datment ri sTnsIss
anu the nnV'I su Jl,,J -, g - ,,Io
anu Interest," 3" U''''N :" NO'-'''
'0' Il
.r 4
upon WV ''''A .-,....
sS Ssd st aRSs sps sesGls p'0''0' o. 00n
"a. -a.