The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-21
DESIRABLE
STEADY INVESTMENT
Principal & Interest in Gold Coin.

Principal & Interest in Gold Coin
The attention. of Investors, TT stees, Execu
tors, and Others desiring an unuE Ially safe, re
liable and profitable form Of permanent invest
ment, is called TO the advantages and assurances
of the
Central Pacific Railroad First
Mortgage Bonds.
! 1t is commonly known that the General Gov.
ernm9ut, for wise purposes has given It's aid
/ and encouragement 70 the construction Of one
MAIN THROUGH LINE or RAILROAD from the Pa.
cifc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans-cOntinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| C0MPANY-who are carrying IL forward with
greater energy and persistence than was ever
shown In any siV,ilar work in ancient or modern
| times-will buiia, 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 conCers upon the COrpo-
rations besides the right Of way across the Ter.
rtOres a gift of ~ sou acres OF the public lands
per mile, contiguous to this line, and en- apprO-
priatiOn from the National credit Of sixty NIL
LIONS in FER CENT. RoNDs, delivered as the
work progresses; or half the estimated cost OF
the Through Liue and Branches. These Sub
sidy bonds the company may cancel in a course
of years by the Transportation services OF the
Roads and a small per centage of their net earn.
ings; they therefore, cOnstitHte an element OF
great strength 20 the corporations.
Tho 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 tchOs railroad prop
eTty and % irhich he lien Of he Government shdA
be subordinate, as means OF more readily secur'
ing the remaining hale 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 Is there
fore, In an important sense, SRhi'NATloNAL
WORK, aided and commended by the people the
I legislative power, and the Executive otficers
though its management is administered tbih al
the care aud JOretLOught Of he most eminent pirate
corporations. Being under the constant super
vioiOn Of the Government-wbo, being the prin
cipal creditor, accepts subordinate and cOntin-
gent lien-with so large an amount Of addition.
al capital also invested in the property pledged
il is believed that no securities now offered in
tho market possess the san claims To comb
dence and market value, except those Of the
Government
Under these favoring auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
of the Main Line and c0nvergiug branches be.
tween the Missouri River and the 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 TO the summit Of the Sierra Nevada, and
into the Great salt Lake Basin east of the Call.
forna line. Having overcome by far the most
difficult and expensive portion OF the whole
line. the probabilities Of the through connection
amount almost 20 certainty.
The prominent feature in the progress Of the
CENTRAL PACIFIC RAILROAD ia the remarkably
large and profitable Local Business which il de.
vclOped upOH the completed portion more than
iustifying the estimates of its pfoicctOrs-that
the immense traffic between the ports Of Cali.
iOrnia and the mining regions Of the int or
would sustain fiTst-class railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus far, reaches nearly two
millions in gold and this ratio VIII bo doubled
during the coming season, when the entire
mountaR transit il made by the locomotive.
With every extension Of the track the business
and profits of the completed pert are increased;
so that when the overland through traffic shall
be centered npon the CENTRAL ROAp, the gen.
eral prosperity Of the company will he without
parallel, and its securities appreciated CORES
pOndingly. The GENITAL Pacific RAILROAD
COMPANY offer for sale therFIhST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
BON DS and submit 10 Investors the
following, among other obvious cOnAidera-
tiOns; and invite the comparison with the merits
and excellencits Of any class Of Corporate So
cuIities:
l. These Bends are based upon the most vital
and valuable part of the Grand National Pacific
Railroad. soon TO become the main channel Of
communication on the continent.
H. The local settlement and business there
from is remarkably large and profitable and
must constantly increase.
III The hardest part Of the road II now
built, and the remainder will be rapidly carried
forward over the Salt Lake Plains
". The greatest part Of the means necessary
to build the road Is provided hy the y. S. Gov.
eminent upon q subordinate lien.
V. IKE State aud chief cities Of California
have contributed upward u ~ 100000 20 the
enterprise without lien
VI. The grant Of land is destissd at an early
day 20 prove Of far greater market value than
the total of the FIRST mortgage bonds issued
upon the road and equipments.
VII. This road lies altogether among the gold
and silverproducng regions, and IT, revenues
are received in coin
VIII The management Of this company has
been in the highest degree prudent and frugal,
and the whole surplus, after payment Of expense
and interest, IL devoted 10 construction purpO-
ses.
TX. The interest Liabilities Of the company
are even now less than n third the net earnings
upon the road pledged.
X Both Principal and TntSreyt are payaIlS IN
GOld, under special provisions Of both National
and State enactment
The bonds are IN sums Of 1900 each, with
semi-aunuAl gold coupons attached, and are Of.
fered for sale II IS per cent Of their par value
and accrued interest from Jan. I. adasd, In cur.
rency.
The back interest is charged at six per cent
In currency, though repaid In full In 9od Al
this time they yield nearly
NINE PER CENT. UPOy THE INVEST
MINI