The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-13
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov.
srumaut. for wise purposes, has given its aid
md encouragement 10 the construction OF Que
MAIN THROUGH LINE OF RAILROAD from the Pa
rihc tcean arrOss the Territories 10 connect
with the various Eastern branshtS OF the Pa
inc Raj rOAd system. aud which viii form the
GRAND TRUNK ROC IL 10 the Far West,
upon which the mighty trAns,continental trathc
Will concentrate.
The CENTRAL PACIFIC RAILROAD
are c trTN ing IL forward with
ere ter euergN and persistence than was ever
shown ~ any sir~ilaT work ia ancient or modern
buf',, equip, own and control the
Western, ualf of this Through Line. the most
productive favored, aud valuable portion OF TIE
v nole, ami may Justly be regard a. possessing
The richest franchise ever granted ON this CONT
nrnt.
The Act Of CongrcssJconters upon the Corpo-
ra'ions. besides the right of way across the Ter.
ri ores gift nf ~ ~ acres % the pablo lands
per mile cou'iguuus u this liue, and .n appro
mi alton from the National cTe'iit OF Sixty NIL.
LIONS in 6 TER CENT. EONns, delivered a. the
work puhCtessrs; OF half the estiuaied cost Of
tho Trough Lins aud BrAnrh-s. lhcsr sub
siiy bonds the company may cane IN course
Of Years by the lranspor alton services OF the
Rosis and a small per centale Of their net arr.
iug,; they. IN, reiure, constitute All element OF
great strength TO the corporations.
Tho Act further authorizes them 10 Issue an
eoual amount of their own rirst Mortgage
Bonds Of corresponding denominations 'oAieh
shall be The first claim upV the tohOls railroad prop
srty. aud TO lrhiGh The lSH Of he Government sAdA
BE- subordinate. rs means OF more readily secur
ing the remaining If Of the capital for the con
II uctiun: the equipmrBts, &c, being provided
ont of The capita stock subscriptions and Other
sources.
The great CENTRAL PACIFIC RAURoAp Il there
fuIe In an important sense, SEM NATIONAL
Work aided and commended 10y tire people, the
I legislative row er, and the Executive Ofhcers
thOnrh itS management Is ddmiHiStcrcd Iih al
NE care aud JOrethougkt of he mott eminent PIRATE
eurpordtioRE Being under the constant SUPER
viginn Of the GUvtTnment-WhO, being the prtn'
Cipal creditor, aCcrptsa sub 'Tdlnate and contln'
gent lien with ~ large an amount ~ addition
Al capital also invested In the property pledged
IL Is believed that no securities now Offered IN
the market pos-ess the sAHs claims u conn
q nee and market value except those oil the
Under these favoriug auspices very gratifying
prourrss has been made in extending the railrnah
Track from both du eCtOns Nearly 1900 m l-S
Of the Main Line aud C0nvergiug i,rtUch.s BE-.
tween The NJ s-Ouri River md the base of to-
T. acky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD hiS
alsn steadily and successfully carried the Main
stem inr from the steamboat navigation OF the
Pacific TO the 81 unit Of til" Sierra Nevada, su'l
into he treat salt Lake Basin east of the Cali.
fornia line. Having overcome by IA the most
difficult and expensive portion Oi the Whole
hnr. the probabilities OF the through connection
with tho Ease lines being effected In 1870
amount almost 10 certainty.
The prominent feature in Oh" progress Of the
Q FNTKAL Pacific RAILROAD l. the remarkably
large and profitable Local Business which II dc
vrioprd upon the completed portion, more than
iustif,iB: tie estimates Of its pfUicctOr---that
che Immense traffic bctw'e the ports Of Cali
fUrnia and the mining regions OF tho int or
would sustain a trst-ClaS5 railroad line, even u
the overland connections were MOI bhlit' lhe
net profit nBOu oDeraying the link OF less than
on. hundred miles thus Tar, reashrs nearly two
III lli"n- In gold; and this ratio will be- doubled
.uriug the coming season, when the entire
mountains transit In nude hy the locomotive.
With every extension Of the track, the business
and profits Of the c mplrtrd put are increased
80 that when the overland through traffic -hall
he conferred upon the ClNTRAL ROAD, the gen
cral prosperity Of the company Viii be without
uar.LIcl and It's srcuTiti's appreciated coric-.
The CENTRAL PA1FC RALR"Ap
JoNrANY offer for sale th, WHILST MORTGAGE
THIRTY.YENR SIX PER CENT GOLb
BON DIS, and submit 20 Investors tae
following. among other obvious considera-
tiuns; and invite the comparison with the merits
and eEcrllenci,s OF any class OF Corporate &C..
suri;ies:
!. These Bonds are based uDsn the most vital
and valuable part Of the Grand National Pacific
III. tn. ha m Fnammnl
on the continent.
II. The local settlement and business there.
from Is remarkably large and profitable, and
must constantly incrsasS.
III. The hard"st part Of tho road IL now
built and the remainder Will ~ rapidly carried
forward over tho Salt Lake Plains.
". TIE greatest part Of tho means necessary
70 build the rn4.i j. provided hE the U. ,. Gov
eminent upon a subordinate lien.
V. TIE State and chief cities Of California
have contributed upward Of 00D,OD 10 TINS
enterprise without len.
VI. The giant OF land Is dostiaed al an early
the total Of tue first mortgage bonds Issued
upOl the rO-d and shipments.
VII This road lies altogether among the gold
and siIver.puuslucing regions, and It's revenues
are resolved ia coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplus after payment Oi eIprnsa
and interest, II devoted 10 oOBstrueti9n purpo
sss.
TX. The interest liabilities 81 the company
an, even now less than third the net earning
upon the rOad pledged
K. Both Principal and Tn,>rsSt aSs PAYABLE II
Gold under special provisions VI both haiiona
and state enactmTnt.
The bonds are Ia sums Of 1900 each, viii
ssnii-aunual gold coupons attached, and arr OF
frrel for sale al % per cent OF thstr par value
and aocrued interest ron Jan. / adIed, In eur
rency.
The back Interest is charged AZ an pr cent
In currency, though rrpzid in fGu In gsid. a
tkis time they yield nearly
VINE PER CEgT. CPOE THE ISYES7
HINT.
These bondsbiH fair 20 zttsin the most prop
ineut position among the B0n-PsoHlatiTs u
vestIBeEis Of the country, and uiD be sstive!
dealt in az tie msnFy -oeDtrTs in IuTOpe.
HOidsrp Of G0yeTumeut seeuftties have an 81
pOF1 ubity Of exchanging thin fOT Central II
ia B0Dds bearing AZ equal rate 81 interss
with tie principal wei secured, ana Of
REALIZING A PROFIT OF ICY TO m
TEEN PER CEYT. ~ ADDITION.
! Orders ssnt With the funds through TesPops
/ lie Banks OF E1pTsss COHpaniea VIII fefely
VrOnspt attsnff0B- BODds ant ~ rstuT2 Il
| Tsyees 70 apy address IN the United hfate.,