The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-21

with the various Eastern branshes of the Pa.
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE 70 the Far West,
upon which the mighty traRs-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying IL forward with
greater energy and persistence than was ever
shown in any siUlilAr work In ancient or modern
tlmes-wiu 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 L. SUI acres Of the public lands
per mile, contiguous to this line, and en- appro-
priation from the National credit of sixty MIL.
LIONS in FER CENT. BoSDs, delivered as the
work progresses; or half tho estimated cost of
the Through Line and Branches These Sub
,idy bonds the company may cancel in csurse
Of years by the Transportation service. of the
Roads, and small per centage of their net earn
ngs; they, therefore, constitsto an element OF
great strength 10 the corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
DoUNS OF ACCOMMODATIONS, lCNlth
shall be the first claim upon the 1rlOe railroad prop
'riy and 10 ichich the lien Of the Government shall
be subordinate, as means Of more readily secur.
ing the remaining half of the capitalize the con.
the equipments, &c. being provided
put Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Is there
fore, in an important sense, u SEMI NATIONAL
WORK, aided and commended by the people, the
Legislative power and the Executive OfiiCer
though its management IL administered Uih al
he care and JOrethough Qf the most eminent pirate
Being under tho constant super
vision Of the Government-who. being the prin'
Cipal creditor, accepts a 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
the market possess the sane claims 10 conf
Ience and market value, except those Of the
Under these favoring auspices very gratifying
has been made In extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and converging 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 steadIry and successfully carried the Main
Stem Line from the steamboat navigation of the
into the Great Salt Lake Basin east of the Cali.
fornia line. Having overcome by far the most
difhcult and expensive portion of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected in ls7O
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local business which is do
vclOped upon the completed portion, more than
iustifying the estimates of its ptojcotors-tbat
the immense traffic between the ports Of Call
fornia and the mining regions of the int'' OF
would sustain tirst.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 will be doubled
during the coming season, when the entire
transit IA made by the locomotive.
With every extension of the track, the business
and profits Of the completed part are increased
so that when the overland through traffic Bhal
be conferred upon the CENTRAL ROAD, the gen
eral prosperity of tho company will be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAILRoAI
COMPANY offer for sale THIRST MORTGAGE
THIRTY.YEAR SIX PER CEST. GOLD
BON DIS and submit to Investors the
following, among other obvious considera
tons and invite the comparison with the merits
and c1cellencies of any class OF Corporate sc
curities;
l. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacifi,
Railroad soon 10 become the main channel o.
communication on the continent.
II. The local settlement and business Their @
from is remarkably large and profitable, anC
mast constantly increlss.
III. The hardest part of the road Is now
built, and the remainder will be rapidly carrie
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road il provided by the U. 5. Gov
eminent upon subordinate lien.
V. The State and chief cities Of California
have contributed upward Of S3,OO,OO 20 tbs
enterprise without lien.
VI. The grant Of land il destined at an early
day 10 prove Of far greater market value than
the total Of the first mortgage bonds Issues
upon the road and equipments.
VII This road lies altogether among the gold
and silver.producing regions, and It's revenue
are received in coin.
VIII. The management OF this company Ia
been In the highest degree prudent and frugal
and the whole surplus after payment Of eKpens
and interest, Is devoted to construction purpe
ses.
TX. The interest liabilities Of the eompan.
are even now less than third the net earniDg
UPON the road pledged.
\. Both Principal and THt>rea are tdya1t, I
God. under special provisions Of both Nations
and State enactment.
The bonds are in sums Of $1,000 each, Wit
semi-annual gold coupons attached, and are d
fered for sale At % per cent. OF their par vaIu'
and accrued interest from jar. !. AIDED, la cui
rency.
The back interest Is charged al siT per cen
In e.trrs,aey. though repaid In fall In god. A
this time they yield nearly
SIgE PER CEE1. UPON THE IyrEs,
KEST.
These b0ndsbA fair 20 attain the most yTOr
| inent pJsitiOn amOBZ the nonTpeculatiys !
VestmeHts % tbs country, and viii be sstiye
| dealt In at the msEsy -caDtres in EnrOpe-
Holders Of Government securities have an o
pOrtunity Of eIchangi tbens for Central
| eife Bonds bearing an equal rate 81 intsros
with the principal well secured. and Of
REALIZING A PROFIT OF rES 10 III
TEEN PER CENT ~ ADDITION.
| Orders sent with the finds through responi
lie Parks or ErpFess Companies VIII reeet,
PROMPT attention BOnds sent " return
| pres 20 any addrSss IN the United states,
r1T COS. Information, Descriptive pampbl.'
| Man &C furnished On application at the oh
OF The RaiiruSd Company, 30. u WiliA
street, and Of
FISK a. HATCH,
l bankers and Dealers in Goverunent secuTiu
and financial Agents Of the z. + 4 X 20