The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-25

with the various Eastern branches Of the Pa
cifo Railroad system, and which will form the
GRAND TRUNK ROUTE TO 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 sip,ilar work In ancient or modern
times-wll buiia, equip, ewn and control the
Western half of this Through Line the most
productive, favored, and valuable portion Of the
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 Ter.
gift Of IL 800 acres OF the public lands
per mile, contiguous TO this line and en- appro.
priation from the National credit Of Sixty SuL.
LIONS in 6 rRR CENT; BONDS. delivered As the
work progresses; or half tho estimated cost OF
thu Through Liue and BrancheA TheSe Sub
sidy bonds the company may cancel In 4 course
Of years by tho Transportation services Of the
Roads, and q small per csntage of their net earn.
ings; they. therefore, constitute an element OF
great strength TO the corporations.
The Act further authorizes them TO issue An
equal amount Of their own First Mortgage
BONUS u uouOuluANOuHs tnNtCN
ShdH be he first claim upon the ThoIs railroad prop.
srty, aud 70 tohieh The ben Of The Government ShdA
be subordinate, as means OF more readily secur.
ing the remaining half 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, o SEIn.NATioSAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though ita management Ia administered uth al
The care and Joreh0ugh Of The most eminent pirate
Being under the constant super
WHOM Of the Government-who, being the prtn'
cpal creditor, accepts q subordinate and contiD.
gent lien-with 30 large an amount Of addition
al capital also invested In the property pledged
it Is believed that no securities now offered IN
ahe market possess the sane claims 20 conh
dence and market value, except those of the
Government
Under these favortng auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 miles
Of the Main Limo and c0nverging 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 tho Main
PSee a % 59@ fhs "a S ss Of
into the Great Salt Lake Basin east of the Call.
fOrnia line. Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities of the through connection
with the Eastern lines being effected in 1870
amount almost TO certainty.
The prominent feature In tho progress of the
CENTRAL PA IFIC RAILROAD ia the remarkably
large and profitable Local Business which is dc.
4. 0l.l
justifying the estimates of itS professionalism
the immense traffic between the ports of Cali.
fOrnia and the mining regions Of the int, or
would sustain q frst-clRss railroad line, even II
the overland connections were not built. The
net profit upon operating the link Of lsSs 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
tOansit In made by the locomotive.
With every extension Of the track. the business
and profits of the completed part are Increased;
no that when the overland through traffic shall
be CenteTed upon the CENTRAL ROAD, the gen.
eral prosperity Of the company viii be without
parallel, and its securities appreciated cOrroa-
pondingly. The CENTRAL Pkcfplc RAILROAD
COMPANY offer for sale theirF1IsST M0RTG GE
YEAR SIX PER CENT. GOLD
b NDS, and submit 20 Investors tae
among other obvious cOnSidara-
tons; and invite the comparison with the merits
and excellencies Of any class Of Corporate ~.
gurities
/. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel Of
on the continent
H. The local settlement and business Their e.
from is remarkably largo and profitable, and
must constantly increase.
III. The hardest part Of the road Is now
built, and the remainder viii DO rapidly carrie d
forward ever the SAT- Lake Plains.
". The greatest part of the means necessary
to build tho road IL provided by the Z. $. Gov;
eminent upon q subordinate lien.
V. The State and chief cities OF Calif0Tpis
have contributed upward Of - 900 0O0 10 the
enterprise without Zen.
VI. The grant Of land il destined At an carly
day TO prove Of far greater market value than
the total Of the frat mortgage bonds issued
upon the road and equipments.
VII This road lies altogether among the gold
and silver. producing regions, and it, revenues
are received In coin.
VIII. The management Of this company baS
been in the highest degree prudent and frugal.
and the whole surplus, AFTER payment Of expsnse
and interest, Il devoted 70 construction purDe-
ses.
X. The interest liabilities Of the company
are even now lea than third the net earrings
upon the road pledged
I. Both PriDoipdl and Ent>,est are payable ID
God, under special provisions Of both EattOnA
and State enactment.
The bonds are In sums u 1900 each, with
seuii annual gold coupons attached and are Of
fered for sale nc IS per cent Of thstr per valns
and accrued interest from Jan. I, sdaod, IN cur
rency.
The back interest IL charged At sig Der eeai
in currency. though rs2sid In fuii 10 0OI5. A
this time they yield neaFly
NINE PER CENT UPON THE BVEs7
NHyT
Thesa bonds bid fair 70 attain tbe mssi ptUn
insnt poaition among the nonsReealAtiTs in
vestmeuts Of the country, ami WI Be asfiyel
dealt In a. the msDey -oeDtrsa In Europe.
Holders Of Government securities have an %
portunity OF exchanging them for Central r
etfc Bonds bearing an equal rate Of intsre4,
with the principal well secured and II
REALIZING 4 PROFIT OF Ten TO IN
TEN PER CEyT. ~ ADDLIT0S.
Orders sent With the funds through respoIsi
bic Banks or RxprosS COmpaniee VIII reeslv'
PROMPT stteutt0n Bonds sat BY return Er
pres 70 anv addrsss In tia United states q
our coat Inforysti0n, Descriptive pamphlsts
Man Ge furnished en- application At The offo'
Of re railroad Company, 30. 81 william
street, and Of
FISK & HATCH,
Rankers and Dealers IN 00veTnnent Securities
and financial Agents Of the c. p T. T. Co.
iaeI No 1yasaan street New York