The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-28
Central Pacific Railroad First
Mortgage Bonds.


ernmont for wise purposes, has given its aid
and encouragement 10 the construction OF one
MAIN THROUGH LINE OF RAILROAD IRON the Pa
citc Ocean across tho Territories TO connect
with the various Eastern branshes OF the Pa
citc Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West,
upon which the mighty trans-continental traffic
will concentrate.
COMPANY-who are carrying il forward with
greater energy and persistence than was ever
shown in any siRilar work in ancient or modern
times-wtll bui.1, equip, own and control the
Western half OF this Through Line. the most
productive, favored, and valuable portion OF the
whole, ana 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 l2 500 acres OF the public lands
per mile, contiguous TO this line, and an appro-
priation from the National credit OF SIXTY MIL
WORK progreSsesi OF h,ii tne estihatS ne, COSY u
the nrougn Line anu prahChes' inese ouo
sidy bonds the company may cancel IN course
OF years Dy the transportation services OF the
hoads; anu small per cehtage OF thelr net earn
ings; they, therefore, constithte an element OF
great strength 70 the CORPORATIONS
Tho Az, f,r,ber autboriyes than IN issue nm
aouoI amonnt of their own First Mortvnre
Rands of correspondinp denominations. tphich
,6nH he ne arst ei,a upon ths ,phol. railroad prop
erty aud 30 tehich The lien Of the Government sAdu
be S,,bordinats "a A means of more readily secur.
inc tbe remaining half of the capital for the con.
s,rnc,iop. the az ninnants 90 heing nroyihed
sources
The great CENTRAL Pacific RAILROAD IL there
fore, in an important sense SEhrNALloNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive oihSers
though Its management IL administered "uh da
The care ana JoTetou9htQ me most einieHt pT1rdte
corporations. Being under the constant super
viDion OF the GOvernment-who, being the prin-
cipal creditor, accepts subordinate and contln'
gent hen-with 80 large an amount oil addition
al capital also invested IN the property piedgen
IL is believed that no securities now offered In
the market possess the sane claims TO conn
dence and market vrine except those OF the
Government.
Under these favoring auspices very gratifying
mr. m las rail
,rart from both directions. Nearly 1000 mile.
of the Main Line and Convercing Branches he.
tween the Missouri River aud tho base of the
Rocky Mountains nave been bniit M'.hin th rec
also steadl,y and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific TO the summit of the Sierra Nevada. aud
| into the Great Salt Lake Basin east of the Cali
| fornin line. Having overcome by far tho most
| diihcnlt anu expensive portion OF inc "noi'
! line the probabilities OF me through c1hnectiot
|
|
| The prominent feature in the progress OF The
anu ,L n,;o or t Wv
instifving the estimates of IL pIoieotorr~tbat
| the immense traffic between the ports of Cali
would sustain n frst.class railroad line. even Il
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
I En,.t TRANSIT ID lnauo W tne iooTinI.,
WIN e..iS VI .nJ an w
90 ant tbat uboO ,he oyar}and thrnngh trnac shai
parallel, and its securities appreciated CORES
THIRTY.YEAR SIX PER CENT. COLL
anu 9hce"ehcies Vi any ciA97 Vi 'orPo'A'' so
49,. ,.i..
L. lIesS BONUS hIe pascu upon tno hipG ~ ia IVA
| ana valuable part OF inc NallOuAl