The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-22
Central Pacific Railroad First
Mortgage Bonds.

1t is commonly known that the General Gov.
ernmsnt, for wise purposes, has given It's aid
and encouragement 70 the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
cihc Ocean across the Territories 10 connect
with the various Eastern branshes Of the Pa
ciic Railroad system, and which will form the
GRAND TRUNK ROUTE to the Ear West,
upon which the mighty trAns-cOntinentAl tratiiC
viii concentrate,
The CENTRAL PACIFIC RAILROAD
COMPANY-whO are carrying IL forward with
greater energy and persistence than was evel
shown in any sip'ilar work in ancient or moderI
times-will buiiu, equip, own and control Tn,
productive, favored, and valuable portion of ID,
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cont.
nent.
The Act Of Congress confors upon the Corpo
rations, besides the right OF way across the Ter
gift Of u sOO acres OF the public lands
per mile, contiguous to this line, and an sppro-
priation from the National credit Of SIXTY MIL
LIONS in 6 PR cKNT. BONDS, delivered a. the
work progresses; OF halfthe estimated cost Of
the Through Line and Branches. These Sub
sidy bonds the company may cAsoel In q osurse
Of years by the Transportation services OF the
Roads, and . small per centage OF their net earn
ings; they therefore, constitute an element OF
great strength 70 the corporations.
The Act further authorizes them 20 issue an
sdual amount Of their own First Mortgage
Bonds Of corresponding denominations, schieA
hail be the first cIaim upon the tcAos railroad prop.
'rty and 70 lOhieh The Ism u Tie GOoeTnnsnt shdA
h subordinate, ~ = means OF more readily seour.
ing the remaining half Of the capital for the con.
,truotion; the cquipments, 40, being pro divided
Put Of the capital stock subscriptions and other
,OurceA
The great CENTRAL PAcIYIe RAILRoAD Is thcre.
ore, In an important sense, . SEsn-NATfoNAL
WORK aided and commended by the people, the
legislative pow er and the Executive officers,
hough itA management 10 ddBlintsteret uiA az
Ne care and GOrstkOugAt Of The most cHntRsh private
explorations. Being under the constant super
yisiou Of tho Government--who, being the p-in'
,ipal creditor, accepts a subOrdiaate and oontin.
rent lien-with 80 large al amount of addition.
y capital also invested In the property pledged
e is believed that no securities now offered in
lrnce 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 1900 miles
of the Main Line and c0nvorging 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 ma vigatiOn Of the
Pacific 10 the summit Of the Sierra Nevada, and
into the Great salt Lake Basin east Of tue Cali.
fOrnia line. Having overcome by far the most
line, the probabilities Of the through connection
with tho Eastern lines being elected in 1870
AMOUNT almost 10 certainty.
The prominent feature I'm the progress OF the
,ESTRAL PA IFIC RAILROAD Ia the remark ably
arge aud profitable Local Business which Ia do
'elOped upon the completed portion, moro than
ustifying the estimates Of its pt1jectors-that
he immense trHfhc betw' en- the p1rts Of Call.
Ornia and tho mining regions Of the int OF
gould sustain nrst-class railroad line, even 10
he overland connections were not built. The
let profit upon operating .tils link Of less than
me hundred miles thus far, feash"s nearly two
Millions in gold; and this ratio will be- doubled
turing the coming season when the entire
nountaiE transit Is made by the locomotive.
With every extension of the track, the business
and profits Of the completed pIrt arc Increased;
~ that when ths overland through traffic shall
DO conferred upon the CENTRAL ROAD, the gen.
sral prosperity Of the company viii be without
parallel, and its securities appreciated CORES.
The CENTRAL Pacific RAILROAD
COMPANY offer for sale therFlkST MORTGAGE
SIX PR CENT. gold
B q y DIS, and submit 10 Investors TIE
among other obvious cousiAerA
TONS; and invite the comparison With the merits
and eIcellencies Of any class Of Corporate 20.
lurities:
/. These Bonds are based upsn the most vital
and valuable part Of the Grand National Pacific
Ill H.. akaa Nfal
on the continent
II. The local settlement and business there
rom il remarkably large and profitable and
must constantly increase.
III. The hardest part Of the road IL now
quilt and the remainder will be rapidly carrie q
Onward ever the Salt Lake Plains.
". The greatest part Of the means necessary
10 bu!ld the road il provided by the L. s. Gov.
srnment upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of SJOOOO0 TO the
without lien.
VI. The grant Of land il destiRsd at an early
day 70 prove Of far greater market value than
tho boNaA OF Nus uIhN hbiAkAkH gseAa A'st-N
upon tho road and equipments.
VII. This road lies altogether among tbsSold
md silver producing regions, and ia revenues
are received in coin.
VIII. The management Of this company has
zen in the highest degree prudent and frugal,
md the whole surplus, after payment Of expense
md interest, IL devoted 10 construction purps-
go.
TX. The interest liabilities Of the company
IRE even now lea than a third the net esrninEs
IpOn the road pledged.
X. Both Principal aAi Tnt,TsE are payabl IA
Fold, under special proy.si0ns Of both National
md State enactment.
The bonds are IN sums Of 1900 each, With
'emi annual gold cOhpOns attached and are Of.
cred for sale a. IS pr osnt Of their par value.
md ScerEed interest from Jan. I. sdlsd. In cur.
'ency.