The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-05
STEADY INVESTMENT
Principal & Interest in Gold Uia.
Central Pacific Railroad First
Mortgage Bonds.

MOrtHa age bOhus.
Itis commonly known that the General Gov.
eminent, for wise purposes, has given itS aid
and announcement To tho construction OF one
XAN THROUGH LINE OF RAILROAD trOm the Pa
ri6c Ocean across the Territories 70 connect
with the various Eastern branshes o. the Pa
c;ac Railroad system, and which win form the
Grand TRUNK ROUTE TO the Far West
mon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILR0AD
are carrying Is forward with
rreater energy and persistence than was ever
shown In any sivNilar work In ancient OF modern
,jmes-yill buiiu, equip, own and control the
Wastern Half of this Through Line. the most
nroduotiye, 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 let
ritories gift Of IL 500 acres OF the public landi
mar mile, Contiguous 10 this line, and en- spprO,
priation from the National credit OF Sixty NIL
: lows in PER CENT. BONDS, delivered rs The
work progresses; OF half the estimated cost o.
IN. Through Line and Branches. These Sub
sidy bonds the company may cancel in ceuns
az wears by the Transportation services OF TIE
possds and n small per centage Of their net earn
ings; they, therefore, constitste an element Of
great strength 20 the corporations.
Thu Act further authorizes them TO issue az
aouaI amount Of their own flrSt Mortgage
Bopds of corresponding denominations rAiA
- ha affr,.
ert,, and 10 ,ckich the lien Of the GoreTN1ta uAGa
D, ~ S,,,6ordinat<. as means OF more ready eeOt
IN the remaining half Of the capital for As oOa
s,s,ction. the e0uipments, &c, being provided
ont OF the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD shets
fore In An important sense, q sEhiNAuoML
Wolx aided and commended by the people, Tie
L.y.latiye power, and the Executive ohcen
thnngh ita management Ia Administered wa al
m, care and JOrsthOtigh Of The HoSf emtnentp nr%
corporations. Being under the constant super
vision of the Government-who, being the pnn'
cipal creditor, accepts subordinate ana conuh
cent lien-with 80 large an amount Of addition
Al capital also invested in the property pledged
IL Is believed that 10 securities now offered IN
tho market possess the sane claims To cont
dence and market value, except those oi ihs
Government.
Under these favoring auspices very gratifying
progress has been made in extending The railroad
track from both directions. Nearly 1000 mile,
of the Main Line and converging BranChcsle
tween the Missouri River and the base OF the
Rscky Mountains have been built within thTcc
years The CENTRAL PACIFIC RAILROAD hO
also steadily and successfully carried the NAN
stem Line from the steamboat navigation Of The
Pacific TO the summit Of the Sierra Nevada, and
-. - EnIV Lab naain an ~ az Nnl Z
fornia line. Having overcome by far tie most
difficult and expensive portion OF the whole
line. the probabilities Of the through connection
with tho Eastern lines being elected In l''o
amount Almost 20 certainty.
The prominent feature In the progress Of tb'
CESTRAL PA IFIC RAILROAD In the remarkably
large and profitable Local Business which sd"
vefoped upon the completed portion, moro than
iustifying the estimates OF its Professionalism
the Immense traffic between tho ports OF CaL
fornia and the mining regions OF tho init O
would sustain q flrst-cass railroad line, even
the overland connections we're not built The
net prQAL upon operating tho link OF lea' thh
one hundred miles, thus tar, reaches nearly i'9
millions In gold; and this ratio will BE- doubled
during the coming season, when the entr
mountain transit Is 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 shAI
be centered upon the CENTRAL ROAD, the geH
eral prosperity of the company will be without
parallel, and its securities appreciated CORES
pOndingly. The CENTRAL PACIFIC RAlLEohp
COMPANY offer for sale theirFIIlST MORTGAGE
| THIRTY.YEAR SIX PER CENT. COLI
b q N ID s, and submit 10 Investors t1s
following, among other obvious oonsisen
tons; and invite the comparison with the merit
and excellencies Of any class Of CorporaIeS
eurities:
!. These Bonds arc based upon the mast vita
and valuable part Of the Grand National Padh
Railroad, soon 70 become the main channel "
communication on the continent
II. The local settlement and bushes. there
from Is remarkably large and profitable an
must constantly increase.
III. The hardest part Of the road 10 %,
built, and the remainder will DO rapidly eAn''
forward over the Salt Lake Plains.
~. The greatest part Of the means ns''s
10 build the road Is provided by the u"
eminent upon a subOr dinate Hen.
V. The State and chief cities Of CsIi0fLs,
have contributed upward Of p,O'o"" !"
enterprise without Zen.
VI. The grant OF land IL destined al an ~!
day TO prove Of far greater market V1l"I -.
the total Of the first mortgage buds
upon tho road and equipments.
VII. This road lies altogether among the 20.
and silver producing regions and It's rs'sn''
are received In coin.
VIII. The management Of this COMPANY IA
been IN the highest degree prudent and iflI..
and interest, IL devoted 10 construction plr''
see.
TX. The interest liabilities Of the eoE,HI
are even now less than a third the net eartsP
upon the road pledged.
x. Both Principal and Int>rest are psyasN
God, under special provisions Of both hs''1@
and State enactment.
The bonds are in sums Of $500 e1h
semi-aunuzl gold coupons attached $50 -Ius
fered for sale 1t rs per cent. Of tbshP 8, su,.
and accrued interest from Jan. !, sd's''
reney.
The back interest IL charged NJ slII
In currency, though repaid In full In -
this time they yield nearly
NINE PER OEyr. UPON THE LSrTf
HEYT.
These bonds bid fair 10 attain the most pre-.
inent position among the nonBpeculAtivs =
yestments Of tho country, and viii be asa'P
dealt In a. the msney-ceDtres IN Europe.
Holders Of Government securities have a.
portunity OF exchanging them for Cent1I
eife Bonds bearing an equal rate Of ipH''
with the principal well secured, and Of
REALIZING A PROFIT or TEN TO Nv
TEEN PER CENT IN ADDITION
Orders sent with the funds through resPiT,
BILE Banks or Express Companies VIII n