The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-13
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

nVA - ehSO DV"u5s
1t is commonly known that the General Gov.
eminent, for wise purposes, has given its aid
| and encouragement to the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
citc Ocean across the Territories TO connect
with the various Eastern Branches Of the Pa
citC Railroad system, and which will form the
| GRAND TRUNK ROUTE TO the Far West
upon which the mighty transcontinental traffic
will concentrate.
Tho CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying il forward with
| greater energy and persistence than was ever
shown In any siplilar work in ancient or modern
times-will buiiu, equip, own and control the
Western BALI 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 IL 800 acres Of the public lands
per mile, contiguous to this line and an appro-
| priation from the National credit Of SIXTY MIL
| LIONS in PER CENT BONDS, delivered as the
work progresses or half tho estimated cost Of
/
sidy bonds the company may cancel in course
of years by the Transportation services Of the
Roads, and small per csntage OF their net earn.
] ings; they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes them TO issue an
| equal amount of their own First Mortgage
Bonds Of corresponding denominations, ''hicA
shah be the first claim upon the IohOle railroad prop
erty and 10 I0hieh the lien Of the Government shall
| be subordinate as q means of more readily secur
ing the remaining half of the capital for the con-
| strCctiOn; 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, q SRBuNATIoNAL
Work, aided and commended by the people, the
| Legislative power and the Executive officers
| though its management is administered tottt'du
he care and IoTetotght Of The most eminent private
corporations. Being under the constant super
| viSiOn of the Government-who being the prin-
cipal creditor, accepts subordinate and contin.
| gent lien-with so largo an amount OF addition
nj captal also invested in the property pledged,
| IL Is believed that no securities now offered IN
| the market possess the sane claims to conn.
dence and market value, except those OF the
| Government.
Under these favoring auspices very gratifying
! progress has been made in extending tho railroad
| track from both directions. Nearly 1000 miles
of the Main Line and cOnyerging Branchesbe.
| 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 navigation Of the
| Pacific TO the summit of the Sierra Nevada, and
into the Great Salt Lake Basin east of tho Cali.
fOrnia line. Having overcome by far the most
| difficult and expensive portion of tho whole
| line the probabilities Of the through connection
with the Eastern lines being effected in 1870
amount almost TO certainty.
| The prominent feature in the progress Of the
| CESTRAL PA IFIC RAILROAD Is the remarkably
large and profitable Local Business which is de.
veioped upon the completed portion, more than
iustifying the estimates Of its pTojectors-that
| the immense traffic between the ports of Cali
| fornia and the mining regions Of tho inter or
| would sustain tirst-class railroad line, even
| 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
mountalR 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 shall
| be centered upon the CENTRAL ROAD, tue gen.
| eral prosperity of the company will be without
parallel and its securities appreciated cores
| pondingly. The CENTRAL PACIFIC RAlLBoAD
| CoMPASY offer for sale theirFIEST MORTGAGE
| THIRTY.YEAR SIX PER CENT. GOLD
BONDS and submit to Investors the
| following among other obvious oOnsidera-
lions; and invite the comparison with themerits
and excelencies of any class Of Corporate Sc.
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
communication on the continent.
! II. The local settlement and business there.
from is remarkably large and profitable, and
must constantly increase.
Ill 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 is provided by the U. ). Gov
eminent upon a subordinate lien.
V. The State and chief cities of California
have contributed upward Of S3OOO,OOO to the
enterprise without Lien.
VI. The grant of land Is destined at an early
day 10 prove of far greater market value than
the total Of the first mortgage bonds issued
upon tho road and equipments.
Avn. This road lies altogether among the gold
and silver.producing regions, and its revenues
are received in coin.
VIII. The management Of this company has
been in the highest degree prudent and iTugAi
and the whole surplus, after payment OF expense
and interest, Is devoted TO construction purpe-
ses.
TX. The interest liabilities Of the company
are even now less than q third the net earnings
upon the road pledged
K. Both Principal OnG IIsterest are Psya61 y
gold under special provisions Of both GatiOna
and state enactment
The hands arc in sums OF 1900 each, With
seniapnual gold coupons attached and are Of.
fered for sale AZ IS per oentsof their par value,
and accrued interest from Jan. !, added, In cur.
rency.
Tho hack interest Is charged at SIX cent
IN e,.rrsneg though repaid in full in gid. A
this time they yield nearly
NINE PEE GEM. UPOy THE INVEST
hEYT
These bonds bid fair 10 attain the most prom
inent position among the non-speculAtiTs In
vestments Of the country, and win be actively
dealt IN At the Money -ceBtres in Europe.
Holders Of Government securities have al op
portunity Of exchanging them for Central Pa
cihc Bonds bearing an equal rate Of Interest
with the principal vel secured, and Of
REALIZING A PROFIT OF TES TO ZIP
TEBY PER GENT IN ADDITION.
Orders sent With the funds through respond
bic Banks or EIpress Companies viii receive