The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-22

Central Pacific Railroad First
Mortgage Bonds.
II Is commonly known that The General Cor:
eminent for wise purposes has given ttn AID
| and encouragement % the construction Of one
MAIN THROUGH LINE oF RAILROAD nom the Pa
oihe Ocean across the Territories % connsct
with the various Eastern branches o. the Pa
cihe Railroad system, and which viii form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty trAns'eontinental frame
viii concentrate,
The CENTRAL PACIFIC RAILROAD
COMPANIONS are carrying Il forward with
greater energy and persistence than was ever
shown in any siuilAr work in ancient OF modern
tmes-will 6nfa, EQUIP swn and control the
Western Half OF this Through Line the NEST
whole, and may Justly be regarded spcssessing
the richest franchise ever granted On this oont.
nent.
The Act Of Congress oonters upon the Corps-
rations besides the right OF way across the Ter.
ritorios gin Of u 500 Aores Of the public lands
| per mile, contiguous % this line, and IN appro-
| priation from the National credit Of SIxTi NIL
LIONS In PKR cKNT: soNna, delivered a. the
the Through Line and Branches. These Sub
| Aidy bonds tho company may cancel In q eeurse
Of years by the Transportation services Of the
Roads, and . small per csntage Of their ne, earn
| ings; they therefore, CONSTITUTES an element q
great strength 70 the corporations.
| Tho Act further authorizes them 20 issus 90
| equal amount Of their own nut Mortgage
Bonds Of corresponding denominations, sAieA
ShaA b ne FRA claim upon "a. aNAe< ra'ircad prsy
sTty, aud 20 1sAieA dAS hJ1 q ls Government sAea
BE- subordinate, ~ . means os more readily secur-
ing the remaining half Of the capital for The cen
structioni the eQuipments 40, being provided
out Of the capital stock subscriptions and other
| sources.
The great CENTRAL PAcIEIe RAnRoAp 10 there
fore In an Important sense, . KMINATIoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive otticers,
though Va management is admsHGstsred VIA an
he care aud JOrsko,i0h Of he most smtRS5.i prsdfe
| corporations. Being under the constant super.
yihion Of the Govemment-who, being the prtA'
cipal creditor, accepts subordinate and contin.
| gent hen-with 80 large an amount Of additioa.
| Al capital also invested In the property pledged,
| IL In believed that no securities now offered N
the market pOzsess the sane claims 90 cons.
dcnce and market value, eIoept those Of The
Government
Under these fAvoring auspices very gratifying
progress has been made IN extending the railroad
track from both directions Nearly 1000 miles
Of the Main Line aad conveying Branches b
tween the Missouri River and the bAse Of the
Rocky Mountains have been built within thres
years. The CENTRAL PActTic RAILROAD has
also steadny and successfully carried the hain
stem Line from the steamboat navigation ofthe
Pacific 20 the summit Of the Sierra Nevada and
into the Great salt Lake Basin east % the Call.
forniA line Having overcome by far the most
| difficult and expensive portion Of The whole
liae tho probabilities Of the through oonneoiios
| with the Eastern lincs being elected In 1878
amount almost 70 certainty.
The prominent feature In ths progress Of the
| CEsTRAL Pa TIC RAILROAD IN the remarkably
| large and profitable Local Business which Il do
| VelOpcd upon the completed portion, more than
| iustlfyinR the estimates Of its pIoleotors-that
| the Immense trAfho between the porta Of Cali.
fornia and the mining regions OF tho int's ~
would sustain hrstclasa raikuad line, even N
the overland connections we're not built Tbs
net profit upon operating the unt OF lees thAs
one hundred miles thus Tar, reashcs nearly tvv
millions In gold. and this ratio viii b doubled
during the coming seasOn, when the entire
mOuntaiH transit u made BY the locomotive.
with every extension Of the track, the business
and profits Of ths cJm pleted pNrt are increased
so that when the overland through trAfho shal
be centercd upon the CENTRAL Road, the Ess.
eral prosperity Of the company viii be without
parallel, and its securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAfLheAp
J EoHpASY offer for sale thslTFIksT hoRTGAOn
THIRTY YEAR SIX PR CENT. GOLD
BONDS, and submit 70 Investor. hs
| following. among other obvious considers
tons, and invite the comparison vita the msrits
and eIoellenoiss Of any clAAs VI Corporats a.
surties'
I. These Bonds are based upsn ths nsst vial
and valuable part Of the Grand National Pacihs
Railroad soon % become the mAin channel Of
communication on the scHtinsnt
III. The loSal settlement and buslAss, tAste
from Ia remarkably large and uS0s,Asls, ans
must constantly inereAss.
built and the remainder win be rapidly carried
| forward ever the Salt Lake Plains
". The greatest part Of the Saeans necessary
- bald the road IL provided ~ ths Us oo''
0rnment upon subOr dihAtS heh'
V. The STATE and ebisf cities Of caiiforsis
have contributed upward Of e1,OoO,o0s " Ne
enterprise without Bsn-
VI The grant Of Land 70 destined A an .asiy
day % prove Of far greater BArkst VAlus thAa
the total Of the trst nortgaGs benes issus1
upon the road and sSBipnsnts
VII. This road Lies altozsthm among ths Esld
and silver producing reEOns, And in rsvsnuss
arc received In coin.
VIM. The mshAgensnt Of this company La
been In the highest degTs prudent and huEA,
and the whole surplus sftsf psynsnt Of srpssss
and interest, 10 devoted 70 SonstruSta0n DaT1s
sss.
TX. The interest liabilities - Ne ssnlsat
are even now lees than . ihiFd The nst s&rstsfs
UDOn the rOsd pledged
I. B0th RrEae.eai on In1'ss sr ,S.skS
and State ensctnsnt
Ihs bsnds are In sans Of tioes sseh, 10
,snI-aunual Rold coupons st.A1hsf, and are ~
fsr.d for ale a: . IsT cat; q ~ 80 .ss
reneJ.
IN s,srySaat th0uEb rsysld Il fan n 80
this TINE they yisd BeAdJ
VINE PEE oxSr. UPoS re HTEsr
HESK.
Thsss bonSsbld fair 70 attain he rsozt ,ron-
inSut position amonK the RSupDaculKtiTs In,
yss.nenis u Tie country, and pin b SsaVsly
dealt In a. The ns1sy-oeDtFes IN EuPoDs
Holders Of Government securities have a. sp
DoT1anify Of exchanging then for CsstrJ Pc
c!hc B0nds bezfhg 40 equal rate u Interest
with the prtneDal vel ssecsSd, aDd Of
REALIZING 4 PROFIT or KEs 70 D
rKEH PER oRBE m ADDITION
a