The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-27
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.
DESIRABLE


Mortgage Bonds.
1t is commonly known that the General Gov
ernmsnt for wise purposes, has given its al
and encouragement to the construction Of on
hAN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean across the Territories 70 connec
with the various Eastern BrAnshes Of the Pa
cihc Railroad system and which will form tn
GRAND TRUNK ROUTE 70 tho Far West
upon which the mighty traRs-continentAl trait
will concentrate.
The CENTRAL PACIFIC RAnROAI
C0MPANY-who are carrying il forward wit
greater energy and persistence than was eve
shown in any siV7ilar work in ancient or moder
times-wil buii1, equip own and control th
Western half Of this Through Line. the moe
productive, favored, and valuable portion Of til
whole, and may Justly be regarded as possessing
the richest franchise ever granted on this cont
nent.
The Act Of Congress confers upon the CorpS
rations, besides the right Of way across the Tel
ritores, gift Of u 500 acres OF the public land
per mile, contiguous - this line, and an appro
priztion from the National credit Of SIITI MI
LIONS in PR CENT. BONDS, delivered A. IN
work progresses; or half the estimated cost o
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q csurS
Of years by the transportation services Of tn
Roads, and small per csntAge Of their net earn
ings they, therefore, constitute an element o.
great strength 70 the corporations.
The Act further authorizes them to issue al
equal amount Of their own First AortgAg
Bonds Of corresponding denominations, IoAiel
IkIu be tie GTTt claim upon Tie HkoIs railroad prop
sTty and % tohieh The len Of The Government shal
be subordinate, as a means Of more readily seeuT
ing the remaining half Of the capital for the con
struction; the eQuipments, &c, being provides
out Of the capital stock subscriptions and othsI
sources.
The great CENTRAL Pacific RAILROAD Is there
fore in An important sense, . SEn-NATfoSAi
Work, aided and commended by the people, the
legislative power, and the Executive ofhcere
though It's management IL ddminiStered VIA al
The care and J0rsthouSh Of tAe most s5''tle't p1dh
e0rpOrdtio5li Being under the constant super
vision OF the GoveTnment-Tho, being the prin
cipal creditor, accepts subordinate and oonun
gent lien-with 30 large an amount Of addition
Al capital also invested in the property pledged
il IA believed that no securities now offered II
the rarkSt YOSsess the sane claims 10 conf
ience and market value, except those Of III,
Government.
Under these favoring auspices very gratifying
progress has been made in extending the FailroaI
track from both directions. Nearly 1900 mile
Of the Main Line and cOnverging Branches be
tween the Missouri River and the base Of th,
Rocky Mountains have been built within thre'
years. The CENTRAL PACIFIC RAILROAD ha
also steadily and successfully carried the AaiI
Stem Line from the steamboat navigation OF Ii,
parfHr N The arfrn mi ~ cha E3arva Ga-ada
into the Great Salt Lake Basin east Of the Cali
fOrnia line. Having overcome by far the mos
difficult and expensive portion Of the whole
line the probabilities Of the through connection
with the Eastern lines being effected in IsTI
amount almost 10 certainty.
The prominent feature in the progress Of The
CESTRAL PA IFTC RAILROAD ia the remarkably
large and profitable Local Business which IL de
veloped upon the completed portion, more thai
iustifying the estimates Of its PROFESSIONALISM
the immense trathc between the ports Of Cali
fOrnia and the mining regions Of tue intrT Of
would sustain tlrst-ClAss railroad line, sven
the overland connections were not built. Th'
net profit upon operating the link Of less THAI
one hundred miles, thus far, reashes nearly tNt
millions in gold; and this ratio viii be dOublsS
during the coming season, when the entlr'
mountain transit Is made by the locomotive
With every extension Of the track, the business
and PROFITS Of the completed part are increased
50 that when the overland through traffic shAI
be centered upon the CENTRAL Road, the Eez
eral prosperity Of the company viii be withou
parallel, and its securities appreciated CORES
pOndingly. The CENTRAL PACIFIC RAILBsAl
COMPANY offer for sale theirPLRST MORTGAGE
Thirty YEAR SIX PER CENT. COLL
3 o y ID 5 and submit 70 Investors ~
following among other obvious consisera
tons; and invite the comparison with themerit
and eIcellencles Of any class Of Corporate 70
eurities:
I. These Bonds are based upsn the most vita
and valuable part Of the Grand National Pacihl
Railroad. sOOn 70 become the main channel 0
communication on the continent
II. The local settlement and business there
from is remarkably large and profitable, an
must constantly increase.
III. The hardest part Of the road Is nov
built. and the remainder will BE- rapidly carrie,
forward ever the Salt Lake Plains
". The greatest part Of the mean, neoessar.
20 bu!ld the road IL provided By the [. ;. Gov
erFIaent upon a subordinate lien.
V. The State and chief cities Of Calif0rDi
have contributed upward Of t3,0Jg,oJ1 70 tn
VI. The gr.n, Of land j. destined at an earl
day 70 prove Of far greater market value thar
the t9tAi Of t5e ant mortgage bonds i''0s'
VII This road lies altogether among the Eol {
and silver producing regions, and iis rSTenne'
are received IL coin.
VII III. n.B.gsrnsB. Of tbis company Ia,
been in the kizhsst degree prudent and fruEAl
And IN. ubole .urpIus, After pzyuasBt Of erpsIs-
aud interest,". Il devoted 20 Construction purps
-
go -, -. ,,-
TX The interest hAoIits -. -, -, :,
Eo,b p1se;Da, asE Iaasrsa ar, psya5l4 IL
sy .s 70 lntI-est frOa jan AdSsd, In car
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