The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-24
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
i IJ 81
II Is commonly known that the General Gov.
eminent, for wise purposes has given It's aid
and encouragement 20 the construction OF one
MAIN THROUGH LINE or RAILROAD from the Pa
cinc Ocsan across tho Territories 20 connect
with the various Eastern branshes Of the Pa.
cite Railroad system, and which will fern the
GRAND TRUNK RCUrR 60 the Far West
upon which the mighty trAns-oontinental traffic
The CENTRAL PACIFIC RAILROAD
CoMPANY-who are carrying 10 forward with
greater energy and persistence than was ever
shown In any siV,ilar work IN ancient or modern
times-will bu,u, equip own and control the
Western Half OF this Through Line, the most
productive, favored and valuable portion of tho
whole, and may Justly be regarded a. possessing
the richest franchiss ever granted on this cont.
nent.
The Act Of Congress conters upon the Corpo-
rstiOna besides the night Of way scross the Ter.
ritories gin Of ie 800 acres Of the public lAnda
per mile SOnueoou, :. tsi, line and ID an .ppro-
| LIONS In Pm oKSr, soSIs, delivered ~ the
work progresses, or half the estimated cost Of
the Through Line and Branches. These Sub
1 nidN bonds inc company may taNCtl IN CEurHo
Of years by the Transportation services Of the
Rosds, and . small per osntage Of their net earn
| ingS; they, therefore, consulate an element Of
great strength TO the corporations,
The Act further authorizes them 20 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denomination, ssAieA
sAda BE- he GTa claim upon "a sAeis rdibosd prVp.
| srfy dnd % leAlcA tie isa II "a Government sAaR
| b. snbOTdtndtt, ~ means OF more readily seeur.
ing the remaining half Of the capital Tor ths CON
stTuction; the oqutpments, 40, hting provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PAcIne RAnRoAp n there,
foro, In an Important sense, q Snsn NATIONAL
WORK, aided and commended by Tho people, the
Legislative power, and the Executive officers,
though its management IL ddmiAisfsred VIII al
he care aud JorethOuCh Of he B'oH smiRsni p~sSSts
corporations. Being under the constant super
viBiOn Of tho Governmont-whp, being the pm
| cipal creditor, accepts subordinate aud oontin
| gent lieu-with 40 larEo an amount of addition
al capital also Invested In the property Pledged,
IL is believed that no securities now offered in
the n,Arket possess tho sane claims 10 oon1
dence and market yElue, except those Of the
Government.
Under these Avorng auspices very gratifying
progress has been made in extending the railroad
track from both directions Nearly 1000 miles
Of the Main Line and conyerging branches 10.
tween tho Missouri RIVER and tie base OF the
Rocky Mountains have been built within thres
years. Tho CENTRAL PACfI1c RAILROAD has
also steadily and successfully carried tho Main
| Stem Limo from the steamboat navigation Of the
Pacific % the summit u the Sierra Nevada aud
into the GroAt Salt Lake BAsin east Of the Call.
! fornia line. Having overcome by far the moat
dinicalt and eIPensiyo portion Of ho whole
with the Eastern lines being effected In i5Ie
amount almost 10 certainty
] The prominent feature la tho progress Of the
| CESTRAL PA Iuc RAILROAD IL the remarkably
| largo and profitable Local Business which IL do
veloPed upon the completed portion, moro than
iustifying the estimates Of IT. pfojectora-thAt
the Immense trafho between tho ports Of Call.
fornia and the mining regions Of tho Init or
would sustain a drst-olAss railroad line even II
tho overland connections were not built The
net profit upon operating the link Of less than
one hundred miles, thus Tar, feasbes nearly two
millions In gold. and thia ratio viii be- doubled
during tho coming season, when the entire
mOuntAlH transit is made by tho locomotive.
With every extension of the track, the business
aud profits Of the completed part are Increased,
10 that when the overland through trafho shall
be- csntsrcd upon tho CENTRAL ROAD. tho gen.
eral prosperity Of the company will be without
parallel, and it, securities appreciated CORES.
pondlngly The CESrHAL PGciHc RAnHoAD
CoMTANT offer for sale thsirFlhST hORTOA0E
THIRTY YEAR SIX PR CENT. GOLD
BONDS, and submit IN lnvcstors TIE
| following among other obvious oonslasfa-
| tons and invite the comparison With the merits
and eIoellsnoios Of any class Of Corporate 60
eurities:
! l. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
! Railroad soon % become the main channel Of
comm unicatOn on the ccntinsnt
49,
! from l. remarkably large and profitable, and
must constantly increase.
! III Tho hardest part Of the road 10 nov
built, and the remainder will BE- rapidly earned
| forward ever tho Salt Lake Plains
". The greatest part Of the moan, necessary
/ 20 build the road IL provided By the q. D. GOV
erRmsnt upon subordinate len
v Tho State and chief cities Of California
have contributed upward Of tJ,00,v' 70 NO
enterprise without len.
VI The grant Of land IL destissa ~ an striy
! day 20 prove 81 far greater narkst vaiae bAa
the total Of the ars; mortgage bonds lssusd
upon the road and eSaipmshtA
VII. This road liss altogether among the gold
and silver producing regions and 10 rsTsnuss
are received ~ CON-
VIII. TAs management u this company has
been In the highest degree prudent and fraEL,
and interest 10 devoted 10 construction DarDs
sea
/ X. The interest lIsbiliti.. of the company
| are even now les than third tbs net sarhihEs
upon the road pledged.
Y. Both Prin1lDal and Tnt>res are peras1t.
Gold. under special proTssiOna q both sst0ns
and STATE enactnsDL
The bonds are In sums Of 1900 saeh, vita
.srni-annuAl gold coupons ATTAINED and are o.
s,rsd for AZ At IS psf cent Of thstf par vsss'
,pd accrued interest from Jan. !. aAAsd' ID q"
reney.
g., tI - th0aEh repaid n f81 IL ~
this time they yield nearly
yryx PEE oxn TROY rHE INVEST
-rh.., bos1s I'D fair 10 attain tie most prom.
| t,e.t poaifiOn AmonE the hOn-spscalatiys In
Xssfnsnts q The COUNTRY, and VII b A@tTsly
I ssAlt IN a The msnsy centres In K1roDs-
] Haldsrs 81 GOTsrnmsut securities have AZ e1'
portsnity q exchanging them for csBtni Pc
eihe B0nds bsAunE an equal rate of interest
With The principal well scared, and 81
REALIzISo 4 PROFIT or TES 70 ~
rEKs PER CENT IN ADDITION
Al, m. fssd. throaEh rssponsi'
Order, sest I'll yaar ~. cS1p.slss sin receive