The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-05
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

MOrtS12e BOndS.
1t is commonly known that the General Gov.
ernmonL for wise purposes, has given its aid
and encouragement 70 the construction Of one
MAIN THROUGH LINZ or RAIIRoAp nom the Pa.
cihc Ocean across the Territories 20 connect
with the various Eastern branshes of the Pa
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which tho mighty trans-continental traffic
Will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying it forward with
greater energy and persistence than was ever
| shown In any siVlilar work In ancient or modern
times-will buiia, equip, own and control tho
Western Half of this Through Line the most
productive, favored, aud valuable portion OF the
whole and may Justly be regarded AZ possessing
the richest franchise ever granted on this cont.
\ nent.
| The Act Of Congress c0nfers upon the Corpo-
| rations, besides the right Of way across the Ter
ritores gift Of u 500 acres OF tho public lands
| per mile contiguous ts this line, aud an appro.
priation from the National credit OF SIXTY NIL
LIONS i'm PER CENT. BONDS, delivered a. the
work progresses or half the estimated cost OF
the Through Line and Branches. Theso Sub
sidy bonds the company may cancel in q course
of years by the Transportation services Of tho
Roads and q small per csntage Of their net earn.
ings they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes them 20 issue an
equal amount Of their own First Mortgages
Bonds Of corresponding denominations, 'eAieA
NhdQ b. The first claim upon the irA0tS rdrodd prop.
srty aud % iHhieh the liSH Of The Government sAaH
| be subordinate rs means OF moro readily secur'
ing the remaining half Of the capital for the con
stTuctioni the equipments, &C. being provided
out OF the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Ia there
fore, in an important sense, a SEsu NATIONAL
Work aided and commended by the people. tho
Legislative power, and tho Executive odlccru,
though its management Ia adminiStfTsd Wiusdl
The care aud JoTcfh0ugh Of he most emtnsnf prtpdO
corporations, Being under tho constant super.
yiaon Of the Govornment-who, being tho prin.
cipal creditor, accepts subordinate and oontin.
| gent lien-with 10 largo an amount Of addition.
al capital also invested In the property pledged.
! IL is believed that no securities now offered In
tho market possess the sane claims 90 oonh.
dencc and market vrlue, except those Of tho
| Government.
| Under these fayonng auspicea very gratifying
progress has been made In extending the nilroad
| track from both directions Nearly 1000 miles
/
tween the Missouri River and the base Of the
] Rocky Mountains have been built within three
| years. The CENTRAL PACIFIC RAILROAD has
also steadny and successfully carried the Main
Stem Line from the steamboat navigation OF tho
| Pacific 20 the summit Of the Sierra Nevada, and
! into the Great Salt Lake Basin east Of tin Cali
| fOrnia line. Having overcome by far the most
| difficult and expensive portion OF tho whole
| line the probabilities Of the through connection
with tho Eastern lines being effected In 1910
amount almost 20 certainty.
The prominent feature in the progress Of tho
| CENTRNL PA U1C RAILROAD Is tho remarkably
| large and profitable Local business which 10 do
| yeloped upon tho completed portion, moro than
| iustifying the estimates Of it, professionalism
| the immense traffic between the ports Of Cali
| fornia and tho mining regions OF Tho intsS OF
| would sustain q hst-ClaEs railroad limo, even
| the overland connections were not built Tho
net profit upon operating tho Link OF less thAs
one hundred miles, thus Tar, reaches nearly two
millions In gold. and this ratio VIII DO doubled
during tho coming season, whom tho entire
mountain transit n made by tho locomotive
with every extension Of the track, the business
and profits Of the completed part arc increasedi
40 that when the overland through traffic shAn
be centercd upon the CENTRAL ROAD, THO gen
! eral prosperity Of the company viii be without
parallel, ard It's securities appreciated CORES.
| pondngly. Tho CENTRAL PACIFIC RAILROAD
CoNPANY offer for sale tboirFIRST MORTGAGE
Thirty YEAR SIX PER CENT. GOLD
BONDS, and submit 10 Investors the
=. following among other obvious o0naidera.
tons; aud invite the comparison with thsmerits
and eIcellcncies Of any class Of Corporate 50
gurities;
I. These Bonds are based upon the most vital
and valuable part OF the Grand National Pacific
Railroad soon % become tho main channel of
communication on the continent
H. The local settlement and business there.
from Ia remarkably large and profitable, and
must constantly increase.
III. The hardest part Of the road is now
built, and the remainder will be rapidly carris a
forward over the Salt Lake Plains.
". The greatest part Of ID. means necessary
IN build the road IL provided by the U. ). Gov
| eminent upon a subordinate lien.
V. The State aud chief cities Of California
have contributed upward Of ~ coo 900 10 tho
enterprise without len.
vi. Tho grant Of land IL destined at an early
day to prove Of far greater mAfset value than
tho total Of the frat mortgage bonds issued
upon tho road and oquipmSDts-
| VII This road lies altogether among the gold
and silver producing regions, and Ia revenues.
are received In coin.
VIII The management Of this company has
/ bSen In the highest degree prudent and frugal.
and ths whole surplus. si.er payment Of eIpsnss
ses.
/ TX. The interest liabilities Of the company
I a
upon the road pledged.
K Both Principal and IEtSrest are payd1< u
Gold, under special provisions Of BOTH Sati0ns
and State enactment.
The bonds are In sums Of ti0ls each, wiz
/ semi annual gold coupons attached, and are o.
fsrsd for Eals at % per cent Of thsir par Vsas'
and accrued Interest from Jan. I, adaed In cur
rency.
The back interest is charged az .Ig %
In etfrrsney though repaid IN iun
this tine they yield nearly
NINE PER oEyI UPoS 7HR INVEST
YEST
H., bosas bid fair 20 attain the most prom.
- ,,lsfl0n among the nOnFDecul2cTe In
..iSa...,ssfs az the country, and VII b aSuVelJ
IssIf IN ~ the msBsy-eeDtrss IN KurOps-
BOldsrA Of Government securities have an n
/ pSrtunity Of sIchan zfrg them for Central 70
I eihc BOuds bearing an equal rate Of Interest,"
With the principal well secured, and OF
REALIZING A PROFIT or TES 10 l."
TEEN PER CENT ~ ADDITION
opasrs sent With the funds thseCsSn re ,Isa,.
7 HE Banks OF Express CsD1e .a..y, Rr
N4D .--.I., ponds ssuf u retaf1 -