The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-01
Principal & Interest in Gold Coin.

1t Is commonly known that ths General Gov.
eminent, for wise purposes has given its aid
and encouragement 10 the construction Of one
MAIN THKoUGH LINZ OF RAILROAD from the Pa
cifc Ocean across the Territories 20 connect
with the various Eastern Branshes Of the Pa.
cific Railroad system, and which will form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty traRscontinental tratfie
viii concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-yho are carrying IL forward with
greater energy and persistence than was ever
shown in any similar work in ancient or modern
times-win bui.a, equip, own and control the
Western half 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
7itories gift Of l2 500 acres Of the public lands
per mile, contiguous 70 this line, and an appro-
priation from the National credit Of sixty NIL,
LIONS in 6 PER CENT. BONDS, delivered a. One
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in course
of years by the Transportation services Of the
Roads, and q small per centage Of their net earn.
ings; they, therefore, constitute an element Of
great strength 70 the corporations.
The ACT further authorizes them to issue an
equal amount Of their own First Mortgage
Bonds of corresponding denominations, phieh
shall be the first claim upon s tohOS TdiIrOdd. prop
ertv and 10 tvhieh the lien Of the Government ShdA
BE- subordinate, As q means OF moro readily secur'
ing the remaining half Of the capital for the con.
struction; the equipments, &C., being provided
out Of the capital stock subscriptions and other
sources. ..
The great CENTRAL Pacific RAILROAD Is there
fore Ia an important sense, q SEAu'NATIoNAL
WORK, aided and commended by the people, the
Legislative power and the Executive ofloeEg
though its management Is ad1inlSfsred euAah
"a go mi az ds most s-,i'ss"t private
-. psI-s aIider tho constant Spper-
- Al -. OF the Government--who, being theTrtn'
cipal creditor accepts subordinate and oontin-
gent lien-with 80 large an amount Of addition.
al capital also invested In the property pledged,
IL Is believed that no securities now offered In
the market possess the sane claims 10 cOnh.
dence and market value except those OF the
Government.
Unuor these lhyOrlIR auspices very gfAlliylnB
progress has been made in extending the Tnilroad
track from both directions. Nearly 1000 mileS
of the Main Line and c0nverging Branches De
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
years. The CENTRAL PACIFIC RAILROAD has
also steadlIy 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 tin Cali.
fOrnia line. Having overcome by far tho most
difficult and expensive portion Of the whole
line, the probabilities Of the through conn ection
amount almost TO certainty.
The prominent feature In the progress Of the
CESTRAT "a IFfC RAILROAD Is the remarkably
large anu profitable Local Business which is de-
veloped upon the completed portion, more than
iustifying the estimates Of it, PROFESSIONALISM
the immense traffic between the ports Of Cali
fornia and the mining regions Of the inttG or
would sustain hrst-olass railroad line, even n
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 tho entire
mountain transit Is made by the locomotive.
With every extension Of the track, the business
and profits of the completed part arc increasedi
80 that when the overland through traffic shan
be conferred upon the CENTRAL ROAD, THO gen
eral prosperity Of tho company will be without
parallel, and its securities appreciated oorres
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIRST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors the
following, among other obvious oOnsidera
tions: and invite the comparison with tho.merits
and eIcollencies OF any class Of Corporate ~.
Ourities:
l. These Bonds are based upon the most vital
and valuable part of the Grand National PACING
Railroad. soon 10 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.
III. The hardest part of the road Is now
built, and the remainder will be rapidly carrie d
forward ever the Salt Lake Plains.
". Tho greatest part Of tho means necessary
to build the road IL provided by the u. =. Gov.
eminent upon q subordinate lien.
V. The State aud chief cities OF California
have contributed upward Of 5000 90 70 the
enterprise without lien.
vi. The grant Of land Is destined at an early
day TO prove Of far greater market value than
the total Of the first mortgage bonds issued
upon the road and equipments.
syT This road lies altogether among the gold
and siiver.producing regions, and its revenues
are received In coin.
VIII. The management Of this company has
bsen In the highest degree prudent and frugal ,
O. NaNa nae
and interest, 10 devoted 70 construction purpo-
ses.
TX. The interest liabilities Of the company
are even now less than q third the net earhinks
upon the road pledged.
X. Both Prineipai and TRtSreh are pdya6liE
Gold. under special provisions Of both Nations
aud State enactment.
The bonds arc in sums Of 1909 each, with
semi-annuAl gold coupons attaehedl and are o.
feEed for sale at % per cent OF their par VHae'
and accrued interest from Jan. !, added IN cur
rency.
Tho back Interest Is charged At SKIP cent
In currency, though repaid In fan In 1OId. A
this time they yield nearly
VINE PER GENT. UPON THE INVEST
MEHT.
These bonds bid fair 70 attain the most prom
inent position among the non speculative In
vestmsnts Of the country, and wiz be SSuFe1J
deaIt 30 al tie nsney-esbtres In Europe.
Holders Of Government securities have an oP
portunfty Of exchanging them for CSntrAl ~
ci6c Bonds bearing an equal rate Of intsrosf
with the principal wen secured, and Of
REALIZING A PROFIT or TEN 10 PIP