The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-16
Central Pacific Railroad First
Mortgage Bonds.

|
| It is commonly known that the General Gov.
eminent for wise purposes, has given its aid
and encouragement 70 the construction of one
! MAIN THROUGH LINE or RAILROAD from the Pa
cihc Ocean across the Territories 70 connect
] with the various Eastern branshes Of the Pa
Gihe Railroad system, and which will form the
! GRAND TRUNK RCUrE TO the Far West
upon which the mighty traRscORtinental trafhc
| will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-WhO are carrying it 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 the
whole, and may Justly be regarded 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.
ritOries gift Of ~ 500 acres OF the public lands
| per mile, contiguous - this line, and an appro-
! pnatiOu from the National credit Of sixty MIL
| LIONS in PR CENT. BoNnS delivered ~ the
! work progresses; or half the estimated cost OF
! ths Through Line and Branches. 1hese sui
sidy bonds the company may cancel in = csurss
| Of yeaTs by the Transportation. services Of the
Roads and small per csntAge Of their net earn.
ings; they, therefore, consulate an element Of
great strength 70 tho corporations.
The act further authorizes them 70 issue an
equal Smount of their own First Mortgage
Bonda Of corresponding denominations uAieh
shdH BE- he first eldia upon tie iohOle railroad prop
srty aud % 10hieA TIE lSA Of he Government shall
be subordinate, a. 4 means Of more readily seour
ing the remaining half Of the capital for the con.
structioni the equipments, &c, being provided
ont Of the capital stock subscriptions and other
sources
The great CENTRAL PAcIFTc RAILROAD IL there
fore, In an important sense, q SEAu- NATtoNAL
WORK aided and commended by the people, the
Legislative power, and the Executive otiiceru,
though ia management In administered Uth az
he care aud IOrsthOtigh Of he most sminsnt private
corporations. Being undeT the constant super
vi8iOn Of the GOvernment-whO being the prin'
Cipal creditor, accepts n subordinate and cOntin.
gent lien-With ~ 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 san claims ~ conf
drnce and market value, except tbuse 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 and c0nverging Branches DO
! tween the Missouri River and the base of the
becky Mountains have been built within three
| years. The CENTRAL PACIFIC RAILROAD has
also steadily 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 the Call.
| fOrnia line Having overcome by far the most
difficult and expensive portion Of TIE whole
line. the probabilities Of the through connection
with the Eastern lines being elected in 1870
amount almost 10 certainty.
The prominent feature In the progress Of the
CENTRAL PA GFTC RAILROAD Is the remarkably
large and profitable Local Business which a. dc.
velOped upon the completed portion more than
ustifying the estimates Of its pIOjectOrs-thAt
the Immense traffic between the ports Of Call.
fornia and ths mining regions Of the int, or
would sustain hrstclass railroad line, even N
the overland connections we're not built. The
net profit upon operating the link Of less than
one hundred miles, thus Ear reashes nearly two
millions in gold and this ratio will BE- doubled
during the coming season, when the entire
mOuntaiR transit Is made by the locomotive.
With every extension Of the track, the business
and profits Of the completed pNrt are increased:
80 that when the overland through traffic ahall
be conferred upon the CENTRAL ROAD, tho gen.
eral prosperity Of the company will BE- without
parallel, and It's securities appreciated CORES
| Dondingly. The CENTRAL PACIFIC RAILROAD
= JOhPAN1 OueT lot hAlc lnelFE mo 4 NUN bApE
| THIRTY YEAR SIX PER CENT. GOLD
BONDS, and submit 10 Investors TIRE
following among other obvious oOnsiaera.
tons; apd invite the comparison with the merits
and ezcellencies Of any class Of Corporate sc.
! suTities:
I. These Bonds arc based upon the most vital
and valuable part Of the Grand National Pacific
Railroad, soon 10 become the main channel Of
communication on the continent.
II. The local settlement and business there.
from il remarkably large and profitable, add
must constantly increase.
Ill The hardest part Of tho road IL now
built and the remainder will b. rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
70 build the road il provided BY the L. >. Gov.
eminent upon a subordinate len.
V. The State and chief cities Of California
have contributed upward Of o. 600 90 10 the
enterprise without len.
| VI The grant Of land IL destined At an early
day 70 prove Of far greater market value thAo
the total Of the frEt mortgage bonds AA1"o
upon the road and equipmenb
VII. This road lies altogether among the gold
and silver producing regions, and its rsvenuss
are received Ia coin.
VIII. The management Of this company hAs
been in the highest degree prudent and frugal,
and the whole surplus, after payment Of eTpsnss
and interest, IL devoted 70 construction parps
So.
X. The interest liabilities Of tia company
are even nov les than = third the net saTilnEs
upOR the rad pledged
K. BOth Principal and TatSrsEt are Dayabk -
God, under special DrovlsiGls Of both National
and state enactment.
The bonds are in sums Of 1900 each, With
ssmi7AuRaal gold coupons attached, asd are o.
ferbd for sale a. Is per cent Of their par value
and accrued interest from Jan. !, adaSd. In eur.
reney.
The back interest IL charged At SKIP sent
In currency, though repaid In fail 10 gO(d A
this time they yield nearly
NINE PER OKET. UPoS TIE IBVEsT
HEYT
These boudsb!a fair 70 attaiE the 5s.. yr'sss
ipsut nostfi0n among the nOo1peculafiTs %
vestHnents Of the country, and VII Be s41's'y
dealt IN - TIE nsDey -CsBtrvs n EafDpe- -.
H0ldsrs Of GOvsrnmsnt securtties AVE Z
- 80. bssyfn- Al saaal nate Of Interest
Iith IT, prircipal vel ssourrd, @na0
Rr,LIzIyo A PROFIT or ZEE 70 PIP