The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-17
STEADY INVESTMENT
Principal & Interest in Gold Coin,
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t is commonly known that the General Gov
eminent, for wise purposes, has given its aiC
and encouragement to the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean across the Territories 10 connect
| with the various Eastern branShes Of the Pa
| CitiC Railroad system and which will form the
| GRAND TRUNK ROUTE to the Far West
upon which the mighty transcOntinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
| C0MPANY-who are carrying il forward with
| greater energy and persistence than was evsl
shown in any siD'ilar work in ancient OF modern
| times-will bui'u, equip, own and control the
Western Half Of this Through Line. the mos
productive, favored, and valuable portion Of the
whole, and may iustly DO regarded possessing
the richest franchise ever granted on this CONT
nent.
The Act Of Congress conters upon the Corpo
ratiOns besides the right Of way across the Ter
rtories gift of L. SUI acres OF the public landl
per mile, contiguous to this line, and an apprO
priation from the National credit of sixty MIL
LIONS in 6 PER CENT. BONDS, delivered as the
work progresses; or hAlfthe estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q 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, tchich
shall be the first claim upon The ohOIs railroad prop
eTty, and 10 I0hich the lien Of The Government shat
be subordinate, as a means Of more readily secur.
ing the remaining half of the capital for the con.
struction; the equipments, 60, being provided
out of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD Is there
fore, In an important sense, q SENI.NATIoNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered 10Th al
The care and IOTethOuqht Of The most eminent pirate
corporations. Being under the constant super
vision of the GOvenment-whO, being the prin-
cipal creditor, accepts subordinate and cOntin.
gent lien-with so 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 To conn
dence and market value, except those Of the
Government.
Under these favoring auspices very graft lying
progress has been made in extending the railroad
track from both directions. Nearly 1900 miles
of the Main Line and cOnverging Branches he
tween the Missouri River and the base of the
Rocky Mountains have been built " hin 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 Rasin east Of the Cali
tOrnia line Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities of the through connection
with the Eastern lines being effected in 1870
amount almost to certainty.
The prominent feature in the progress Of the
CENTRAL PA IFIc RAILROAD Is the remarkably
large and profitable Local Business which Ia dc.
velOped upon the completed portion, more than
ustifyinR the estimates of its pToiectors-that
the immense traffic between the ports Of Cali
forna and the mining regions Of the int,i or
would sustain trst-Class railroad line, even II
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 are Increased;
30 that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and its securities appreciated corres
pOndingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFlhSI MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors TIE
following, among other obvious consiaers
tiOns; and invite the comparison with the merits
and eXcellencies of any class Of Corporate ~
eurities:
I. These Bonds are based upon the most vita
= n IA
Railroad, soon 10 become the main channel u
communication ON the continent
III. The local settlement and business Their O.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part OF tho road 70 now
built, and the remainder will DO rapidly carrie
forward ever tue Salt Lake Plains.
". The greatest part Of the means necessary
to build the road ia provided by the L. ;. Gov
erRmeut upon a subordinate lien.
V. The State and chief cities OF California
have contributed upward Of tj,OyJDUJ 10 the
enterprise without lien.
VI. The grant Of land Is destined at an early
DAY to prove Of far greater market valno thar
| the total Of the first mortgage bonds issue'
upon the road and equipments.
/ VII. This road lies altogether among the Zol 4
and silver producing regions, and its revenues
are received in coin.
! VIII. The management Of this company ha'
been in the highest degree prudent and frugA4
| and the whole surplus, after payment OF "opens
/ nd INT il davOfRl construction
ses.
TX. The interest liabilities Of the company
are even now less than a third the net earnings
/ upOn the road pledged.
z Both Principal and Tst,rest are paya5< IN
! Gold under special prOvisiOos Of ooth Nstioh2'
! and State enactment.
The bonds are in sums Of tlOGe each, with
| .ar,i-annual gold coupons attached, ana are Of
! go foT ale At IS per cent Of their par value
and aocrsed interest from Jan. !, added, In cur.
rency.
IT,. b,cE interest Is charged Al six cent
| IN e,.r,Snry, though repaid in full IN ga. A
/ this time they yield nearly
VINE PEI CEET. UPON TIE INVEST
MINI
These bonds bid fair 20 attain the most prom
/ inent position among the nOn-sBseulAtive in
vestuents Of the country and will Be aGtivelI
| dealt in a. the msney-ceDtres in Europe.
Holders Of Government securities have an Cd
portunify Of exchanging Il IN for Central Fl
| cihc Bonds bearing an equal rate Of interest
with the principal well secured and IL
REALIZING 4 PROFIT or TEN TO PIP