The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-03
Central Pacific Railroad First
Mortgage Bonds.

It commonly known that the General Gov.
eminent, for wise purposes. has given its aid
and announcement 70 the construction Of one
MAIN THROUGH LINE OF RAILROAD frOm the Pa
cifc Ocean across the Territories % connect
with the various Eastern branshes Of the Pa
cihc Railroad system, and which will fern the
GRAND TRUNK ROUTE 70 the Ear West
upon which the mighty traRs-continentat trAfhe
will concentrate. ~. ...'t..
The CENTRAL PACIFIC RAILRoAD
greater energy and persistence than was ever
shown IL any siRlflr work in ancient OF modern
! times-will buila, equip, ewn and control the
Western HAf 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 eonters upon the Corpo-
rationA besides tho right Of way ACROSS the Tar.
ritores gift Of IL 500 acres OF the public lands
per mile, contiguous 70 this line and An appro-
priation from the National credit ofSlxTr MI
LIONS in 9 PER CHIT. BONDS. delivered ~ the
work progresses; OF half the estimated cost OF
| the Through Line and Branches. These Sub
| sdy bonds the company may cancel In o course
Of years by the Transportation services Of tho
Roads, and small per osntage Of their net earn,
nGH; LheY, I1oIokOIo, CouhNIAbn Al NAcl1cAAt "
great strength 70 tho corporations.
The Act further authorizes them TO issue an
equal amount Of their own Fret Mortgage
Bonds Of corresponding denominations, tOAisA
skau b the first oiniBs upon the whole rdalroad prop
erty, and 20 loAieh TIA hen Of The Gopernnsnt iAaI
be Stibordinate rs . means Of more readily secur'
ing the remaining half Of the capital for the con.
struction; tho equipments, 90, being provided
out Of the capital stock subscriptions ard other
| sources,
TIE great CENTRAL PAcIg1g RAILROAD Ia there
fore In an important sense, SEn-hATiosaL
WORK aided and commended by the people, the
Legislative power, and the Executive othcarsi
though It's management is administered ritA az
he care and JorethOtiJh Of Tie most eN'innf prrdts
corporations. Being under the constant super
yiBlon of the COMMUNICATING, being the pm
cipal creditor, accepts 4 subordinate and conun'
cent Nen-with 80 large amount OF addition.
al capital Rlso invested In the property pledged,
IL Is believed that no securities now offered IN
the market possess the same claims TO cont
dence and market value, except those 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 cOnyergiug Branches BE
tween the Missouri River and the base of th,
/ h0CkE MOUNTAINS nave Detu DullI NlLDln tlTct
years. The CENTRAL PACIFIC RAiLRoAp hn
also steadly and successfully carried the HaiI
| Stem Line from the steamboat navigation Of th'
Pacific to the summit of the Sierra Nevada, ant
into the Great Salt Lake Basin east Of the Cali
fornia line. Having overcome by far the mos
difficult and expensive portion Of the whole
line, the probabilities Of tie through connection
with the Eastern lines being effected in isTt
| amount almost TO certainty.
The prominent feature in the progress Of thu
| CENTRAL PA IFIc RAILROAD Is the remarkably
| large and proftab Local Business which Ia do
veloped upon the completed portion, more Char
iustifyinR the estimates OF its Professionalism
| the immense traffic between the ports Of Cali
fOrnia and the mining regions Of the intel. OF
! would sustain first-class railroad line even u
| the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus far, reashes nearly TIVE
millions in gold; and this ratio viii DO doubled
during the coming season, when the entire
mountaiR transit IL made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part arc increased
30 that when the overland through traffic shall
| be conferred upon the CENTRAL ROAD, tho gen.
eral prosperity Of the company viii be without
parallel, and its securities appreciated oorrca.
! pondingly. The CENTRAL PAcnUc RAngoAD
| COMPANY offer for sale theirFIhST M0RTG AGE
| THIRTY.YRAR SIX PER CENT. GOLD
BONDS, and submit 20 Investors TIE
following. among other obvious consiaera-
tions; and invite the comparison with tho merits
and eIoellencies Of any class OF Corporate -
| surit;es:
| l. These Bonds are based upon the most vita
and valuable part Of the Grand National Pacih'
Railroad soon to become the main channel o
| communication on the continent.
! II. The local settlement and business Their Q
from is remarkably large and profitable, an
must constantly increase.
built, and the remainder will DO rapidly carrie
! forward ever the Salt Lake Plains.
| ". The greatest part Of the means necessary
| to build the road il provided by the q. 3. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of Californii
have contributed upward Of t3,oOO,ooO 70 The
enterprise without len.
VI The grant Of land IL destined At an earl
day 10 prove Of far greater market value THAI
the total Of the 6rst mortgage bonds Bsus'
upon tho road and equipments.
WI. This road lies Alt0gstber among the goid
and silver Aa" -
| are received in coin.
VIII. The Management Of tails company bAs
bSen in the highest degree prudent and frugal
I and the whole surplus after payment u eIpsnss
! AID interest, IL devoted 20 construction purDS
sesL
TX. The Interest liabilities Of the COMPANY
I are even now less than q third the net earbip q
upon the road pledged
| Z. Both PrinaspsI and InL>Test are 1ayabl< q
Gold, under special provisions Of both Nations
| and State enactment.
{ he bonds are IN sums Of tI0Ss each, Wit,
Ssmi-snnual gold coupons attached, and are Of
! fered for sale At % per cent Of thsiJ par vGtus
and accrued interest from Jan. /, Gdded, In cur
reney.
( The back interest Il charged at siI2 cent
In er77sHey though repaid In full In 1'tf.
this tins they yield nearly
NINE PER OgET UPON TIE HVEs1
HEEE
These bonds lid fair 70 attain the most prom
ineut position among the boaTeecuiaoys b
vestuents Of the country, and VII Be hsuVeij
dealt In at the msney-oeBtres In Europe
Holders Of Government securities have a.
uortuuity OF exchanging them for CentrD
efhc Bonds bearing an equal r1ts 81 nSe
With the principal well secured. ana +"
REALIZING PROFIT or rkS 10 y"
TEEN PER CENT " ADDITION
o,,, vith the funds through Tespoaz.'
OTaenl s ~ EIprsss Companies viii reoelys
De B1HI stsSstioa- Bead. ant By rstarn II
pronP.., ~ address IN tie United states, Al
100 Information, Descriptive pamphlets,
49, &c, furnished on Application AZ the Once
a he R4slroad Company. No. - william
ssrsst AID Of