The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-29

II Il osmmonly known that he Geusral Gov
enmsnt for wise purposes, has given It's aid
and encouragement % the construction Of one
lGAN fHRoUeH LINE or RAILROAD from the Pa
tic Ocean Scross the Territories % connect
With the various EAstaTn branshes Of the Pa
cinc Railroad system, and which win fern the
GRAND TRUNK ROUTE 70 the Far West
upon which the mighty trAns-continental trafHe
VIII eoncentrAte.
The CENTRAL PACIFIC RAILROAD
COAPANY-who are carrying 50 forward with
greater energy and persistence than was ever
shown In any siRSilAf work In ancient OF modern
times-wil bui.u, equip own and control tho
Western half Of this Through Line. the mos,
productive, favored, and valuable portion Of the
whole, and may Justly be regarded a. possessing
the richest franchise ever granted on this coup-
nent.
The Act Of COagress cenisrs upon the Corp~
rAtions, besides the night Of way across the Ter.
rtories gin Of ~ 500 acres Of the public lands
per mile, contiguous 10 this line, and an sppro-
priatiop from the National credit of SIKH NIL
LIONS In PBR CANT. sospA delivered ~ the
work progresses; or half the estimated cost Of
he Through Line and Branches. These sub
Iidy honda the company may cancel In oeurss
$3.50 and ANAL per csntags Of their net earn
nRs, they. therefore constitute an element %
great strength to the corporations.
The Act further authorizes them 70 issue an
equal amount Of their own first Mortgage
Bonds Of corresponding denomination, WAssA
srty, and 20 soAieh ne hen u ia GoSanlaSHf shall
b ssfbordsnats, az q means Of more readily secur
ing tho remaining half OF the capital for the con.
struction; the equipments, Ae-, being provided
put Of the capital stock subscriptions aud other
Iources.
The great CENTRAL PAcfEIs RAILROAD Ia there
ore In an important sonse, q SEsu'NATionAL
WORK aided and commended by the psople, the
power, and tho Executive othcens
though its management IL administered tofth al
As care and JoretkOught ~ the most eminent prtsats
corporations. Being under the constant super.
yinion Of the GOyernment-wbO, being the prin'
cipl creditor accepts subordinate and oontin.
gent lien-with 30 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 vslue, 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 oOnverglng branches 10
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 Jain
Stem Line from the steamboat navigation Of the
Pacido TO the summit Of the Sierra Nevada, an.
into the Great Salt Lake Basin east Of the Cali.
fornia line Having overcome by far the most
difficult and expensive portion Of the whole
limo, the probabilities OF the through connection
with the Eastern lines being effected in 1910
amount almost TO certainty.
The prominent feature in the progress Of the
CESTRAL PA ITIC RAILROAD 10 the remarkably
arge and profitable Local business which In de-
veloped upon tho completed portion, more thAn
ustifying the estimates Of IL pIoiectOrs-thAt
he immense traffic between the ports ofCAli.
'ornia and the mining regions Of the intsP or
would sustain . hrst-clAss railroad line even 10
he overland connections were not built Tho
let profit upon operating the link Of Less than
inc hundred miles thus FAR reashes nearly tive
Millions in gold: and this ratio viii b. doubled
turing the coming season, when the entire
mountain transit Il made by the locomotive.
With every extension OF tho track, the business
md profits Of the completed part are increased
% that when the overland through tTaiho shAll
10 conferred upon the CENTRAL ROAD the ger.
,ral prosperity Of the company will DO without
parallel. and ia securities appreciated c0rres
DOndlngly The CENTRAL PACIFIC RAILROAD
LoMPASY Offer for sale their Inst MORTGAGE
SIX PR CENT. GOLD
BONDS and submit 20 Investors Ire
following among other obvious oonsiasrA-
ions. and invite the comparison with tho merits
and sKoellenoiss Of any class Of Corporate So
sunues:
I These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel Of
com m unisation on the continent
IL The local sottlsmsnt aud business there
from IL remarkably large and profitable. aud
must constantly increass.
III. The hardest part Of the road Ia nov
built and the remainder viii BE- rapidly carried
forward over the Salt Lake Plains
". The greatest part 81 the means necessary
10 build the road Ia provided By the U. Gov
erHment upon a sub0E dinAtS Hen.
V. The State aud chief cities Of California
have contributed upward Of t3OOJlO0 20 tbs
enterprise without lien.
VI. Tn. grant Of Land IL destissd At an saTiJ
d.v 20 proys of FAR greater market value thAs
the total Of the frst mortgage bonds lssnsd
upon the road and squipmenia
Z VII. This road lies Altogstbsf among the gold
md silver producing rsEious, and Ia rSvsnuss
are reoetTsd in coin.
VIII. The management Of thIs company khs
5ssn In the highest degree prudent and fruzL,
and the whole GnrpluS, AFTER payment Of sxpsnss
and Interest, Ia devoted 20 construction VurpS
49,
TX. The Interest liabilities II The company
arc even nov less than . third the Ds; ssrhinEs
upon the road pledged
I. Both PriAoiDal snA I.L0sH are 1ayat< -
Gold, under special pTOVisi0ns q both hstioeH
and state enActnsut.
Tbs bonds are IN sums u tIOos sSeh. sitL
.~mI-anuual gold coupons attached, and are d.
fered for sale AZ % per cent. Of their par vAns'
and accrued interest from Jan J. sasSn - g"
rsRey.
The back intsTOs, IL charged AZ ar,
In s,ITJs1cy. though repaid In foil IN . ~
hi. time they yield nearly
SryE PER oES1. UPoy rHE NTSSr'
REBE
IT,. h,,1, ID fair 70 attain the n0at Iro1,
IBeseslslop ar1Onz the speculative In
LIT .HSts 81 tbs country. and Win b. SSuyiy
!, -. 4, AZ the msBsy centres in EarODe.
tatisrs Of GOTernmsEt securities have an gP'
.o--fEs!ty d eIchan Eing them for CsDtEJ Pa
~ Bosds tearing an equal rate Of int<rcH
Tith the prbndpal vel secured. and d