The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-19
Central Pacific Railroad First
Mortgage Bonds.

hOAt6 aBC nO"uSs
It 10 commonly known that the General Gov.
for wise purposes, has given its aid
md encouragement 10 the construction of one
dAIN THROUGH LINE OF RAILROAD from the Pa
life Ocean across the Territories 10 connect
With the various Eastern branches Of the Pa.
life Railroad system, and which will form the
TRUNK ROUTE to the Far West
Ipon which the mighty traRs-cOntinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying it forward with
greater energy and persistence than was ever
shown in any sinlilar work in ancient or modern
builu, 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.
ritories gift of Il, 500 acres of the public lands
per mile, contiguous to this line, and an apprO-
priation from the National credit Of sixty NIL
LIONS in 6 PR CENT. BONDS, delivered as the
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 a small per centage Of their net earn.
ings they, therefore, constitute an element Of
great strength 10 the corporations.
The Act further authorizes them 10 Issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, iohseA
shall be the first claim upon ne tohok rdlrodd prop
srtsJ and 10 tphich the lien Of The Government shat
be subordinate as q means Of more 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 RAHRoAD is there
fore in An important sense, a SEMNATioNAL
WORK. aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered i0tth'dLi
he care and oTetkOugh Of the most eminent Prlrate
Being under the Gohstant super I
v;rion OF the GOvernment-who being the prtn'
pipal creditor, accepts n 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 70 conf
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 c0nverging Branches be
tween the Missouri River and the base of tL'
Rocky Mountains have been built within thret
wears. The CENTRAL Pacific RAILROAD hai
also steadily and successfully carried the AaiT
Stem Line from the steamboat navigation Of the
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 mOst
difficult and expensive portion Of tho whole
line the probabilities of the through connection
with the Eastern lines being effected in 1870
amount almost 10 certainty.
The prominent feature in the progress of the
Central PA IFIC RAILROAD Is the remarkably
large and profitable Local Business which Is de
velOped upon the completed portion, more thar
iustifying the estimates of its pTOjectOrs-that
the immense traffic between the ports Of Cali
fOrnia and the mining regions of the int'I OF
would sustain q irst-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 the entire
transit Is made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are increased
be conferred upon the CENTRAL ROAD the gen
eral prosperity of the company will be without
parallel, and its securities appreciated corres
The CENTRAL Pacific RAfLBoAI
COMPANY offer for sale theirFIhST MORTGAGE
SIX PER CENT. GOLD
BON DS, and submit to Investors tA'
among other obvious eonsisera
TONS and invite the comparison with the merits
and excellencies of any class Of Corporate Sc
0urites:
/. These Bonds are based upon the most vita
and valuable part of the Grand National Pacih
Railroad. soon TO become the main channel o
on the continent.
III. The local settlement and business there
from is remarkably large and profitable, an'
must constantly increase.
III. The hardest part Of the road Is nov
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 L. 5. Gov
eminent upon subordinate lien.
V. The State and chief cities Of California
have contributed upward Of t5,OOOOOJ 70 th
enterprise without lien.
VI. The grant Of land Is destined at an earl
day 10 prove Of far greater market value thai
the total Of the first mortgage bonds issue
upon the road and equipments.
EVII. This road lies altogether among the Eol
and silver producing regions, and its revenues
are received In coin.
VIII. The management Of this company hai
been In the highest degree prudent and frugal
and the whole surplus after payment Of eIpens'
and interest Is devoted 20 construction purpe
sea
TX. The interest liabilities Of the eompAn!
are even now less than third the net earning
upon the road pledged.
Z. Both Principal and Int>ren are DdyabIS {
Gold. under spscid provisions Of both sstionl
and State enactment.
The bonds arc In sums Of 5000 each, wit
ssui-annual gold coupons attached, and are o.
fered for sale at % per cent Of their par vAui
and accrued interest from Jan. ], ADDED, In eui
rency.
The back interest l. charged at SIX cen
In currency, though repaid In full In ga. A
this time they yield nearly
NINE PER GEM. UPON The TyTEs;
HBYT
These bonds bid fair 20 attain the most prom
inent position among the non1geeulative u
yestrnents Of the country, and VII De aSuFei
dealt in At the msuey-oeDtres IN Europe.
Holders Of Government securities have az y
portunity Of exchanging them Tor CeGtI1
cfhe Bonds bearing an equal rate o. inI1'''
with the principal vel secured and Of
REALIZING PROFIT or TES 10 Ei1
TEEN PER CEyr ~ ADDITION
18th The funds through TeEp0Dsl
OL aerS = FxDrcss Companies viii reoeiv
bic bAnk lss. - Beads ssnt b. return ZI
profnpt 80 sddress In the United states, .
pref y T.f0rpation D~srTfptfve par1phi-ts