The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-06
Principal & Interest in Gold Cain.
Central Pacific Railroad First
Mortgage Bonds.

II Is commonly known that the General Gov.
eminent, for wise purposes has givcn It's aid
and encouragement 70 the construction OF one
MAIN THROUGH LINE or RAILROAD from the Pa
cifc Ocean across the Territories 70 connect
with the various Eastern branshes OF the Pa
cifc Railroad aystsm, and which will form the
GRAND TRUNK ROUTE To- the Ear West,
upon which the mighty trans-oontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANH-who are carrying 10 forward with
greater energy and persistence than was ever
shown Ia any SIMILAR work In ancient or modern
times-will buiid, equip, own and control the
Western Half OF this Through Line the most
productive favored, and valuable portion OF the
whole, and may Justly DO regarded as possessing
the richest franchise ever granted on this cont.
nent.
The Act of Congress confors upon the Corpo-
rations, besides the right Of way across the Ter
ritories gif; Of II 800 acres OF the public lands
per mile contiguous 70 this linel and an appro-
priation from the National credit Of SlNri sul
LIONS in 8 PR CENT. BONDS, delivered ~ Che
work progresses; OF half the estimated cost OF
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 small per centAge Of their net earn.
ings; they, therefore, consulate an element Of
great strength TO the corporations.
The Act further authorizes them 10 issue IN
equal amount OF their own First Mortgage
Bonds Of corresponding denominations ,oAscA
shall BE- the grst claim upon hs tcAok rdiiroad prep.
eTty and 20 Vhieh pe len cf ne GOrernlasnf shall
be SubondiRdte rs a means of moro readily secur'
ing the remaining half Of the capital for the con.
struction; the equipments, &c', being provided
ont OF tho capital stock subscriptions and other
sources
The great CENTRAL PACIFIC RAILROAD Ia there
fore, In an important sonso, SEn NATIONAL
Work, aided and commended by tho people the
Legislative power, and tho Executive oflceEs,
though It's management u administered ,oiLhaQ
The care and ToTethOiigh u he most eminent prsds
corporations. Being under the constant Auper.
vision of the Governmont-who, being the prin.
cipal creditor, accepts \ subordinate and contin.
gent lien-with 80 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 tho sane claims 20 oonh.
dence and market vHlue, except those Of the
Government
Under these favoring auspices very gratifying
progress has been made In extending the nilroad
track from both directions. Nearly 100 miles
tween the Missouri River aud the base OF the
Rocky Mountains have been built within thrco
years. The CENTRAL PACIFIC RAILROAD has
also steadny and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 the summit Of the Sierra Nevada. and
into the Great Salt Lake Basin east Of thu Call.
fornia line Having overcome by far the most
difficult and expensive portion Of the whole
line, the probabilities Of the through connection
with tho Eastern lines being effected liz 1879
amount almost 10 certainty.
The prominent feature In the progress Of tho
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local business which II do.
velOped upon tho completed portion, moro rhan
justlfying the estimates Of ia PROFESSIONALISM
the immense traffic between the ports Of Cali
fOrnia and the mining regions OF the Inter OF
would sustain q hrst-class railroad line, even y
the overland connections wero not built. The
net profit upon operating tho link Of leas than
one hundred miles thus FAR, reashes nearly two
millions In gold: and this ratio will DO doubled
during the coming season, when the entire
mountain transit Ia made by the locomotive.
With every extension Of tho track, the business
and profits Of the completed part arc increased
so that when the overland through trafho shan
DO conferred upon the CENTRAL ROAD, tho gon.
eral prosperity Of the company viii DO Without
parallel, and ia securities appreciated CORES
pondingly. The CENTRAL PAcinc RLIRoAD
THIRTY.YEAR SIX PR CENT. GOLD
BONDS, and submit 20 Investors tho
following among other obvious cOnsidern
tions; and invite the comparison with themerits
and eIoelleBcits Of any class OF CorporAts 60
Gurities;
I. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad soon 20 become the main channel OF
communication on tho continent
II The local settlement and business there.
from Il remarkably large and profitable, snd
must constantly increase.
I'LL Tho hardest part Of the road 10 now
built, and the remainder viii DO rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means nsoessary
10 build the road Il provided BY tho U. . O0V.
eminent upon a subOrd iuats lien.
V. The State and chief cities Of California
have contributed upward Of tJ,OO,Do 10 the
enterprise without lien.
VI. Tho grant Of land ia destined Al an early
day % prove Of far greater market value than
the total Of the 6rst mortgage bonds Issued
upon the road and equipments.
Z VII. This road lies altogether among tAegold
and silverproducing regions, and it, revenues
are received In coin.
VIII The management Of this company has
been In the highest degree prudent and frugal,
and the whole surplus after payment Of srpSuss
and interest, IL devoted 20 construction purps
sss.
TX. The interest liabilities Of the company
are even now less than a third the net esrhinks
upon the road pledged.
4 Both PrfneiDal and IBi0ea ara JaTatk Y
cd under special provisions Of both sstsonA
and STATE ehactInent
The bonds are In sums Of toe eAeh, vit
ssrui- annual gold coupons 8ttArhen ana are 81
fer.d for szls At % per cent. Of tbsir par Wa
and accrued interest from Jan. !, Adssd' y cur
rency.
The back intsres, Il charged a ,iI2 e'
iu currency though repaid IN faH ~ 80
this time they yield nearly
NINE PER oKn. UFoS 'HE "ySSr
HEH
H.. bond. ~ fair 20 attain the most prom
~ 80 ausong The nOn-spsculatiye In
Lhe.s 20 % The country. and vi BE- a-dEsly
80, h ss the msnsy centres In EBroDe.
.roiSsrs 81 Government securities have 40 op-
,.o-faBlty Of eIchanging them for Cssul Re
- BOads tearing an equal nate 81 interest
Nth the prineipsl sel secured, and q
REALIZING A PROFIT or TgE 10 III
TEEN PER CENT IN ADDITION
orasrs sent With the fanas thrs,ss1n 1870
he Ranks o. Erpreas Cozp1nsss "" - ~,
gronpt attention. BOnds ~ "a ~ 500. a