The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-18
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

II is commonly known that tho General Gov.
ernmSnt, for wise purposes, has given its aid
and encouragement TO 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 system, and which will fern the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trans-continental traffic
will concentrate.
Tho CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 1t forward with
greater energy and persistence than was ever
shown In any SIMILAR work in ancient or modern
times-will buila, 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 10 500 acres OF the public lands
per mile, contiguous to this line, and an Appro.
priation from the National credit Of SlxTI MIL
LIONS in 6 PER CENT. BONDS, delivered a. the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
blOy DOuub inc company may C1hCci IN CeuISc
of years by the Transportation services Of the
Roads, and q small per csntage Of their net earn:
ingS; they, therefore, constitute an element Of
great strength 20 the corporations.
The Act further authorizes them TO Issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, toAaeA
shall be the first claim upon the UAolS railroad prop.
ertv, aud 20 tohich the lien Of The Government shdtl
L.. 0fs n Of raaAflx -
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 RAILROAD Is there
fore, In an important sense, q SEhi'NAIloNAL
WORK, aided and commended by the people, the
Legislative power, and the Executive officers
though its management Ii administered utthG al
he care and JorethotigM Of the p'osi eminent private
Being under the constant super
yioion of tho Goyernment-who, being the prtn'
cipal creditor, accepts a subordinate and contin-
gent lien-with so large an amount Of addition.
al capital also invested in the property pledged,
it Is believed that no securities now offered in
the market possess the sane claims 20 conf.
dence and market value, except those Of the
Government.
Under these favorng auspices very gratifying
progress has been made in extending tho railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnverging Branches be.
tween the Missouri River and the base of the
Rocky Mountains have been built within three
years. Tho CENTRAL PACIFIC RAILROAD has
also steadlIy and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific 20 the summit Of the Sierra Nevada, and
into the Great Salt Lake Basin east Of tho Cali.
fOrnia line. Having overcome by far the most
difficult and expensive portion OF the whole
- - 81
with the Eastern lines being effected in 1870
amount almost 70 certainty.
The prominent feature in the progress Of tho
Central PA IFIC RAILROAD Is the remarkably
large and profitable Local Business which is do.
velOped upon the completed portion, more than
iustifying tho estimates of is pTojectOrs-that
the immense traffic between the ports Of Cali.
fornia and the mining regions Of the inter or
would sustain irst-class railroad line, even n
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 tho 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 arc increased;
so that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel and its securities appreciated cores
The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY. YEAR SIX PER CENT. GOLD
BON DS, and submit 70 Investors the
among other obvious eonsiaera-
tons; and invite the comparison with the merits
and eIceencies OF any class OF Corporate Sc.
Gurties:
I. These Bonds are based upon the most vital
and valuable part Of the Grand National Paniho
Railroad. soon 10 become the main channel OF
on the continent
II. The local settlement and business there.
from Is remarkably large and profitable, and
must constantly increase.
III The hardest part Of the road Il now
built and the remainder will be rapidly carrie d
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
TO build the road II provided by the L. ;. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of 5000 90 20 the
enterprise without lien.
VI. The grant Of land IL dsstiRod at an early
the total Of the first mortgage bonds Issued
upon the road and equipments.
VII. This road lies altogether among the gold
and sflver-producing regions, and i,s 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 expense
and interest, IL devoted 20 construction purps
ses
TX. The interest liabilities Of the company
are even now less than q third the net earnings
upon the road pledged.
x. Both Prinapal and IHt>rea are Jayab< -
and STATE enactment.
The bonds arc in sums OF 1900 each. With
semi-aun1Al gold coupons attached, and are Of.
fered for sale a. IS per cent Of their par Vdue
and accrued interest from Jan. ], Add, In cur.
rency.
The back interest Is charged at siIy cent
In currency, though repaid In fall In ga.
this time they yield nearly
NINE PER CENT. UPON THE IYTBsT.
HEgT
These bonds bid fair 20 attain the most prom
inent position among the nonsgeculAtive ~
vestments Of the country, and vii Be asuTeJ
dealt in At the msney-centres In EUr0De
Holdsrs Of Government securities have AZ n
pOrtuBity Of exchanging them foI Cen9is..s.,-.,
Ia Ponds bearing an equal rate q ntefe''
With The principal well secured, aod Of
REALIZING 4 PROFIT or TkS Io FIv
-r.-r ~ ADDITION.