The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-25
:
a
DESIRABLE
STEADY INVESTMENT.
Principal & Interest in Gold OOln'
The attention of Investors, Tr-.stees, EHecu
tors, and others desiring an unuh lally SAFE re
liable and profitable form of permanent invest
meut, ia called to the advantages and assurances
Of the
STEADY INVESTMENT
Principal & Interest in Gold COIN
Central Pacific Railroad First
Mortgage Bonds.

WOEIS Az e DOlHNS'
II ia commonly known that the General Gov
eminent, for wise purposes, has given us alo
and encouragement to the construction OF one
MAIN THROUGH LINE OF RAILROAD from tue IA
cific Ocean across the Territories 70 connect
with the various Eastern Branshes Of the Pa
cific Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West
upon which the mighty tralscontinental tratnC
will concentrate.
The CENTRAL PACIFIC RAILRoAG
CONTAINING are carrying IL forward viii
greater energy and persistence than was evel
shown in any siV,ilar work in ancient OF modern
times-Will builu, equip, own and control tht
western Half of this Through Line, the mos
productive. favored, and valuable portion Of the
whole, and may Justly he regarded spossessinl
the richest franchise ever granted 'n TINS conu
nent.
The Act of Congress confers upon the COrpo
rations, besides the right of way across the Ter
ritories q gift Of IL 600 acres OF the public land
Der mile contiguous to this line, and IN apprO
priation from the National credit of SIXTY NIL
LIONS in PER CENT BONDS delivered IS th'
the Through Line and Branches. These Sub
sidy bonds the company may cancel in q eeurs'
of wears by the Transportation services OF th'
Roads and small per centage OF their net earn
ings; they, therefore constitute an element o.
great strength 10 the corporations.
Tho act further authorizes them to issue Al
equal amount of their own First Mortgage
Bonds Of corresponding denominations, l0hieI
shall be the first claim upon the tchOs railroad prop
ertv and 10 tOhich the lien Of the Government shd'
be StLboTdindts as q means OF more readily secur
ing the remaining half OF the capital ior tine oSn
struction; the equipments, &C., being provides
out of the capital stock subscriptions and othe
sources.
The great CENTRAL PACIFIC RAILROAD is there
fore, in an important sense, a SEH-NATIoNA
WORK, aided and commended by the people, tn
Legislative power, and the Executive officers
though its management is administered Nth q
the care and torethOtght Of the most eminent pT1Uat
eOrpordtions Being under the constant super
vision of tho Government-who, being the prln
cipal creditor, accepts subordinate ana 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 II
the market possess the sane claims to conf
dence and market value, except those of tn
Government
Under these favoring auspices very gratifying
progress has been made in extending the railrOa'
track from both directions. Nearly 1000 mile
of the Main Line and CenYerging Branches be
tween the Missouri River and the base of tn
Rocky Mountains have been built within thTe
years. The CENTRAL PACIFIC RAILKUAD ha
also steadlIy and successfully carried the Mali
| Stem Line from the steamboat navigation of tn
Pacific 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 mos
difficult and expensive portion Of the who'll
line, the probabilities Of the through connection
with tho Eastern lines being effected in 1877
amount almost to certainty.
The prominent feature in the progress Of tn
CEsTRAL PA IFIc RAILROAD is the remarkably
large and profitable Local Business which is de
veloped upon the completed portion, more thai
iustifying the estimates of its pIojeCtors-tha
| the immense traffic between the ports Of Cali
fornia and the mining regions Of the inter o
would sustain sfrst-class railroad line, even
| the overland connections were not built. TIL
net profit upon operating the link of less thai
one hundred miles, thus far reaShes nearly tw
millions in gold; and this ratio will be double,
! during the coming season, when the entir
mountain transit is made by the locomotive
With every extension of the track the bushes
and profits of the completed part are increased
40 that when the overland through traffic shal
be centered upon the CENTRAL ROAD, the gen
eral prosperity of the company will be withOu
parallel, and its securities appreciated CORES
Pondingly. The CENTRAL PACIFIC RALLRoAI
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. COLI
BONDS, and submit to Investors TIT
following, among other obvious cOnsiaera
tions; and invite the comparison with the merits
and eKcellencies of any class Of Corporate re
eurities:
I. These Bonds arc based upon the most vita
and valuable part of the Grand National Pacific
Railroad soon to become the main channel o
communication on the continent
II. The local settlement and business there
from Is remarkably large and profitable, anC
must constantly increase.
III. The hardest part Of the road is now
built, and the remainder will be rapidly carrie
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road is provided by the .. :. Gov
eminent upon subordinate lien.
V. The State and chief cities of Californis
have contributed upward Of s3,OOO,O9O TO the
enterprise without lien.
VI. The grant of land is destined at an cary
day to prove Of far greater market value than
the total Of the first mortgage bonds issued
upon tho road and equipments.
VII. This road lies altogether among the gol q
and silverProducing regions, and its revenues
are received in coin.
VIII. The management Of this company has
bsen in the highest degree prudent and frugal
and the whole surplus, after payment Of expense
and interest is devoted TO construction purPe
ses.
TX. The interest liabilities Of the company
are even now less than third the net eariin q
upon the road pledged
Z. Both Principal aud Interest are payable "a
Gold, under special provisions Of both NatiOnS'
and State enactment.
The bonds are in sums Of 1900 each, with
semisunual gold coupons attached, and are Of
fored for sale at 95 per cent. Of their par value
and accrued interest from Jan. /, added, in cur.
rency.
The back interest is charged At six cent
in currency, though repaid in full in gid. A
this time they yield nearly
NINE PER GENT. UPON THE INVEST