The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-09
Principal & interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

1t Is commonly known that the General Gov
ernm0nt, for wise purposes has given its aid
and encouragement TO the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean across the Territories TO connect
with the various Eastern Branshes Of the Pa
| clhc Railroad system, and which will form the
GRAND TRUNK ROUTE to the Far West
upon which the mighty trans-continental traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying it forward will
greater energy and persistence than was eve
shown Ia any similar work in ancient or modern
times-will buiin, equip, own and control thu
Western half Of this Through Line the mos
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 - 500 acres Of the public land
per mile, contiguous to this line, and an appre
priation from the National credit Of SIXTY NIL
| LIONS in 8 PRR CENT. BONDS, delivered as tn,
the Through Line and Branches These Sub
sidy bonds the company may cancel in o course
| of years by the Transportation services Of the
Roads, and q small per centage Of their net earn
ings; they, therefore, constitute an element OF
great strength TO the corporations.
The Act further authorizes them to issue an
equal amount of their own First Mortgage
Bonds Of corresponding denominations, Ichich
shall be the first claim upon The tohos railroad prop
eTty and 10 lohieh the lien Of the Government shall
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
6 81 s,,hanrgpt;on. nI oNh
sources.
The great CENTRAL PACIFIC RAILROAD is there.
fore, In an important sense, a SESn-NATToNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered IoitSau
The care aud JOrethough Of the most eminent pripdte
corporations. Being under the constant super
viOOn Of the Government-who, being the prtn'
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 the sane claims TO conf.
dence and market vrlue, 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 converging Branches be
| tween the Missouri River and the base of the
| ROCKY uANb Dccu DullI NllUlu LUTbt
years. The CENTRAL PACIFIC RAILROAD has
also steadny and successfully carried the Main
| 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 the whole
line, the probabilities of the through connection
with the Eastern lines being effected in 1870
| amount almost 70 certainty.
The prominent feature in the progress Of the
CENTRAL PA TFIc RAILROAD is the remarkably
| large and profitable Local Business which il de.
veloped upon the completed portion, more than
| iustifying the estimates of its professionalism
| the immense traffic between the ports Of Cali
fornia and the mining regions Of the inter oil
would sustain frst-class railroad line, even II
the overland connections were not built. The
net profit upon operating the link of less thar
one hundred miles thus far, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entire
mountain transit is made by the locomotive
| With every extension of the track, the busines,
and profits of the completed part are increased
so that when the overland through traffic shall
| 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 RAILBoAI
! CoMPASY offer for sale theirFIhST M0RTG AGF
| THIRTY.YEAR SIX PER CENT. COLL
BONDS, and submit TO Investors u,
! following, among other obvious cOnsiaera
tons; and invite the comparison with themerit
and excellencies Of any class of Corporate SO
| eurities:
l. These Bonds are 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, and
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 Z. s. Gov
eminent upon a subOrdin lien.
V. The State and chief cities Of California
have contributed upward Of s3,OOO,OOO to tn
enterprise without lien.
VI. The grant OF land is destined at An earl,
day to prove Of far greater market value thai
the total Of the first mortgage bonds issue'
upon the road and equipments.
VII This road lies altogether amongthe golt
and silver.producing regions, and Its revenue
are received in coin.
| VIII. The management Of this company Ia
been in the highest degree prudent and frugal
and the whole surplus after payment OF eIpens
and interest, Is devoted TO construction purps
ses.
TX. The interest liabilities Of the SompAn!
are even now less than q third the net earning
upon the road pledged.
K Both Principal and Tntsrest are payable
Gold under special provisions Of both Nations
and State enactment.
The bonds are In sums Of tl009 each, wit
semi,aunual gold coupons attached, and are o
fered for sale At IS per cent. OF theu par value
and accrued interest from Jan. /, added, In eur
rency.
The back interest Is charged at six cen
in currency, though repaid in full in gid A
this time they yield nearly
NINE PER GEM. UPON THE IYVES
HEYT
These bonds bid fair 20 attain the most sror
inent position among the n0nsPsculative i
vestments OF the country, and viii be astivel
dealt in at the msney-ceDtres in Europe.
Holders OF Government securities have an o.
portunity Of exchanging them for Central
cifc Bonds bearing an equal rate q interes
with the principal~ell secured, and Of