The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-20
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t Is commonly known that the General Gov.
ernmSnt for wise purposes, has given Its aid
and encouragement 20 the construction Of one
NAN THROUGH LINZ OF RAILROAD from the Pa
ciic Ocean across the Territories 70 connect
with the various Eastern branshes Of the Pa
GRAND TRUNK ROUTE TO the Far West,
upon which tho mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying il forward with
greater energy and persistence than was evel
shown in any siV'ilar work In ancient OF modern
times-will builn, equip, own and control th'
Western HAlf Of this Through Line. the most
productive, favored, and valuable portion Of the
whole, and may Justly be regarded spoSseSsins
the richest franchise ever granted On this couti
nent.
The Act Of Congress conters upon the Corpo
rations, besides the right Of way across the Ter
ritories gift of IL 500 acres OF the public lands
Der mile contiguous 10 this line, and an appro-
priation from the National credit ofSITI NIL.
LIONS in PER CKNT. BONDS, delivered as the
work progresses; or 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 q small per centage Of their net earn
ings; they, therefore, constitute an element Of
great strength 20 the corporations.
The act further authorizes them 20 issue An
equal amount Of their own First Mortgage
IL ~ n,yfaaV,nm1fper Aannuai m ffana srkteh
SHAH BE- the first claim upon The tcAols railroad prop
eTty and % t0hich The liSn Of The Government shat
be subordinate, as q means Of more readily secur.
ing the remaining half Of the capital for the con.
stTuctiOni the equipments, 30, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL PAcfIIe RAILROAD Is there.
fore in an important sense, q SEAu- NATIONAL
WORK, aided and commended by the people the
Legislative power, and the Executive officers,
though its management ia administered Utth al
ne care and IOTetiOgh Of the most eminent prirdts
corporations. Being under the constant super
vision of the GOvornment-whO, being the prin-
cipal creditor, accepts . subordinate and contin.
gent lien-with so large an amount Of addition.
al captAl also invested In the property pledged,
it Is believed that no securities now offered In
the market possess tho sane claims 20 cOnh.
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 Mountains have been built within three
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 tho Cali
fOrnia line. Having overcome by far the most
difficult and expensive portion OF tho whole
line the probabilities Of the through connection
with tho Eastern lines being effected in 1870
amount almost TO certainty.
The prominent feature in the progress Of the
CENTRAL PA U1C RAILROAD In the remarkably
large and prof table, Local Business which 10 do
velOped upon the completed portion moro than
justifying the estimates Of "a pTojeotors-that
the immense traffic between the ports Of Cali.
f0rniA and the mining regions Of the intrI or
would sustain frst-class railroad line, even IL
the overland connections were not built. The
net profit upon operating the link Of less than
ons hundred miles thus far, reRShes nearly two
millions In gold; and this ratio will DO doubled
during the coming season, when the entire
mountaiR transit Is made by the locomotive.
With every extension Of the track, the business
and profits Of the completed part are 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 therFlhST MORTGAGE
YEAR SIX PR CENT. GOLD
B ON DIS and submit 70 Investors ire
following among other Obvious consiaera-
tons; and invite The comparison With the merits
and eIcellenoies Of any class Of Corporate se.
eurities
]. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become the mRip channel Of
mmunicatiOn 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 d
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road il provided by the q. ). Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of S1,OOO.oOO 70 the
enterprise without len.
VI. The grant Of land IL destined At an early
day 10 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 gold
and silver producing regions, and IL revenues
are received ~ coin.
VIM. The management Of this company has
been in The highest degree prudent and frugal
and the whole surplus after payment Of expense
and interest, is devoted to construction purpS-
ses.
TX. The interes, liabilities q the company
are even now less than third the net earnings
upon the road pledged.
K. Both Prinepal and TntsrsH srs Dayabk N
Gold, under special prOybsi0uE u both National
and State enactment.
semi annual gold coupons attached, and are o.
fered for sale At % psr cent. Of their par value
and accrued interest from Jan. ]. sdsed, In cur.
rency.
The back interest Il charged A. SKIP ssAt
in currency, though repaid in fan In gid.
this tine they yield nearly
WINE PER GEM UPON THE HTEsr
RESL
These bonds bid fair 70 attain the most 1ro1s-
fpent position among the n0nTHssulativs ~
vsstusnts Of the country, and VIII bs AsH'"J
deait In Al the msnsy-oentres In Europe.
Holders Of Government securities 5sTe - N
portunity Of exchanging them for - 9I..,..t
eifc Bonds bearing an equal rae p
With the principal well secured sna"
REALIZING A PROFIT or ZES 10 PIP
rEEY PEI cESL IN ADDI1OS.
o-5s-. nsut With the funds thrvazh responAi.
tfs Parks o. Express Companies WIN receive
,-o-1ut ATTENTION BOnds sSnt by return EH
HHre-s % any address In the United stAtea a
ar cost InfoVAti0n, Descriptive pamphlets,
Naps &c, furnished on application q the 0fies
Of The REiiroAd Company, No. - william
street and Of