The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-08
STEADY INVESTMENT.
Principal q Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

Il u commonly known that the General Gov.
| eminent for wise purposes, has given its Aid
! and encouragement 70 the construction Of enc
NAM THROUGH LINE OF RAILROAD ffen tho Pa
cihc Ocean across the Territories 20 connect
with the various Eastern branches Of the Pa
cifc Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far west
upon which the mighty trARs-eontineutAl trEfiis
viii concentrate.
The CENTRAL PACIFIC RAILROAD
| C0MPANY-vho are carrying 10 forward with
/ greater energy and persistence than was ever
shown In any sip,ilAr work in ancient OF modern
times-wiIl HGi.e EQUIP, own and control the
productive, favored and valuable portion Of the
whole. and may Justly be regarded - possessinE
the richest franchise ever granted On thts cont.
nent.
Ths Act Of Congress confsr. upon the Corpo-
nations, besides the right Of way aoroes the Ter.
ritories gin Of IL SO acres Of the public lands
per mile, contiguous 70 this Linz, and an sppro-
pHatiOn from the National credit OF SIKH MIL
LIONS In rRS CENT. soxps, delivered a. the
work progreasea, or half the estimated cost Of
the through Line and Branches These Sub
Eidy bonds tho company may cancel IN osurss
OF years by tho Transportation services Of the
Roads and small per osntage OF their net earn
| Ings they, therefore, oonAtitste An element Of
| great strength TO the corporations.
The Act further authorizes them TO issus an
equal amount Of their own fist Mortgage
Bonds Of corresponding aenomInAtiens, VAaeA
sAal b tAs Arsf e1im upon 10 SAols ralroa4pvop
srty and 10 rAioA tAs hen q u 6overHmsnt sAsA
| b Tub0rdiRats, ~ means OF more readily secur'
ing the remaining half Of the capital for the con.
struction; the equipments, 40, being provided
out Of the capital stock subscriptions and other
| sources
The great CENTRAL PAoIy1e RAnRoAp IL thsrs.
fore, In an important scnse, . sEsrSArtosat
WoRK, aided and commended by the people. the
Legislative power and 10 RSccutivs oaiceu,
though ia management IL adsa.nasi<vd xtlhau
TIE care and JOretAooh Of < psost sussn>af pytssts
corporations. Being under the constant super
vision Of the Governmcnt-who, being the pin
cipal creditor, accept . subordiHaee and oontin.
| gent lien-wtth 20 largo an amount Of addition.
| Al capital also invested In the property pledged,
| 10 II believed that no securities now offered In
dcnce and market Vrlus except those Of the
Government
Under these iavoring auspices very gratifying
progress has been made In extending the ratlroad
track from both directions Nearly 1000 milos
OF the Main Line and cenverqng BranchesSs
tween the Missouri River and the bass Of the
Rocky Mountains have bocn built within three
years The CENTRAL PACIuc RAILROAD bias
also steadily and successfully carried the Main
Stem Line from the steamboat navigation OF the
Pacific 10 tho summit Of the Sierra Nevada, and
1 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, tho probabilities Of thu through connection
/ With the Eastern lines being effected In lsls
amount almost 10 certainty.
The prominent feature In the progress % the
| CESTRLL PA TYTC RAILROAD 10 the remarkably
| large and profitable Local Business which 10 dc.
| yeIoped upon tho completed portion, mora thAn
just(fying the estimates Of IT. PROFESSIONALISM
| tho Immense TRAFFIC between the ports Of Call
forniA and tbs mining regions Of the intst OF
would suataln = brst-olass railroad line, even
| the overland connections were not built. Tho
net profit upon operating the link az less thas
one hundred milca, thus FAR. reashes nearly two
millions In gold, and this ratio VIII be doubled
during the coming season, when the entire
mountaiR transit IL made by tho locomotive.
with every extension Of the track, The business
and profits Of the completed part are Increased;
30 that whom the overland through traffic shall
be conferred upon the CESTRAL ROAD, the Gen.
| erAl prosperity Of the company will DO without
parallel. and its securities appreciated CORES
| pondingly. The CENTRAL PICIy1c RAHBoAD
| COnPANY offer for aAle theirfihST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
lBONDS and submit 10 Investors ire
following, among other obvious oonsidsra.
tions. aud iBStts the comparison With the msrita
and sIosllenoisa Of any class Of Corporate %.
surtios
.,,.i
J. These Bono. are oAnsa np'n ~ 80 20,
! Railroad aOon 70 become the main channel o.
communication on the O. ntinohL
- r.,.., ,.,,,.u.r, and bu,lns.. ,h.,.
ION. mU% son.tan,jx inyresss.
"u''
!
bnilt and the remsinder VIII oe rap'aiJ os''''
/ forward SFer bhe bali LAke Fhns
| ~. The greatest part 81 the means neeessAy
10 build the rad "a PROVIDED ~ The - Wv
,,,,.
v. Tho s.sts and ebisf eitiSr Of CAiiforDis
have contributed gP~ssd 81 sAs'0''" '''
Tns s - s q sI.s.sr nsSiss .s. sa
upon tho road and sa0ipin'nN
"'
VII. The management u Tits ooupsny has
bssu In TIE highest degree 1rudsn, szA frug>i
.od TIA uholS surplus aftaf "a ySBsnt % sfpsnss
and iatsrest, 10 devoted 10 c06stracti0n Darps
So
|
upon the resd pIedg.1
ola, 1sdsr spssi1 prsTisioa. Of both S.sI"as
| Tie bsnds are In suns y tys -
ssni-.nnnAl gold coupons 80 "a 49,. - y.S..
tsred for sale At - pr eenL % tesI A., sT