The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-05
DESIRABLE
STEADY INVESTMENT.
Central Pacific Railroad First
Mortgage Bonds.

Central Pacific Railroad First
Mortgage Bonds.
It is commonly known that the General Gov.
ernment for wise purposes, has given its aid
and encouragement to the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa.
| cihc Ocean across the Territories TO connect
with the various Eastern Branehes OF the Pa.
cihc Railroad system, and which will form the
GRAND TRUNK ROUTE TO the Far West,
upon which the mighty traRscontinental traffic
| will concentrate.
The CENTRAL PACIFIC RAILROAD
| COMPANY-who are carrying it forward with
| greater energy and persistence than was evel
shown in any similar work in ancient OF modern
| times-will builn, 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 rs 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 II 500 acres OF the public lands
per mile, contiguous to this line, and an appro,
priation from the National credit of SIXTY NIL
| LIONS in 6 PER cRNT. BONDS, delivered As the
work progresses; OF 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 TO the corporations.
IL Aotf e. o. m
equal amount of their own First Mortgage
Bonds Of corresponding denominations, Whieh
shall be the first claim upon The ickoIe railroad prop
eTty, and 10 tOhieh the heB Of The Government ShdL
be subordinate, as means OF more readily secur-
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, SEN1'NATIoNAL
WORK, aided and commended by the people the
Legislative power, and the Executive officers,
though its management is administered toith al
the care and JOTethOtigh The most eminent pirate
corporations. Being under the constant super
viHion of the Goyernment-who, being the prin
cipal creditor, accepts subordinate and oontin
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 cont
dence and market value, 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 steadily and successfully carried the Main
Stem Line from the steamboat navigation of the
Pacific 10 the summit Of the Sierra Nevada, and
into tho 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 TO certainty.
The prominent feature in the progress of the
CENTRAL PA IPIC RAILROAD is the remarkably
large and profitable Local Business which il de-
velOped upon the completed portion, more than
ustifying the estimates of It's professionalism
the immense traffic between the ports of Cali
fOTnia and the mining regions of the inter or
would sustain frst-Class railroad line oven II
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 the coming season. when the entire
mountain transit is made by the locomotive
With every extension Of the track, the business
and profits of the completed part are increased
40 that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen
era prosperity of the company will be without
parallel and its securities appreciated cores
pOndingly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale cirFIlLST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors tire
following, among other obvious considera-
tions; and invite the comparison with the merits
and eXcellencies of any class OF Corporate Sc
ourities
1. These Bonds are based upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon TO become the main channel of
communication on the continent.
II. The local settlement and business there.
from ia remarkably large and profitable, and
must constantly increase.
III. The hardest part of the road is now
built, and the remainder will be rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means necessary
to build the road is provided by the U. 5. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of 1900 900 10 the
enterprise without lien.
VI. The grant of land is destined at An early
day to prove Of far greater market value than
the total of the first mortgage bonds issued
upon the road and equipments
) VII This road lies altogether among the gold
and silver.producing 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 purpo-
ses.
TX. The interest liabilities Of the company
are even now less than third the net earnings
upon the road pledged.
x. Both Principal and Int,reH are payabk "a
9oid under special provisions Of both EStiOnsi
and State enactment.
The bond. are In sums Of 5000 each, with
semiannual gold coupons attached, and are OF.
fered FOR sale at IS per cent OF their par Tzue,
and accrued interest from Jan. !, added, in cur.
rency.
The back interest is charged At sixy cent
in currency though repaid IN full in yyId A
this time they yield nearly
VINE PER oEyT. UPON THE INVEST:
NEyT
These bonds bid fair 10 attain the most yron.
inent position among the non speculative in
vestmsnts Of the country, and win be actively
dealt in at the msney-centres in Europe
Holders OF Government securities have an Cd
portuniiy Of exchanging them for Central Pa
cihc Bonds bearing an equal rate Of interest
with the principal vel secured, and Of
REALIZING PROFIT OF TEN TO FTF
TEEN PER CENT. IN ADDITION.
Orders sent with the funds through respOnsi-
bic Banks or Express Companies viii receive
prompt attention. Bonds ssnt by return II