The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-22
STEADY INVESTMENT,
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.


It Is commonly known that the General Gov
ernmsnt, for wise purposes, has given its aid
and encouragement 70 the construction Of one
AAIN THROUGH LINZ OF RAILROAD from the Pa
cifc Ocean across the Territories % connect
with the various Eastern BrAnshes o. abe Pa
cifc Railroad system, and which win form the
GRAND TRUNK ROUTE to the Far West
upon which the mighty trAns-continentAl trafhS
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying Il forward Will
creator energy and persistence than was eve
shown in any SIMILAR work In ancient or moderI
times-wil builn, equip, own and control tn,
Western BALI 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
gift Of - 500 acres OF the public lAndI
per mile contiguous 70 this line, and an appro-
priation from the National credit Of SIITI NIL
LIONS in PER CENT. 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 q osurse
Of years by the Transportation services Of the
Roads and . small per csntage Of their net earn.
IngS; they therefore, constitute an element OF
great strength 70 the corporations.
The Act further authorizes them TO issue Al
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, ShieI
shall be the first cdip upon The iohOle ruilrOddpr
srty and % tehioh 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
out Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD is there
ore IN An important sense, q SEh-SATIoNAL
WORK, aided and commended by the people, the
legislative power, and the Executive ofneem,
hou oh its management In administered 1tUsdU
ne care and orethOWgh u The most eDai'et Prtrdts
corporations. Being under the constant super
vision Of the Goyernment--who, being the prin
,ipal creditor, accepts 4 subordinate and 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 In
the market possess the same claims 70 conf
ience and market value, except those Of the
Government.
Under these fayoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1000 miles
Of the Main Line and c0nverging Branchesbe
tween the Missouri River and the base Of the
Rocky Mountains have been built within threC
years. The CENTRAL PACIFIC RAILROAD hal
also steadily and successfully carried the Main
Stem Line from the steamboat navigation Of the
Pacific 20 the summit Of the Sierra Nevada, and
INTO the Great Salt Lake Basin east Of tins Cali.
fernia 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 l-7O
AMOUNT almost 10 certainty.
The prominent feature in the progress Of the
jESTRAL PA TIC RAILROAD Is the remarkably
Arge and profitable Local business which IL do.
yeloped upon the completed portion, more than
ustifying the estimates Of its projectOrs-that
he immense traffic between the ports Of Cali
'ornia and the mining regions Of the inttI or
would sustain hrst-class railroad line, even IL
he overland connections were not built. The
let profit upon operating the link Of less than
me hundred miles, thus FAR, reaches nearly two
Millions in gold and this ratio win be doubled
Turing the coming season, when the entire
nountaiR transit is made by the locomotive.
With every extension Of the track, the business
md profits Of the completed part are increased;
70 that when the overland through traffic shan
DO centered upon the CENTRAL ROAD, tho gen.
,ral prosperity Of the company viii be without
parallel, and its securities appreciated cores
The CENTRAL PKCIIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
SIX PER CENT. GOLD
and submit 10 Investors TIE
Ollowing, among other obvious eonsiaera-
ions; and invite the comparison with themerits
nd nl lgOTDOTNtn
Iurities:
/. These Bonds are based upon the most vital
md valuable part Of the Grand National Pacific
Railroad. soon TO become tho main channel o.
on the continent
IL The local settlement and business there.
rom Is remarkably large and profitable and
INST constantly increase.
III The hardest part Of the road IL now
,uilt and tho remainder win be rapidly carrie d
Onward ever the Salt Lake Plains.
". The greatest part Of the means necessary
% build the road II provided by the U. >. Gov
,rnment upon . subordinate lien.
Y. The State and chief cities Of California
nave contributed upward Of t3,OO0O0o 70 the
without lien.
VI The grant Of land 10 destined al an early
lay % prove Of far greater market value than
he total Of the first mortgage bonds Issued
IpOn tho road and equipments.
VII. This road lies altogether among the gOl d
nd silver. producing regions, and IL revenues
re received In coin.
VIII. The management Of this company has
cen In the highest degree prudent and frugal
nd the whole surplus, after payment Of expense
nd interest, is devoted 70 construction purDS
e.
TX. The interest liabilities Of the company
re even now less than q third the net eArIipEs
Ip0n the road pledged
7. Both PrineiDal aAl IAi>Tsa are IdyaJk p
jOld, under special provisions Of both Nations
nd State enactment.
Tho bonds arc In SUMS Of tlOO9 each, With
emi-annuzl gold coupons attached, and are OF.
cred for sale at o. per cent Of their par vAius.
md accrued interest from Jan. /. AIDED, In car.
-eney.
The back interest Is charged at six cent
\ currency, though repaid In full In god
his time they yield nearly
sIEB PER OEEI. UPON THE INVEST
NRHK