The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-29
STEADY INVESTMENT,
Principal & Interest in Gold Coin
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t is commonly known that the General Gov:
eminent for wise purposes, has given It's ala
and announcement to the construction of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean across the Territories 70 connect
with the various Eastern Branshes OF the "a
cifc Railroad system, and which wiz form the
GRAND TRUNK ROUTE to the Far West,
upon which the mighty traRs-continental trAtic
will concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying it forward with
greater energy and persistence than was ever
shown in any sivilar work in ancient or 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 SpOssessinE
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 lands
per mile, contiguous to this line, and an Rppro-
pration from the National credit of SIXTY MIL
LIONS in PER CENT. BONDS, delivered as the
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.
The Act further authorizes them TO issue an
equal amount of their own First Mortgage
Bonds of corresponding denominations, iOhich
shall be the first claim upon the SohOLe railroad prop.
| Il 4k.wU
be subordinate, as q means Of more readily secur-
ing the remaining half Of the capital for the con-
stTuction; 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, a SENI.NATIoNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered Nth al
the care and JoTethotght Of the most eminent private
corporations. Being Hnder the constant super
vision of the Government-who, being the prin.
cipal creditor, accepts 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 sane claims to conf.
dence and market value, except those of the
Government.
Under these favoring auspices very CRATIC lying
progress has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and cenverging 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 to the summit of the Sierra Nevada, and
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
liHe the probabilities of the through connection
with the Eastern lines being elected in 1870
amount almost TO certainty.
The prominent feature in the progress of the
CENTRAL PA IRlC RAILROAD is the remarkably
large aud profitable Local Business which il de.
velOped upon the completed portion, more than
iustifying the estimates of its pIOeCtOrs-that
the immense traffic between the ports of Cali.
fornia and the mining regions of the int,I or
would sustain hrst-Class railroad line, oven il
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
so that when the overland through traffic shall
be centered upon the CENTRAL ROAD, the gen
eral prosperity OF the company will be without
pOndingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY-YEAR SIX PER CENT. GOLD
30 n s. and submit TO Investors tie
following, among other obvious consiaera-
tiOns; and invite the comparison with the merits
and excellencies of any class Of Corporate Sc
eurities:
l. 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 is remarkably large and profitable, and
must constantly increase.
I'LL The hardest part of tho road is now
built and the remainder will be rapidly carried
forward ever the Salt Lake Plains
". The greatest part of the means necessary
to build the road is provided by the q. 5. Gov.
eminent upon subordinate lien.
have contributed upward Of s3OO00O0 TO the
enterprise without lien.
VI Tho 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 tn0 roau ana equipments.
VII. This road lies altogether among the gol d
and silver.Producing regions, and It's revenues
are received in coin.
VIII. The management Of this company has
been in the highest degree prudent and frugal
and the whole surplus, after payment of expense
and interest, 10 devoted TO construction purpe-
ses.
*. The interest liabilities Of the company
are even now less than a third the net earnings
upon the road pledged.
Z. Both Principal GnE Interest are payable IN
Gold, under special provisions Of both National
and State enactment.
The bonds are in sums Of tIOos each, with
semi-aunual gold coupons attached, and are Of
fered for sale al IS per cent. of their par value
and accrued interest from Jan. !, added, in cur.
rency.
The back interest Is charged at SIX cent
In currency, though repaid in full In gyh. A
this time they yield nearly
NINE PER CENT. UPON THE INVEST.
hENT.
These bonds bid fair 20 attain the most yrom.
inent position among the non-sPeculative In.
yestments Of the country, and viii be sstively
dealt in 81 the msney-ceDtres in Europe.
Holders Of Government securities have an Cd.
portunity OF exchanging them for Central Pa
oihc Bonds bearing an equal rate Of interest
with the principal well secured and Of
REALIZING A PROFIT oP TEN TO PIP
TEN PER CENT IN ADDITION.
Orders sent with the funds through resno,,i.
bic Banks OF Express Companies VIII rsoeivs
prompt attention Bonds ssnt BY return ~,
press 70 any address in the United statS. :,
our cost INFORMATION, Descriptive panpbl-,.
naPs Ee, furnished on application At the ofscs
Of Abe Railroad Company, No. a wilma.
street and Of