The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-05-08

II IL commonly known that the Genaral Gov.
eminent for wise purposes has given its aid
and encouragement 70 the construction OF one
NAIN THROUGH LINZ or RAILROAD hOm the Pa,
ciho Ocean across the Territories 90 coanect
With the various Eastern brAnshes o. the Pa.
cine Railroad systcn and which VIII form the
GRAND TRUNK RcUrE 20 the Far West,
upon which the mighty traHs-continental traffic
viii concentrate.
Tho CENTRAL PACIFIC RAILROAD
COMPANIONS are carrying IL forward with
greater energy and persistence than was ever
shown In any slRLlAr work In ancient or modern
times-wil buiia, equip, own and control the
Western Half Of thls Through Line. the mosr
productive favored and valuable portion OF tho
whole and may Justly be regarded IpossossinE
the richest franchise ever granted On this cont.
nent.
The Act OF Congress conters upon tha Copo-
rAtions beaides the right Of way Across the Ter
ritories gift Of u SO Aorea Of the public lands
per mile, contiguous 70 this line, and an ApprO-
prAtion from the National credit OF SlxTr MI
LIONS In PKR cKST, BONDS, delivered a. the
work progresses; OF half the estimated cost OF
the Through Line and Branches. These Sub
Sdy bonds the company may oaScel IN course
Roads, and small per csntage Of their net earn.
ings; they therefore, consulate an element Of
great strength 70 the corporations.
Tho act further authorizes them 70 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, tA'cA
SAaA b he ErSt oaim upon Ne 'sAolS raiIrodd prop
srtv and % toaioA tAs hen Of ia Government sASA
BE- SubOrdiAats, ~ . means Of more readily secur,
ing the remaining half Of the capital for The con
stTuctiOn; the equipments, 6c., being provided
out II the capital stock subscriptions and other
sources
The great CENTRAL PAcIFs RAILROAD Ia there.
fore In an important sense, . SkAn NATIONAL
WORK aided aRd commended by tho people, tho
Legislative power and the Executive officers,
though ia management IL administered iSiA al
ne care and JorStOttgM q ne mott aR''ent pnDdts
corporations. Being under tho constant super
vision Of the GOvernment-Who, being the prin
cipAl credit0g accepts . subordinate and oontn
gent hen-vith 80 large an amount Of addition.
Al capital also invested In the property pledged
IL is believed that no securities now offered 10
the market posseas tho sane claims 10 oonh
dence and market value, efcept those Of the
Government
Under these iAvoring auspices very gratifying
progress has been made in extending the railroad
| track from both directions. Nearly 1000 miles
| OF tho Main Line and oonverging Branches be
tween the Missouri River and the base Of the
Rocky Mountains have been built within three
years. Tho CENTRAL PAd1c RAILROAD has
also ateadny and successfully carried the Main
Stem Line from the steamboat navigation Of The
Pacific 20 the sum init Of tho Sierra Nevada and
into the Great Salt Lake Basin east Of the Call.
fSrniA line Having overcome by far the most
dfiealt and oIReSsys portion q tss whole
with the Eastern linss being effected 10 1870
amount almost 10 certainty.
The prominent feature In tho progrcss Of the
CEsrRIL Pa ITTC RAILROAD ia the remarkably
largo and profitable Local business which 10 de-
voIoped upon the completed portion, more than
luAtifying the estimates Of it, PROFESSIONALISM
the Immense traffic between The psrs of Call
farniA and the mining mkiona OF ths int't %
would sustain a hrst1lass railroad line, ewes u
the overland connections were not built Tho
net profit upon operating the LIMB Of leas than
one hundred miles, thus far, teasbes nearly two
millions IN gold. and this ratio viii be doubled
during the ooBing oeaaOn, when tho sbtlre
mountAib transit u made by tho locomotive
With every sItenEou 81 tbs track. tho business
and profits Of the completed part are lncreNaod
10 that when tho overland through traffo shal
b. osntcred upon the CEsnRAL ROAD the gen
eral prosperity 81 the company VII be without
parallel and ia securities appreciated CORES
poudlnRly The CENTRAL PAcInc hAiLHeAD
CoNPASY offer for sale tbsirFiIGSf MORTGAGE
THIRTY.YEAR SIX PR CENT GOLD
BONDS and submit 20 Investors ths
following among otheT obvtous oonhasra
tlDns, and invite the comparison WITH ihs mefita
and sIosllshess Of any class Of CofPorAt" -
suritiesi
I Tbs.s Bonds are based upsn the NOS, vital
and valuable part Of the Grand National PAoiha
Railroad. coon 70 become the main channel Of
communication on the ochtinsut
II. TbslooAl ssttsum! Snd SusiBes. there,
from q remarkably large and profitable, Gsd
must constantly iBoroass.
III. Tho hardest part Of the road 10 nov
built and The remainder viii b. rapidly carried
forward sVor the Salt Lake Plains.
w The creates, part ~ the means ssoesssfy
u build tho road IL provided BY The Y. : Gov
eminent upon q Eub0f diBats Hss.
v. The State and chief cities o. California
have contributed upward Of p,0pop 70 tbs
enterprise without lee.
VI. The grant Of Land l. dsstissd At an early
day % prove ~ far greater market vAlBs THAI
ibs total q The arst mortgage bonds issusd
upon the road and sguiVmsBt.
VII. This road lies altogether am0ng the gold
and silver VrodueinI rsEiOss, Asd Ia rsVsBa's
are received II coin.
VII. TIE management sf thls o0spany ka4
been IN ths highest degree prudent and fruEA.
End the whole sarplnf after paynsut Of srpsrss
GBd Interest, is dSvotsd 20 SObItTuSti0E Turys
80 De-
II. Tbs Interest liabilities Of tbs sOapahy
are sven Bow lssa thsB . laird tAs sss ssrninEs
upon The road pledged
4. Boa PrnApaI sad IAieSa az psyst -
Gold, under special HrVv.siOns Of s@tA A'HSo"
and STATE snAetrosnt.
n bssds are In suns u tiso9 ss1A, yits
81 -auruAi goid o0upOrs stt.chsd aaa AZ OF
f.rsd for as Is % psr cent 81 tssif p.f FANs'
~ socrssd intSrest fr0a Jso. !, s1ts1, u car
rency.
M back lEb<rest u shsrgs@ a aII' e.1
q, 1870. thOaEk rsp1ia II fall u -
this time tbsy yiaA asssiJ
EZyK PEE oEFr UPos TRE HTGsI.