The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-05-19
Central Pacific Railroad First
Mortgage Bonds.

It is commonly known that the General Gov.
srnmsat for wise purposes has given it, aid
and encouragement 70 the construction Of one
NAiN THROUGH LINZ or RATlRoAp nom the Pa
oi6e Ocean across the Territories % connect
with the various EAsern branshes q the Pa
oihc Railroad system, and which will fcrm the
GRAND TRUNK RCUrR % the Far West,
upon which the mighty transoOntinontAl traihc
will concentrate.
The CENTRAL PACIFIC RAILROAD
COAPANY-who are carrying Il forward with
greater energy and persistence than was ever
shown In any slVdlAr work in ancient or modern
tmes-will butla, equip, Ova 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 oOnfers upon the Corpo.
rAtions, besides the right Of way across the Ter.
ritOries Eift Of ~ $40 acres Of the public lands
per mile contiguous 70 this line, and an Appro.
priAtion from the National credit Of SILTI NIL.
LIONS In PER CENT. soNns, delivered "A the
work progresses; or half the estimated cost OF
the Through Line and Branches Thoao Sub.
sidy bonds the company may cancel in csurSe
Of years by the Transportation services Of the
Roads, and ANAL per oSntage OF their net earn
ings; they, therefore,, oonstitate AL element Of
great strength 70 the corporations.
The act further authorizes them 10 issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations NAieA
sAdu b tie first claim upon s ssA0le rdlrodd prop
erty and % sohioA he lien Of ne Government shall
b subordinate, ~ q means Of more readily secur.
ing the remaining half Of tho capital for the con
stTuction; the equipments, &c., being provided
out Of the capital stock subscriptions and other
souroes-
The great CENTRAL PAcIYIs RAILROAD u there.
fore, In an important sense, . sShNArioNAL
WoEK, aided asd commended by the people, the
Legislative power and the Executive officers,
though its management Ia ddEsanlstered to'th az
tie care aud JorSfAottJh q he most eiHtnrH' pnrdh
corporations. Being under the constant super
vision Of the Goyernmsnt-wbo, being the prtn'
cipAl creditor accepts a subordinate and contin-
gent nen-Wtth 30 large an amount Of addition
a capital alsO invested In the property pledged,
IL IA believed that no securities now offered In
the market possess tho sane claims 20 cond
dence and market value except those OF the
Government
Under these iAvoring auspices very gratifying
progress has been made In extending tho railroad
| track from both directions. Nearly 100 miles
| Of the Main Line and oonverging branches BE-
tween the Missouri River and the bass Of the
| Rocky Mountains have been built within three
years. The CENTRAL PACT1c RAILROAD has
| AlsO steadily and successfully carried the Main
p.cTaD a., Sa Ne steamboat navigation OF tho
INTO de Great Salt Lake Basin fsyssda ana
forna line. Having overcome by far the most
difficult and eIponsiVe portion Of the whole
line the probabilities Of the through connection
with the RAstsrn lines being effected In $50
amount almost 70 certainty.
The prominent feature In the progress Of the
N n no. = h. EalN
large and profitable Local business which hds.
veloped upon the completed portion, more than
iustffyink the estimAtns Of ia ptQjeetOTs-ihat
the Immense traffic between the porta Of Cali
fSrniA and the mining regions Of the intTt OF
would sustain . hrstolasa rAilroAd line, ewes "
tho overland connections were not built The
net profit uPon operating the hnk Of Ieas than
one hundred miles, thus Tar, reashes nearly two
millions in gold; and This ratio WIN - doubted
during the coming season, when the entire
mountaln transit Is made BY the locomotive.
with every sItanaion Of the track, the business
and profits Of tbs completed part are ibcrcAsedi
40 that when the overland through uafho shal
DO oenterod upon tho CENTRAL RoAD. the gsn.
sral prosperity Of the company will be without
parahel and rs securities appreciated oorres
p0udlnRly. The CENTRAL PACiTlc hAiLneAB
toNPASY offer for sale lTFIhSI hOkIOAOk
Thirty YEAR SIX PR CEHT. GOLD
BOSDs and submit 70 investors '
following, among other obyogs Sohslssra
ions AMI invite the comparison With the merits
and .IosIlsnoiss Of any class Of Corporsts -
| ourities'
I. These Bonds are bassd Upsn ths mo.t vital
| and valuable part Of the Grand SAtiOhAl Paeitc
Railroad. aOon 70 boooms the main channel o.
comm uBicatisn on the continent
| III Tbelooal ssttlssnsnt and busiBaas there
from IL remarkably large aud profitable AAd
must constantly Increase
III. The hardest part q tbs road Is hos
built and the remainder VII bs rApioly oafn"a
forward svef the Salt Lake Plains
". The greatest part Of The mean. nsosssary
q build the rod II providod - the u. D 1"V
ornmsnt upon s0bor dinAts hes'
v. TIE STATE and chief oitiss of California
have contributed Upward Of b,OV,yo 70 the
enterprise without ben.
VI. Tho grant Of Land v destined a. "a sariJ
day 70 prove 81 far greater marttt raas tbAn
the total u The arst mOrtEAEs bsuas issued
gpOb the road add squiVmss"-
VII. This rod lies siteTsthsT sBsne tho gold
and silver producinz rsGi9ns, ana ~ revenues
are received In coin.
VIM. The nAAAEsnsBt e Ills sSspAAy hAs
GeNn IN NJ 49, NFENF. INAAHAA 80
ana tbs Who'd ssrplns. aftsT paJZsnt u sTpsnss
and Interest. - devoted 70 S0Bstruati0u Iarps
80.
III. Ths Interest liabilities Of tha company
nrs even nov less than . third ths BET sAfbinE'
upsn ths rod plodEod
j. BSth Priaap1l as< EntYsH az DSysb1i -
GA undsF sDsoEL pfVvtsiODs of both AA''SNa'
and 8tats onsctnsst
-. "a. -. 4, suus Of ti0Oo saeh, vith
-, -,,ns.i "a sgapsBs attsehed, asd a.. %.
- a. - al Is pas osaf u thsiI p.f TAus,
- 1870 isiarsst frou Jan. J. A14ss' - o"
rsBey.
-. h,,k lrterss, Il eharrs4 a dr. esst
80 49, t601rk rsyaid IN fan 10 ~
,sis tine tbsy yss1 ssHf7y
,.g oRrF fypog TUE IgYH1J.