The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-04
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

MOftS age BONDS.
1t Is commonly known that the General Gov.
eminent, for wise purposes, has given its aid
and encouragement TO the construction Of one
MAIN THROUGH LINE OF RAILROAD frUm the Pa.
cihc Ocean across the Territories 10 connect
CHIC Railroad system, aud which will form the
GRAND TRUNK ROUTE To the Far West,
upon which the mighty trans-continental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-whO are carrying il forward with
greater energy and persistence than was ever
shown In any siDNilar work in ancient or modern
times-will buiiu, 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 as possessing
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 gift Of IL 800 acres Of the public landI
per mile, contiguous to this line, and On appro-
priatiOn from the National credit Of sixty NIL.
LIONS in PRR CENT. BONDS, delivered IS 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 . small per csntAge 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, tchich
al
srty and 70 Vhieh the lien Of the Government shda
be subordinate as q means of moro 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.
Tho great CENTRAL Pacific RAILROAD Is there.
fore, in an important sense, q SEbu.NATIoSAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management Is administered 6th az
the and Jorsth0tigh Of The most eminent prfpdte
corporations. Being under the constant super
viSion of the Government-whO, being the prin.
cipal creditor, accepts a subordinate and cOnt.n
gent lien-with 80 large an amount of addition
al capital also invested in the property pledged
il il 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 gratifying
progress has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line and cOnvergiug 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 tht
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
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
CRNTRAL PA TFTC RAILROAD Is the remarkably
large and profitable Local Business which IL de
velOped upon the completed portion, moro than
iustifying the estimates Of its pIOlectOrs-that
the immense traffic between the ports of Cali
tOrnia and the mining regions Of the int of
would sustain trst-class railroad line, even n
the overland connections were not built. The
net profit upon operating the link Of less than
one hundred miles, thus TAR, reaches nearly two
millions in gold; and this ratio will be- doubled
during the coming season, when tho entire
muuntaiH 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 shal
be conferred upon the CENTRAL ROAD, the gen
eral prosperity Of the company will be without
parallel, and its securities appreciated CORES.
pondingly. The CENTRAL Pacific RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BON s, and submit 10 Investors TIRE
following, among other obvious cOUsidera
tions; and invite the comparison with the merits
and eIcellencies Of any class OF Corporate Sc
Gurities:
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
comm unicatien on the continent.
II. Tho local settlement and business there
from ia remarkably large and profitable, and
must constantly increase.
Ill The hardest part Of the road 10 now
built, and the remainder will he rapidly carrie
forward over the Salt Lake Plains.
". The greatest part of the means necessary
to build the road Is provided by the L. 5. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of sJ,OJO,OOO 10 the
enterprise without lien.
VI. The grant Of land il destined at an early
day TO prove Of far greater market value than
the total Of the frst mortgage bonds issued
upon tho 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 trugaI,
and the whole surplus, after payment o. etPenso
and interest, 10 devoted 10 construction purPe
ses.
TX. The interest liabilities Of the company
are even now less than . third the net earnlnE1
upon the road pledged
\. Both Principal and Int<reit are paya61 ~
Gold, under special provisions OF ootn hation1a
and State enactment.
n. b,nds are in sums Of 1900 each, with
,smi-annual gold ooupoas attached and are Of
fsred for aale At IS per cent OF their par value,
.nS aeersed interest from Jan. l, added, In cur.
rency.
II. baek interest Is charged at six cent
In currency, though repaid IN iGu In 90d.
this time they yield nearly
NINE PER CENT. UPON TIE INVEST.
XEHT
These bonds bid fair TO attain the most prom.
inent position among the nonsBeculative in
vestu1ents Of the country, and win be aStfvely
dealt in a. the msnsy-eeDtrrs in Europe.
Holders OF Government securities have an CD.
portunity OF exchanging them for Central Pa
ciic Bonds bearing an equal rate Of interest
with the principal well secured and Of
REALIZING 4 PROFIT OF TEN TO YIP
TEEN PER GEM IN ADDITION.
Orders sent with the funds through response