The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-02
Principal & Interest in Gold Coin,

Il 10 commonly known that the General Gov.
ernmsnt, for wise purposes has given its aid
and encouragement 70 the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cifc Ocean Across the Territories % connect
with the various Eastern branshes Of the Pa,
cific Railroad system, and which viii form the
GRAND TRUNK ROUTE 10 the Far West
upon which the mighty trGns-continOntAl trAiie
viii concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who are carrying 10 forward with
greater energy and persistence than was eveI
shown In any sipNilAr work In ancient or modern
times-will bui'u, equip, own and control the
Western half Of this Through Line. the most
productive, favored, and valuable portion Of the
whole and may Justly DO regarded As possessing
the richest franchise ever granted on this cont.
nent.
The Act Of Congress oonters upon the Corpo.
rations, besides the right Of way across the Tor.
ritories gift Of IL 500 acres Of the public lands
per mile, contiguous % this line, and an spprO.
priAtion from tho National credit Of SIXTY NIL.
LIONS in s PIE CENT. sosDs delivered - the
work progresses; or half the estimated cost Of
the Through Line and Branches. These Sab.
Eidy bonds the company may cancel in . csurss
Of years by the Transportation services Of the
Roads, and email per csntage Of their net earn
InEs; they, therefore, oonstitats an element of
great strength 70 the corporations.
Tho Act further authorizes them TO issue an
eoua amount Of their own kirst Mortgage
Bonds of corresponding denominations, Schteh
shau BE- tia Erst claim upon ths ,ohOls ToIrOad prop
erty and 10 vkieh tie ten Of hs Government shaLI
be StIboTdindts a. . meAnp Of moro readily seour-
ing the remaining half Of the capital for the con-
struction; the equipments, 60, being provided
ont of the capital stock subscriptions and other
sources.
The Ereat CENTRAL PAcIYIe RAnkoAp IL there
fore, In an important sense, SEh'NAroNAL
Work aided and commended by the people, the
Legislative pow er, and the Executive othcers,
though its management IL administered scttA al
the card and JOTsthou0ht o. As most sHn1ne' Pr1vets
Being under the constant super
wisdom Of the Government--who, being the prtn'
cipAl creditor, accepts q subordinate and cOntin.
gent lieR-with 40 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 coma.
dsnce and market vslus, except those OF the
Government
undor these fAvoring auspices very gratifying
progress has been made In extending the railroad
track from both directions. Nearly 1900 miles
Of the Main Line and oenverging Branches 10
kOcky 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 lar 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 70 certainty.
The prominent feature In the progress Of the
CRETRAL PA GF1C RAILROAD IL tho remarkably
large and profitable Local Business which IL do.
yeloPod upon the completed portion, moro than
iustifytnR the estimates OF its pTojoctors-that
the immense traffic between the ports Of Cali.
fOrniA and the mining regions Of tho int, or
would sustain hrut-class railroad limo, even n
the overland connections were not built The
net profit upon operating the link Of less than
one hundred miles thus lar, reaches nearly two
millions In gold and this ratio will DO doubled
during the coming season, when the entire
mountaIR transit Il made by the locomotive
With every extension Of the track, the business
and profits Of the completed part are inersaAedi
40 that whom the overland through trafbo EhAn
bs conferred upon the CENTRAL ROAD, the gen.
erAl prosperity Of the company will b. without
parallel. and its securities appreciated oOrTea-
pondingly. The CENTRAL PACING RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
BONDS, and submit 20 Investors ire
following, among other obvious ConsiSera
TONS; and invite the comparison with the merits
and eIcellencios Of any class Of Corporate %.
ourities:
!. TheAo Bonds are bSsed upon the most vital
and valuable part Of the Grand National Pacific
Railroad. soon 10 become tho main channel Of
communication on the continent.
II. The local settlement and businss. there.
from 10 remarkably large aud profitable, and
must constantly increase.
Ill The hardest part Of the rosd IL now
built and the remainder will 10 rapidly carrie
forward ever the Salt Lake PlAinA.
". The greatest part Of tho means necessary
To build the road IL provided by the q. =. Gov.
erRment upon . subordinate len.
Y. The State and chief cities Of California
have contributed upward Of 1900. 90 10 the
enterprise without lien.
VI The grant Of land Is destined st an early
day 20 prove Of far greater market value than
the total Of the frst mortgage bonds Issued
upon the road and equipments.
VII This road lies altogsther among the fold
and silver. producing regions, snd its revenues
are received In coin.
VIII. Tho management Of this company has
bsen In the highest degree prudent and hnEAl
and interest IL devoted 70 construction purps
sSs.
X. The Interest liabilities Of the company
Are even now leas than third the net sxrRiBgs
upon the roAd pledged
Z Both Prnapal and IntsrsEt srs 1sya5l 70
6oId, under special proTisiOns Of both Hs.aOna
and State snactnent
The bends are In sums Of sIocs each, viii
,smi-1unuA gold coupons attached, and are e.
fsred for sale st IS per esat Of their par vslus,
reney.
The back Interest IL charged 81 siI2 esst
In currency, though repaid In full IN ga. A
this time they yisd nearly
ELHE PER oE5I. UPON TEE NVBEr
NEHT
These bonds bid fair 70 attain the nsost prom.
insnt position among the nonsReeulstive -
vestneuts Of the country, and WI Do ascreJ
dealt in AZ the msnsy-eeptrus IN Europe
HOldsrs Of Goverument securities have az ~
porsaufty Of exchanging tbsm for Csntt1 ...s
eihe Bonds bearing an equal rsts o. !"
WITH the principal veil secured. snd@