The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-30
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

CcntF1I FacIuC H6sAlIE Odu II II -
Mortgage Bonds.
It is commonly known that the General Gov:
eminent, for wise purposes, has given its AID
and announcement to the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cihc Ocean across the Territories 10 connect
with the various Eastern Branshes o. the IA
cifc Railroad system, and which will form the
GRAND TRUNK ROUTE to the Far West,
upon which the mighty trans-continentAl traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
are carrying it forward with
greater energy and persistence than was ever
shown in any siRlilar work in ancient or modern
times-will builu, 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 spossessing
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 IL 500 acres of the public lands
per mile, contiguous to this line, and an apprO-
priation from the National credit of SIXTY MIL
LIONS in PER CENT. BONDS, delivered as the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub
sidy bonds the company may cancel in a 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 70 the corporations.
The act further authorizes them to issue an
edual amount of their own First Mortgage
Bonds of corresponding denominations, t0hteh
shall be the first claim upon the whole railroad prop
ertv and 10 lCtich the lien of the Government shall
be unfortunate, as 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 SEMl-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 orethOtgM Of the most eminent prIUat
corporations. Being under 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 velue, 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 c0nverging Branches be
tween the Missouri River and the base of the
Rocky Mountains have been built within three
wears. Tbs 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
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
CENTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which is de
velOped upon the completed portion, more than
justifying the estimates of its pTojeCtOrs-that
the immense traffic between the ports of Cali
fsrna and the mining regions Of the inter OF
would sustain frst-Class railroad line, even 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
transit is made by the locomotive
and profits of the completed part are increased
so that when the overland through traffic shall
be conferred upon the CENTRAL ROAD, the gen
eral prosperity of the company will be without
parallel, and its securities appreciated CORES
Tie CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIRST MORTGAGE
SIX PER CENT. GOLD
BON IDS and submit to Investors the
following, among other obvious cOnsiaera.
tons; and invite the comparison with the merits
and excellencies of any class of Corporate SO
Gurties:
I. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
Railroad, soon to become the main channel OF
on the continent.
II. The local settlement and business there.
from is remarkably large and profitable, and
must constantly increase.
Ill The hardest part Of the road is now
built, and tho remainder will be rapidly carrie
forward ever the Salt Lake Plains
". The greatest part Of the means necessary
to build the road is provided by the U. 5. Gov.
eminent upon n subordinate Hen.
V. The State and chief cities of California
have contributed upward Of s3,0OO,0OO to the
enterprise without lien.
VI. The 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 tho road and equipments.
VII. This road lies altogether among the gold
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, is devoted to construction purps'
ses.
TX. The interest liabilities Of the company
are even now less than a third the net earnings
upon the road pledged.
K Both Principal and Interest are payable ia
Gold, under special provisions Of both NatiOnai
and State enactment
The bonds are in sums Of SlOoe each, with
semi-aunu2l gold coupons attached, and are Of
ferod for sale at IS per cent Of their par value
and accrued interest from Jan. !. added, in cur.
re1Cy.
The back interest Is charged Al sl4 cen
in currency though repaid in full in gid i
this time they yield nearly
Y1YE PER CEyI. UPON TIE INVEST
HENT.
These bonds bid fair 70 attain the most prom,
inent position among the non-sPeculative in
vestments Of the country, and VIII be aSeyely
dealt in at the msney-ceDtres IN Europe.
Holders of Government securities have AZ op'
portunity of exchanging them for Central Pa
ciic Bonds bearing an equal rate OF interest
with the principal well secured. and Of
REALIZING A PROFIT OF TEN TO PIP
TEEN PER CENT. " ADDITION.
Or6e-s sent with the funds through response.
bic Banks OF Express Companies viii receive