The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-03-26
STEADY INVESTMENT,
Central Pacific Railroad First
Mortgage Bonds.

uOElH AE nNHuS'
1t is commonly known that the General Gov:
eminent, for wise purposes, has given It's AID
and encouragement to the construction OF one
MAIN THROUGH LINE OF RAILROAD from the Pa
cihc Ocean across the Territories 10 connect
with the various Eastern branches Of the Pa
cihc 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 il forward with
greater energy and persistence than was ever
shown in any siVlilar work in ancient or modern
buiin 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 spossessins
the richest franchise ever granted III this cont
nent.
The Act of Congress contsrs upon the Corpo
rations, besides the right Of way across the Ter
gift of ~ 500 acres Of the public lands
Der mile con tiguOuB to this line, and an appro
priatiOn from the National credit of SIXTY Nil
LIONS in PER CBNT BONDS, delivered As the
work progresses; or half the estimated cost q
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 10 the corporations.
Tho act further authorizes them 10 issue AT
equal aA6unt of their own tirst Mortgage
Bonds of corresponding denominations, tOhieI
shall be the first claim upon the tChOLs railroad prop
er and 10 1Chch the lien Of the Government ShGI
be subordinate, as a means of more readily secur
ing the remaining half of the capital for the con
stTucton; the equipments, &c, being provided
out of the capital stock subscriptions aud othel
sources.
The great CENTRAL Pacific RAILROAD is there
fore, in an important sense, a SEhI-NATIoNAl
WORK aided and commended by the people, the
Legislative power and the Executive officers
though its management is administered Nth al
the care aud fOrethOugh Of the most eminent priUGt
corporations. Being under the constant super
vision of the Government-whO, being the prin
cipal creditor, accepts subordinate and cOntin
gent lien-with 80 large an amount of addition
al capital also invested in the property pledged
il iB believed that no securities now offered IL
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 c0nvergiug 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 steadIiy 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 thG
CRSTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which is de
veloped upon the completed portion, more thar
iustifying the estimates of it's professionalism
the immense traffic between the ports of Cali
fornia and the mining regions Of the inter ol
would sustain frst-class railroad line even il
the overland connections were not built. The
net profit upon operating the link Of less thar
one hundred miles, thus far, reashes nearly two
millions in gold; and this ratio will be doubled
during the coming season, when the entiTC
mountain transit is made by the locomotive
With every extension of the track, the business
and profits of the completed part are increased
be centered upon the CENTRAL ROAD, the gen
eral prosperity of the company will be without
parallel, and it's securities appreciated cores
pOndingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirFIhST MORTGAGE
THIRTY YEAR SIX PER CENT. GOLD
and submit to Investors tire
among other obvious consiaera-
tions; and invite the comparison with the merits
and excelencies of any class Of Corporate SO.
eurities:
I. These Bonds are based upon the most vital
and valuable part of the Grand National Pacific
soon TO become the main channel OF
on the continent
IL The local settlement and business there.
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part of the road is now
built, and the 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 L. ;. Gov.
eminent upon a subordinate lien.
V. The State and chief cities of California
have contributed upward Of s. 700 900 TO the
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 goi d
and silver producing regions, and its 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, ia devoted TO construction purps-
SEES
TX. The interest liabilities of the company
are even now less than = third the net earnings
upon the road pledged.
x. Both Principal and IHtsrGst are Ddyabk "a
God, under special provisions Of both National
and State enactment.
The bonds are in sums of $1,000 each, with
semi-annual gold coupons attached, and are Of.
fered for sale At IS per cent of their par value,
and accrued interest from Jan. l, added, in cur.
-ency.
The back interest is charged At six cent
n currency, though repaid in full in gid
his time they yield nearly
VINE PER OE.yT. UPON THE INVEST.
HEET.
These bonds bid fair TO attain the most prom.
mont position among the nOnsPeculative in.
OF the country and viii be astively
iealt IN At the msney centres in Europe
Holders Of Government securities have An on.
Of exchanging them for Central Pa
life Bonds bearing an equal rate Of interest
Nth the principal vel secured, and OF
4 PROFIT or TEN TO FTP
TEEN PER CEST. IN ADDITION