The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-23
STEADY INVESTMENT,
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
II Is commonly known that the General Gov
eminent, for wise purposes, has given its aid
and announcement to the construction Of one
MAIN THROUGH LINZ or RAILROAD from the Pa
cihc Ocean across the Territories 70 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'oontinental traffic
will concentrate.
The CENTRAL PACIFIC RAILROAD
C0MPANY-who are carrying IL forward with
greater energy and persistence than was eve
shown in any siRlilar work in ancient or modern
times-will buila, equip, own and control th,
Western half Of this Through Line. the mos
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 confers upon the Corpo
rations, besides the right Of way across the Ter
ritories gift Of II 500 acres Of the public lands
per mile, contiguous 70 this line and an appro-
priation from the National credit Of SIXTY NIL
LIONS in PRR CENT. BONDS, delivered rs the
work progresses or half the estimated cost OF
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 70 issue N
equal amount Of their own First mortgage
Bonds of corresponding denominations, teAie'
A~sf
erty, and 20 lOhich The lien Of us Government sAdL
be subordinate, as q means Of more readily secur
ing the remaining half Of the capital for the con
stTuction; the equipments, 60, being provided
out Of the capital stock subscriptions and other
sources.
The great CENTRAL Pacific RAILROAD is there
fore, In An important sense, q SENnNATIoNAL
Work, aided and commended by the people, the
Legislative power, and the Executive ofheeH
though its management IA ddB1iniSteTed i0'utdN
m, care and IorethotIgh Of The most eminent pT1rdts
corporationS Being under tho constant super
vision OF tho Government-who, being the priu
cipal creditor, accepts subordinate and contin
gent hen-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 conh
dence and market vGlue, 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 mile
of the Main Line and converging branches be
tween the Missouri River and the base of tn,
Rocky Mountains have been built within thre'
years. The CENTRAL PACIFIC RAILROAD bai
also steadIIy and successfully carried tho NaiI
Stem Line from the steamboat navigation Of tn,
Pacific TO the summit of tho Sierra Nevada, anC
into the Great Salt Lake Basin east of the Call
fornia line. Having overcome by far the most
difficult and expensive portion Of the whole
line the probabilities Of the through connection
with tho Eastern lines being effected In 1870
amount almost TO certainty.
The prominent feature in the progress Of the
CRNTRAL PA IFIC RAILROAD Ia the remarkably
large and profitable Local Business which 10 de
veloped upon the completed portion, more fhaI
iustifying the estimates of fts pTojectors-thai
the immense traffic between tho ports Of Call
fornia and the mining regions OF the inter or
would sustain . frst-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 far, reaches nearly two
millions in gold; and this ratio will be doubled
during the coming season, whsn the entire
mountaiR transit Is made by the locomotive.
With every extension Of the track, the business
and profits of the completed part are increased;
80 that when the overland through traffic shall
be ce0tHTe1 upon inc NEhTkAL llDAbt NLb kth-
eral prosperity Of the company will DO without
parallel, and It's securities appreciated CORES
pondingly. The CENTRAL PACIFIC RAILROAD
CoMPASY offer for sale theirFIhST MORTGAGE
THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit TO Investors the
following, among other obvi0ns oonsiAera-
tions; and invite the comparison With tho merits
and eIcellencies Of any class OF Corporate 80
eurities:
I. These Bonds are based upon the most vita
and valuable part Of the Grand National Paoih'
Railroad. soon 10 become the main channel o.
Communication on the continent
II. The local settlement and business there
from is remarkably large and profitable, and
must constantly increase.
III. The hardest part Of tho road To- now
built, and the remainder will be rapidly carrie Z
forward ever the Salt Lake Plains.
". The greatest part Of the means necessary
TO build the road is provided by the o. y. Gov
eminent upon a subordinate lien.
V. The State and chief cities Of CaliforBii
have contributed upward OF tjOOOOOO TO The
enterprise without len.
VI The grant Of land Is destined at an early
day TO prove Of far greater market value than
the total Of the fret mortgage bonds issued
upon the road and equipments.
Avn. This road lies altogether among the Eol 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 expSnss
and interest, 10 devoted 70 construction purpe
ses.
TX. The interest Liabilities Of the company
are even now less than third the net earrings
upon the road pledged
X. Both Principal and IntersTt ara poyabI< Il
Gold, under special provisions Of both Nations
and State enactment.
The bonds are In sums Of tl0o9 each. viii
semi-annnal gold coupons attached, and are Of
fered for sale 1t 95 per cent Of their par Taue
and accrued interest from Jan. ], ad4ed, In eur
repcy.
The back interest IL charged ct si1p cent
in currency, though repaid In fall In nOd. A
this time they yield nearly
NINE PER OEYT. UPON TIE ISTBsT
XEgT.
These bonds bid fair TO attain the most prom
inent position among the n0nIHeeulataye "
I yestusnts Of the country, AMI VII Be Ssu'e'
dealt In at the msneyoebtres In Europe. -.
Holders Of Government securities baSe
portunity Of exchanging them for Celss~rest
IA Bonds bearing an eqRsl rate Of I'D
With the principal vel secured ana I"
Ry,Lrzryo 4 PROFIT or IES TO PIP
TEEN PEE CENT IN ADDITION.
o.-..-. ..pt With the funds through respond
- Rsaks OF Express Companies win receive
bso =. .ssenfi0n HondH ant nv refurn Er