The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-01-30
STEADY INVESTMENT.
Principal & Interest in Gold Coin.
Central Pacific Railroad First
Mortgage Bonds.

Mortgage Bonds.
1t is commonly known that the General Gov.
ernmsnt, for wise purposes has given its aid
and encouragement to the construction of one
MAIN THROUGH LINE or RAILROAD from the Pa
cihc Ocean across the Territories TO 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
| COMPANY-who are carrying it forward with
| greater energy and persistence than was ever
| shown in any similar work in ancient or modern
| times-will builn, 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 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 NIL
LIONS in PER CENT. BONDS, delivered hs the
work progresses; or half the estimated cost OF
the Through Line and Branches. These Sub.
sidy bonds the company may cancel in q course
of years by the Transportation services Of the
Roads and o small per centage 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, phieh
SHAH Be the first claim upon the tohote railroad prop
eTty and 70 t0hieh the lien Of the Government shall
| be subordinate as q means of more readily secur.
ing the remaining half Of the capital for the con.
struction; 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 SEMNAIioNAL
WORK aided and commended by the people, the
Legislative power, and the Executive officers,
though its management is administered ioittdH
the care and JorcthotJht Of the most eminent private
corporations. Being under the constant super
viGion of the Government-who, being the prin-
cipal creditor, accepts n subordinate and cOntin
gent lien-with 30 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 value except those Of the
Government.
Under these favoring auspices very gratifying
|
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
years. The CENTRAL PACIFIC RAILROAD bias
also steadny 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
aNft ha Oh
with the Eastern lines being effected in 1870
amount almost to certainty.
The prominent feature in the progress of the
CRNTRAL PA IFIC RAILROAD is the remarkably
large and profitable Local Business which is de.
velOped upon the completed portion, moro Than
| iustifying the estimates Of its ptojectors-that
| the immense traffic between the ports Of Cali
| fornia and the mining regions of the inter or
would sustain frst-class railroad line, even IN
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 tho entire
mountain 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 shall
be centered upon the CENTRAL ROAD, the gen.
eral prosperity Of the company will be without
pondingly. The CENTRAL PACIFIC RAILROAD
| CoMPANY offer for sale theirFIRST MORTGAGE
| THIRTY.YEAR SIX PER CENT. GOLD
BONDS, and submit to Investors tire
| following, among other obvious consiaera-
tons; and invite the comparison with themerits
and eIcellencics of any class Of Corporate SO.
surities:
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
communication on the continent.
II. The local settlement and business there.
from Ia remarkably large and profitable, and
must constantly increase.
III. The hardest part of the road is now
built, and the remainder will be rapidly carried
forward over the Salt Lake Plains
". The greatest part Of the means necessary
IN build the road il provided by the L. ;. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of s3,0Oo,ObO 10 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 the 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
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 third the net earnings
upon the road pledged
X. Both Principal and THteTest are Pdyabk -
God, under special provisions oil both hAt0nH
and State enactment
Tho hands are in sums Of 5000 each, With
| semi-aunual gold coupons attached and are OF.
fered for sale at % per cent OF their par vdus,
and accrued interest from Jan. ], added, In cur.
reney.
The hack interest is charged At six cent
! In e,IT,eTcy though repaid In full in gid.
this time they yield nearly
NINE PEI CENT. UPON THE INVEST.
MEYT.
/ These bonds bid fair TO attain the most prom.
I fnent position among the non-speeulative in
vestments Of the country, and win be Astively
! dealt In - the Money in Europe.
Holders OF Government securities have an op-
portunity Of exchanging them for Central Pa
cine Bonds bearing An equal rate Of interest
with the principal well secured, and Of
REALIZING 4 PROFIT OF TN TO FIF
TEEN PER GEM IN ADDITION.
Orders sent with the funds through response
bic Banks or Express Companies viii receive
prompt attention. Bonds ssnt By return ET
press 70 any address in the United states, a.
our cost Information, Descriptive pamphlets,
Maps. &C, furnished on application At the othce
Of the Railroad Company, No. 81 WhhAn
street, and Of
DUGU Il U ITCH