The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-02-16
Central Pacific Railroad First
IOrtI age Bonds.

MOTle d e nOu0b.
II is commonly known that the General Gov.
ernmsut, for wise purposes, has given its aid
and encouragement 70 the construction Of one
MAIN THROUGH LINE OF RAILROAD from the Pa
cihC Ocean across the Territories 10 connect
with the various Eastern branshes OF the Pa.
cifc Railroad system, and which will fern the
GRAND TRUNK RCUFB TO the Far West,
upon which the mighty traRs-continentAl traffic
viii concentrate.
The CENTRAL PACIFIC RAILROAD
COMPANY-who arc carrying it forward with
greater energy and persistence than was ever
shown il any sip'ilar work in ancient or modern
umes-will bui'u, equip, own and control the
Western Half of this Through Line. the most
productive, favored aud 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 oonters upon the COrpo-
rarlOns, besides ihe right OF way acrOss the Ter.
ritOries gift of ~ SO0 acres o. the public lands
per mile, contiguous 70 this line, and al Appro-
pration from the National credit OF SIITT NIL
LIONS in PER CENT HOEDs, delivered rs the
work progresses; OF half the estimated cost OF
the Through Line aud Branches. Thes. sub.
sidy bonds the company may cancel in q course
of years by the Transportation services Of the
Roads, and II small per cSntage Of their net -Arn.
ings; they, therefore, consulate an element OF
great strength 10 the corporations.
The Act further authorizes them TO issue an
equal amount Of their own First Mortgage
Bonds Of corresponding denominations, phieh
shall be the frst claim upon The ohOle railroad prop
erty and 20 phioh the lien Of TIE GocernHSrif shaA
be subordinate, ~ a meahs OF more readily seour-
ing the remaining half of the capital for the con
struction; the equipments, &c, being provided
out Of the capital stock subscriptions aud other
sources.
The great CENTRAL Pacific RAILROAD is there
fore Ia All important sense, . SEhl-NATiONAL
WORK aided and commended 10y the people the
Legislative pow or, and the Executive officers
though it, management il ddIaiHlStered lCth al
The care and JOrcthOgh Of he most eminent pirate
corpordti0Hg Being under the constant super
vision of the GOvernment-whO beng the prin'
cipal creditor, accepts suburiinate and cnutn.
gent licn-with 50 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 san q claims % conn
dence aud market wine except those of the
Government.
-
progress has been made in extending the railroad
track from both directions. Nearly 1000 miles
of the Main Line aud C0nvergiug Branches he
tween the Missouri River and the base OF the
Rocky Mountains have been built within three
wears The CENTRAL Pacific RAILROAD has
also steadIIy and successfully carried the Main
Stem Line from the steamboat navigation of tho
Pacific 10 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
IL - r Al l.
line, the probabilities Of the through connection
with the Eastern lines being affected in 1870
amount almost 10 certainty.
The prominent feature In the progress Of the
CENTRAL PA IPIC RAILROAD Is the remarkably
large and profitable Local Business which Ia de.
yelOped upon the completed portion, more than
the estimates of its pIOicCtOrs-that
the immense traffic between tho ports Of Cali.
toInia and the mining regions Of the init or
would sustain a tiTst-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 lar, Teashes nearly two
millions in gold: and this ratio viii be- doubled
during the coming season when the entire
transit IL made by the locomotive.
With every extension Of the track, the business
and profits of the Clmpleted part arc increased;
so that when the overland through traffic -hall
be Centered upon the CENTRAL ROAD the gen.
eral prosperity OF the company will be without
parallel, aud its securities appreciated CORES.
pondingly. The CENTRAL PACIFIC RAILROAD
COMPANY offer for sale theirPllLST MORTGAGE
SIX PER CENT. GOLD
BON DS and submit 10 lnvert0rs TIE
following among other obvious cOnsiAera.
tons. and invite the comparison vita ths merits
and eIccencits Of any class OF Corporate -
Gurties:
!. These Bonds are based upon the most vital
81. I'D Vt II
Railroad, soon to Become the, main channel OF
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 the road 10 now
built, and the remainder will he rapidly carried
forward over the Salt Lake Plains.
". The greatest part Of the means neces sary
to build the road Is PROVIDED by the U. :. Gov.
eminent upon a subordinate lien.
V. The State and chief cities Of California
have contributed upward Of sJODDOU 70 the
enterprise without lien.
VI. The grant of land Is destined At an early
day 70 prove Of far greater market value than
the total Of the Grst mortgage bonds issued
upon the road and equipments.
VII This road lies altogether among the gold
and silver producing regions, and it, revenues
arc received IL coin.
VIII. The management Of this company has
bSen In the highest degree prudent and frugal,
and the whole surplus, after payment 0i expense
and interest Is devoted 20 Construction purps-
ses.
TX. The interest liabilities Of the company
are even now less than . third the net earrings
upon the road pledged
K Both Principal and IBt>rer are pdyabL IN
Gold under speciAl provisions Of both National
and State enactment.
The bonds are in sums OF 1900 each. With
semi annual gold coupons attached, and are Of.
fered for sale al % per cent Of th-ir par value.
and accrued interest from jan. !, AIDED, In cur.
rency.
The back interest IL charged a. SIX csat
in currency, though repaid In full in GID A
this time they yield nearly
NINE PER CEgT. UPON THE INVEST.
KRST.
These bonds bid fair 20 attain the most prom
inent position among the D0Dreeeul2tTe IN
vestmens Of the country. and Ell Dc aSuVe4J
dealt in az the msney centres IN Europe.
Holder. Of Government securities have an op-
portunity OF exchanging them FOR CsatraI "a !
cihc Ponds bearing an equal rate of intef0s' F..
with the principal weii secured, and "
REALIZING 4 PROFIT or EES TO mr.
rgEy PER oEyE " ADDITION
o-5s-, .su, viii the fands through rssponsi-
- 800 OF EIpress COnP2nies WI receive
OIe L HS,,s1ti0u. BOnds ssnt by returB IL .
ponPs - .ddr.ss in the United States, a. I
pie InfOrrAtiOn, Descriptive pamphlet /
our og % Se furnished on application at the Ohies
- ,be RAfrUAd Company, No. - william I
sfreet, and Of
FISK & HATCH,
p,,ks-. .rd T..ta-. q, CS--.---,.-. C.--rftLaa