The Sun.
London, England, 1870-04-06 00:00:00

The,Bonds will 'carry interest at the rate of 7 per cent. per
annum, from the -Ist of April, 1870; half yearly on Ist (Jo-
tober and Ist April in each year,- payable at the option of
the holders, as under:--
In New York, 35 dollars in gold, at the National Bank of
Commerce;
In London, ' £7 ss. sterling, at the Counting-house of
Messrs. J. S. Morgan and Co.
A Sinking Fund of 55,000 dollars in gold, or £ll,OOO
(being li per cent.), will be applied, together with the into,.
rest on the Bonds redeemed, to the reimbursement of t *
loan at par• within 30 years, by annual drawings, in t •
month of November in each year, the first drawing to
place in November,lB73. . The Bonds drawn will be
on Ist,Atril next following each drawing, either in gold-
vi," lir
New York, or in sterling in London, at the option of this"
holder:

The Bonds now offered are issued by the Illinois and SL
Louis Bridge Company, incorporated by Acts of the States
of Missouri and. Illinois, and consolidated by an Act of the
Congress of the United States, 20th July, 1868. They are a
first charge, under a Mortgage duly registered, upon the
entire property, franchises, and charter privileges of the
.Company.
By the special Act of the Congress of the United States,
the Bridge and its approaches are declared to be a national
post road, thus placing the affairs of the Company directly
under the control and jurisdiction of the Supreme Court of
the nation. The same Act makes the principal and interest of
these Bonds payable in gold coin legal and imperative, this
being the only instance in which Congress has provided for
the payment in gold of Bonds issued by a private corporation.
The object of the company is the connexion, by means of
a permanent Bridge, of the railway system of the south-
west of the United thates, which centres in the city of St.
Louis; on the west side of the Mississippi River, with the
important lines on the east side of that river. By his- means
the present uncertain and unsatisfactory transfer of passen-
gers and traffic by means of a Ferry (now frequently inter-
fered with, and at times totally suspended for several
days) will be avoided, and an uninterrupted communica-
tion between the railroads on the east and west sides of the
river secured.

The Bridge Company have the exclusive right to bridge
the river at St. Louis for 25 years, during which period no
other Bridge can be erected within a river line of eight
miles.

The construction of the Bridge, which is designed also to
accommodate ordinary road traffic, is being actively pro-
ceeded with ; the piers of solid masonry, tounded on the
rock, have been successtully built ; and a contract has been
entered into with the Keystone Bridge Company at Pitts-
burgh (the Company by whom most of the large Railway
Bridges in the United States have been built) for the
superstructure, which will consist of steel and wrought
iroh throughout, resting upon the piers of solid masonry
before mentioned.
The Contractors assume all risk of manufacture and erec-
tion, and are under agreement to complete the Bridge ready
.for traffic by the Ist December, 1871.
Six Railway Companies having their termini at St. Louis
(including the two lines owned or controlled by the Penn-
sylvania Railroad, forming part of its system for through
traffic between the Atlantic and Pacific seaboard) have
already ratified contracts binding themselves to pass their
entire traffic over the Bridge at fixed rates of tolls in per-
petuity. _

•At the time the construction of the Bridge was determined
oti in 1868, data were obtained from the books of the three
Railway Companies whose lines at that time reached East
St. Louis, and it then appeared that in the year 1867 the
tcnnage to and from East St. Louis, based upon the tolls
which the Bridge Company is authorised to levy, and which
it may be mentioned are very considerably in reduction of
the Ferry charges, would have yielded to the Bridge a re-
venue of 768,683 dollars.
Since then, such- has been the rapil development 6f-the
country tributary to St. Louis, that it has been necessary to
construct the additional lines eastward; while ou the west
side the railway mileage has more than doubled, It is safe
to estimate that the revenue of the Bridge iron the lines
which have already contracted to use it cannot be less than
1,000,000 dollars per annum, which must increase at a
rapid rate.
The requirement of the Bonded Debt
• 'tivill be • $4410300
Interest
Sinking Fund 55,000

$335,000
The amount already paid up upon the Share Capital, in
addition to the proceeds of the sale of the above Bonds, will
be amply sufficient for completing the Bridge and its ap-
proaches ; but, as an additional guarantee, there is an uncalled
Capital of 1,800,000 dollars, and a reserve of Shares amount-
ing to 1,000,000 &liars.
Upon the unpaid Capital a call has been made of 600,000
dollars to provide for the payment of interest during con-
struction.

Applications for Allotments must be made in the annexed
form, but no application will be entertained unless accom-
panied by a deposit of £5 per cent. on the nominal amount of
the Bonds applied for.
. . . .

In case default is made in payment on allotment, or of any
of the instalments on the days named, the allotment will be
liable to be cancelled, and the amounts then already paid
forfeited. In cases in which no allotment is made the amount
deposited will be returned to the applicant, without deduc-
tion. Upon payment of the allotment money, Scrip Certi-
ficates to bearer will be issued to the Subscribers, which
will be exchanged for the definitive Bends as soon as pos
Bible after payment of the whole amount of the sub-
scription.
22, Old Broad-street, Ist April, 1870.

No
FIRST MORTGAGE SEVEN PER CENT. BONDS OF
THE ILLINOIS AND ST. LOUIS BRIDGE COM-
PANY.

FORM OF APPLICATION.
To Messrs. J. S. Morgan and Co.
Gentlemen,—Having paid to you the sum of X
I hereby request that you will allot me £2OO
(1,000 doll.) Bonds of the above-named. Company, and I
hereby agree to accept such Bonds, or any smaller num-
ber that may be allotted to me, and to pay the further
sums due thereon according to the terms of the Prospectus
issued by you.
I am, Gentlemen,
Your obedient Servant,
Signature
Address in full

Date..

.....1870