The Portland daily press., 1870-02-28
AND NoyEMBE.

AND NOVEMBER.
The St. Louis and southeatern Railway spans the
State of Illinois, commencing the City of StLouis
and ending at the City of Shawneetown, on the Ohio
river. The entire length when complete, will be 139
miles, TwENTY-SEvEN MILES OF WHICH ARE
ALREADY FINISHED AND IN OPERATION. Work
is progressing other portions of the road and it
the intention Of the Company to push the enter
prise to early completion.
This line OF road supplies an urgent need. 1t pass
through fertile and popuous section of the Stale
hitherto destitute of railroad .acites In the pro-
ducton of wheat the district is not excelled by any
other in the Union, and the road throughout its en-
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being proftably and ex-
tensivey worked at various points. in view OF the
large and increasing consumption of coal at st.
Lons and in the adjoining region, the profits upon
the transportation OF coal alone WILL within the liz
it o three years, more than pay the interest on the
entire bonded debt of the Company. The total is
OF bouds is limited to So, OO0, equal to about
$4,000 per mile to be issued only the construc-
tion and equipment OF the road progresses. They
are issued under mortgage made to P. G.. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke Trustee. 1t is carefully drawn,
and duly recoreed in all the counties through which
In offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in possession,
now ready for distribution containing a comprehen-
sive exhibit of the enterprise and its promising fu-
ture, signed by the President of the Company, Gem
eral EDWARD F. WINSLOW, and by Brevet Ma
jor-General JAMES H. WILSON, United States
Army, of its Directors, and also. to the state
ment appended thereto, signed by w. MILNOR
ROBERTS, United States Civil Engineer, and one
of the most distinguished railroad constructors Of
the country. These gentlemen are well known to
The country and their friends for their ability nteg
rty end honor The accuracy of their statements
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot fail to become convinced that this road when
completed will control large and profitable local
business, to say nothing OF its through traffic. 1t
WILL therefore, be able to pay, without fall the inter
its bonds, and render the stock very profta-
BILE investment Gross earnings at the rate oil 900
per mile per annum will be ample to pay the inter-
est on its debt, including the expense Of operation
and repairs. There is completed road in the State
of Illinois which is not earning much more than this
sum per mile. The Company CONFIDENTLf
EXPECT THEIR ROAD TO EARN FROM SEI.
EN- TO TEN HOUSAND DOLLARS PER MILE
from the time of completion
After thorough investigation of the merits of this
enterprise, we confidently recommend these Bonds
to our friends and the public a safe and profitable
investment.
Price for the present, 92a and accrued interest in
currency, the Company reserving to itself the right
to advance the price whenever il NAV SO determine.
Pamphlets iuchished on application.