The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-03-05
THE CHTCAGO. DANVILLE, AND VIM
TENNEC RATLROAD

CENNES RAILROAD.
THE route of this road is through the eastern
tier of counties of the State of Illinois, aud it
traverses a well-settled and highly cultivated
region Of country that is not surpassed in gene
raj productiveness and quality of soil by any
portion of the State. This section, singular to
say, has hitherto had no direct railroad commu-
nicatlon with Chicago, which is the natural out
let for the produce not only of Illinois, but of
very large portion Of the great Western coun-
try. The pecunlary success of the Chicago
DanYille, and Vincennes Railroad, which is now
completed and in operation between Chicago
and Nomence, a distance of hfty-nve miles, is
a foregone conclusion. The Chicago Tribune,
the editor of which is entirely familiar with the
character and capacity of the country trayersed
by the road says of it,
1--WE can see reason for supposng otherwise
than that this road, when completed to banyle ana
connected with the Terre Haute and Evansville
road, making, in fact one continuous line from Chi
cago to Evansville OF ESQ miles In length will pour
trade into this city little less than that carried by the
Illinois Central. it passes through equally good
a country, and very little of the products OF the
tower 220 miles OF country 1t traverses aud controls
have ever reached this market. The coal aud iron
business of the road must be heavy from the start
ana ana sasE se tse CHICAGO msrEe TO he exeanSed FOR
lumber, merchandise, groceries, building materials,
salt, fish, furniture etc. our business men nave
and valuable artery OF trade running along the
boundary line between Illinois and Indiana from
Lake Michigan to the Ohio river 1t is time they had
wakened up, and were making their preparations
to Ltransact their new business which In Few
months will be pouring into their hands"
The road will be completed rs far as Danville
ere many months, and from thence it will extend
in o southwesterly direction to the State line of
Indiana and connect with the Evansville, Terre
Haute and Chicago Railroad the length of the
line being about one hundred and forty miles.
This road will be q frst-class one in every re-
spect and it will considerably exceed the stan
dard of first-class work established by the Gov
ernment engineers for the Pacific Railroads. The
road-bed Is solid and of extra width, and the
culverts, bridges, etc, of a character for many
years wear. Upon this, white oak ties are laid
to the unusual number of $500 to the mile. The
rails are of the best quality and weighing fifty.
six pounds to the yard, and these rails are Sc
cured by fish joints. 1t is evident that such a
railroad will need but little repair for many
years to come, and that 1t can transact its ra-
pidly increasing business without the CORE
spending outlay which most ndw roads require
as soon as they obtain the business which theiI
projectors anticipate.
In comparison with some of the best paying
roads of the West the bonded debt of the
Chicago, Danville, and Nincennes Railroad is
small and passing as it does through rich and
populous country there can be no doubt that II
will from the commencement of its operations
more than earn its expenses and the interest on
its debt
Upon this road thus constructed, the company
are selling first mortgage per cent. gold bonds
having 40 years to run, interest payable semi
annually. The sales already have been large
and the company has been purchasing materials
for the extension and equipment. Among these
purchases are 80 600 oak ties, 5000 tons of rails
20 locomotives, 1870 freight cars, and othel
articles in proportion. The road has an assur
anco of large and profitable traffic, both from
the local trade and from the carrying of Goa
and iron from the points of their production
along the line to Chicago where they are il
@steady demand The bonds are for $1S 900 t
the mile only, and at present price of gold the
pay nearly 10 per cent. upon the investment.
These bonds are considered equally secur
with Governments, and they are much NOR
profitable, so that there is decided advantag
in making an exchange. The agents for th
sale of the bonds are w. Bailey Lang 81 Co
No. 54 Cliff street, New York, from whom u
Information with regard to the road and il
securities can be obtained.