The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-02-22
sfISe;gs-g.AN EOUs.
A Pine Security at Low Price
First Mortgage Convertible Bonds
Or THE
st. Louis & Southeastern
Railway Of Illinois.
COUPON AND REGISTERED.
Principal and Interest PAYABLE in Gold.
INTEREST SEVEN PER CENT. PER ANNUM
FREE OF GOVERNMENT TAX, PAY
ABLE IN NETWORK, MAY
AND NOVEMBER,

FREE OF GOVERNMENT TAX, PAY
ABLE IN NETWORK, MAY
AND NOVEMBER.
Ibe st. Louis and Southeastern Railway spans the
state of Illinois, commencing The City of St Louis
and ending at the City of Shawneetown on the Obio
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
is the intention OF the Company to push the enter
prise to early completion.
This line of road supplies an urgent need 1t pass
es through fertile and populous section of the State
hitherto destitute OF railroad facilities. In the pre-
duction of wheat the district is not exceled by any
other in the Union, aud the road throughout its en-
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being profitably and ex-
tensivey worked at various poir s.. In view OF the
large and increasing consumption of coal at st.
Lonis and in the adjoining REGION the profits upon
the transportation OF coal alone will, within the liz
it OF three years, more than pay the interest the
entire bonded debt of the Company. The total is
ne OF bouds is limited to S2,250 0G0 equal to about
$4,000 per mile, to be issued only the consruc-
ton and equipment of the road progresses. They
are issued under mortgage made to P c. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke, Trustee. Its carefully drawn.
and duly recoreed in all the counties through which
the road passes.
In offering these Convertible Bonds Tor sale we beg
to refer investors to pamphlet in our possession,
now ready for distribution, containing a comprehen
sive exhibit of the enterprise and its promising tu-
ture, signed by the President OF the Company GEN.
eral EDWARD F. WINSLOW, and by Brevet Ma
jor-General JAMES H. WILSON, United States
Army, one of its Directors and aso 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, integ
rlty and honor. The accuracy OF their statems ntS
may therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail to become convinced that this road when
completed will control a large and profitable local
business, to say nothing OF its through traffic. 1t
will, therefore, be able pay without fall the inter-
est on its bonds and render the stock very prota-
Bile investment. Gross earnings the rate So 900
per mile per annum will be ample pay the inter-
est on its debt, including the expense Of operation
and repairs. There completed road in the state
OF Illinois which is not earning much than this
sum per mite. The Company CONtLDENTL Y
EXPECT THEIR ROAD no EARN FROM SEV
EN- TO TEN THOUSA DOLLARS PER MILE
from the time of completion.
After thorough investigation of the merits of this
enterprise, we confidently recommend these Bonds
to OUT friends and the public safe and profitable
investment.
Price for the present, 92t and accrued interest in
currency the Company reserving to itself the right
to advance the price whenever it NAV so determine
Pamphlets furnished ON application.
DUPEE. BECK DE- SAYTES.