The Portland daily press., 1870-03-11
INTEREST SEVEN PER CENT. PEI ANNUM,
FREE OF GOVERNMENT TAX, PAY
ABLE IN NEw-YoRK, May
AND NOVEMBER,

AMI NONEMBER.
The St. Louis and southeatern Railway spans the
State of Illinois commencing at the City of StLouis
and ending at The City of Shawneetown, 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 on other portions OF the road and it
is the intention Of the Company to push the enter
prise to early completion.
This line OF roal supplies an urgent need. 1t pass
Though fertile and populous section Of the state
hitherto destitute OF railroad aciltes. In the pro-
ducton Of wheat tie district is not exceled 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-
tensively worked at various points. 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 three years, more than pay the interest on the
entire bonded debt of the Company. The total is
OF bouds is limited to $2,250oo0, 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. 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 off ring these Convertible Bonds for sale we beg
now ready for distribution, containing compreheu-
sve exhibit OF the enterprise and its PROMISING tu-
ture. signed by the President OF the Company, Gen.
eral ED ARD +. WiNSLOW, and bv Breyet Ma
jor-General JAMES II. WILSON, United States
Amy. ore OF its Directors, and Also to the state
ment appeuded toereto, rixnad by W -MJLAo.4
ROBERTS, Unit d 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 abIIv integ-
rity end honor. The accuracy OF their statements
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail 10 become convince 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 fail the inter-
BILE investment. Gross earnO at the rate OF $4,000
per mile per annum will be ample to pay the inter-
est on i,s debt including the expeLse OF opera'iou
and repairs There is completed road in the stale
OF Illinois which is not earning much more than this
sum per mite. The Company CONEHDENTLY
EN- TO TEN THOUSAND DOLLARS PER NILE
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 safs and profitable
investment.
Price for the present, 92A and accrued interest In
currency, the company reserving to itself the right
to advail Q The price whenever it may SO determine.
Pamphlets iuiiished on application.
DVPEE, BECK d. SAYLES,
I02 State ST., Bostcu.
GEORGE OPDYKE d co.
No. rs Nassau.st., New York.
FeblS-deod13t