New-York tribune., 1870-08-13
BANKING AND FINANCIAL.

FIRST MORTGAGE BONDS OF THE BURLINGTON,
CEDAR RAPIDS, AND MINNEsoTA RAILROAD Co..,
traversng the great States of Iowa and Minnesota
le5 miles nearly completed and in running order
without competition with large local and through
traffic an air line from st. Paul to ST. Louis and
Chicago.
Bonds bearing Z per cent interest IN God for sale
at 90 and accrued interest in Currency.
In recommending to the public investment IN
these Securities, subjoin few of the consider
tions which feel authorize MS to assert the supp
riority of this enterprise over any similar
the market
The desirability of the Bonds as an investment is
assured by the fact that the Burlington, Cedar Rap
ids, and Minnesota Railroad will serve larger and
more numerous interests than any other of the
Western Railroads.
l. 1t is the shortest line by IS miles between Chi
cago and st. Paul.
H. 1t is an air line from st. Paul to st. Louis %
miles shorter than any projected or constructed road.
Ill 1t is the highway to the Northwest and Red
River country. 1t must receive feeders all pro
jected and constructed roads north of Mankat0 or
west of ST. Paul.
w. 1t possesses the conditions always requisite to
a frstclass road, wiz good initial point,
equally good terminal point, and rich ard populOus
intermediate country
Burlington-and through its connectons-C Chicago
and St. Louis the initial points; st. Paul and
Mankato and the wheat fields of Minnesota are its
terminal points; and the Cedar Valley, pronounced
by biologists the best soil in the world for cereals
is its bed track.
V. Its sources Of local traffic are immense. Con-
Meeting with the great mills of St. Anthony and the
upper Mississippi, it serves all Central and Western
Iowa, Nebraska, Kansas, and Wisconsin with timber;
and on the other hand il supplies the same districts
IA, o1 tLo e -,
Mones Valley and of Illinois, which it reaches by its
tributaries. The agricultural products of the coun-
try great source of revenue the corn of Iowa,
the best corn State in the Union-the wheat of Min
nesota, the best wheat State-and the immense crops
of the great valley lying between the Missouri and
the Mississippi Rivers-must go over the road, the
freight rates for which unrestricted by any COM
petition The population of the surrounding dis
trict is already immense, resembling somewhat that
of the Connecticut Valley in character, numbers and
enterprise.
vi. The road is now building at the rate Of one
and half to two miles per day, and is to be COM
pleted in time to move the Fall crops this year.
VII. The earnings on the completed portion of tho
road will pay the running expenses the interest on
the bonds and handsome dividend. The actual re-
ceipts for June and July tcO Of the daest months %,
the year. demonstrate this statement beyond dispute
crued interest and the return realized at per
cent gold on the par value of the bond, is about
nine per cent in currency. United States Five
Twenty bonds at present. prices pay only six per cent
and we regard the security u the railroad bonds as
equally good.
TX. The bonds may be either coupon or registered,
nj the option of the buyer and may be converted at
par into stock of the company at any time This
privilege cannot fail to cause them at no distant
dav 10 commend price considerably above par
Y These bonds are the only mortgage upon the
road, and their issue is limited to 10000 per nile,
secured by the rolling stock, roads, depots, and the
whole property of the Company.
XI The bonds run 30 years, atfording an enduring
investments and at the same time assuring the hqu-
dation of the principal by sinking fund which,
duly established.
XII The subscriptions to the stock of the Company
along the line of the road are very large, aud are
paid in with alacrity
MIL The road is built with care and economy, and
is under the management of parties of great exper
and capital.
XIV. A small part only of the loan remains fog
sale, the road being now near completion, and the
bonds issued against the finished portion having
been already disposed of.
The above are but a small portion Of the considers
tons which might be urged in favor of the assertion
that the loan we offer to the public possesses III
the highest degree every point assuring the safety
and profit of the investment.
HENRY CLEws & Co. 81 Wall-st.. New-York.