The Portland daily press., 1870-03-24

Central Railroad
OF IOWA.
At IS, Free from Tax.
This railroad runs 234 miles north and south
through the finest and most thickly settled
portion Of the magnificent State of Iowa, and
is the only link wanting to connect the rail-
way centres at st. Louis and St Paul by an
unbroken line, lat miles shorter than any ex-
isting route. This road Offers many advau-
tages. The building of the railroad north from
st. Paul to Duluth, at the head of Lake Supe-
ror, where five railroads will soon centre-the
construction of the North Pacific railroad, al
ready begun-and the rapid development of
new and productive country In Minnesota and
the Northwest, must furnish a large Southern
traffic. As the Upper Mississippi is frozen
over during the winter, and its navigation IL
often uncertain during the summer, from low
water, this road must have at all times q large
amount of transportation, and monopoly of
the business at some seasons of the year. Its
i
tual ownership or running arrangements, will
| give it almost the entire north and south travel
between its terminal points and their vicinity.
This road will have a great advantage over
any other Western line in carrying the best
quality of coal from where it is abundant In
Southern Iowa to Northern Iowa and Mime
sofa, where none is to be found, and In secur-
ing return freights of lumber, for which the de-
mand is very great.
The construction Of the road is not an exper-
iment, dependent upon any uncertain pesoti-
alton of its bonds. 1t is in the hands of gen.
tlemen Of wealth and ability, comprising many
leading bankers and railroad builders of expe-
rience. Forty-six miles Of the line are lust
completed, and lightweight more are graded.
An abundant supply of iron, ties, and other
materials has been contracted for. The Com
pany have large and daily increasing sur
plus Of money on hand, and the stock sub
scriptions, and the sales of the bonds, give
them ample means to push the work forward,
SO that, with favorable weather, it is expected
that the whole line will be completed this sea-
son.
Security of the investment.
So far as we can learn, every completed
railroad in the Northwest is not only earning
the interest on its bonds, but dividend on its
stock, and we believe the Central of Iowa
must occupy an equally strong financial posi-
ton.
The amount Of Bonds to be issued is but
$4,000 per mile or less than four millions, in
all,
OF which over One Million have
already been Sold.
As we consider these securities among the
choicest in the market, we have no doubt that
the remainder will be rapidly taken, so that it
may be we'll for parties desiring to purchase,
to do so at once.
WE BELIEVE THERE WILL. Bk
No MORE FAVORABLE TIME TO
SELL GOVERNMENTS, AND BUY
REALLY ,FIRsT-CLAss RAILROAD
sKCURITIEs SUCH As THEsE-
THAN THE PRESENT.
After a full examination, we have accepted
an Agency for the Sale of the above First
Mortgage Bonds, and desire to recommend
them to our customers AS A THOROUGH
LY SAFE, AS WELL AS PROFITABLE,
INVESTMENT. We have no hesitation in
saying that, in our opinion, the CENTRAL
RAILROAD OF IOWA will be one of the most i'm
portant and valuable roads in the West.