The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-09-12
Ii arlington. Cedar Rapids, md Mime.
sotu Railroad Co..


sota Railroad Co.,
Travefsing the great States of Iowa and
Minnesota. The Road nearly completed, and
in running order. Without competition; with
large local and through traffic; an airline
from st. Paul to st. Louis and Chicago.
In recommending to the public an invest
ment in the First Mortgage Sinking Fund
Convertible Seven per cent Gold Bonds issued
by this Company, we subjoin few Of the con-
sderations which we feel authorize US to as
sert the superiority OF this enterprise over any
similar one now in the market.
The desirabilIty of the Bonds as an invest
ment is assured by the fact that the Burling-
ton, Cedar Rapids, and Minnesota Railroad
will serve larger and more numerous interests
than any other of the Western Railroads.
1. 1t is the shortest line by IS miles be-
tween Chicago and st. Paul.
2. 1t is an airline from st. Paul to st.
Louis, 90 miles shorter than any projected or
constructed road.
9. 1t is the highway to the Northwest and
Red River country. 1t must receive as feeders
all projected and constructed roads north of
Maukato or west OF st. Paul.
A. 1t possesses the conditions always requi-
site to secure a frst-class road-namely,
good initial point, an equally good terminal
point, and rich and ropulous intermediate
country.
Burlington-and through its connections
Chicago and st. Louis are the initial points;
and the Cedar Valley, pronounced by the
geologists the best soil in the world for cere-
ais, is its bed track.
Its sources of local traffic are immense
Connecting with the great hills of St. An
thony and the upper Mississippi, it-serves all
Central and Western Iowa, Nebraska, Kansas,
and Wisconsin with timber; and on the other
hand it supplies the same districts with coal
from the great coal measures of the Des
Moines Valley and of Illinois, which 1t reach
es by its tributaries. The agricultural prod
ucts of the country are great source of rev.
enue; the corn of Iowa, the best corn State
in the Union-the wheat of Minnesota, the
best wheat State-and the immense crops of
the great valley, lying between the Missouri
and Mississippi rivels-mses 20 over the
road, the freight rates for which are unrestric-
ted by any competition. The population of
the surrounding district is already immense,
resembling somewhat that of the Connecticut
Valley in character numbers, and enterprise.
6. The road is now building at the rate of
l-2 to miles per day, and is to be complet-
ed in time to move the fall crops this year.
T. The earnings on the completed portion
Of ha will fba
the interest on the bonds, and handsome
dividend. The actual receipts for June and
July (t,oo of The dullest months in the year,
demonstrates this statement beyond dispute.
1t is confidently expected the earnings will be
more than doubled, from the connections es-
tablished when the road is finished to Cedar
Falls.
s. The Bonds may be either Coupon or
Registered at 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 day, to com.
mand price considerably above par.
0. These Bonds are the only mortgage
upon the road, and their issue is limited to
100000 per mile, secured by the rolling stock,
road, depots, and the whole property of the
Company.
10. The Bonds rcn so years, affording an
enduring investment, aud at the same Time
assuring the liquidation of the principal bya
sinking fund which is duly established.
II. The subscriptions to the stock of the
Company along the line of the road are very
large, and are paid in with alacrity.
IL. The road Is built with care and econo-
my, and is nnder the management of parties
OF great experience and capital.
IL. The road is now near completion, and
the Bonds only issued against the finished
portion.
IL. After most rigid examination in to
this enterprise, we do not hesitate to endorse
these Bonds as being. as good and as safe as
United States 5-2o's, and fully equal to any
railroad mortgage issued; and until these Sc
curi,ies are placed upon the New York Stock
Exchange, the rules Of which require the road
. to be completed, we obllgate ourselves to re-
buy at any time Of these Bonds sold by us af-
tec this date.
Government Securities at their yfeseut mar
ket quotations return as an investment the
following rates of interest:
U. S, Cur Os, with 26 years 10 run, per cent cur
s 10 40's 81 4 81 gold
o., lss1s, u 4i2 "
5-2O's, 8
| While the Burlington Bonds return IA per
cent. currency interest, besides having the
prospect OF realizing large profit BY their fu-
lure advance IN price.
The above are but small portion of the
considerations which might be urged In proof
of ,be assertion that the loan We now offer 10
| the public possesses in the highest degree ev-
ery point assuring the safety and profit of the
investment. The small remaining balance of
| this loan for sale at 90.
| HENRY CLEws & Co.,
81 Wall Street, New York.