The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-11-23
FINANCIAL.
The strongcsa and Vest ecured,
as well ns HEost PreGtaSle In-
vestment now OHerea in
Ihc Market. 4.
y REA CENT. GOLD
First Mortgage Bonds,
Coupon or Regissersd and free OF L. s. Tax,
PRlNClPAlAND INTEREST PAYAB1E IN GOLD,
ISSUED THE
Burlington. Cedar Rapids and
Minnesota R. R. 90.
The small remaining balance OF the Losn for sale
AZ 90 and Accrued Interest i'm
Currency.
Interest payable May and November.
j. EDGAR THOMSON, ! r-u.
L 4
j. EDGAR THOMSON, r..
OHARLhS l.. FROST, ilustee

Taking the average earnings OF the railroad per
mile even at the present time, when the werk Of the
r0ad Is being performed on disconnected portieas,
ana computing for the whole distance OF 20 miles at
the sane rate we obtain an aggregate OF $3.50 ese for
operating expenses will be hoeral estimate until
the lapse of lime shall lave rendered new IRON and
rails necessary, the resultnet earnings 1926 o0e
TO pay interest bonded debt OF VIZ 600 Ser mile
or mere than twelve per cent on the amouat Of the
From this exhibit it appears that even at the pre-
sent moment, holders o1 the seven per cent. mort
borne in mind that at tnis time an interval OF forty
mllt separates the TWO portions OF the road which
are In operation and therefore thst freight neying
esstw ard pays tribute now only half OF the Bur-
lmgton, Cedar Rapids, and Minnesota Railroad line,
being diverted for through transportation CEN
nectBp lines When the existing gap is hnished-
which, 1t is assured, will be by the 1sJ OF December
-Reods which now pass over one-haf will then tra-
verse the whole OF the line, thereby doubling the
present receipts OF the road, assuming that ne
increase OF the gross amount transported takes
place. glance at the nap will show the position.
We may assume, therefore, from the abeve exit
bit OF the existing traffic. that the following est-
mate will represent the income aceruing. on the
completion OF the enterprise after the LIST of De-
censer:-
keceptB oE no miles from Burlington To
Ceoar Falls 5000 per mile ............ 81 356 ees
Operating expenses at 80 per cent annual
rate 1of nrst nVe years. 6IS,e0o
Net income ...:..................... sS7s,o zee
Interest IN bonds at per ceut. gold, equ-
Yalent to per cent. curren iy........... 273 zee
Earnings ia excess of interest applicable
on amount OF stock, say $4,000 per
This remarkable exh6it s accoanted for Sy me
character OF the erprse and the country through
which u runs ana may be explained on the follow
First The Burlington. Cedar Rapids and Mime.
seta Railroad is continuation of the Chicago Bar
nhe,9h, ana quincy fairoad one best entererise in
the WesD, and 1t traverees, without competition,
the richest portion OF Iowa-the most fertile State
IN the Union-snd receives as srbutares the Chi
Union Pacific Chicago, Burlington, and Quincy,
Minnesota Central and R0ckfold aud Rock Island
Second. 1t is the arst and only com pleted Iowa
road running in the interest of st. Louis, Chicago,
St. Paul, Manksto, and the Great Northwest.
Third II brings Chicago forty five mi es nearer to
st; Paul than ever before.
Fourth.-lt gives the only practicable route from
st. Paul to St Louis ninety miles nearer than any
other route. Its road-bed is in the finest cereal.
bearing valley In the world.
Fins.-It has four a. great initial and termiaal
points, vz:-St Paul, st. Louis, Burlington, and
wnr o anu sto ps @ 'ns mnes. ,egon ln tae
immense, both from local AID through transporta-
ton: The products OF the country comprise Timber,
Coal, Cereals and Cattle-all in unlimited quanti-
ties The population OF the surrounding districts,
as shown by the census returss OF the last three
years, is ihnense and increasing at the rate of
almost twenty per cent. per annum. This rate OF
increase must he greatly accelerated by the innax
OF wesltn and pQpniation which railway construction
The above stateme comprises some of the res-
sons why the Burlington, Cedar Rapids and Mime
sota Railroad is worthy Of place among the arst
railways Of the land. The stock OF the road has
line, and paid in full. The bonds are held at Sc and
interest in currency, and are for sale by baaks aAd
bankers generally The greater portion OF the whole
ttsue has been disposed Vf In suns varying from
Sose to CO., and the class OF IN largely
represented by Trustees Of Funos, Cashiers OF
Banks and Savings Institutions, Insurance Compa-
Dies, aud judi cious and peTHanent Investors.
The bonds have Dlty years TO ran, are convertible
at the option Of the holder into the stock OF the Com
pany at par, and the pay OF the princpal is pre-
videS for by sinking fund. The coaverteiig
privilege attached to these bonds cannot fail 10
them, at an early day TO cOmmand a market price
considerably above p-r. u. 8 Fivetwenties At pre-
sent prices Return only ~ per cent currency iAte-
rest while these bonds pay 81 per cent, aud we
regard them 81 be as safe ane fully eqaal a security
to any nailroad Bond Issued and nnt they are
placed upon the New YORK Stock Exchange, the
rules OF which require the road to be completed, we
0slRate ourselves to rebuy at time any Of these
bends sold by after this date at the price
realized by Hs on their sale.
All marketable securities taken in payment free OF
commission and express charges.