Litchfield enquirer., 1870-06-16

ANU PROFITABLE form of investment on the market Iut<sa
 1.-Ihey are secured by & frat mortgage on property worth more than double the amount of bonds issued.
 The bonds can be issued only as the work pro- gresses and for but one halt the actual expendi- ture; while the value of the franchise" when the hne Is completed will be of far greater value than the simple cost of the road.
 2. They are based on the great through line be- tween New York and Boston, which shortens the distance N mics, and the time one hour ~9[1
 The road will be 52 miles ln length running be- tween New Haven and Willimantic and will be the connecting link between loads already established forming route almost straight from one city to the other, eHecting saving of from fifteen to twenty per cent in the distance. y.ys
 5. One half of the road is about completed, aud nearly two thirds of the estimated cost of the whole line has been economically expended.
 The section between New Haven and Middle town, IS about finished. The Connecticut River Bridge, and the Eastern Division, are we'll under way and will be carried forward with all possible speed.
 4. The State of Connecticut is Trustee for the Bond-holders.
 1rnis is additional security; proving the good faith of the company in furnishing every possible safeguard and guaranty that the property cov- cred by the mortgage will be held secure for their protection. Tr-.
 D. The local business developed during the past thirty and awaiting the opening of the road, together with the through trade winch must by necessity How to short, quick routes.
 The nne traverses the central portion of the State, furnishing railroad facilities to some dozen towns, many of them possessing large manufac- turing interests, opening up field almost entirely destitute of railroad transportation, -r. :.
 6. The road IS located in Connectlcut, and will largely increase it's productiveness and influence. and add materially to it's wealth.
 AS "home investment" the bonds possess dltlonal attractions. More confidence is felt in them. The condition of the enterprise is better understood. The location of the line, the require nf hQf fho Gtofo rh b;oL It passes, the uniform success of all well managed roads Tn Connecticut, enable the investor to as- sure himself that his investment is abundantly secure. >>9 @S ,1S1 lg 1s3 &~g.&- s5-5- =
 2. The well-known character of the projectors of of the enterprise, which is Guaranty of it's ear- ly completion and successful management.
 Everything depends on the management, of an enterprise. Prudent, energetic, successful busi- ness men directors and officials largely increase the confidence which is felt in the obligations of company. Those connected with the Ar Line Road are we'll known for ability and character, and we point to their management, and the results &C., complished within the past year, as guaranty for the future.
 8. The Bonds are exempt from U. S. Income tax and from state add local taxes in Connecticut.
 The holder of the Air Line Bonds in Connecti- cur saves in taxes. es...................2 2 per cent He also saves Income Tax. He receives in interest. st................7 " Making his investment equal one paying95 '' s- MThe average tax on securities in Connecticut is about two per cent. The payment of this tax can- not be avoided except by holding securities not taxable. The Air Line bonds being If this class the same as governments, are by thls exemption largely increased in value.
 9. They bear seven per cent interest, payable half yearly, May 1st and Nov. 1st, in New York City. ,--'a ssl-- --->--7-4-s, -- -- ---
 The interest is liberal, and will not be affected by any decline in gold. Careful investors are se- lectlng good currency in preference to gold bear ing bonds.
 10. They are issued either coupon or registered bonds denominations The large amount of securities lost and stolen has awakened desire to obtain form of invest ment which can be rendered comparatively safe by being registered. To meet this want the Air Line bonds are prepared so that at any time they can be registered, either with without coupons.