The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-23
No Safer or Better Investment
THAN THE
First Mortgage
7 Per Cent. Gold Bonds
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 tue magnircent 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 offer, many advan-
tages. The building of the railroad north from
St. Paul to Duluth, at the head of Lake Supe.
rior, where five railroads will soon centre-the
construction of the North Pacific railroad, al
ready begun-and the rapid development of Q
new and productive country In Minnesota and
the Northwest, must furnish large Southern
traffic. As the Upper Mississippi 10 frozen
over during the winter, and its navigation IL
often uncertain during the summer, from low
water, this road must have at all times o large
amount Of transportation, and a monopoly Of
the business at some seasons Of the year. Its
connections with other lines interested by mu-
tual ownership or running arrangements, will
give 1t almost the entire north and south travel
between its terminal points and their vicinity.
This road will have great advantage over
any other Western line in carrying the hest
quality of coal from where it 10 abundant n
Southern Iowa to Northern Iowa and Mime
ing return freigbts of lumber, for which the de-
mapd is very great.
The construction of the road is not an exper.
Uncut, dependent upon any uncertain pesoti-
alton of Its bonds. 1t is in the bands of gen.
tlemen Of wealth and ability, comprising many
leading bankers and railroad builders of expe-
rience. Fotty-six miles Of the line are Just
completed, and eighiy-eieht more are graded.
An abundant supply of iron, ties, and other
materials has been contracted for. The CON-
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, 1t 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 a 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
SIC. 900 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, 90 that II
may be we'll for parties desiring to purchase,
to do so at once. SO
WE BELIEVE TuERR WILL BIZ
NO MORE FAvORABLE TIME TO
SELL GOV nENTS, AND BUY
RSALLY .FIRsT-CLAsS RAILROAD
&c BITES such As THESE
THAN TAE PRESENT.
After full examination, we have accepted
| an Agency for the Sale OF the above FIRST
Mortgage Bonds. aud desire to recommend
them TO our customers AS A THOROUGH
LY SAFE, AS WELL AS PROFITABLE
| INVESTMENT. We have no hesitation In
saving that, in our opinion, the CENTRAL
RAILROAD OF Iowa will be one of the most i'm
| portant and valuable roads in the West