The Portland daily press., 1870-07-11
MkSCEEEAN EDUS.
MESCELLANEOUS
INDIANAPOLIS.
BLOOMINGTON
Western Railway.
Seven Per Cent. Gold Loan.

Ihe bonds are in denominations OF 1000 each So
cured by hrst mortgage on 2o5 miles of road tror
Indianapolis, the largest city and most importomt
Of Phi IN TIE State Of iEdiana, to The cty
ONE HUNDRED AND EIGHTY MILES Of tbo
Line are now IN FULL OPERATION. and eonionnS
Wv new flRsI.CLAss Rolling Stock, consisting of
20 locomotives, ~ Passenger Coaches; II Baggage
and Express Cars; $50 Box Stock and Coal Cas- and
more VIII be added as the wants of the road REQUIRE
The earnings arc already Greni{y in EaceSs of ne
Interest on The Whole Issue of BONDS The baI,n"o
twenty-five miles OF the division in Indiana is naary
all graded. with all the Iron hand, and will he
completed without delay.
There re thirty-six depots on the line located Il,
citseS ana tO,cnS that contain, IN the dggregaIe n
Popatatson Of one hundred and ninety thousand
averaging over 800 to each square mile, within a
radius Of half mile OF the track; and pith;p
tTehty mites Of the track, there is a population of
about sac hundred thousand. "
IL passes through the counties of Marion Hen.
drlGes, Montgomery, Fountain, Warren and Yer
mhilon, IN the State of Indiana, and Vermillion
Champaign. Dewitt, Piatt, Mclean and Tazeweli
counties, in Illinois, the line of the old emgrant
state road which was la out in the best portion of
those States before the time of railroads, was then
the main line of Western travel, and consequently
became more thicky settled than any other sections
OF the West as the numerous cities, large villages
and products of these counties demonstrate.
Besides the large agricultural productions of this
section the manufacturing interest is very extensive
in the large towns and is rapidly increasing.
The coal mines at Danyie on this line are extern
NESS FOR OVER THREE HUNDRED COAL
CARS on this line at present, and MORE THAN
TWICE THAT NUMBER WILL BE REOIJIRED
to carry coal on completion ofthe remaining link.
From the present earnings $50 miles is safe to
assume that the LOCAL BUSINESS 4LONE
WILL BE AMPLE NOT ONLY TO Pay THE
BONDkD DEBT, BUT LARGE DIVIDENDS
ON THE STOCK.
In addition to the population and wealth of the
country and all that is necessary to support first
class rod and make it profitable investment
through local traffic, it forms grand central trunk
Inc Tor through business not surpassed by any road
of equal length in the West
AT indianapolis it cOnnec,s by main lines with tbs
cities OF Columbus, Cleveland, Pittsburg Cincinnati
and with the Pennsylvania Central, Baltimore and
Ohio and other important railroad lines, At Pekin,
the western terminus, connections are made with
Peoria, Quincy, Keokuk, Burlington ami Omaha
At Bloomington, with the Illinois Central Road,
which runs northwest 600 miles to Fort Dodge Iowa,
very large business will be done with this line.
At Canvle it connects by rail with Toledo on lake
Erie. map will show all these to be very impor-
route. w. ~
The loan Is placed beyond any contingency by the
present earnings from local traffic on one hundred
and eighty miles, which must necessarily be doube ed
when the trains run through.
1he Bonds are convertible at the option of the
holder into stock at par at any time which add
greatly to their value. They may be registered at
the Farmers Loan and Trust Company if desired