The Portland daily press., 1870-07-25
MISCELLANEOUS.

The bonds are in denominations of $1,000 each se
cured by first mortgage 205 miles OF road from
Indianapolis, the largest city and most important
railroad centre in the State Of Indiana to The city
of Pekin in Illinois.
ONE HUNDRED AND EIGHTY MILES of the
Line are now IN FULL OPERATION, and eouipped
with New FIRsT-CLAsS Rolling Stock consisting ot
% Locomotives % Passenger Coaches; II BAGGAGE
and Express Cars $50 3cx. Stock and Coal Cars and
The earnings arc already Greatly in Ercess Of the
Interest on the Whole Issue Of BONDS The balance.
twenty-five miles OF the division in Indiana is nearly
all graded. with all the Iron on hand, and will be
completed without delay.
There re thirtysix depots on the line. located in
cities and torns that contain, IN the aggregate, a
population Of one hundred and nsnetg thousand
averaging over 500 to each square mile, within a
radius Of half mile of the track; and acithin
t,senty miles Of ne track there is population Of
1t passes through the counties of Marion, Hen
bricks, Montgomery, Fountain Warren and Yer
Champaign, Dewitt, Piatt, Mclean and Tazeweli
counties, in Illinois, the line of the old emigrant
state road which was laid out in the best portion OF
the main line of Western travel, and consequently
became more thckly 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 Danvile on this line are extern
sively and prottably worked, and FURNISH BCSI-
NESS FOR OVER THREE HUNDRED COAL
VANS Oll IniS Hne at present, ana MORE THAN
TWICE THAT NUMBER WILL BE REQUIRED
to carry coal on completion of the remaining link
From the present earnings $50 miles it is safe to
assume that the LOCAL BUSINESS ALONE
WILL BE AMPLE NOT ONLY TO PAY THE
BONDED DEBT, BUT LARGE D!VIDENDS
ON THE STOCK.
In addition to the population and wealth of the
country and all that is necessary to support first
class ro d and make it q profitable investment
through local traffic. it forms grand central trunk
ne Tor through business not surpassed ty any road
of equal length in the West.
At Indianapolis it connec by main lines with the
cities OF Columbus, Cleveland, Pitts5urg, Cincinnati
and with the Pennsylvania Central, Baltimore and
Ohio and other important raf!fosd lines. At Pekn
| the western terminus, connections are made with
| Peoria, Quincy, Keokuk. Burlington ami Omaha
| At Bloomington, with the Illinois Central Road
which runs northwest GOO miles to Fort Dodge Iowa
very large business will be done with this line
At awhile it connects by rail with Toledo lake
| Erie. map will show all these to be very impor.
tant connections in making through lines over this
route
The loan is placed beyond any contingency by the
present earnings from local traffic ON one hundred
and eighty miles, which must necessarily be doub ed
when the trains run through.
The Bonds are convertible at the optiop of the
| holder into stock at par at any time, which ado
| greatly to their value. They may be registered a
| the Farmers Loan and Trust Company if desired.