Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-09-15
Cedar Es pids, and MIN
nes0ta Railroad Co.

| burlington, Ceuaf ISapluSJ anu MINNIE
sofa Railroad Company, traversing the
great States of Iowa and Minnesota. The
Road nearly completed, and in running
order. Without competition with large
local and through traffic an airline from
st. Paul to st. Louis and Chicago.
In recommending to the public an in
vestment in the First Mortgage Sinking
Fund Convertible Seven per cent
Gold Bonds issued by this Company, We
subioin few Of the considerations which
we feel authorize US to assert the superb
ority of this enterprise over any similar
one now in the market.
The desirahility of the Bonds as an in.
vestment is assured by the fact that the
Burlington, Cedar Rapids, and Minnesota
Railroad will serve larger and more nu
merous interests than any other of the
Western Railroads.
1. 1t is the shortest line by 40 miles be-
tween ChicBgo and st. Paul.
! 2. 1t is an airline from St. Paul to St
Louis, 80 miles shorter than any project
ed or constructed road.
3. It is the highway to the Northwest
and Red River country. 1t must receive
as feeders all projected and constructed
roads north of Mankato or West of St
Paul.
4. 1t possesses the conditions always
requisite to secure a first class road
namely, a good initial point, an equally
good terminal point, and a rich and pOpu-
lUup intermedi4te country.
Burlington-nud through its connec-
tions-Chicago and st. Louis are the
initial points; st. Paul and MAnkato, and
the wheat fields of Minnesota, are its ter.
minial points; and the Cedar Valley, pro
nounced by geologists the best soil in the
world for cereals, is its bed-track.
5. Its sonrces of local traffic are i'm.
mense. Connecting with the great mills
of St. Anthony and the Upper Missi=sip'
pi, it serves ali Central and Western Iowa
Nebraska, Kansas, end Wisconsin with
| timber; and on the other hand, it sup.
plies the same districts with coal from the
treat coal measures of the D9s Moines
| Valley and of Illinois, which II reaches
| by its tribut, ... Tha =: y4 ural pro.
ducts of the country are eat source
of revenue the corn of Iowa, the bes,
corn State III the Union, the wheat of Min.
uesota, the best wheat State-and the
immense crops of the great valley lying
between the Missouri and Mississippi
Rivers-must 80 over the road, the freight
rates for which are unrestricted by any
competition. The population of the sur.
rounding district is already immense, re.
sembling somewhat that of the Connect.
cut Valley in character, numbers and en-
terprise.
g. The road is now building at the rate
Of to 2 miles per day, and Is to be com.
Dleted in time to move the fall crops thi,
year.
z. The earnings on the completed por-
ton of the road will pay the running ex.
penses, the interest on .he bonds, and a
handsome dividend. The actual receipts
tor June and July two of the dullest
months in the year demonstrate this
IDENTIFY expected the earnings will be more
than doubled from the connections estab.
Iished when the road is finished to Cedar
Falls.
8. The Bonds may be either Coupon OF
Registered, at the option of the buyer,
- 3"d an. may be converted at par into Stock
lege cannot fail to cause them, at no dis
tant day, to command price considerably
above par.
8. Those bonds are the only mortgage
upon the road, and their issue is limited
to $4,000 per mile, secured by the roll
ing stock, road, depots, and the whole
property of The Company.
10. The Bonds run so years, afording
an enduring Investment, and at the same
time assuring the liquidation of the prin-
ciple by a sinking fund which is duly es-
tablished.
II. The subscriptions to the stock of
the Company along the line of the road
are very large, and are paid in with al4c-
rity.
u. The road is built with care and
economy. and is under the management
of parties Of great experience and capital.
l3. The road is now near completion,
and the Bonds only Issued against the fla
ishod portion.
Il After most rigid examination in
to this enterprise, we do not hesitate to
endorse these Bonds as being as good and
as safe as United States 20s, and fully
equal to any rBilroad mortgage Issued Z;
and until these securities are placed upon
the New York Exchange, the rules of
which require the road to be completed,
we obligate ourselves to re-buy at any
time any of these Bonds sold by us after
thiS date.
Government Securities at their present
market quotations return as an invest
ment the following rates of interest:
is. Cur 6's, with % years to run per cent cur
- - 10 10 4os ,Ss,, ., " 81 ~ - god
SOS, a
While The Burlington Bonds return 1-2
per cent currency interest, besides having
the prospect of realizing large profit by
their future advance in price.
The above are but a small portion of
the considerations which might be urged
ia proof of the assertion that the loan we
now offer the public possesses in the high
est degree every point assuring the safety
and profit of the investment. The small
remaining balance of this loan for lie at
80. HENRY CLEWs & Co,
1 Y