Litchfield enquirer., 1870-06-23

form of investment on the market.
 l 1.-They are secured by 8 frst mortgage on property worth more than double the amount of bonds issued. < eass@Ss @ @ @e& sssss& sS | 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
 line is completed will be of far greater value than ] the simple cost of the road.
 l 2. They are based on the great through line be- tween New York and Boston, which shortens the distance 27 miles, and the time one hour. The road will be 52 miles In length, running be- I tween New Haven and Willimantic, and will be the
 connecting link between roads already established forming route almost straight from one city to
 the other, effecting a saving of from fifteen to | twenty per cent in the distance.
 l 3. One half of the road is about completed, aud 1 nearly two thirds of the estimated cost of the
 whole line has been economically expended The section between New Haven and Middle Bridge, and the Eastern Division, are we'll under
 way and will be carried forward with all possible speed. .e .s-e .eszs - -.-
 4. The State of Connecticut is Trustee for the Bond-holders.
 MThis 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 for their protection. -s47 es2.ss .@e4s-a s'f 5. The local business developed during the past
 thirty awaiting the opening of the road, together with the through trade which must by
 necessity flow to short, quick routes. A The line 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,
 6. The road Is located in Connecticut and will
 largely increase it's productiveness and influence, | and add materially to its wealth. A@ 4 ii AS a "home investment the bonds possess ad- dltlonal attractions. More confidence is felt in them. The condition of the enterprise is better understood The location of the line, the require
 ments of that portion of the State through which nj aI m oad roads III Connecticut, enable the investor to as-
 sure himself that his investment is abundantly secure. ~ ae sre- ss~s sssaa- sess , v T. The we'll 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. &4Es eEsE 2 @ Es VI
 S. 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 Ill taxes ... z per cent
 He also saves Income Tax. .............3 He receives ln interest. st.................7 s Making his investment equal one paying95 '' '' SSThe average tax on securities in Connecticut Is about two per cent The payment of this tax can- not be avuIded except by holding securities not
 taxable. The Air Line bonds being If this class the sau'e as governments, are by thls exemption largely Iacreased ln Value. s,-5 easa a. "A sasA 8. They Dear seven per cent interest, payable half early, May list aLd Nov. 1st, in New York City.
 Ihe interest is liberal and will not be affected by any decline in gold. Careful investors se-
 lecting good currency in preference to gold bear ing bonds.
 10. They are issued either coupon or registered bonds and are ill denominations of $500 & 5000. | The large amount of securities lost and stolen | has awakened a desire to obtain form of invest 1 ment which can be rendered comparatively safe 1 by being registered. To meet this want the Air | Line bonds are prepared so that at any time they
 can be registered, either with or without coupons.