New-York tribune., 1870-10-06
BANKING AND FINANCIAL.

BURLINGTON, CEDAR RAPIDS, AND MINNESOTA
RAILROAD COMPANY, trareSng the great States Of IOrd
and Minnesota. Tie Road marty completed and in run
nina order. Hithout competition; trh large local and
Hrouqh traffic; an Air-Ime from 81. Paul 10 ST. Louis
and Chicqqo-In recommending to the public an in
vestment in the FIRST MORTGAGE SINKING FUND
CoSvERTIBTE SEVEN PER CENT GOLD BoNDs issued
by this Company, we subjoin few Of the consdera-
tions which we feel authorize to assert the supe-
riorty of this enterprise any similar one now
in the market.
The desirability of the bonds as an investment is
assured by the fact that the BURLINGTON, CEDAR
RAPIDS, AND MINNESOTA RAILROAD will serve larger
and more numerous interests than any other Of the
II is the shortest line by 45 miles between Chi
3 II isan airline from St. Paul 10 st. Louis 90
miles shorter than any projected or constructed road
3 II is the highway to the North West and Red
River country II must receive as feeders all pro-
jected and constructed roads north OF Mankato OF
west If St. Paul.
II possrsscs the condition always requisite to Sc
cure "a int-cass road, namely, good mihGl point
an equally good terminal point, ana men ana ana popI
Ions Intermediate country. BuIington-and through
its connections Chica-O and 1t. LOUIS are the lnltl
points; 81, Paul and Mal,ato, and the wheat ileIGs
Of Minnesota are i'g terminal points; ana the Cedr
Valley, pronounced by geOlogst3 the best SOIL III tDe
| world for cereals, Is its bed-tlack.
3 It's sources If local traffic are immense. Con-
Meeting with the RCat mills Of ST. Anthony ana the
pper Mississippi, 1t serve all Central ana western
Iowa, Nebraska, Kansas, and Missouri with tlmDeI
and the other hand, it supplies the same districts
with coal from tie great coal measures OF the Ies
Moincs Valley and of Illinois, which 1t reaches by
| its tributaries lie agricultural products OF the
country are a great source Of revenue; the corn OF
Iowa, the best state in the Unon-thc wheat OF
Minnesota the best wheat State-and the immense
crops of the great valley lying between the Missouri
! and Mississippi Rivers must 20 over the ROAD, the
freight rates for which are unrestricted by any COM
petition. The population Of the surrounding dlSlrlce
| is already immense. resembling somewhat that OF
| Il, titttA IA
8. The road is now building at the rate of Il to
miles per day. and is to be completed III time to move
Z. The earnings on the completed portion of the
road will pay the running expenses the interest Oh
| the bonds, and handsome dividend The actualIe-
ceipts ior June and July trO Cf the datest nouns IN
the geqil demonstrate this statement beyond dispute.
It is Confidently expected the earnings will be more
! than doubled from the connections established when
| the road Is finished to Cedar Falls. 49,,
| X The bonds NAV be either Coupon or Registered,
at the option OF the buyer and may be converted at
| par into Stock of the Company at any time. ms
| privilege cannot fail to cause them at 10 distant
! day, to command a price considerably above par.
! 9. These Bonds are the only mortgage upon the
road and their issue is limited to $4,000 per mile,
| secured by the rolling stock road, depots, and the
| whole property of the Company.
TO- The Bonds run 80 years, atordlng an enduring
| Investment, and at the same time assuring the
iquidatiOn of the principal by sinking fund which
IL. The subscriptions to the stock of the Company
along the line OF the road are very large, and are
H. The road is built with care and economy, and
is under the management of parties OF great expert
ence and capital
Is. Tie road is now near completion, and the Bonds
| only issued against the finished portion.
II. After most rigid examination into this enter
prise do not hesitate to lndOIse these Bonds as
being as good and as safe United States 50s and
fully equal to any railroad mortgage issued; and
until these securities are placed upon the New-York
Stock Exchange, the rules Of which require the
road to be completed oDl0ate ourselves to Tebuy
at any time any If these Bonds sold by after this
date.
Government securities at their present market quo
tatOHs return an investment the following rates
Of interest:
L. ;. Currency IS with % years to run, per cent,
currency.
t. y iO-4os with 81 years TO run, f. per cent, gold.
L. ). Gs 1881 with II years TO run, a per cent gold
|. :. 5-!0S, Hitn years to run, per cent gold
while the Burlington bonds return g. per cent cur
Tcucy interest, besides having the prospect of real
izro large profit by their future advance in price.
The above are but small portion Of the consider
ations which might be urged in proof of the asser-
ton that the loan we now otter to the public pos
in the highest decree every point assuring the
safety and profit oi the Investment.
The small rcmGiRg balance Of this Loan for sale al N
Henry CLEWs IL Co., 3! " dll-st., New-lOrk.