The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-02-25

AND NOVEMBER.
The st. Louis and Southeatern Railway spans the
State of Illinois, commencing at the City OF StLous
and ending at the City of Shawneetown. on the Ohio
river. The entire length when complete, will be 139
miles, TwENTY-SEvEN MILES OF WHICH ARE
ALREADY FINISHED AND IN OPERATION. Work
is progressing other portions Of the road, and it
is the intention OF the Company to push the enter
prise to early completion.
This line of road supplies an urgent need 1t pass
es Though fertile and populous section of the State
hitherto destitute of railroad facilities. In the pro-
ducton of wheat the district is not exceed by any
other in the Union, and the road throughout its
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being proftably and ex-
tensivey worked at various points, In view OF the
large and increasing consumption of coal at st.
Lonis and in the adjoining region, the profits upon
the transportation of coal alone will within the liz
it Of three years. than pay the interest on the
entire bonded debt of the Company. The total is
ue OF bouds is limited to $2250 O00 equal to about
$4,000 per mile, to be issued only the construc-
tion and equipment of the road progresses. They
are issued under mortgage made to P. G. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke. Trustee. tits carefully drawn,
and duly recoreed in all the counties through which
the ROAD passes. sr .s .Tss
In offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in our possession,
now ready for distribution, containing comprehen
sve exhibit of the enterprise and Its promising tu
ture signed by the President of the Company, Gen-
eral EDWARD F. WINSLOw and by Brevet Ma
jor-General JAMES H. WILSON, United States
Army, one Of its Directors, and also. to the state,
ment appended thereto, signed by w. MILNOR
ROBERTS, United States Civil Engineer, and one
OF the most distinguished railroad constructors Of
| the country. These gentlemen are well known to
the country and their friends for their ability integ
rity end honor. The accuracy of their statements
| NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail to become convinced that this road when
completed will control large and profitable local
business, to say nothing OF its through traffic. 1t
will therefore, be able to pay, without fall the inter-
est its bonds and render the stock very pIofta-
BILE investment. Gross earnings at the rate OF 5000
| per mile per annum will be ample to pay the inter-
est on it's debt including the expense of operation
and repairs There is completed road in the State
OF Illinois which is not earning much more than TINS
| EXPECT THEIR ROAD no EARN FROM SEI
| EN- TO TEN THO USAND DOLLARS PER MILE
/ from the time of completion.
After thorough investigation of the merits Of this
| enterprise, We confidently recommend these Bonds
to our friends and the public as safe and profitable
| investment.
Price for tile present. 92a and accrued interest In
currency the Company reserving to itself the right
10 advance the price whenever it may determine.
Pamphlets furnished on application.