Litchfield enquirer., 1870-02-10

The old lines were originally constructed in sec- tons, with the view Of passing through the prin- cipal cities rather than to forma direct route be- tween New York and Boston, and hence the cir cuitous route adopted by them. ~, -
 BUSINESS more than a quarter of acent- ury road through this section of the State has been-needed, and unlike most new railroad enter prises. which hayeEto wait the growth of business ished local trade awaiting it's completion. 1t will pass through the towns Of North Aaven, Walline- ford, Durham, Middlehsld, Middletown, Portland. Ohasham, Maiboroughs Hebron, Columbia, Leba- z It seems hardly necessary to call attention to the Business of road, of such vast importance. having connections with so many roads that are to become feeders to it, At New Haven tt will con at Willimaptic with three, while others are being projected. S<S.
 Iii regard to through trade, a single glance at the map IS more convincing than any argument ing the shortest, and a6ording 50 great saving in time, must intimately be the chief thorouph. fare between Boston and New York. ssE
 CHARACTER AND PROGRESS OF THE WORK. The Road IS built under the immediate supervision of the officers of the Company who are most deeply interested In it's success and who design it to be the most thorough, substantial and safest road in the highest engineering skin in the country 1 sas to a d rect the work, and no pains or expense will be spared to bring it to perfection. The grades are very easy, the curves are large, the bridges of the best quality, and all adapted to durability and speed The grading is nearly 6nished between New Haven and Middletown, the bridges cornplet- ed and being placed in position; the rails ars be- will enable the company to use this portion of their line for business early in the spring. The eastern section is beng rapidly graded, and all the force that can be employed to advantage is at work It is confidently hoped that the whole line will be finished and in operation, during the Fall or early winter. E'6a i7a @Z'zGT
 AS As INVESTMENT The Bonds are Coupon and Registered, and are issued in denominations of $500 and Sl ,0O0. They have 20 years to run, and are payable, principal and interest. in New York. By an act of the Legislature of the State of Con- nectlcut they are made exempt from all State and Local Taxation, and by the Company from the used to protect the holders of these Bonds by the terms of the Mortgage, which provides that If the Company, at any time, defaults in the payment of interest for SIX months, the Principal shal st the option of the holder, become due immediately. @
 The Mortgage is made to the Treasurer of the State of Connecticut and his successors in office, in trust for the Bondholders, which is guarantee efths good faith of the Company, and pledge any want of stability in the holder of their Mort s9 Hons 1sssssralrss. is unnecessary to re. mind the public ! that Home Enterprise, carried to it are fully known, is more worthy of attention than schemes for ralroad building Or other pro jects in remote parts of the country, which invite loans at enormous rates of interest. The Mana gers Of this company are well known Connecticut men, and the road itself Is most important work of internal uevelopement, in which every citizen in the state must take just pride s1as,.A5tL
 TAxEs.-Fhe exemption of the First Mortgage state is feature which eauees them to rank with the issues Of the United States while the addition. aIexemptiCn from United States Income Tax pla- ses taeR sboys any othsr saye.taSnt itths nlar- ing profitable investments. It will be borne in mind that the State and Local Taxes in. Oennecti- cut range from + to 4, Averaging about per Iins Bonds it is equivsisnt to se pss Of that hat amount as extra interest, and makes with the say. ing of the income tax, s9350 onoeach r8t, 900 per annum, or nearly 9s per cent interest on the. in. the premium on Gold, which Is liable to decline, come from these secnfitieS. ssse 1'0s - "a Iscosr, As CoatrARsp WITH OTHrn hsaresr,Exrs. with tbe premium on gold at l2o. must be obtain ed aslow as 30 to yield the same amount Of net income as these Bonds at par; while with, gold at par the 6 per centgold bend wonld be worth only aboaE76 compafedasith these bonds at pat. 8 c.' ; TheEGonneeficut State bonda, which were made exempt from tsxasion by aa act of the Legislature are selling in the market at about l03, and at that p5ss yield aa ps0ns Ss H would s make the
 
 at that price, they pay the same interest, namely 5s ner cent, .E .f% EosIy ! II
 The desire to capitalize the -premium which may now be realized on, Fve~TYenty Bonds, and which may At ahy time he ektinguiAh H8beihg funded at reduced rate of interest, and the mater1al de- ciinein gold ia awakening an inquiry for forms of investment which shall sb8 safe, and which shall yi6lda liberal rate of interestin currency. sd Iia : Tomeet thiE demand wel 6her the First Mort. gage bonds ofthe Nsws Haven, Middlstownl and sWiliimantic RailFosd Company, believing them to be in allrespeets worthy of the confdence of in- of investors. snaMeido 90 afters thorough Eexami- nation, as we are unwilling tos offer sny security lWhich Weaa0 not consid6r asHafe and desirable as the issues offhes United 9kates Government. fisf 2. The Bonds can sbe cobtaiueaa of any Bank or Bankerin the State of Oomneeticuts sor by sending direct to ourselves. abUE .sL ga batfisefg 8-ss T Ahclasses ofsscnsitisg will be received at their full market valne, and may be Forwarded by sex- press; and the Bonds win beste&urned at our ex-a pense. .QssI t5sf. .rak .gsnaoD !
 HATCH G. E0OTE,
 Banisrsisnd fssisiSss h eo..srhhrhsns Securities.