The Portland daily press., 1870-03-04

ABLE In NEW-YORk, MAY
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 10 early completion.
This line of road supplies an urgent need. 1t pass
Though fertile and popuous section of the State
hitherto destitute OF railroad .actes In the pro-
ducton of wheat the district is not excelled by any
other in the Union, and the road throughout its en-
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being proftably and ex-
tensively 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, more than pay the interest the
entire bonded debt of the Company. The total is
OF bouds is limited to $2,25O,OOO 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. 1t is carefully drawn,
the road passes.
In offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in possession,
now ready for distribution, containing comprehen-
sive exhibit OF the enterprise and its promising tu-
ture, signed by the President of the Company Cen
eral EDWARD F: WINsLOW, and by Brevet Ma
jor-General JAMES Fl. WILSON, United States
Army 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 and their friends for their ability, nteg
rity end honor. The accuracy OF their statements
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot fail 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 fail, the inter-
est its bonds and render the stock very profta-
bic investment Gross earnings at the rate OF IS 900
per mile per annum will be ample to pay the inter-
est on its debt, including the expense of operation
and repairs. There is no completed road in the State
of Illinois which is not earning much more than this
sum per mile. The Company CONELDENTL 7
EXPECT THEIR ROAD TO EARN FROM SET.
EN- TO TEN THO OUSAND 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 safe and profitable
investment.
Price for the present. 92s and accrued interest in
currency the Company reserving to itself the right
to advance the price whenever it may determine.
Pamphlets furnished on application.
DUPEE, BECK Dc SAYLES,
IO2 State ST., Boston.
GEORGE OPDYKE d. co.
No. Is Nassau.st., New York.