The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-10
s1inamtiNl.

IIIRsT MORTGAGE
CONVERTIBLE
SINKING FUND
SEVEN PER CENT.
GOLD BONDS
OF Tus
DANvILLE. URBANA. BLOOMINGTON, AND
PEkIN RAILROAD COMPANY
OF ILLINOIS
Principal and interest payable in gold at the Farmers
Loan and 1rlst Company, New York. Coupons pay.
able April and Octoberi
FREE OF GOVERNMENT TAX.
THESE BONDS CAN BE REGISTERED.
CAPITAL STOCK OOo 900
TOTAL ISSUE OF BONDs................S q, 1000 900
Length ofroad III 500 miles The bonds arc limited
TO lees than $4,000 per mile and secured by First
Mortgage on the entire property oIhe Company, which
cost about $4,000 per mile.
The road through the richest and most populous
agricultural district In Illinois The local business alone
Is much more than Sufficient to sustain IT, This. with
the through business which II expected will be lin.
tied only by the capacity OF the road make II as
profitable as any In the State.
No road has ever been built having more numerous
and valuable connections. East and West.
ONE HUNDRED MILES
IL now In full operation, and equipped with neo hrst
class rolling stock. The balance less than 20 miles, is
nearly finished. and trains will the entire line
during the present month
This road has been consolidated with the Indianapo
lis Crawfordsyille and Danvio Road. making 200
miles under one management, and furnishing s fur.
ther security to the bondhoders these Bonds having
been assumed by the consolidated Company, called the
Indianapolis, Bloomington and Western Railroad. 1t
connects the east with direct lines TO Boston, New
York. Philadelphia and Baltimore, and with PEORIA
Burlington and Omaha on the west-the only East and
West line connecting the cities Of indianapolis. Dan
willie, Urbana. Bloomington, Pekin, and Peoria.
The high premium the stocks OF many OF the railways
In nd viii IN hot
road jusnes the belief that Its stock will also be
alta premium, thus making the convertible clause val
uablo option. To make the bonds still
Sinking Fund has been provided.
The belief that the Government will fund the Five
Twentes into AZ per cent. loan makes 1t desirable
for Investors to look for safe securities that pay
good interest, about which there question, for
whch they can exchange their 520s-capltaZlng the
premium and getting higher rate OF interest for long
term OF years. Nothing can be more desirable than
First Mortgage Bonds any 1st-cass completed rail-
way.
The Coal Freigh alone estimated sufficient to pay
tho Interest the Bonds the best Mines In the State
being located on the line at Danvllle.
Having carefully examined the Road from time to
time and Its connections. being also familiar with
the wealth Of the country along the line
as well as with the rapid progress OF the Company from
the start Its Financial Standing and efficient manage
ment, recommend the Bonds q choice investmen
the Security OF which has been placed beyond any
tngency as the Company have been provided with the
necessary funds to complete the Road.
About oufntbs OF the loan been taken by actual
Investors.
We continue to offer portion OF the balance at 90
and accrued interest In currency.
ALI marketable securities received in exchange at the
best market rates. Bonds forwarded by express free
OF charge Further particulars furnished on appli
cation by the undersigned financial agents OF the
TURNER BROTHERS.
BANKERS,
"a NASSAU ST. NEW YORK