The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-07-23
MISCELLANEOUS.
INDIANAPOLIS.
BLOOMINGTON
AND
Western Railway.
Seven Per Cent. Gold Loan.

The bonds are in denominations OF s. 900 each se-
cured by a first mortgage on 2Q5 miles OF road, from
railroad centre in the State Of Indiana, to The civ
OF Pekil in Illinois.
ONE HUNDRED. AND EIGHTY MILES of the
Line now IN FULL OPERATION, and confined
with New, FIRsT-CLAss Rolling Stock, consisting of
25 Locomotives, % Passenger Coaches; II Baggage
and Express Cars; $50 Box Stock and Coal Cars, and
will De added as the wants OF the road reuure
The earnings arc already Greatly in Ercess Of The
Interest on the Whole Issue Of BONDS The balance.
twenty-five miles OF the division in Indiana is nearly
all graded. with all the Iron on hand, and will be
com leted without delay.
There thrty-six depots on the line located in
cities and torns that contain, in the ao0re0nIe n
population Of one hundred and nsnety thousand.
averaging over 800 to each square mile, within a
radius Of half mile OF the track; and mithin
about sic hundred thousand. "
1t passes through the counties of Marion Hem
bricks, Montgomery, Fountain, Warren and Yer
million, in the State Of Indiana; and Vermlon,
| Champaign Dewitt, Piatt, Mclean and Tazewell
counties, in Illinois, the line of the old emigrant
state road which la out in the best portion OF
those States before the time of railroads. was then
the main line of Western travel, and consequently
became more thicky settled than any other sections
OF the West, as the numerous Cities large villages
| and products Of these counties demonstrate,
Besides the large agricultural productions of this
section the manufacturing interest is very extensive
| in the large towns and is rapidly increasing.
The coal mines at Danvile on this line are extern
siyely and prOfitablv worked, and FURNISH BUSI.
NESS FOR OVER THREE HUNDRED Coal
CARS on this line at present, and MORE THAN
TWICE THAT NUMBER WILL BE REQUIRED
to carry coal on completion of the remaining link.
From the present earnings $50 miles is safe
| assume that the LOCAL BUSINESS ALONE
| VIII BE AMPLE NOT ONLY TO PAY THE
BOND 2t;1 c n1EBT, BUT LARGE Dividends
In addition to the population and wealth of the
country and all that is necessary to support first
| class rod and make it profitable investment
through local traffic, it forms grand central trunl
Inc for through business not surpassed Nv any roaC
of equal length in the West
AT Indianapolis it cOnnec by main lines with tn;
cities Of Columbus, Cleveland, Pttsburg Cincinnati
and with the Pennsylvania Central, Baltimore ant
ONO and other important railroad Zines, At Pekin
| the western terminus, connections are made will
| Peoria, Quincy, KeOkuk, Burlington AMI Omaha
| At Bloomington, with the Illinois Central Road
which runs northwest 600 miles to Fort Dodge Iowa
| very large business will be done with this line
At awhile it connects by rail with Toledo on lake
| Erie. A map will show all these to be very impor
tant connections in making through lines over thi
| route.
The loan is placed beyond any contingency by tn,
present earnings from local traffic on one hundret
and eighty miles, which must necessarily be doub et
| when the trains run through.
| 1he Bonds are convertible at the option of tn
| holder into stock at par at any time, which ad,
| greatly to their value. They may be registered a
| the Farmers Loan and Trust Company if desired.