Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1870-08-05
w estern Railway.
Seuem per cent. Gold Loan.

The bonds are in denominations Of sI.oO0 each Sc
cured by first mortgage on 2l5 miles Of road, from
Indianapolis, the largest city and most important
railroad centre in the State Of Indiana TO the city Of
Pekin in Illinois,
ONE HUNDRED AND EIGHTY MILES Of the
Line are now in FULL OPERATION, and equipped
with New First Class Rolling Stock consisting OF %
Locomotives. . Passenger Coaches II Baggage
and Express Cars: $50 BOX. stock ard Coal Cars,
and more will DC added IS tHe want Of the road re-
quire. The earnings are already greatly IN excess
Of the Interest on the whole issue OF BONDS. The
balance tweaty five miles Of the division in Indiana
is nearly all graded with all the Iron hand, and
will be competed without decay.
There Thirty six depOts on the line, located in
cities and towns that contain, in the aggregate,
population Of One Hundred aud Ninety Thousand.
averaging over so to each square mile within
dius OF half mile OF the track, ami within twenty
miles Of the track, there is population Of abou.
Six Hundred thousand.
1t passes through the counties Of Marion, Hend-
rickF, Mont -umsry, Fountain warren and kermil-
liUn in the state OF Indiana. and " MILL n, Cham
paign, DE Witt Piatt, Mclean and Tazewsil Coun-
ties in Illinois on the line Of the old eu grant State
road which LAID cut IN tie best portion OF those
States before tue time Of railroads, was then the
main line Of Western travel, and consequently be-
more thicky settled than other sections Of the
West, the numerous cities, large villages, and
products Of these counties demonstrate.
Beside the large agricultural product IFS Of this
section the manuiG-turin. interest is very extensive
in the large towns ard is rapidly increasing.
The coal mines at Dauviile on this line are extern
sivey and probably work q, and furnish business
for over three hducred Coal cars On ths line at pre-
sent and more than twice that numoer will be
CURED 10 carry coal on completion OF the rems ming
link.
From the present earnings on 80 miles it is safe
to assume that the Local Business alone will be
ample not only 10 pay the Boade1 Debt but large
dividends on the stock.
In addition 10 the population and wealth Of the
country anu al that Is necessary 70 support first
elias. road and make il a profitable Investment
through local trathc Il forms and centrsl
trunk line Tor through business not surpassed by
any road Of equal length in the Nost.
At indianapolis it connects BY main lines with the
cities OF Columbus Cleveland Pittsburg Cincinnati
and with the Penn syIvani4 Central Baltimore
and Ohio and other important railroad lines At
Pekin, the We tern te -uinus connections arc made
with Peoria Quincy, heOkuk. Burlington and Oms-
ha. At Bloomington, With the Illinois Central
Road which runs northwest eOl miles % F0.t DO lge
Iowa. A very large business will be done with this
line. At p4uyiile - connects by rail with Toledo
on Lake Ere map viii show all these 20 be very
important connections In making through lines over
this route.
The Loan IS placed beyond any contingency by
the Present Earnings from Local Traffic on one Hun
drei and Il shty Miles. which must necessarily be
doubled when the trains TuE through.
The Bonds are convertible at the option Il the ho
der into syocz at par any time. which adds greatly
to their value. They may be registered at the Far
mers' Loaa and Trust Company ii desired.
Coupons payable .iprii 3 October, free Of
Tar.
TOTAL ISSUE 500. 0u-i2.0c7 sIl Of which are
placed In trust with the Farmers / an and Trust
Company 20 redeem and cancel 10000 bonds is
sued 10 ilRuvile, rhana, B.oonin -ton and 70
kin Railroad, nov meIg ed into ths road making
the loan only $4,000 ODD over half Z which has been
sold iu Europe and this Market Tho balance
offer a. % and Accrued Interest At this low price
the Bonds, being So amply secure. viii be quickly
marketed.
We have been thoroughly posted la regard % the
road from the start have closely Inspected il from
time 70 time during construction. and being fimil
lar with the wealth ana re=ources Cf the country.
the responsibility and integrity OF the officers and
directors Of the company ana the present earnings
OF tho read, il is with pleasure that recommend
the BONDS one % the cheapest and safest invest
ments IN the Market, sure 0f high standard among
the best railroad securities IN the country.
All marketable securities received in exchange At
market rates Bonds delivered 70 all points free q
express charges
TURNER BROTHERS,
Banker. No u Nassau Street.
July 7-fd&w4w.