The Portland daily press., 1870-02-05


Burlington, Cedar Rapids and
Minnesota Railroad Go.
Yielding about per cent. currency; principal 80
years to run, payable in gold. Secured by the rail-
road, branches, depot grounds, rolling stock equip
ment and franchises OF the company.
These bonds are only issued upon each section of
the road as fast as the same is completed and 10
cesstul operation. Two and halt millions of dol
lars have been expended on this road. E'ghtythree
miles are nearly completed and equipped. and al
ready show large earnings, and the remainder of the
line is progressing in construction.
This Loan has been selected by our firm after a
thorough and careful investigation, consedhently
we have no hesitation in recommending it TO our
friends as perfectly safe profitable and fistcass
security. Our opinion is luy confirmed by the fol-
loving strong letter from the experienced and emil
nent'y successful manager OF the Pennsylvania
Railroad Company:
PENNSYLVANIA RAILROAD COMPANY.
PRESIDENTS oFFIcE,
~, - Phlladelt ha, May l1th, 1868. !
Messrs Henry Cteocs & Co.. No. 80 Val Street,
GENTLEMEN:-In ans wer to your request of the
h ult, for our opinion as to the condi ion and pro-
spects of the burlington, Cedar Rapids and Min
nesoa Railway, the character OF the cou ry
which it passes, and the probable success Of the en-
terprse we would sLate that before accepting the
trust imposed upon us by the First Mortgage Bonds
of this Company, We had fully satisfied ourselves as
to the practicability of the enterprise.
The road Starts at one OF the most fourishng
ClleS on Cue NOrluerH MISSISSIPPI R1Ver, and
il norhwesterly direction up the great rich Cedar
Valley, connecting at prominent points along The
line with six different railroaos, in active oper
a'on, nearly all OF which must be, less trib
utary feeders to this road.
This enterprise is destined to become in connec-
ton with others now IN operation or being con-
structed, one OF the great trunk lines from Lake
Superior via st. Paul Cedar Rapids and BuIins ton
to st. LOUIS and to the East, the Toledo Peoria
which represent
But aside from this. the populous condition of the
country along the line OF this road great produc
tveness and wealth, give sufficient guaranty of a
good local business, which tor any road is the hest
reliance for success.
A good index of the prosperity and wealth of the
country through which this road Dasses NAV be
round in the fact that the Company reports over a
million and aquarter dollars subscribed and ex.
pended by individuals residing along the line In
pushing Que hundred and sixty miles of the work
and it is also strong proof OF the local popularity
and necessity for the roai.
Yours respectfully
j. EDGAR HOMPSON
rss;t sHasEss q e E:f:i,sss!: R.
As an evidence of the resources and increase traffic
of the section of country through which tn road
runs, present the following Official Statement
of the Surplus Agricult ural frojucts shipped from
the State OF Iowa by the differ railroads therein
during the year ending April 80, 1863 just issued by
the secretary OF State:--
Number of horses. s......................... 1928
Number OF cattle. ACKNOWLEDGEMENTS. S0,zS7
Number OF sheep. Observation-Disclosures. 52,732
Dfessed noSs. IDS. s,176
Laru anu pOrA, l0s OBSERVATION-DISCLOSURES. 5o2,590
Wool, lbs 1850. 1875
Wheat, bushels ........................ 9,l96 6.3
Sorl, pusheiS 2ZI0 3O3
Other grains bis. ..35 AIS. .-4
Other grains, bushels. Observation-Disclosures. 18Os,O47
Other agrlcul ural products lbs 27 sos, ,707
Flour and other agricultural products, lbs. 324 703
Animal products not Othwise specieI lbsl0 9s3, 1O1
Tie preceding official statement is made up al
most exclusively OF the shipments Eastward, and
does Lot include the amount of produce shipped
Eastward from Dubuque or McGregor which would
swell the totals materially. 1t the shipments West
ward by the railroads given, they would swell
immensely this surprising exhibit of surplus pro-
ducts.
THIS ROAD ALSO RUNS THROUGH THE
RICH AND GROWING STATE OF MINNESOTA.
Reference to the map OF the United States will show
that this road passes through the most
Enterprising and Growing portion of
The West, and forms one of the Great
with New York, Chicago and ~. \ Ouis,
baing to the at ter city, 80 miles from North
ern Iowa and all portions OF the State OF Minnesota
than by any other road built projected, and
also the nearest route from Central and Southern
Iowa,
where large and increasing traffic is waiting tor
it, and needs railroad communication. The buyer
OF these bonds is, therefore, guaranteed by gre t
business alre 'dy in existence, and has not to run
any of the contingencies which always attend upon
the opening of the roads into new and unsettled
country.
we 0Her tnese DonuS IOr Tue present at % ana
accrued interest. We recnmmeod them to Inyes-
tors and officers Of Financial Institutions, who de-
sire to change their high-piced investments for a
security which presents every element of safety,
and at the same time yields much higher rate of
interest
Pamphlets and full particulars furnished by
HENRY CLEWS s. CO.,
No. 81 Wall Street,
Financial gent OF the Company or orders for The
above Bonds either to purchase or exchange for
other securities received by
w. III, WOOD Dc SON,
ca Exchange Street, Portland.
Januarv 1874 dim