The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-03

Z AND NOVEMBER.
The st. Louis and Southeatern Railway spans the
State of Illinois, commencing at the City of st Louis
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 to early completion.
This line OF road supplies urgent need. 1t pass
through fertile and popuous section of the State
hitherto destitute OF railroad facilities. 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 li-
it OF three years. more than pay the interest the
entire bonded debt of the Company. The total is
ue of bouds is limited to $2,25O OC0, 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,
and duly recoreed in all the counties thr ough which
the road passes.
In offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in possession
now ready for distribution containing a comprehen-
sive exhibit of the enterprise and its promising fu
ture signed by the President of the Company, GEN
eral EDWARD F. WINSLOw, and by Brevet Ma
jor-General JAMES H. WILSON, United States
Army, one 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. These gentlemen are well known to
the country and their friends for their ability, nteg
rity and honor. The accuracy of their statements
may 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 on its bonds, and render the stock very profta
Bile Investment Gross earnings at the rate OF So 600
per mile per annum will be ample to pay the inter-
est on its debt, including the expense of operation
and repairs. There completed road in the State
OF Illinois which is not earning much more than this
sum per mile. The Company CONkLDENTLY
EXPECT THEIR ROAD no EARN FROM SET.
EN- TO TEN THO USAN.D DOLLARS PER MILE
from the time of completion. a4
After thorough investigation of the melts of this
enterprise, we confidently recommend these Bonds
to our friends and the public safe and profitable
investment
Price for the present, 923 and accrued interest in
currency, the Company reserving to itself the right
to advance the price whenever it may determine.
Pamphlets furnished on application.