Litchfield enquirer., 1870-05-19

form of investment on the market
 1-They are secured by a first mortgage on property worth more than double the amount of bonds issued.
 The bonds can be issued only as the work pro- gresses, and for but one halt the actual expendi- ture; while the value of the franchise" when the line is completed will be of far greater value than the simple cost of the road.
 2. They are based on the great through line be- tween New York and Boston, which shortens the distance 27 miles, and the time one hour.
 The road will be 52 miles 1n length, running be- tween New Haven and Willimantic, and will be the connecting link between loads already established forming route almost straight from one city to the other, effecting saving of from fifteen to twenty per cent in the distance.
 5. One half of the road is about completed, aud nearly two thirds of the estimated cost of the whole line has been economically expended.
 The section between New Haven and Middle town, is about finished. The Connecticut River Bridge. and the Eastern Division, are we'll under way'and will be carried forward with all possible speed.
 4. The State of Connecticut is Trustee for the Bond-holders.
 This is additional security; proving the good faith of the company in furnishing every possible safeguard and guaranty that the property cov- cred by the mortgage will be held secure for their protection.
 6. The local business developed during the past thirty years awaiting the opening of the road, together with the through trade which must by necessity flow to short, quick routes.
 The line trav erses the central portion of the State furnishing railroad facilities to some dozen towns, many of them possessing large manutac- turing interests, opening up field almost entirely destitute of railroad transporta
 6. The road Is located in Connecticut, and will largely increase it's productveness and influence, and add materially to its wealth.
 As a "home investment" the bonds possess ad- diti0nal attractions. More confidence is felt in them. The condition of the enterprise is better understood. The location of the line the require ments of that portion of the State through which 1t passes, the uniform success of all well managed nno a hn fa sure himself that hls investment is abundantly secure.
 2. The well-known character of the projectors of ef the enterprise, which is q Guaranty of it's ear- ly completion and successful management.
 Everything depends on the management, of an enterprise. Prudent, energetic, successful busi- ness men as directors and officials largely increase the confidence which is felt ill the obligations of company. Those connected with the Ar Line Road are well known for ability and character, and We point to their management, and the results ac. compllshed within the past year, as guaranty for the future.
 8. The Bonds are exempt from U. s. Income tax and from state add local taxes in Connecticut.
 The holder of the Air Line Bonds in Connecti- He also saves Income Tax. ..............R '" He receives in interest. est.................7 Making his investment equal one paying93 ' G
 The average tax on securities in Connecticut is about two per cent The payment of this tax can not be avoided except by holding securities not taxable. The Air Line bonds being If this class the same as governments. are by this exemption largely increased in value.
 g. They bear seven per cent interest payable nalf yearly, May lst and Nov. 1st, in New York City.
 by any decline in gold. Careful investors are se- lecting good currency in preference to gold bear ing bonds.
 10: They are issued either coupon or registered bonds and are In denominations of $500 & 5000.
 The large amount of securities lost and stolen has awakened desire to obtain form of invest. ment which can be rendered comparatively safe py being registered. To meet this want the Air Line bonds are prepared so that at any time they can be registered, either with or without coupons THE P RICE IS PAR AND INTEREST. The Bonds can be obtained of any Bank or Bank CT. or by sending direct to ourselves. Securities VIII De received m Exchange, at their full market rate, and may be sent by express at our expense the Bonds being returned free of charge.
 There-can be no better seven per cent bonds than those of the Air Line Railroad.--Ne,c York Daay Tribune. " -. As the prospect of the opening of this new and direct route to Boston draws nearer the confi- dence of the public seems to increase in it's advan- tages for business. . @&~ The~high class of the security offered makes the loan more accepta- ble than some others bearing higher rate of in- terest, but not presenting equal attractions in the way of safety.-N. r. Commercial.
 1t is seldom that bonds so intrinscally good are offered m the open market for investment.- Wdu
 
 Every condition essential to the security of the Dondholders has been complied with, and gives tnese 6ords 6 prominent place among the most dsslrable securities offered ts the public.-N, r.
 It is seldom lond is offered in the market which compares so nearly with and seems so en- tirely to take place of Governments, as the First Mortgage bonds of the New Haven, Midiletown, and Millimantic Railroad Company. We are not sur prised to learn that they are being rapidly taken for permanent investment by careful, prudent and iudiciOus capitalists. The success of the enter prise seems dependent upon no contingencies, and its bonds Oner an unusually advantageous oppor- tunlty for permanent and immediately profitable invesfment-CATisti0n Union
 h is seldom that an enterprise of so much mer- and prospective value, is presented to the in- vesh1g public near at hand.--N r. Ece Naa.
 HATCH 6 FooTE, BAEKERs AND DEALERS rr Govrpx,~r>,r