The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-01

FREE OF GOVERNMENT TAX, PAY
ABLE IN NEW-YORK, MAY
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 an urgent need. 1t pass
es Though fertile and popuIous section of the State
hitherto destitute OF railroad facilities. In the pro-
duction of wheat the district is not exceed by any
other in the Union and the road throughout its
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 lin
it OF three years. more than pay the interest on the
entire bonded debt of the Company. The total is
OF bouds is limited to 81, ,25O 600, equal to about
$4,000 per mie to be issued only as 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 through which
the road passes.
In offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in our 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 Gem
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, Unittd States Civil Engineer, and one
OF the most distinguished railroad constructors of
the country. These gentlemen are we'll known to
the country and their friends for their ability integ
rity snd honor. The accuracy of their statements
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail to become convinced that this road when
completed will control a large and profitable local
WILL therefore, be able to pay, without fail the inter-
est on its bonds and render the stock very prota-
BILE investment. Gross earnings at the rate OF S. 600
per mile per annum will be ample paw the inter-
est its debt, including the expense Of operation
and repairs. There completed road in the State
OF Illinois which is not earning much than this
sum per mile. The Company CONELDENTLY Y
EXPECT THEIR ROAD TO EARN FROM SEV-
EN- TO TEN THO USAND DOLLARS PER MILE
from the time of completion.
After thorough investigation of the mo, its of this
enterprise, we confidently recommend these Bonds
TO out friends and the public safe and profitable
investment. f
Price for the present. 925 and accrued int.re Of in
currency, the Company reservipg itself the right
| to advance the price whenever it may SO Determines
Pamphlets furnished on application.