The Portland daily press., 1870-02-21
MISCELLANEOUS.
A Prime Security at Low Price.
First Mortgage Convertible Bonds
st. Louis & Southeastern
Railway Of Illinois.
COUPON IND REGISTERED.
Principal and Interest Payable in Gold.
INTEREST SEVEN PER CENT. PER ANNUM,
FREE OF GOVERNMENT TAX, PAY
ABLE IN NETWORK, MAY

FREE OF GOVERNMENT TAX. PAY
ABLE IN NEw-YoRK, MAY
AND NOVEMBER.
Tbe st. Louis and Southeastern Railway spans the
State of Illinois commencing at the City of St Lous
and ending at The City of Shawneetown on the Ohio
river The entire length when complete will be 13e
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 through fertile and popuous section of the state
hitherto destitute OF railroad -aeiltes In the pro-
duction of wheat tie district is not excelled by any
other in the Union aud the road throughout its en-
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being proftaby and ex-
tensyely worked at various poiIl 8. 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 liz
it three years, more than pay the interest on the
entire bonded debt Of the Company. The total is
OF bouis is limited to S2,25OO 0O equal to about
$4,000 per mie 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. It's eIully drawn,
aud duly recoreed in all the counties through which
the road passes.
In Off ring these Convertible Bonds Tor sale we be-
to refer investors to pamphlet In our possession,
now ready for distribution, containing compreheu-
sive exhibit of the enterprise and its promising tu-
ture. signed by the President of the Company, Gem
eral EDWARD f. WlNSLOw, and by Brevet Ma
jor-General JAMES II. WILSON, United States
Army, one of its Directors, and Also to the state
ment appended thereto, signed by w. MILNOR
ROBERTS, United Siotes Civil Engineer and one
of the most distinguished railroad constructors of
the country. These gentlemen are well known to
he coun ry and their ieads for their abiv intes-
rity end honor. The accuracy of their statements
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail 10 tec0me convince that this road when
completed will control a large and toftabe lo al
business to say nothing OF its throu2A traffic. 1t
viii, therefore, be able pay without fall the inter-
bic investment. Gross earnio the OF $4,000
per mile Per annum will be pie pay the inter-
est on us debt, including the expense opera ion
AMI repairs. There is pleed road in the state
sum per mite. Tue COMPANY CONfLDENTL Y
EXPECT THEIR Roam TO EARN FROM SEV
EN- TO TEN HOUS4ND DOLLARS PER MILE
from the tine OF completion.
After ahorougb investigation of the merits of This
enterprise, We confidently recommend these Bonds
to oul friends and The pablo safe and profitable
investment.
Price for The present, 92t and accrued interest In
currency, the company reserving to itself the right
to a1vane III price whenever il may so determine.
Pamphlets iutlished on application.
nYTDE1N DEuEY r. C<UrIc