The Portland daily press., 1870-03-17
INTEREST SEVEN PER CENT. PER ANNUM,
FREE OF GOVERNMENT TAX, PAY
ABLE IN NEw-YORK, MAY
AND NOVEMBER.

ABLE IN NEw-YORK, MAY
AND NOVEMBER.
The St. Louis and Southeatern Railway spans the
State of Illinois, commencing at the City of StLouis
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 tho Company to push the enter
prise to early completion.
This line OF road supplies urgent need 1t pass
es through fertile and popuous section Of the State
hitherto destitute Of railroad facilities. In the pro-
ducton of wheat the district is not exceled 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 liz;
it oil three years. than pay the interest the
entire bonded debt of the Company. The total is
ne of bouds is limited to $2250 000 equal to about
$4,000 per mile, to be issued only as the construc
tion and equipment of the road progresses. They
are issued under mortgage made to P. 9. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke, Trustee. 1t carefully drawn,
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 comprehen-
sve exhibit of the enterprise and its promising tu-
ture signed by the President of the Company, Cen
g5s JAMES H. wilson . United sies States Me
Army, one of its Directors and also to the state
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-
BILE investment. Gross earnings at the rate OF $4,000
per mile per annum will be ample to pay the inter-
est on it's debt including the expense of operation
and repairs There is completed road in the State
Of Illinois which is not earning much more than this
sum per mile. The Company CONELDENTLY Y
EXPECT THEIR ROAD TO EARN FROM SET.
EN- TO TEN THOUSAND DOLLARS PER MILE
from the time of completion.
After thorough investigation of the merits of this
enterprise, we confidently recommend these Bonds
to our friends and the public as safe and profitable
investment. aF
Price for the present, 921 and accrued interest in
to advance the price whenever it may SO determine
Pamphlets furnished on application.
DUPEE, BECK Dc SAYLES,
IO2 State ST., Boston.
GEORGE OPDYKE de co.
No. Is Nassnu.st., New York.