The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-27
BANEISG AyD TTNINCIIL.
A PRIME SECURITY AT A Low PRICE.
First MORTGAGE CONVERTIBLE BoNDs
THE

A PRIME SECURITY AT A LOW PRICE.
First MORTGAGE CONVERTIBLE BoNDs
ST. LOUIS AND SOUTHEASTERN RAILWAY
OF ILLINOIS.
CoUroN AND REGISTERED.
PnNcuAL AND INTEREST PAYABLE IN GoLD.
1N1EREsr PEN CENT PER ASNuM, FREE OF Gov
ERSMEST TAX. PAYABLE IN NEW YORK,
MAY AND NOVEMBER.
The 81. Louis and Southeastern Railway spans the
State Of Illinois, commencing at the city Of st. Louis
and ending at tile city Of Shawneetown, on the Ohio
river. Its entire length, when completed will be
1873 miles, 81 MILES OF WHICH ARE ALREADY
FINISHED AND IN OPERATION. Work is pro.
crossing on other port OF the road and II 10 the
intention Of the Company TO push TIC enterprise to
early completion.
This line OF road supplies an urgent need. IL
passes through fertile and popuous section OF the
State hitherto destitute OF railroad facilities. In the
production of wheat the district Is not exceed by
any other in the Union, and the road throughout It's
entire length PASSES OVER THE RICHEST
COAL BEDs OF ILLINOIS. now being probably
and extensively worked at various points In view
OF the Large and Increasing consumption OF coal ut
ST. Louis and In the adjoining region, tho profits
upon the tran poriton ofcoa alone viii, within the
limit Of three years, more an pay the interest on
the entire bonded debt OF the Company. The total
issue Of bonds Is limited TO S2,250o1), equal 10
about $4,000 per mile. TO be issued only as the con
struetion and equipment Of the road progress.
They arc issued under mortgage made to p. c.
, Calhoun. President OF the Fourth National Bank,
Nca York, and George opdSke. Trustees. IL is
carefully drawn, and duly recorded In all tlie conn
tic tATough which the road passes.
In onerinE thesc Convertible Bonds for sale We
beg Co refer investors TO pamphlet In our
possession nov ready for distribution CONTAINING q
comprehensive exbit ofihc enterprise snd " pro-
missing fu.ure signed by IRE Z eiiirn, nf tho Com
pany, General EDWARD Il N'haLpR anc By
Brevet Major. Geuersl JAAlae X WutoN. ru'ted
States Army. one Of its Directors, aal ara 20 81
statement appended thereto, s'gpOi BY W. NtA
| NOR ROBERTS, United States Civil Engineer. aud
one Of the most distinguished railroad eohstBctors
| OF the country. These gentlemen are well known
to the country and their friends for their ability,
integrity, and honor. Tho accuracy OF their state
ments may therefore be confidently relied upon.
Any one who will carefully study these docu-
ments cannot fail to be convinced that this road
when completed, will control largo and profitable
local business, to say nothing OF its through trafc
win. therefore, be able 10 pay without fail the in
terest on its bonds, and render tie stock YER
profitable investment. Gross earnings at the rate o
5000 per mile per annum will be ample TO cay tn
interest debts, including expense operr
ton ana repairs. There Is no COMPLETED road In tn
State OF Illinois which Is not earning much NOR
than this sum per mile. The Company CONF
IDENTIFY EXPECT THEIR ROAD TO EAR,
FROM SEVEN TO TEN THOUSAND DOLLAR
PER MILE frJm the time OF completion.
Alter thorough investigation OF the merits Of thi
enterprise, We conf iently recommend these Bond
TO our friends and the public safe and nroGiabl
investment.
Price for he present aes and accrued interest II
currency, the COMPANY reserying to itself the rigL
10 advance the price whenever II may determine
Pamphlets furnished on application.
GEORGE OFDlKE & co.