The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-09

The st. Louis and Southeatern Railway spans the
State of Illinois, commencing the City Of StLous
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
through fertile and populous section of the State
hitherto destitute OF railroad -acilites In the pro-
ducton Of wheat tie district is not excelled by
other in the Union and the road throughout its
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being profitaby and ex-
tensively worked at various points. In view OF the
large and increasing consumption OF coal at st.
Lons and in the adjoining region, the profits upon
the transportation OF coal alone WILL within the liz
it o. three years. more than pay the interest the
entire bonded debt of the Company. The total is
ue OF bouds is limited to $2,250oo0, 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 a mortgage made to p G. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke. Trustee. Itis carefully drawn.
and duly recoreed in all the counties through which
the road passes.
In oe ring these Convertible Bonds for sale we beg
to refer investors TO pampniet In our possession,
now ready for distribution, containing a compreheu-
sive exhibit OF the enterprise and its promising fu-
ture. signed by the President of the Company, Gen
eral EDWARD F. WINSLOW, and by Brevet Ma
jor-General JAMES Fl. WILSON, United States
army, one Of its Directors, and also to the state
ment appended thereto, signed by w. MILNOR
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 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 large and profitable local
business, to say nothing Of its through traffic. 1t
WILL therefore, be able to pay without fail the inter-
est on its bonGs and render the stock very pJofta
BILE investment. Gross earniu es the OF $4,000
per mile per annum will be ample to pay the inter-
est i,s debt, including the expense Of operation
and repairs There is no completed road in the state
OF Illinois which is not earning much more than this
sum per miie The Company CONELDENTLY Y
EXPECT THEIR ROAD TO EARN From SEV
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 out friends and the public safe and profitable
investment.
Price for the present, 924 and accrued interest in
currency, the Company reserving to itself the right
to advance thu price whenever II may so determine.
Pamphlets furnished on application.