The Portland daily press., 1870-02-18

AMI NONEMbhh
The st. Louis and Southeastern 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 1879
miles, TwENTY-SEvEN MILES OF WHICH ARE
| ALREADY FINISHED AND IN OPERATION. Work
is progressing other portions OF the road, aud it
IS the intention OF the Company to push the enter
prise TO early completion.
This line OF roal supplies urgent need. 1t pass
es through fertile and populous section of the state
hitherto destitute OF railroad facilities. In the pro-
duetion of wheat tie district is exceled by any
other in the Union, the road throughout its en-
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being probably and ex-
tensivey worked at various poin S. 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 o. three years. more than pay the interest on the
entire bonded debt of the Company. The total is
OF bouds is limited to 81 $50 OO equal tn about
$4,000 per mile, to be issued only as the eonstruc-
ton and equipment of the road progresses. They
are issued under mort gage made to P. G. Calhoun
President of the Fourth National Bank, New York
and George Opdyke. Trustee. tits carefully avn,
and duly recoreed in all the counties through which
| the road passes.
In off ring these Convertible Bonds for sale we be5
to refer investors to pamphlet in possession,
now ready for distribution, containing comprehen-
siye exhibit OF the enterprise and its promising tu
ture, signed by the President OF tho Company, Cen
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 coun ry and their friends for their abiiIy ntey-
rty and honor. The accuracy of their statement;
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail TO become convince that this road when
completed VIII control a 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 bonus, and render the stock very profta-
per mile per annum will be ample 10 pay the inter-
est on iis debt including the expense OF ouers ion
and repairs There is no completed road in the state
OF Illinois which is earning much more than this
sum per mite The Company CONFIDENTL Y
EXPECT THEIR ROAD TO EARN FROM SEV
EN- TO TEN THOUSAND DOLLARS PER MILE
from the tine OF completion.
After thorough investigation of the merits oftbis
enterprise, we confidently recommend these Bonds
to out friends and the public safe and roiI able
investment.
Price for the present, 925 and accrued interest IN
currency the company reserying to itself the right
to a1van III price whenever II may determine
Pamphlets m1ished on application.
DUPEE. BECK Dc SAYLES,