The Portland daily press., 1870-07-29
MISCELLANEOUS.
INDIANAPOLIS.
BLOOMINGTON
- AND
Western RAILWAY.
Seven Per Cent. Gold Loan.

The bonds are in denominations OF 81 900 each se
cured by first mortgage on 2Q5 miles OF road from
Indianapolis, the largest city and most important
railroad centre IN tie State CT indiana, to the city
of Pekil in Illinois.
ONE HUNDRED AND EIGHTY MILES of tba
Line are now FULL OPERATION and eonionnJ
with New, FIRsT-CLAss Rolling Stock, CONSISTING Of
% Locomotives, % Passenger Coaches: II Raogooa
and Express Cars; $50 3 X Stock and Coal Cars and
more will De added as the wants OF the road reoure
The earnings are already Greatly in Excess Of tbe
Interest on the Whole Issue Of BONDS The balance,
twenty-five miles OF the division in Indiana is nearly
all graded. with all the Iron on hand, and will he
completed without delay.
There re thirty-six depots on the line located in
cities and fopns that contain, IN the ao0reooie N
population Of one hundred and a,nefy fbouso,d
averaging over 800 to each square mile, within a
radius Of half mile of the track and acithip
about sic hundred thousand.
!tpasses through the counties of Marion, Hen
bricks, Montgomery Fountain. Warren and Yer
million, in the state OF Indiana, and Yermlion
Champaign. Dewitt, Piatt, Mclean and TazeweIl
counties, in Illinois, the line of the old emigrant
state road which la out in the best portion OF
those States before the time of railroads was then
the main line Of Western travel, and consequently
became more thicky settled than any other sections
OF the west as the numerous cities large villages
and products OF these counties demonstrate.
Besides the large agricultural productions of this
section the manufacturing interest is very extensive
in the large towns and is rapidly increasing.
The coal mines at Danvile on this line are extern
sively and prottablv worked, and FURNISH BUSI-
NESS FOR OVER THREE HUNDRED COAL
Oaks on THIS line at present, and MORE THAN
TWICE THAT NUMBER WILL BE REQUIRED
to carry coal on completion of the remaining link.
From the present earnings on $50 miles it is safe to
assume that the LOCAL BUSINESS ALONE
Will BE AMPLE NOT ONLY TO PAY THE
BONDED DEBT, BUT LARGE DIVIDENDS
ON THE STOCK.
In addition to the population and wealth of the
country and all that is necessary to support first
class rod and make it profitable investment
through local traffic, it forms grand central trunk
Inc for through business not surpassed ny any road
OF equal length in the West.
At Indianapolis 1t cOnnec by main lines with the
cities OF Columbus, Cleveland Ptts5urg Cincinnati,
and with the Pennsylvania Central, Baltimore and
ONO and other important railroad lines, At Pekin,
the western terminus, connections are made with
Peoria, Quincy, KeOkuk, Burlington an OMAHA
At Bloomington, with the Illinois Central Road,
which runs northwest 600 miles to Fort Dodge Iowa.
A very large business will be done with this line
At awhile it connects by rail with Toledo on lake
Erie. map will show all these to be very impor-
tant connections in making through lines over this
route.
The loan is placed beyond any contingency by the
present earnings from local traffic ON ono hundred
and eighty miles, which must necessarily be doub ed
when the trains run through
The Bonds are convertible at the option Of the
holder into stock at par at any time. which add
greatly to their value They may be registered at
the Farmers Loan and Trust COmDauy if desired