The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-04-04
CentralRailrOad
OF IOWA.
At IS, Free from Tax.


This railroad runs 23a miles north and south
through the finest and most thickly settled
portion Of the magnificent State of Iowa, and
Is the only link wanting to connect the rail-
way centres at St. Louis and st. Paul bv an
unbroken line, 147 miles shorter than any ex-
listing route This road Offers many advan-
tages. The building of the railroad north from
st. Paul to Duluth, at the head of Lake Supe.
rior, where five railroads will soon centre-the
construction of the North Pacific railroad, al
ready begun-aDd the rapid development of
new and productive country in Mime, ota aud
the Northwest, must furnish large Southern
traffic. AS the Upper Mississippi is frozen
over during the winter, and Its navigation is
often uncertain during the summer, from low
water, this road must have at all times large
amount of transportation, and monopoly of
the business at SOME seasons of the year. Its
connections with other lines interested by mu.
tual ownership or running arrangements, will
give it almost the entire north and south travel
between its terminal points and their vicinity
This road will have great advantage over
any other Western line in carrying the hest
quality of coal from where it is abundant iD
Southern Iowa to Northern Iowa and MIpne-
sofa, where none is to be found, and in secur-
ing return freights of lumber, for hich the de-
mand is very great.
The construction OF the road Is not an exper-
imeut, dependent upon any uncertain negoti-
alton of its bonds. 1t is in the hands of gen.
tlemen Of wealth and ability, comprising many
leading bankers and railro I'd builders of Pc
rience. Forty six miles Of the line are Just
completed, and eiabiy-eight more are graded.
An abundant supply of iron, ties and other
materials has been contracted for. The Com
pany have large and daily increasing sur.
plus of money on hand, and the stock SUBJ
scriptions, and he sales of the bonds. give
them ample means to push the work forward,
so that, with favorable weather, 1t Is expect.
that the whole line will be completed this sea-
son.
Security of the investment.
So far as we can learn, every completed
railroad In the Northwest is not only earning
the interest on It's bonds, but dividend GU Its
stock, and we believe the Central of Iowa
must occupy an equally strong financial posi-
ton.
The amount of Bonds to be issued Is but
900 per mile or less than four millions, In
all,
OF which over One Million have
already been Sold.
As we consider these securities among the
choicest 10 The market, We have no doubt that
the remainder will be rapidly taken, so that 1t
may be well for parties desiring to purchase,
to do so at once.
WE BELIEVE T0ERE WILL. BE
No MORG FAVOR ABLE tine 20
SELL GOV ..RN nENCS, AVID BUY
RSALl.Y FIRST.CLASS EAIL q "a ID
&c U8lT1 E0 - SUCH Al THESE
THAV TAE PRE- sENT.
After full examination, we have accepted |
an Agency for the Sale of the above First |
Mortgage Bonds, aud desire TO recommend |
them to our customers AS A THOROUGH
LIZ SAFE, AS WELL AS PROFITABLE,
INVESTMENT. We have no hesitation in |
saying that, in our opinion, the CENTRAL
RAILROAD OF Iowa will be one of the most i'm
portant and valuable reads in the West.