The Portland daily press., 1870-07-22
MISCELLANEOUS.
INDIAN AP0L|S.
BLOOMINGTON
w eStern Railway.
Seven Per Gent. Gold Loan,

The bonds are in denominations OF $1,000 each Sc
cured by first mortgage on 2O5 miles OF road from
Indianapolis, the largest city and most Important
railroad centre in the Stale OF indiana, to The civ
of Pekin in Illinois. wy
ONE HUNDRED AND EIGHTY MILES of the
Line are now IN FULL OPERATION, and eouioned
with New, FIRsT-CLAss Rolling Stock CONSISTING of
25 Locomotives, % Passenger Coaches; II Baggage
and Express Cars $50 3ox Stock and Coal Cars, and
more will be added as the wants of the road reouire
The earnings arc already Greatly in Excess Of The
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:sx depots on the line, located in
cities and fornS that contain, in the a1ore0oIe n
population Of one hundred and asnety fb0us0nd
averaging over $40 to each square miie within a
radius OF half :: mile OF the track; and scithia
about irhundred thousand. "
1t passes through the counties of Marion, Hen
million, in the State of Indiana and Vermiliion.
Champaign. Dewitt, Patt, Mclean and 1azeWeli
counties in Illinois, on the line of the old emigrant
state road which was ai 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 thickly 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.
me coal mines at Danvle on this line are extern
NEs a FdR 6@Eg TSHsS and
CARS 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 $50 miles it is safe to
assume that the LOCAL BUSINESS ALONE
| VIII BE AMPLE NOT ONLY TO P1Y THE
| ON THE STOCK. 1' ~
In addition to the population and wealth of the
country and all that is necessary to support first
class ro: "a and make it profitable investment
through local traffic. it forms grand central trunk
Inc Tor through business not surpassed by any road
of equal length in the West
AT indianapolis it connecis by main lines with thu
cities OF Columbus, Cleveland, Pitts6urg, Cincinnati
and with the Pennsylvania Central, Baltimore and
Ohio and other important railroad lines, At Pekin,
| the western terminus, connections are made with
| Peoria, Quincy, KeOkuk. Burlington AMI Omaha.
At Bloomington, with the illinois Central Road,
which runs northwest 600 miles to Fort Dodge low
| very large business will be done with this line.
At 1anvilie it connects by rail with Toledo on lake
Erie. A 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 one hundred
and eighty miles, which must necessarily be doubled
when the trains run through.
| !he 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 al
i Farmpr'S nd Tr11ct ~