The Portland daily press., 1870-07-20
MISCELLANEOUS.
INDIANAPOLIS.
BLOOMINGTON
Western Railway.
Seven Per Cent. Gold Loan,

The bonds are in denominations of 81 900 each Sc
cured by first mortgage ON 2c5 miles OF road from
Indianapolis, the largest city and most important
railroad centre in the State Of indiana, to the civ
of Pekin in Illinois.
ONE HUNDRED AND EIGHTY MILES of tbo
Line are now IN FULL OPERATION. and enuinnad
with New FIRsT-CLAss Rolling Stock, CONSISTING Of
% Locomotives, % Passenger Coaches; II Baggaoe
and Express Cars; $50 Bcx. Stock and Coal Cars and
The earnings are 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 are thirty-six depots the line, located in
cities ana fowns Mdt contain, ~ the aggregate, a
averaging over 500 TO each square mile, within a
radius Of half mile of the track; and acithio
t,centy miles Of ne traeh there is population OF
1t passes through the counties of Marion, Hen
bricks, Montgomery, Fountain, Warren and Yer
Champaign, Dewitt, Piatt Mclean and Tazeweli
counties, in Illinois, the line of the old emigrant
state road which was laid 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 T the large towns and is rapidly increasing.
NESS FOR OVER THREE HUNDRED COAL
CAhS VII IniS 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 1870 miles it is safe to
assume that the LOCAL BUSINESS ALONE
VIII 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 ro.d and make it profitable investment
through.local traffic, it forms grand central trunk
line for through business not surpassed by any road
OF equal length in the West.
At indianapolis it connects by main lines with tn .
cities OF Columbus, Cleveland, Pittsburg 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 ami Omaha.
AT Bloomington, with the Illinois Central Road
which runs northwest 600 miles to Fort Dodge Iowa
very large business will be done with this line
At JanviLe it connects by rail with Toledo on lake
Erie A map will show all these to be very impor-
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 doub ed
when the trains run through.
1he 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
the Farmers Loan and Trust Company ii desired.