The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-11-19
2 SGA GENT. GOLD
First Mortgage Bonds|
Coupon or Registered, and free OF L. S. Tax,
PR'NClPAI.AND INTEREST PAYABLElN GoLr|
IssURp BY THE
Burlington, Cedar Rapids am
Minnesota R. w. 90.
The small remaining balance Of the Loan for sal
AZ 90 and Accrued Interest ID
Currency.
Interest payable Nay and November.
j. BDGAR THOMSON, r,r.,oo.
CHARLES j.. FROST, i Alus'ees'

Taking the average earnings OF the railroad, pfI
mile even at the present time, when the work OF th
road is being performed on disconnected porti0n
and computing for the whole distance Of lTo miles
the same rate obtain aggregate OF $3.50, 900 I'd
gross annual returns Allowing 1fty per cent I'd
operating expenses will be a lneral estimate, unit
the lapse OF time shall have rendered new IRON an
rails Ut cessaTy the result--net earnngS-is SI25 00
TO pay interest on bonded debt of $4,000 per mil
or more than twelve per cent on the amount OF
mortgage bonfs.
From this exhibit it appears that even at the pfc
sent moment, holders OF the seven per cent NOR
gage bonds are amply secured. But 1t must
borne in mind that at this time nterval or ford
miles separates the two portions OF she road whic
are in operation and therefore that freight movib
eastward pays tIbute now only TO haf Of the Bu
lington, Cedar Rapids, and Minnesota Railroad lin
beng diverted for through transportation over co
meeting lines. When the existing gap is finished
which, it is assured, will be by the 1s5 OF Decembe
goods which now pass over one-half will then tr
verse the whole Of the lire, thereby doubling ii
present receipts OF the road even assuming that
increase of the gross amount transported taxi
place. glance at the map will show the postion
We may assume, therefore, from the above exhu
bit OF the existing traf1lc, that tile following es
mate will represent the income accruing on I'll
completion OF the enterprise after the lst Of ID
heceipts op 40 miles from Burlington to /
Ceoar Falls, $4,000 per mile. .:......; 81, $500
rate FOR flst Ave years. ~. ..1'. .1"' sse
Net income ..................%. 8G7S,O(
valent to per cent currency s' ...',..i'. 4 a7a
to dividend on stocks, being IL per cent
on amount OF stock, say $4,000 per
This remarkable exhibit is accounted for by n
character OF the enterprise and the country throu
which 1t runs, and may be explained on the folloS
First. The Burlington. Cedar Rapids and MINI
sofa Railroad is a continuation OF the Chicago. Blu
linston, and Quincy Railroad (the best enterprise
the West, and 1t traverses, without competltio}
the richest portion OF Iowa-the most fertile sta
in the Union-and receives as tributaries the CfX
NOrtlWp9t- Rock Island paQiQu
Union Paci1lc, Chicago, Burlington, and Quinc.
Minnesota Central and Rockford AID Rock Isar
Second. 1t is the first aud only con pleted low
road running in the interest Of st. Louis. Chioag
| st. Paul, Mankato, and the Great Northwest.
Third. II brings Chicago forty-l mi es nearer
| st. Paul than ever before.
FouIth.-lt gives the only practicable route froi
| st. Paul to St Louis, ninety miles nearer than al
| other route. Its road-bed is In the finest ceres|
| bearing valley in the world.
points, viz:.st Paul, ST. Louis, Burlington, ar
Chicago, and runs through the finest region in tl
world for stock and grain Its sources OF traflc al
immense, both from local and through transport
! ton. The products OF the country comprise Timbt
| Coal, Cereals, and Cattle-all in unlimited quan(
as shown by The census returns Of the last thra
years, is immense, and increasing at the rate
almost twenty per cent; per annum This rate
Increase must be greatly accelerated by the nntI
OF wealth and population which railway constructiq
| always brings with it. 4
| The above statement comprises some OF the "a
sons why the Burlington, Cedar Rapids and Minn}
sofa Railroad Is worthy OF place among the n II
railways Of the land; The stock of the road n
been all subscribed to by wealthy parties along u
line, and paid in full. The bonds are held ut co. aI
| interest in currency, and are for sale by banks q
bankers generally. The greater portion OF the whdI
| issue has been disposed OF in sums varying froI
$1,000 to sb0C00 and the class OF subscIb is arg
| represented by Trustees OF Funds, Cashiers
| Banks and Savings Institutions Insurance Comp4
MES, aud judicious and permanent investors II
The bonds have fifty years to run, are cOnvertibI
at the option OF the holder into the stock OF the Co
pany at par and the payment OF the principal is prI
vided for by sinking fund. The convertible,
privilege attached to these bonds cannot fail 10 eau
| them, at an early day, to command market pr1
considerably above par. u 5. Five-tweniies at ptl
rest, while these bonds pay o. per cent and v
regard them to be as safe and fully equal secur
| to any Railroad Bond issued; aud until they al
| placed upon the New York Stock Exchange, b
rules OF which require the road to be completed
obRate ourselves to rsbuy at any time any OF theI
bonds sold by us after this date at the price
| realized by MS on their sale.
All marketable securities taken in payment free
| commission and express charges.