Litchfield enquirer., 1870-07-21
NEW HAVEN, MIDDLETOWN AND WILLlMANTIC RAILROAD CO.,. .,
 OF CONNECTICUT.
: MOST CONVENIENT
 ATTRACTIVE

form of investment on the market. They are secured by frat mortgage on property worth more than double the amount of bonds issued.
 The bonds can be issued only as the work pro- gresses, and for but one half the actual expendi
 ture; while the value of the franchise when the
 line is completed, will be of far greater value than
 the simple cost of the road.
 2. They are based on the great through line be- tween New York and Boston, which shOrtens the
 distance 27 miles, and the time one hour. The road will be 52 miles in length, running be- tween New Haven and Willimantic, and will be the I connecting link between roads already established
 forming route almost straight from one city to
 the other, effecting 8 saving of from fifteen to
 twenty per cent in the distance. B. One half of the road is about completed, aud
 nearly two thirds of the estimated cost of the
 whole line has been economically expended. The section between New Haven and Middle Bridge, and the Eastern Division are well under
 way and will be carried forward with all possible
 speed.
 A. The State of Connecticut is Trustee for the l This is additional security; proving the good faith of the company in furnishing every possible safeguard and & guaranty that the property cov-
 cred by the mortgage will be held secure for their
 D. The local business developed during the past
 thirty years and awaiting the opening of the road, together with the through trade which must by | necessity flow to short, quick routes The line traverses the central portion of the
 State, furnishing railroad facilities to some dozen
 towns, many of them possessing large manufac-
 turing interests, opening up field almost entirely destitute of railroad transportation 1 G. The road is located in Connecticut, and will
 largely increase it's productiyeness and influence, and add materially to it's wealth. AS & "home investment" the bonds possess ad ditional attractions. More confidence is felt in them. The condition of the enterprise is better
 understood. The location of the line, the require
 ments of that portion of the State through which tha nnif0rnn 0f all wall m pad
 roads in Connecticut, enable the investor to as
 sure himself that his investment is abundantly secure. #.e ~ s% &@ sE 7. The well-known character of the projectors of
 of the enterprise, which is Guaranty of it's ear | ly completion and successful management. | Everything depends on the management, of an enterprise Prudent, energetic, successful busi-
 ness men as directors and officials largely increase the confidence which is felt in the obligations of company. Those connected with the Air Line Road | are well known for ability and character, and we
 complished within the past year. as guaranty for | the future.
 | 8. The Bonds are exempt from U. s. Income tax and from state add local taxes in Connecticut.
 The holder of the Air Line Bonds in Connecti- cur saves ln taxes .::............2 per cent He also saves Income Tax. ' He receives in interest. t.................7 s'
 Making his investment equal one paying9s '' @The average tax on securities in Connecticut is about two per cent. The payment of this tax can not be avoided except by holding securities not | taxable. The Air Line bonds being Of this class | the same as governments, are by this exemption | largely increased in value. 's '3 +@ | 9. They bear seven per cent interest, payable | half yearly, May 1st and Nov. 1st, in New York | City.
 The interest is liberal and will not be affected
 by any decline in gold. Careful investors are se-
 lecting good currency in preference to gold bear
 ing bonds
 | 10. They are issued either coupon registered bonds and are in denominations of $500 5000. The large amount of securities lost and stolen l has awakened @ desire to obtain form of invest
 ment which can be rendered comparatively safe | by being registered. To meet this want the Air
 Line bonds are prepared so that at any time they
 can be registered, either with or without coupons