The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-11-21
Y PER CENT. GOLD
First Mortgage Bonds,
Coupon or Registered, and free OF U. g. Tax,
PRiNClPAL;AND INTEREST PAYABLE IN GOLD
ISSUED ny THE
Burlington, Cedar Rapids and
Minnesota R. R. 90.
The small remaining balance OF the Loan for sale
AT 90 and Accrued Interest i'm
Currency.
Interest payable May and November.
J. RDGAR THOMSON, ! r-..
CHARLES l. FROST, { ilus'ees'

Taking the average earnings OF the railroad per
mile even at the present time, when the work OF the
read is being performed disconnected portions.
ana computing for the whole distance OF 40 miles at
The rate we obtain an aggregate of $3.50 coo for
gress annual returns. Allowing nifty per cent for
operating expenses will be lneral estimate uptil
The lapse OF time shall have rendered iron and
rails nt cesssry the result earnings-is x4z5 COO
TO pay interest on bonded debt OF s2U, 900 per mile
or mere than twelve per cent on the amount Of the
From this exhibit it appears that even at the pre-
sent moment, holders of the seven per cent. mort
gage bonds are amply secured But 1t must be
borne In mind that at tOis time interval OF forty
miles separates the two portions OF the road which
eastward pays nibute now only to half Of the Bur-
ington, Cedar Rapids, and Minnesota Railroad line,
belDg diverted Tor through transportation
Meeting lines When the exstlng gap is Bnished-
which, 1t is assured, will he by the 1st OF December
goods which now pass over one-half will then ira
verse the whole OF the line, thereby doubling the
present receips Of the road even assuming that no
increase OF the gross amount transported takes
place. A glance at the map will show the position.
we may assume, therefore, from the above exhi-
Dlt OF me existing traffic, that the following est
mate Will represent the income accruIng ON the
completion OF the enterprise after the 1st Of De-
cember:-
hecepts Oh 10 miles from Burlington 20
Ceoar Falls, 5000 per mile ............ 81 36 ocs
Operating expenses at 80 per cent. (dnnual
rate Tor nrst nye years. 67S, ,00e
Net income .......................... ss7s,oOs
vaent 10 per cent. currency ........... ga, zoe
Earnings ih excess OF interest applicable
to dividsnd on stocks, being t2 per cent.
on amount OF STOCK, say $4,000 per
This remarkable exhibit is accounted for by the
character OF the erprse and the country through
which IL runs, anu may be explained on the follow.
First The Burlington. Cedar Rapids aud Mime.
sofa Raroad is a continuation OF the Chicago Bur-
ngton. and Quincy Railroad (ths best enterprise in
the WeSt), and 1t traveTses, without competition,
the richest portion OF Iewa-ths most fertile State
In the Union-and receives as tributaries the Chi
cago ana Northwest Rock Island and Pacific
Union Pacific, Chicago, Burlington, and QuRcy,
IN md R.Pkf fafd md IlnaG GIaio
Railroads.
Second. 1t is the first and only com pleted Iowa
road running III the interest Of st. Louis. Chicago,
ST. Paul, Nankato and the Great northwest.
Third. II brings Chicago forty five mi nearer to
Fourth.--It gives the only practicable route from
st. Paul to St Louis ninety miles nearer than any
other route; It's road-6 bed Is in the finest cereal.
Fnhmlt has four ~ great initial and terminal
Chicago, and runs through the finest region in the
world for stock ana grain. Its sources Of rafc are
immense both from local AID through transporta-
ton. The products Of the country comprise Timber,
Coal, Cereals, and Cattle al In unlimited quanti-
as shown by the census returns OF the last three
years, is immense, and increasing at the rate OF
almost twenty per cent. per annum. This rate Of
Increase must be greatly accelerated 10y the innux
OF wealth and population which railway construction
always brings ith it,
The above statement comprises some OF the rea-
soDs why the Burlington, Cedar Rapids and Mime
sofa Railroad is worthy ~ place among the arst
railways Of the land. The stock OF the road has
been all subscribed to nv wealthy parties along the
line, and paid in full. The Oonds held at co. and
interest in currency, and for sale ny banks and
bankers generally. The greater portion Of the whole
lssue has been disposed Of In sums varying from
sOe0 to $50 COO and the class is largely
represented by Trustees II Funos, Cashiers OF
Banks and Savings Institutions Insurance Compa-
nies, and judlcious and peru anent investors.
The bonds have nifty years to run, are convertible
at the option Of the holder into the stock OF the Com
psny at par and the pay meht Of The principal pro-
| vded for by u sinking fund. The convertibiity
privilege at ached to these b0Bds cannot fail 10 cause
| them, at sn early day 10 command market price
mar IL Al nra-
sent prices return only ~ per cent. currency ints-
rest while these bonds pay ~ per cent and we
egard them TO be safe ana fully equal security
| to any railroad Bond issued; and until they are
| placed upon the New York Stock Exchange, the
rules OF which require the road 81 he completed,
oslRate ourselves To- rehuy at time any Of these
bonds sold by us after this date at the price
realized by us on their sale.
All marketable securities taken In payment free OF
commission and express charges.