The Portland daily press., 1870-02-26
INTEREST SEVEN PER CENT. PER ANNUM,
FREE OF GOVERNMENT TAX, PAY
ABLE IN NEw-YoRK, MAY
AND NOVEMBER.

AOLN AN NGW-4Ohn, MAI
AND NOVEMBER.
The St. Louis and Southeatern Railway spans the
State of Illinois, commencing at the City OF St.Louls
and ending at the City of Shawneetown, on the Ohio
river. The entire length when complete, will be 159
miles, TwENTY-SEvEN MILES OF WHICH ARE
ALREADY FINISHED AND IN OPERATION. Work
is progressing other portions OF the road, and it
is the intention OF the Company to push the enter
prise to early completion.
This line OF road supplies an urgent need. 1t pass
es Though fertile and popuIous section of the State
hitherto destitute OF railroad facilities. In the pro-
ducton Of wheat tie district is not exceed by any
other in the Union and the road throughout its
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being proftably and ex-
tensively worked at various points. In view OF the
large and increasing consumption of coal at St.
Lonis and in the adjoining region, the profits upon
the transportation OF coal alone WILL within the liz
it three years, more than pay the interest on the
entire bonded debt of the Company. The total is
OF bouds is limited to 900, equal to about
$4,000 per mile, to be issued only the construc-
tion and equipment of the road progresses. They
are issued under mortgage made to P. G. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke, Trustee. Itis carefully drawn,
and duly recoreed in all the counties through which
the road passes.
In Offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in possession,
now ready for distribution, containing comprehen-
sve exhibit of the enterprise and its promising tu
ture signed by the President of the Company, Gem
eral EDWARD F. WINSLOw, and by Brevet Ma
jor-General JAMES H. WILSON, United States
Army, of its Directors, and also. to the state
ment appended tberetO signed by w. MILNOR
ROBERTS, Unittd states Civil Engineer, and one
OF the most distinguished railroad constructors of
the country. These gentlemen well known to
the coun and their friends for their ability nteg
rity snd honor. The accuracy OF their statements
NAV therefore be confidently relied upon.
Any one who will carefully study these documents
cannot tail to become convinced that this road when
completed will control q large and profitable local
business, to say nothing OF its through traffic. 1t
will, therefore, be able to pay, without fall the inter-
est on its BONDS, and render the stock very pI0ta
BILE investment Gross earnin es at the rate OF S. 900
per mile per annum will be ample pay the inter-
est its debt, including the expense OF operation
and repairs. There is completed road in the state
OF Illinois which is not earning much than this
sum per mile. The Company CONFLDENTLY Y
EXPFCT THEIR ROAD TO EARN From SEV
EN- TO TEN THOUSAND DOLLARS PER MILE
| from the time of completion.
After thorough investigation of the merits of this
enterprise We confidently recommend these Bonds
to out friends and the public as safe and profitable
investment.
Price for the present, 925 and accrued interest in
currency, the Company reserving itself the right
10 ADVANCE the price whenever it may SO determine.
Pamphlets furnished on application.