The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-10
INTEREST SEVEN PER CENT. PER ANNUM,
TREE OF GOVERNMENT TAX, PAY
ABLE IN NEw-YoRK, MAY
AND NOVEMBER.

AND NOVEMBER.
The St. Louis and Southeatern Railway spans the
State of Illinois, commencing at the City of StLouis
and ending at The City of Shawneetown, ON the Ohio
river The entire length when complete will be 139
miles, TwENTY-SEvEN MILES OF WHICH ARE
ALREADY FINISHED AND IN OPERATION. Werk
is progressing on other portions OF the road and it
IS the intention OF the Company to push the enter
prise TO early completion.
This line OF roaI supplies urgent need. 1t pass
Though fertile and populous section Of the State
hitherto destitute OF railroad ABILITIES. In the pro-
duction of wheat tie district is not exceled by any
other in the Union, and the road throughout its
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being profably and ex-
tensivey worked at various poins. 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 the
entire bonded debt of the Company. The total is
ue OF bouds is limited to $2250 OO0, equal to about
per mile to be issued only as 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. Its carefully drawn,
and duly recoreed in all the counties through which
the road passes.
In Off ring these Convertible Bonds or sale we beg
to refer investors to pamphlet In our possession,
now ready for distribution, containing a comprehen
sive exhibit of the enterprise and its promising tu
ture signed by the President ct the Company, Gem
eral EDWARD +. WlNSLOW, and by Breyet Ma
jor-General JAMES II. WILSON, United States
Army, ore of its Directors, and also. to the state
ment appended thereto, signed by w. MILNOR
ROBERTS, United States Civil Engineer, and one
OF the most distinguished railroad Constructors of
the country. These gentlemen are well known to
the ry and their friends for their ability, integ
rity and 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 large and profitable local
business, to say nothing OF its through traffic. 1t
will therefore, be able to pay, without fail, the inter-
est on its bones, and render the stock very pyofta
BILE investment Gross earnings at the rate OF $4,000
per mile per annum VIII be ample to pay the inter-
est iis debt, including the expense OF operation
and repairs. There is completed road in the State
of Illinois which is earning much more than this
EXPECT 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, confidently recommend these Bonds
to friends and the public safe and profitable
investment.
Price for the present, 924 and accrued interest In
currency the Company reserving to itself the right
TO advance the price whenever it may SO determine.
Pamphlets IurLished on application.