Litchfield enquirer., 1870-07-14

The bonds are in denominations of $l .O0O each, secured by first mortgage on 205 miles of road, from Indianapolis, the largest city and most important railroad centre in the State of Indiana, to the city of Pekin in Hi nois.
 One hundred and eighty miles of the line are now in full operation, and equipped with new, first cless rolling stock. consisting of 25 locomotives, 22 passenger coaches, l7 baggage and express cars, 750 Box, Stock, and coal cars, and more will be added as the wants of the road require. Tie earnings are already greatly in excess of the interest on the whole issue of bonds. i he balance, twenty-five miles of the division in Indiana, is nearly all graded with all the iron on hand. and will be compile ted without delay. a.-s
 There arc 36 depotS on the line, located m cities and towns that contain, m the aggre- gate. a population of l80 900, averaging over 920 to each square mile, within a radius ot halfa mile of the track; and within twenty miles of the track, there is a population of about six hundred thousand.
 It passes through the counties of Marion, Henaricks, Montgomery, Fountain, Warren ard Vermillion, in the State ot Indiana, and VerEillion, Champaign, Dewitt, Piatt, Mo Lean and Tazwell coun ties, in Illinois, on the line of the old emigrant State road which was laid out in the best portion of those States be- fore the time of railroads, was then the main line of Western travel, and consequently be- came more thickly settled than other stations of the West. as the numerous cities, large villages, and products of these counties dem- OnStrate.
 Basdes the large agricultural productions of this section the man ufacturing interest is very extensive in the large towns and is rap- idly increasing. . rr..... .
 The coal mines at Danville on this line are extensively and proftably worked. and fur nish business for over 300 coal cars Oh this line at present, and more than twice that number will be required to carry coal on com pletion of the remaining link.
 From the present earnings on 180 miles 1t is safe to assume that the local business alone will be ample not only to pay the bonded debt but large dividends on the stock.
 In addition to the population and wealth of the country, and all that is necessary to SUD- port a first class road and made it profitable investment through local traffic, it forms grand central trunk line for through busi- ness not surpassed by any road of equal ,ngth in the west.
 At Indianapolis it connects by main lines with the cities of Colum bus, Cleveland, Pitts burg. Cinoinnati-and with the Pennsylvania, Central, Baltimore and Ohio and other impor- tant railroad lines. At Pekin, the Western terminus, connections are made with Peoria,
 
 Bloomington, with the Illinois Central Road. which runs north 500 miles to Fort Dodge, Iowa. very lalge business will be done with this line. At Danyille it connects by rail with Toledo on lake Erie. A map will show all these to be very important connec- tions in making through lines over this route
 The loan isplaced beyond any contingency by the present earnings from local traffic on one hundred and eighty miles, which must nA Til hn 6eYV1 led Dhnyo through. .g
 The bonds are convertible at the option of the holder into stock at par at any time;which adds greatly to their value. They may be registered at the Farmers Loan and Trust Company if desil ed.
 COUPONS PAYABLE APRIL AND OCTOBER, FREE OF TAX.
 Total Issue $5 0OO, ,OOO-s2, 900 900 of which are placed in trust with the Fsrmers' Loan and Trust Company to redeem and cancel $2,OOO,OOO bonds issued to the Danville, Ur- bana, Bloomington and Pekin railroad. now merged into this road, making the loaa only $3, ,OOO.OOO, over half of which has been sold In Europe and this market. The balonce we offer at 90 and accrued interest At this low price the bonds being so amply secured, will be quickly marketed.
 We have been thoroughly posted in regard to the road from the start, have closely irspec- ted it from time to time during construction. and being familiar with the wealth and re- sources of the country. the responsibility and integrity fthe officers and directors of the company and the present earnings of the road it is with pleasure that we recommend the bonds as the cheapest and safest investments in the market, sure of high standard among the best railroad securities in the country.
 All marketable securities received in Ex- change at market rates. Bonds delivered to all points ... ..... ...
 FREE OF EXPRESS CHARGES.