The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-04-11
MISCELLANEOUS.
MISCELLANEOUS.
No Safer or Better Investment
THAN THE
First Mortgage
I Per Cent. Gold Bonds
OF THE
Central Railroad
OF IOWA.
At IS, Free from Tax.

ms railroad runs 234 miles north and south
through the finest and most thickly settled
por'lon OF the magnificent State of Iowa, and
Is the only link wanting to connect the rail-
way centres at st. Louis and St. Paul by an
unoroKen line, lat miles shorter than any ex-
ist'ng route. This road offer, many advan-
Iases. The building of the railroad north from
o. raui to Duluth, at the head of Lake Supe-
r'or' "here five railroads will soon centre-the
construction of the North Pacific railroad, all
ready oegun-and the rapid development of a
! ne" ana productive country in Minnesota and
'ne northwest, must furnish large Southern
'ramc. As the Upper Mississippi is frozen
over ouflng the winter, and its navigation is
oi'en uncertain during the summer, from low
WATER tnis road must have at all times large
""ount vi transportation, and monopoly of
Tue business at some seasons of the year. Its
connections with other lines interested by mu-
tuai ownership or running arrangements. will
give 1t almost the entire north and south travel
between Its terminal points and their vicinity
Ahis road will have a great advantage over
any other Western line in carrying the best
qaany OF coal from where it is abundant in
Southern Iowa to Northern Iowa and M,pne
sota' where none is to be found, and in secur-
ing return freights Of lumber r, for which the de-
mand is very great.
Tue construction of the road is not an exper-
ment, dependent upon any uncertain nesoti-
alton OF its bonds. 1t is in the hands of gen.
tlemen of wealth and ability, comprising many
leading bankers and railroad builders of expe
rience. Forty-six miles of the line are lust
completed, and eighiy-eight more ale graded.
An abundant supply of iron, ties, and other
materials has been contracted for. The Com
pany have large and daily increasing sur.
plus of money on hand, aud the stock sub
scriptions, and The sales of the bonds. give
Them ample means to push the work forward
SO that, with favorable weather, it is expect. d
that the whole line will be completed this sea-
son.
Security of the investment.
So far as we can learn, every Completed
railroad in the Northwest is not only earning
the interest on its bonds, but a dividend on its
stock, and we believe the Central of Iowa
must occupy an equally strong financial posi-
ton.
The amount of Bonds to be issued is but
$4,000 per mile or less than four millions. in
all,
OF which over One Million have
already been Sold.
As we consider these securities among the
choicest in the market, we have no doubt that
the remainder will be rapidly taken, SO that it
may be well for parties desiring to purchase,
to do SO at once.
WE BELIEVE THERE WILL. RE
NO MORE FAVORABLE TINE TO
SILL GOV GRN mENrS, AVID BUY
RrALLY FIRST-CLAss RAILROAD
sECURlTiEs- SUCH As THESE
THAN THE PRESENT.
After full examination, we have accepted
an Agency for the Sale of the above First
Mortgage Bonds, and desire to recommend
them to our customers AS A THOROUGH
LY SAFE, AS WELL AS PROFITARLE
INVESTMENT. We have no hesitation in
saying that, in our opinion, the CENTRAL
RAILROAD OF Iowa will be one of the most i'm
portant and valuable roads in the West.