Litchfield enquirer., 1870-02-03

The old lines were originally constructed in sec- 9on', With the view of passing through the prin- tween New York and Boston, and hence the cir cuitous route adopted by them.
 bUSlNESS.-For more than quarter of cent ury road through this section of the State has been needed, and unlike most new railroad enter prises. which have to wait the growth of business along its hne, this road will find large estab- ssd 0ss rsSs sw: s sao win ford, Durham, Middlefeld, Middletown, Portland. Chatham, Marlborough, Hebron, Columbia, Leba- non, Colchester, and Windham.
 the Business of road, of such vast importance, having connections with so many roads that are to become feeders to it. At New Haven it will con- meet with four lines; at Middletown with one, and projected. 'T9f
 In regard to through trade, single glance at the map is more convincing than any argument can be as to the important fact that this route ba ing the shortest, and affording so great saving in time, must ultimately be the chief thorough fare between Boston and New York. ta.-
 CHARAoTEa Asp PRoaREss OF THE WORK. The the officers of the Company who are moss deeply interested n its success, and who design it to be tue most thorough, substantial, and safest road in the highest engineering skil in the country to d- rect the work, and no pains or expense will be spared to bring it to perfection. The grades are very easy, the curves are large, the bridges of
 
 the best quality, and alladspted to durabiity and speed. The grading is nearly finished Between New Haven and 4iddletown, the bridges complet- ed and being placed in position; the ra,s are be- ing lad at the rate of half mile per day, which ! will enable the company to use this portion oi their line for business early in the spring. The eastern section is being rapidly graded, and all the ! force that can be employed to advantagois at will be finished and in operation during the Fall or early winter, ,,..t
 As AN INyEsTMENr.-The Bonds are Coupon and Registered, and are issued in denominations of $500 and $l, GOO. They have 20 years to run, and are payable, principal and interest, in New York. By an act of the Legislature of the State of Con- necticut they are made exempt from all State and Local Taxation, and by the Company from the used to protect the holders of these Bonds by the terms of the Mortgage, which provides that if the Company, at any time. defaults in the payment oi interest for six months the Principal shal at the option of the holder, become due immediately. . The Mortgage is made to the Treasurer of the State of Connecticut and5his successors in office, in trust for the Bondholders, which is guarantet of the good faith of the Company, and pledge that the investors interests will aever suffer from any want of stability in the holder of their Mort gage. h mind the public that Home Enterprise, carried on in their own State where all the facts regard to it are fully known, is more worthy of attention than schemes for railroad building or other. pro
 ects in remote parts of the country, which invite | loans at enormous rates of interest. The Mana gers of this company are well known Connecticut men, and the road itself is 8 most important worl of internal development, in which every citizen
 uss o First Mortgage
 Bonds from all taxes which may be laid within ths state is feature which causes them to rank with | al exemption from United States Income Tax pla. ces them above any other investment in the mar. ket, and must commend them to all persons seek mind that the State and Local Taxes in Connecti cut range from II to 2s, averaging about 2 pel cent. An this tax is saved to holders of the Ali Line Bonds it is equivalent to the payment of that ing of the income tax, s93 50 on each $l,OOO pe annum, or nearly 9&per cent interest on the in
 vestment, This large return does not depend o1 the premium on Gold, which is liable to decline and may even fall to par without affecting the in fcome from these securities. z =
 INCOME, As COMPARED wrTa OTHER INyEsTafENTs "A six per cent Gold Bond, subject to taxation with the premium on gold at 120, must be obtain ed as low as 80 to yield the same amount of ne income as these Bonds at pars while with gold q par the 6 per cent gold bond would be worth oni, | about 70, compared with these h0nds at par.
 examDt rom taxation 6y an act Of the Lesislatnre
 are selling in the market st about 103, and at tha
 price, yield an income of 6a which would make tn, Air Line Bonds worth 114l, on the same basis, a
 at that price they pay the same interest. namely 6a per cent. -s.----.
 The desire to capitalize the premium which ms, Inow be realized on FiveT Twenty Bonds, and whicl may at any time be extinguished by being funded at reduced rate of interest and the maternal de
 cline in gold, is awakening an inquiry for forms II investment which shall be safe and which shal yield liberal rate of interest in currency. II To meet this demand we offer the First Mort gage bonds of the New Haven, Middletown ant
 WiIlimantic Railroad Company, believing them |
 be in all respects worthy Of the confidence of in of investors, and we do 70 after thorough exami nation, as we are unwilling to offer any seCurit which we do not consider as safe and desirable a the isaues of the United States Government. II Inc Bonds can be obtained of any Bank Q Banker in the State of Connecticut. or by sendin direct to ourselves. a1 s.9a i.. l- TT E
 All classes of securities will he received at thei Ifull market value. and may be forwarded by e1 press, and the Bonds win be returned at our @
 HATCH 6 EOOTE,
 Banksrs and Dealers in Government Securities. E4 f86A .o ~x,a1r an 1rxsxsp vnprr s-E