Litchfield enquirer., 1870-07-21

The bonds are in denominations of $l .OOO 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 Pek in in Ili- 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, 2 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. Tho 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.
 There arc 36 depots on the line, located m cities and towns that contain, m the aggre- gate, population of l90 900, averaging over 920 to each square mile, within radius ot half 8 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 Vernillion, Champaign, Dewitt, Piatt, Mo- Lean and Tazwell counties. in Illinois, on the line of the old migrant State road which was laid out in the best portion of those States be-
 
 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.
 Basides the large agricultural productions of this section the manufacturing interest is very extensive in the large towns and is rap- idly increasing.
 The coal mines at Danville on this line are ufnynsI vynEr aud toht l-oxl nish business for over 300 coal cars on 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 18O miles it, $ safe to assume that the local business alone will be ample not only 10 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 sup 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 Columbu Cleveland, Pitts burg, Cinoinnati-and with the Pennsylvania. Central, Baltimore and Ohio and other imror- tant railroad lines. At Pekin, the Western terminus, connections are made with Peoria, Quincy, Keokuk, Burlington and Omaha; at 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. 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 necessarily be doubled when the trains run through. -. 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. I4a
 Total Issue $5 OOO, ,OOO-s2, 900 ,O0O of which are placed in trust with the Farmers Loan and Trust Company to redeem and cancel S2,OOO,OOO bonds issued to the Danville, Ur- bana, Bloomington and Pekin railroad, now merged into this road, making the loan only $3, ,OOO.OOO, over half of which has been sold 1n 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 1t from time to time during construction, and being familiar with tho wealth and Ire. sources of the country. the responsibility and integrity of the 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 EXpRESC HuARGEc