The Portland daily press., 1870-07-30
MISCELLANEOUS.

The bonds are in denominations of 1000 each se-
cured by first mortgage 205 miles of read from
Indianapolis, the largest city ard most important
railroad centre in the State Of Indians, to he cv
of Pekin in Illinois. IVY
ONE HUNDRED AND EIGHTY MILES of tbo
Line are now IN FULL OPERATION and eoninnnd .n
with New, FIRsT-CLAss Rolling Stock, consistinp Of
25 Locomotives, 20 Passenger Coaches: NJ BAGGAGE
and Express Cars; 750 Box Stock and Coal Cars. and
more will De added as the wants the road re0uire
The earnings arc already Greatly in Ercess Of the
Interest on the Whole Issue Of BONDS The balance
twenty-five miles OF the division in Indiana is nearly
all graded. with all the Iron hand and will he
comp pleted without delay.
There are thrty-six depots the line located in
cities and toWas that contain, in the aq0reanie n
population Of one hundred and u,nefy fhous0nG
averaging over 500 to each square mile, within \
radius Of half q mile OF the track; and mithin
about sic rhundred thousand.
II passes through the counties of Marion, Hen
dricts, Montgomery, Fountain, Warren and YER
| million, in the State of Indiana and vermilllon,
Champaign. Dewitt, Patt, Mclean and Tazeweli
counties, in Illinois, the line of the old emigrant
state road which was laid out in the best portion OF
those States before the time of railroads. was then
the main line OF Western travel, and consequently
became more thckly settled than any other sections
OF the West, as the numerous cities large villages
and products OF these counties demonstrate.
Besides the large agricultural productions of this
section the manufacturing interest very extensive
in the large towns and is rapidly increasing.
The coal mines at Danv e on this line are extern
NESS For OVER THREE HUNDRED CoaL
| Cal on this line at present, and MORE THAN
TWICE THAT NUMBER Will BE REQUIRED
to carry coal on completion of the remaining link
From the present earnings $50 miles ii is safe to
assume that the LOCAL BUSINESS ALONE
| VIII 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 support first
class rod and make it profitable investment
through local traffic. it forms grand central trunk
Inc Tor through business not passed by any road
of equal length in the West.
NV, o;v
cities OF Columbus, Cleveland, Pittsburg, Cincinnati,
and with the Pennsylvania Central, Baltimore and
Ohio and other important railroad lines, At Pekin,
the western terminus, connections are made with
Peoria, Quincy, Keokuk. Burlington an / Omaha.
At Bloomington, with the Illinois Central Road,
which runs northwest GOO miles to Fort Dodge
A very large business will be done with this line
At anvil.e it connects by rail with Toledo on lake
Erie. map will show all these to be very impor-
tant connections in making through lines over this
route
Tue loan is placed beyond any contingency by the
present earnings from local traffic on one hundred
and eighty miles (which must necessarily be doub ed
when the trains run through.
1he Bonds are convertible at the option of the
holder into stock at par at any time, which add
greatly to their value. They may be registered at
the Farmers Loan and Trust Company if desired.