The Portland daily press., 1870-07-18
MISCELLANEOUS,
BLOOMINGTON
Western RAILWAY.
Seven Per Cent. Gold Loan,


The bonds are in denominations OF 81 900 each SCI
cured by first mortgage on POS miles OF road, from
INDIANAPOLIS, the largest city and most importont
railroad centre in tie State Of indiana, TO The cv
of Peki1 in Illinois.
ONE HUNDRED AND EIGHTY MILES of tba
Line are now IN FULL OPERATION and eouoned
with New, FIRsT-CLAss Rolling Stock, consisting of
25 Locomotives, % Passenger Coaches; II Baggage
ana Express Cars; $50 Bcx Stock and Coal Cars and
more will be added as the wants OF the road REQUIRE
The earnings are 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 on hand and will he
completed without delay.
There thirty-six depots on the line located in
cities and fo1cns that contain, in the aggreadle a
population Of one hundred and atnety thousand
averaging over 500 to each square mile, within a
radius Of half mile OF the track; and aithin
about sir hundred thousand.
1t passes through the counties OF Marion, Hen
bricks, Montgomery, Fountain, Warren and Yer
million, in the State Of Indiana, and vermlion,
Champaign, Dewitt, Piatt, Mclean and Tazewell
counties, in Illinois, on the line of the old emigrant
state road which was laid out in the best portion OF
those States before the time of railroads. then
the main line of Western travel, and consequently
became more thicky settled than any other sections
OF the Wes as the numerous cities, large villages
and products OF these counties demonstrate.
Besides the large agricultural productions Of this
section the manufacturing interest is very extensive
in the large towns and is rapidly increasing.
The coal mines at Danviile on this line are extern
siyely and prottably worked, and FURNISH BUSI-
CARS 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 it safe
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 support first
class rod and make it profitable investment
through local traffic, it forms grand central trunk
line for through business not surpassed by any road
| of equal length in the West.
At Indianapolis it connects by main lines with the
cities OF Columbus Cleveland, Pittsburg, Cincinnati,
and with the Pennsylvania Central, Baltimore and
Ohio and other important railroad ines At Pekin,
the western terminus, connections are made with
| Peoria, Quincy, KeOkuk, Burlington anlsOmaha.
| At Bloomington, with the Illinois Central Road,
which runs northwest 600 miles to Fort Dodge Iowa.
A very large business will be done with this line.
At Janvilie it connects by rail with Toledo lake
| Erie. map will show all these to be very impOr-
tant connections in making through lines over this
| route.
The 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 a!
| the farmers Loan and Trust Company if desired.