The Portland daily press., 1870-07-15
MISCELLANEOUS.
INDIANAPOLIS.
BLOOMINGTON
Western Railway.
Seven Per Cent. Gold Loan,

The bonds are in denominations of 81 900 each CO.
cured by first mortgage on 2o5 miles OF road from
Indianapolis, the largest city and most Important
railroad centre in the State Of indiana, to the city
of Pekin in Illinois.
Line are now in FULL OPERATION, and euuipped
with New, FIRsT-CLAss Rolling Stock, CONSISTING Of
25 Locomotives, % Passenger Coaches; II Baggage
and Express Cars 75O Dcx. Stock and Coal Cars and
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 s nearly
all graded. with all the Iron hand, and will be
completed without delay.
There re thirty-six depOts the line located in
cities and tOunS that contain, IN the aggreqaIe, q
population Of one hundred and ninety thousand,
averaging over % s2o to each square mile, within a
radius Of half q mile OF the track; and acithin
tuenty miles Of the track there is a population of
about sic hundred thousand.
1t passes through the counties of Marion Hem
bricks, Montgomery, Fountain, Warren and Yer
million, in the State of Indiana, and Vermilion,
Champaign, Dewitt, Piatt, Mclean and Tazeweli
counties, in Illinois, the line of the old emigrant
state road which laid out in the best portion OF
those States before the time of railroads, then
became thicky 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 is very extensive
in the large towns and is rapidly increasing.
The coal mines at Danyille on this line are extern
| NESS FOR OVER THREE HUNDRED COAL
CARS on M this i line at present. and MORE THAN
w lSE IhA1 WILL BE REQUIRED
to carry coal ON completion of the remaining link.
From the present earnings 1sO miles it safe to
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 road 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 lines. At Pekin,
| the western terminus, connections are made with
Peoria, Quincy, Keokuk, Burlington ami Omaha.
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 Oanvilie 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 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 add
greatly to their value. They may be registered at
| the farmers Loan and TruSt Com doe;rad