The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-05

The st. Louis and southeatern Railway spans the
State of Illinois, commencing at the City of St.Louis
and ending at the City of Shawneetown, the Ohio
river. The entire length when complete, will be 139
miles, TwENTY-SEvEN MILES OF WHICH ARE
ALREADY FINISHED AND IN OPERATION. Work
is progressing other portions of the road, and it
is the intention of the Company to push the enter
prise to early completion.
This line of road supplies urgent need. 1t pass
Though fertile and populous section of the State
hitherto destitute of railroad facilities. In the pro-
duction of wheat tie district is not exceed by any
other in the Union and the road throughout its
tire length PASSES OVER THE RICHEST COAL
BEDS OF ILLINOIS, now being proftably and ex-
tensively worked at various points. In view of the
large and increasing consumption of coal at st.
Lons and in the adjoining region, the profits upon
the transportation Of coal alone WILL within the liz
it three years, more than pay the interest on the
entire bonded debt of the Company. The total is
of bouds is limited to $2,250 600, equal to about
$4,000 per mile, to be issued only the constfuc-
tion and equipment of the road progresses. They
are issued under mortgage made to P. G. Calhoun,
President of the Fourth National Bank, New York,
and George Opdyke, Trustee. It's carefully drawn.
and duly recoreed in all the counties through which
the road passes.
In Offering these Convertible Bonds for sale we beg
to refer investors to pamphlet in possession,
now ready for distribution, containing comprehen-
sve exhibit of the enterprise and its promising tu
ture, signed by the President OF the Company, Gen
eral EDWARD T. WINSLOW and by Brevet Ma
jor-Genera JAMES II. WILSON, United States
Army, of its Directors, and also. to the state
ment appended thereto, signed by w. MILNOR
ROBERTS, United States Civil Engineer, and one
OF the most distinguished railroad constructors Of
the country. These gentlemen are well known to
the country and their friends for their ability, nteg
rity and honor. The accuracy of their statements
may therefore be confidently relied upon.
Any one who will carefully study these documents
completed will control large and profitable local
business, to say nothing OF its through traffic. 1t
WILL therefore, be able to pay, without fail the inter-
est on its bonds, and render the stock very prota
BILE Investment Gross earnings at the rate OF So 900
per mile per annum will be ample to pay the inter-
est on its debt, including the expense Of operation
and repairs. There completed road in the State
OF Illinois which is not earning much more than this
sum per En- mite, a The Company C0NELDENTLY
from the time of completion.
After thorough investigation of the merits of this
enterprise, we confidently recommend these Bonds
to our friends and the public safe and profitable
investment.
Price for the present. 92J and accrued interest in
currency the Company reserving to itself the right
to advance the price whenever ii may determine.
Pamphlets furnished on application.
DUPEE, BECK G SAYLES,
KO2 State ST., Boston.
GEORGE OPDYKE d. co.
No. rs Nassau.st., New York.
Feb16-deod13t