Litchfield enquirer., 1870-05-12

form of investment on the market.
 1.-They are secured by frat mortgage on property worth more than double the amount of bonds issued.
 The bonds can be issued only as the work pro- gresses, and for but one halt the actual expendi- ture; while the value of the franchise" when the
 line is completed, will be of far greater value than the simple cost of the road.
 2. They are based on the great through line be- tween New York and Boston, which shortens the distance 27 miles, and the time one hour.
 Thsroad will be 52 miles in length, running be- tween New Haven and Willimantic, and will be the connecting link between roads already established forming route almost straight from one city to the other, effecting saving of from fifteen to twenty per cent in the distance.
 3. One half of the road is about completed, aud nearly two thirds of the estimated cost of the whole line has been economically expended.
 The section between New Haven and Middle town, is about finished. The Connecticut River Bridge. and the Eastern Division, are well under way and will be carried forward with all possible speed.
 4. The State of Connecticut is Trustee for the Bond-holders.
 This is additional security; proving the good faith of the company in furnishing every possible safeguard and a guaranty that the property cov- cred by the mortgage will be held secure for their
 5. The local business developed during the past thirty years,and awaiting the opening of the road, together with the through trade which must by necessity flow to short, quick routes
 The line tray erses the central portion of the State, furnishing railroad facilities to some dozen towns, many of them possessing large manufac- turing interests opening up field almost entirely destitute of railroad transportation, 6. The road is located in Connecticut, and will largely increase it's productiveness and influence, and add materially to it's wealth.
 As & nome investment" the bonds possess ad- ditional attractions. More confidence is felt in them. The condition of the enterprise is better understood. The location of the line, the require ments of that portion of the State through which it passes the uniform success of all well managed roads ln Connecticut, enable the investor to as- sure himself that his investment is abundantly secure
 2. The well-known character of the projectors of of the enterprise, which is 8 Guaranty ot it's ear- ly completion and successful management.
 Everything depends on the management, of an enterprise. Prudent, energetic, successful busi- ness men as directors and officials largely increase the confidence which is felt in the obligations of company. Those connected with the Ar Line Road are well known for ability and character, and we point to their management, and the results &C., complished within the past year, as guaranty for the future.
 8. The Bonds are exempt from U. s. Income tax and from state add local taxes in Connecticut. The holder of the Air Line Bonds in Connecti- cur saves in taxes. .2 per cent He also saves Income Tax. .............3 {" He receives in interest t................7 Making his investment equal one paying93 |" The average tax on securities in Connecticut is about two per cent. The payment of this tax can
 
 ! taxable. The Air Line bonds being If this class the same as governments, are by this exemption largely increased in value.
 9. They bear seven per cent interest, payable half early, May 1st and Nov 1st, in New York City.
 The interest is liberal, and will not be affected by any decline in gold Careful investors are se- lecting good currency in preference to gold bear ing bonds.
 10. They are issued either coupon or registered bonds and are in denominations of $500 5000. The large amount of securities lost and stolen nas awakened desire to obtain form of invest ment which can be rendered comparatively safe by being registered. To meet this want the Air Line bonds are prepared so that at any time they can be registered, either with or without coupons. I'll E PRICE IS PAR AND INTEREST. s The Bonds can be obtained of any Bank or Bank CT. or by sending direct to ourselves. Securities viii be received in Exchange, at their full market rate, and may be sent by express at our expense, the Bonds being returned free of charge.
 There can be no better seven per cent. bonds than those of the Air Line Railroad.-Neo York Daaly Tribune. -4s. r .-. 4 As the prospect of the opening of this new and direct route to Boston draws nearer the conf- dence of the public seems to increase in it's aavan the security offered makes the loan more accepta- ble than some others bearing higher rate of in- terest but not presenting equal attractions in the way of safety.--N. '. Commercial.
 
 offered Tn the open market for investment.-W Wall Street JOns7sdt. 0- x-
 Every condition essential to the security of the bondholders has been compiled with, and gives these bonds prominent place among the most desirable securities offered tO the public.-N, '. ObseTrer.
 It is seldom bond is offered in the market which compares so nearly with and seems 80 en- tirely to take place of Governments, as the First Mortgage bonds of the New Haven, Middletown, and Willimantic Railroad Company. We are not sur prised to learn that they are being rapidly taken for permanent investment by careful, prudent and judicious capitalists. The success of the enter. prise seems dependent upon no contingencies, and its bonds offer an unusually advantageous oppor- tunity for permanent and immediately profitable nyestment.-ChTiStiGn Union.
 It is seldom that an enterprise of so much mer- it and prospective value, is presented to the in- vesti lg public near at hand.--N. r. Fee. Maa.
 HATCH & FooTE,