Litchfield enquirer., 1870-07-14
NEW HAVEN, MIDDLETOWN AMI
 WILLlMANTIC RAILROAD CO.,,
AND PROFITABLE


 form of investment on the market. 1.-They are secured by first 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. The road will be 52 miles in length, running be- i tween New Haven and Wilmantic, and will be the connecting link between roads already established forming route almost straight from one city to the other, effecting 8 saving of from fifteen to twenty per cent in the distance. 3. One half of the road is about completed, and 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
 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 guaranty that the property cov- cred by the mortgage will be held secure for their protection.
 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 traverses 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 its productiveness and influence, and add materially to it's wealth.
 AS ''home 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 m ta 0f of 0f hA Stafn vuh it passes, the uniform success of all well managed roads in Connecticut, enable the investor to as- sure himself that his investment is abundantly secure. 8<# 3& # & E .
 2. The we'll known character of the projectors of of the enterprise, which is Guaranty of 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 Air 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- He also saves Income Tax. He receives in interest. ................7 Making his investment equal one paying9a '' MThe average tax on securities in Connecticut is about two per cent The payment of this tax can- not be avoided except by holding securities not taxable. The Air Line bonds being Cf this class the same as governme ents, are by this exemption largely increased in value.
 g. They bear seven per cent interest," payable half yearly, 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. .-,ts E...
 10. They are issued either coupon or registered bonds and are in denominations of $500 & 5000. has 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 80 that at any time they can be registered, either with or without coupons.