The Portland daily press., 1870-07-16
MISCELLANEOUS.
INDIANAPOLIS.
BLOOMINGTON
Western Railway.
Seven Per Cent. Gold Loan

The bonds are in denominations of 1000 each Sc
cured by first mortgage on 205 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. 10y
ONE HU MIXED AND EIGHTY MILES of the
Line are now IN FULL OPERATION, and confined
with New, FIRsT-CLAss Rolling Stock consisting nj
20 Locomotives, % Passenger Coaches; IL BAGGAGE
and Express Cars $50 BOX. Stock and Coal Cars and
more will De added as the wants the road reonire
The earnings are already Greatly in Ercess Of the
Interest on the Whole issue Of BONDS The balance.
twenty-five miles OF the division n Indiana is nearly
all graded. with all the Iron on hand and will no
completed without delay.
There are thrty-six depots the line. located in
cities and fovns that contain. IN the aggregate, a
population Of one hundred and atnety tousand.
averaging over 800 to each square mile, within 4
radius OF hat a mile OF the track; and acithin
about sic hundred thousand. "
1t passes through the counties of Marion, Hen
bricks, Montgomery, Fountain, Warren and Yer
million, in the State of Indiana, and yermilion,
Champaign. Dewitt, Piatt, Mclean and TazeweIj
Counties in Illinois, on the line of the old emigrant
state road W hch was laid out in the best portion OF
those States before the time Of railroads. was then
the main line of Western travel, and consequently
became more 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 to the interest is very extensive
The coal mines at Danvile on this line are extern
slysIy and probably 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 on 1870 miles it is safe to
assume that the LOCAL BUSINESS ALONE
VIII 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 Tor through business not passed by any road
of equal length in the West
lie
cities OF Columbus, Cleveland, Pittsburg, Cincinnati
and with the Pennsylvania Central, Baltimore and
Ohio and other important railroad lines. At Pekn,
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.
very large business will be done with this line.
At Janvile it connects by rail with Toledo on lake
Erie. map will show all these to be very mpor-
tant connections in making through lines oyer 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 Company if desired.