The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-07-26
MISCELLANEOUS.

The bonds are in denominations OF $1,000 each So
cured by first mortgage on 205 miles OF road. from
Indianapolis, the largest city and most imnortont
railroad centre in the State Of indiana, TO he cv
of Pekin in Illinois,. WY
ONE HUNDRED AND EIGHTY MILES of the
Line are now IN FULL OPERATION, and eoninn ,a
with New, FIRST-CLAsS Rolling Stock consistipg Of
% Locomotives, 20 Passenger Coaches; II Bauaooe
and Express Cars; 700 Box Stock and Coal Cars, and
will be added as the wants OF the road renura
The earnings are already Greatly in Ercess Of TIE
Interest on The Whole ISSUE Of BONDS The balance.
twenty-five miles of the division in Indiana is nearly
all graded with all the Iron on hand and w III no
completed without delay. " "
There are thirty;sx depots on the line. located in
cities and f0Wns that contain, in the aooreGaie n
population Of one hundred and nanetg ttousand.
averaging over 900 to each square mile, within a
radius Of half q mile of the track; and acithin
t,oenty miles of The track, there is Formulation oI
about sic hundred thousand. y"
1t passes through the counties of Marion. Hem
bricks, Montgomery, Fountain, Warren and Yer
Million in the State of Indiana, and yermillion.
Champaign, Dewitt, Piatt, Mclean and Tazewell
counties, in Illinois, on the line of the old emigrant
state road which was lait out in the best portion
those States before the time of railroads. was then
the main line of Western travel, and consequently
became more thckly settled than any other sections
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 Danviie on this line are extern
svely and profitablv worked, and FURNISH BUSI-
NESS FOR. OVER THREE HUNDREDS COAL
CAkS 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 $50 miles it is safe to
assume that the LOCAL BUSINESS ALONE
VIII BE AMPLE NOT ONLY TO PAY THE
B0 O. I2t BEET DEBT, BUT LARGE DIVIDENDS
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
Inc for through business not surpassed ty any road
of equal length in the West
At indianapolis it connecs by main lines with til
cities OF Columbus, Cleveland Pttsburg Cincinnati,
and with the Pennsylvania Central, Baltimore and
ONO 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
very large business will be done with this line.
At Lanvile it connects by rail with Toledo on 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 on one hundred
and eighty miles, which must necessarily be doubled
when the trains run through.
!he 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