Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-02-08
Financial.
A DESIRABLE HOMEINVESTMENT.
SEVEN PER CENT. FIRST MORTGAGE BONDS
OF THE
CONN
Western Railroad Company.

OFTICERs.
Hon. WIN. II. BARNuM, President, Lime Rock, Ct
GEO. NJ. BARTHOLOMEW, Vice Pres, Hartford, Ct
wNG G. coz Secretary, winstcd Ct
WA. L. GILBERT, Treasurer. West Wlnsted, Ct
Directors.
Hon. VIM. H. Bamum, VIM. L. Gilbert,
Ex Gov. A. II. lIawley James Goodwin,
George Il. Brown, George NJ Bartholomew,
Frederick Watson, James L. Howard,
7. Butler George W. Moore,
George Dudley, n. b. Stevens,
Byron Loomis
THE ROAD Is SIXTY-EIGHT MILES LONG, run
ming through Hartford and Lichheld countless having
its Eastern terminus III the City of Hart ord where
connects with Railways already constructed, extending
North, East, and South, and with Connecticut River
Boats.
Its Western terminus is at Nillerton Station, on the
Harlem Railroad, by which road through connection Is
secured to New York an Albany and at the latter point
to the West by the New York Central Railroad.
At Siillcron it connects with the Duchess and Co
umba, and the POughkeepsie and Eastern Railroads.
the former terminating at Flshkil where it connects
with the Erie and Hudson River Railroads. and the North
River Boats, and the latter terminating at the growing
ana enterprlsing city Of Poughkeepse.
II will also connect with the Connecticut and Rondout
Railroad be built thus securing direct
eaon with the Eastern Depot of the Delaware and Hud
Canal Company, and the Rondout and 0swego, and
Midland Railroads.
Immediate connections are made with the New Haven
and Northampton Railroad at Simsbury, and its New
Hartford Branch at Collinsve and New Hartford, the
Naugatuck Railroad at Wnsted and the Housatonic
Railroad at Canaan
The villages through which it passes many of which
largely in he manufacture of heavy iron goods, are
Bloomfield, Tarfville Smsbury Clinton Collinsville,
Pine Meadow New Hartford, Wlnsted, Norfolk, West
Norfolk East Canaan, Canaan, Chapinvie, Salisbury,
and Lakcvile
1T holds the eligible ground for the East and West
Road between the Sound and the Western Railroad of
Massachusetts, and by of the physical character
of the country must control large local and through
business beyond the reach of competition.
Its central position, direcness, and connections with
the network of roads West from the Hudson River,
well those leading Boston other points East and
North must inevitably make it the main for pas
senger travel East and West.
It's relghting business can hardly be estimated. The
pOpuloUs country which it will be directly de
pendent upon it or supplies Of Lumber Grain, Cattle,
Breadstus and Coal, hitherto obtained by most crcui-
tOus and expensive routes.
Its connections with the coal fields short and di
rect reaching, does the depots of the grea coal
companies to wit, the Pennsylvania Coal Company at
Newburgh, and the Delaware and Hudson Canal Com
pany Ron OUT enabling the company not only to sup
ply the large demand for along the line of its
road but that of connecting roads North and East In
dec believed by those who have carefully invesd
gated the subject, that these two coal companies will
supply larger amount of tonnage than can be trans
ported over single track road.
The cement from Hudson, the immense iron interests
of Salisbury, the lime and marble Of Canaan and the
heavier manufacturing interests of Colinsvills, New
Hartford and Wins en- guarantee large, profitable, and
increasing fregh' business
The estimated cost of gra ing masonry and bridges,
ready for the ack is S5O0 OOO the correctness of which
estimate is fully JUSTIFIED upon careful revision after
the completion of more than uur-hfths of the work.
The capital stock, already subscribed nearly every
dollar of which is owned along the road is 81 600 Its
management is in the han OF board of di ectors ly-
ing upon it, line ana its interests watched and cared
| for with unusual vigilance.
The bonds issued in denominations of $500 and
$1,000 with coupons bearing per cent interest," and
at the option Of the holder be registered in the oc
of the company, thereby securing safety in of rob
| berry or loss.
The coupons payable July and January, at the Me
| tropolitan National Bank New York
| The Bonds absolutely safe being secured by a
Mortgage of all the Property Right and Franchises OF
The Company the Treasurer the State of Connect
in for the holders and their exemption from all
taXat makes them equal to taxable securities paying
| nine and ten per cent
| HOW TO GET THEM. Your nearest Bank or Banker
will supply these Bonds in any desired amount Persons
wishing 10 exchange other securities for these will b,
| low Il the highest market price.
The total issues OF Bonds exceed two-thirds the
amount actually expended in the construction of thu
road. Coupons paid at our office.