The Portland daily press., 1871-01-11
A Favorable Security.

The remarkable success which has attend
ed the efforts of the house of Henry Clews &
Co., to place the Burlington, Cedar Rapids and
Minnesota Railway Bonds, is due to many
causes, among which are the following:
The road has the best initial point in Amer
lea, the terminus of the Chicago, Burlington
and Quincy railroads.&c.. Paul and Mankato.
the best lumber and grain depots in the land.
as its terminal points; and runs through the
garden of Cereals, the Cedar Valley, pio-
nounced by geologsts as chemically superior
to all other lands suitable for bearing Cereals.
The axiom necessary to first class road, Isl,
That 1t begin soneUhere i. e. a place of im-
portance; I'd. Go some,chere; and, Sd. Pass
through fine country, is therefore met.
The traffic of the road in lumber will be i'm
mense, carrying from the ST. Anthony mills
in the gondola car, when its double track is
finished, lumber for all that great lumberless
region south of the st. Peters river and west
OF the Mississippi, even to the slopes of the
Colorado and Rocky Mountain peaks, and re-
turning over the same track the same goudo-
la car, laden with coal from the Desmoines
Valley or from Illinois.
Like the neck of bottle or sack, this Cedar
Valley is the only outlet for the great North
west, with its 2,0O0,O00O0O acres OF the finest
wheat lands in the world, the vast railroad
system OF Minnesota, the coal, iron, copper
and timber of the Saskatchewan, Red River
and Superior regions.
The road serves more interests than any in
the country. st. Paul being by this 45 miles,
nearer to Chicago, than by any other route
and the distance to st. Louis being lessened
80 miles. 1t serves also no less than thirteen
continents receiving and imparting trade. 1t
is but a continuation of the Chicago, Burling-
ton and Quincy Railroad, whose stock in its
original investments is 260 and upwards. 1t
is but continuation of the Pennsy lvauia
Central, whereby locomotive may go out of
Jersey City over its bed or track in to st. Paul
and beyond. The great Southern lines now
building and to be built, must pass through
this sacks neck up into the North west
1t is fair estimate that every acre OF land
in Iowa could raise two hogs annually. There
are over 100000 acres. Two hogs are
worth $50,-making gross product of ST.
100000 OOO-such is the capacity of Iowa. A
smart Yankee could lease the State, pay off
the National Debt in two years and have
snug sum for his trouble. Now this road belts
this State across the middle. 1t is in fact the
pride OF the State, since, instead OF serving
Chicago only as all other Iowa roads do, it
serves Chicago no less, but st. Louis entirely.
When manufacturers shall become established
along this Cedar Valley, receiving the iron
from the North and the cotton from the
South, and the coal just ut hand 10 the Des-
mOlneS Valley, pOpuiatiou Siedlcr tndu new
England must swarm all along the route of
this road. The men that are engaged in
pushing this road to completion Iare for pro-
bity, power and energy unequalled. The
great banking house OF Henry Clews & Co.,
negotiate the bonds, and so fully convinced
are they that Burlington, Cedar Rapids and
Minnesota Bond is as good as 5-20, that they
ofer to buy back, at the price sold, all bonds
previous to the placing of these bonds upon
the stock board, thus making market now
for the bonds.
The road will be opened within ten days to
Cedar Falls, giving complete connection at
once The earnings on the portion already
completed are not far from $4,000 per mile
yearly, and when the fragments are connected
by completion it is confidently expected the
income will be doubled.
Such bond, bearing interest at per cent.
gold free of U. S. tax, coupon or registered,
convertible into stock, and secured by first
mortgage upon a completed road, cannot fail
to become favorite with all capitalists.
All Banks and Banking institutions through
out this country sell these bonds, at the sub
scription price OF 80, and interest in currency