Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1871-01-13
II F.sIORITB sBCURITI'.

The remarkable success which has attend
ed the efforts of the house of Henry Clews
& Co. to place the Burlington, Cedar Rap
ids and Minnesota railway bonds, is due to
many causes, among which are the follow
ing:-
The road has the best initial point in
America, the terminus of the Chicago, Bur
lington & 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, pronounced by biologists as chemi-
cally superior to all other lands suitable for
bearing cereals. The axiom necessary to
first class road, LIST, That it begin some
where, /. c., place of importance; I'd, Go
somewhere; and Sd, Pass through fine
country, is therefore met.
The traffic of the road in lumber will be
immense, 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 returning over the
same track the same gondola car, laden
with coal from the Des Moines valley or
from Illinois.
Like the neck of bottle or sack, this
Cedar valley is the only outlet for the great
Northwest, with its 100000 900 acres Of the
finest wheat lands in the world, the vast
railroad system of Minnesota, the coal,
iron, copper and timber of the Saskatche-
wan, Red river and Superior regions.
The road serves more interests than any
| in the country. st. Paul being by this 40
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 de-
parting trade. 1t is but continuation of
the Chicago, Burlington * Quincy railroad,
| whose stock in its original investments is
26O and upwards. IBIS but "A continuation,
OF the Pennsylvania Central, whereby a To-
comotive may go out of Jersey City over
its bed or track into st. Paul or beyond.
| The great southern lines now building and
to be built must pass through this sacks
neck up into the northwest.
1t is a 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 a gross product of
| Sl,75O, 100000 such is the capacity of Iowa.
A smart Yankee could lease the State, pay
off the national debt in two years, and have
a snug sum left 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
railroads 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 at hand in the Dcs Moines valley, a
population greater New England must
swarm all along tho route of this road. The
men that are engaged in pushing this road
to completion are for probity, power and
energy unequalled. The great banking
house of Henry Clews & Co. negotiate the
bonds, and so fully convinced are thoy that
a Burlington, Cedar Rapids and Minnesota
bond is as good rs Il 500, that they offer to
buy back, at the price sold, all bonds pre-
vious 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 a complete connec-
ton 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 confident
ly expected the income will be doubled.
Such bond, bearing interest at per
cent gold, free from u. s. tax, coupon or
registered, convertible into stock, and Sc
cured by a first mortgage upon a completed
road, cannot fail to become tavorite with
all capitalists.
All banks and banking institutions
throughout this country sell these bonds al
the subscription price Of 90, and interest in
currency.