The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-09
CITY HVEEES.

A FAvoRITE SECUEITY.-The remarkable success
which has attended the efforts of the house of
Henry Clews X 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 America the
terminus OF the Chicago, Burlington and Quincy
Railroads.&c.. Paul and Mankato, the best lumber
and grain depos OF the land, as its terminal points;
and runs through the garden o: Cereals, the Cedar
Valley, pronounced by geologists as chemically
superior to all other lands suitable for bearing
Cereals. The axiom necessary to first-class road,
1st, That 1t begin Somewhere, e, place OF I'M
portance; %, GO somewhere; and Sd, Pass through
a fine country is therefore met
The traffic Of the road in lumber will be Immense,
carrying fr@m the st. Anthony mills In the gondOla
car when its double track Is finished, lumber for all
that great umberless region south Of the ST. Peters
river and OF the Mississippi to the slopes
OF the Colorado and Rocky Mountain peaks, and re-
turning the same track the same gondoa car,
laden with coal from the Desm0nes Valley or from
Illinois.
Like the neck OF bottle sack, this Cedar Valley
Is the only outlet for the great Northwest with it's
2OO0 0O0 900 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 mere 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 30 miles, 1t serves also
less than thirteen COnnuentS receiving ana I'M
parting trade. 1t is but continuation OF the Chi
cago Burlington and Quincy Railroad whose stock
in It's original investments is 2G0 and upwards 1t is
but a continuation of the Pennsylvania Central,
whereby q locomotive may go out OF Jersey City
over its bed track into st. Paul and beyond. The
great Southern lines now building and to be built
must pass through this sacks neck up into the
Northwest
fair estimate that every acre OF land in Iowa
could raise two hogs annually. There are over
IS, 900 Two hogs are worth $50, making
gross product OF ST. 600 600 such is the capacity
OF Iowa. smart Yankee could lease the State,
nay OF the national debt In two years. and have q
snug sum 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, IL Chicago no less
but st. LOuts entirely. When manufacturers shall
become established along this Cedar Valley receiv-
ing the iron from the North and thecotton from
the South and the coal inst at hand In the
Desmones Valley, population greater than New
England must swarm all along the route OF this
road. The men that are engaged In pushing this
road TO comp elton are for problty, power and en-
srgy unequaled. The great clearinghouse OF Henry
Clews & Co. negotiate the bonds, and so fully
ynced are they that Burlington, Cedar Rapids and
Minnesota Bond is as good as $40, 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 he opened within ten days to Cedar
Falls, giving complete connection at once. The
earnings on the portion already completed are not
far from 5000 per mile yearly and when the frag-
ments are connected by completion IL is confidently
expected the income will be doubled
such a bond, bearing interest at per cent, gold
free OF u S. tax, coupon registered, convertible
into stock, aud secured by first mortgage upon q
completed road, cannot fail TO become fayorite
with all capitalists.
All banks and banking institutions throughout
this country sell these bonds at the subscription
price OF 30 and interest in currency.