The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1872-09-20
THE New York World, of August 2sth,

THE New York World, of August 29th,
in its financial article, says
"A glance at a railway map will show run
ming from indianapolis through Illinois and
Western Nebraska one of the most direct and
well-conceivcd systems of railroads in this
country. This long, continuous line is
formed Ivy the indianapolis, Bloomington
and Western, the Missouri, Iowa and Me-
brask2, and the Midland Pacific Railways
The Indianapolis, Bloomington and Western
commences at indianapolis, runs westw ard
to Champaign, and thence te Pekin, in Illi-
nois. From Champaign Il direct extension
line is now being constructed to keokuk, on
the Mississippi, where it will join the Mis-
souri,, Iowa and Nebraska making a total
length of 40 miles. The latter road runs in
an almost straight line from krokuk partly
through the State of Missouri and partly
thrOughtIO Iowa to it's western boundary ut Ne
braska City, on the Mississippi River. II dis
tanCo OF 2SU miles. Here ii joins the Midland
Pacific Railway, running through the State
OF Nebraska from it's eastern terminus at
Nebraska City through of the richest
and most populous SECTIONS Of that thrift V
State to q junction with the l. Union Pacific at
Kearny, thus forming a new route 10 San
Francisco shorter by about $50 miles than
any existing route of connected line. l'ecu-
lArly situated, IL j., the Indianapulis
bloomington and Western extension now in
course of construction, must prove of con-
siderable Importance. Coming in contact at
indianapolis with the great traffic of the At
lantic seaboard, which converges there. thro'
the PennSy lania Central, the Baltimore and
Ohio, the Bellefontaine, the Lake Shore and
New York Central Railroads. il forms the
direct cpnnecting link with all the traffic
from the Pacific coast, through the Missouri
Iowa aud Nebraska and the. Midland Parifi,.
Railroads. In addition To this, the Peoria
and Rock Island-90 miles in length-and
the Davenport and 81. Taul-3OO nileS-act
~ tributaries To il, and these Saps.r;ll roads
although separate corporations, are all con-
trclled in the interest Of the indianapolis
bloomington and Western Railway which
Possesses the further great advantage of hay
ing no parallel competing line. The portion
of the country through which il passes il
one of unsurpassed fertility, with an enter
PriSing population of nearly thrce-quarters
OF million and a property valuation of
Si00,000,0O0. Although completed only in
1870, this road has already grown into = veal
thy and successful corporation, with a large
revenue from its constantly increasing bust
ness
W. \. COler & Co., bankers. No. %
Nassau street, New York. advertise the
bonds Of the above road in another column
Of our paper, and parties having money TO
invest had better write them for circulars
and information. They also advertis G
municipal bonds, which are issued by viz
tue Of the State Constitutions granting the
Legislatures the right to enact laws author
iZing eifies, counties and towns to issue Sc
curitics in accordance with such laws for
certain internal improvements. and when
50 issued there IL no power that can legally
defeat them. States may repudiate mu-
nicipals cannot. The bonds are n first lien
upon all the property of the municipality.
Sirewd, far-seeing investors are changing
their Government and other securities into
these desirable bonds.