, 1874-01-30
BLOOMINGTON & WEsrERr
RAILROAD

NO haVo before uB an advertisement publishod
IN London paper containing tho prospectus of q
negotiation OF 81, 900 Of por cont frst.mort
gage bonds (go1d) Of tho Indianapolis. Bloom
ington d Western Railway, tile bonds convert
1ble Of any time into capital stock Of tho Com
pany at par. Tho prico at which tho bouds aro
offered Is 'e17o for each bond Of $1,000 In gold.
Ii'la Is at the rate Of 82.8 per cont, The nroru
poc1us covers page of the paper, and Is signod
oy all tho Direotors with all their tilular addf-
tlons. At tho price the bonds aro nut On TIN
MARKET the intereet will exceed 8 por cont In
goldon tho money received therefor. Tho descrjn-
''on OF Tic road Is giyen III very ligllly-coloroa
tef1ns and tor tue beneat Of tho couutlos. tovna
and citioa that hold stock In tho road wo con.
denBe the glowing roviow OF tic mat anil s,tr-,
prosperity or tho road. We lenrn that Tho main
nue. from indianapolis to Peoria, Ia 2t2 uuilsn
long; tho oxtonalon connecting with thu
man line at Champaign rt1ns 10 Kookuk. Iowa.
400 muos, with branch to Deoatur, a5 m|lss
total length Of o1tonAlon, 217 rnilos, Aa i ooo.
solldated llne 1t IL 42u miIoa feze1uaiye of s,d.
tnss)' Tho atatomont Of tho earnings Of tho
main limo aro thus given Eur tho year ending
October, 1871, e8a7, 1so; year 1872 el,slo, 1872
year 1878, 91,659,970 aud tho working exoonsea
arc put down ut not exceeding Is nor cent of
these gros8 receipts. From these aecorta{ncd
faots 1t ts represented that the gross teceiptu ~
the ent'ro line will DO ss.15t,437 per annum
Deducting 81, 7a4 o3o, IS per cent, for working
expenses, leaves surplus earnings Of s1,419.498.
Inc annnal interest on tall tho mortgages of
tho Company, including this present one" ia
put down at Sa55,ooo, leaving net profit for
stockholders Of 1864 ,498 year. 1t ia dIstjnotv
stated that tho subscribed capital Of the Com.
pany Ia 91o.ooo,oo0, "of which 81, ,0oo 600 ia fuv
PAID up" The whole amount Of mortgage bonds
Tor tho complete road is S12, ,oou, Of which
@9'eoo,ooo havo been issued. This ADVERTISE |
ment ia for the remaining 81, 50o, 900. Tho Com.
pany declare that within tho next throe voara u
the working Of tho whole limo will ehow this re-
suit: Earnings on d2o miles. sc, 845 ooo interest
oa oohds' 1855, GOO; working expenses, $780,
soo; net profit to holders OF tho capital stock.
s2,040,76o or lover 20 per cont por annum
the time for taking this loan closed in London
IN the 10th Of January.
re havo here statement that Including thia
oan' thero are 912,oo0, 900 Of bonds outstsnl-
ng' and that @7,ooo,ooo Of capital stock has
'eon paid in full. This makes q total of s1a-
oo'ooo, or an e1ceas Of 900 per milo for
no whole 42o miloa Who tho persons arc that
otd the S7,ooo,ooo Of capital stock that is fu1tv
a'o H. peFhapa, Just ono of tho thinga that tho
'unteipal Stockholders want to know. Tie T..
i d ". Railroad Is consolidation Of the In :
annapolis Charlottesville l. Dauyil!e, tho Dam
'no orbana, bloomington l. Pekin, and tho 1
asana' Mason City, Lincoln l. Eastern Rail, 4
as6' anu the stock hold In these and in tha t
'nsolidated road by munici palities. and tha u
Mounts, is as fouows;