Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1896-03-21
Centralia and Chester
Railroad Company of Illinois.
First Mortgage 5 per cent.
80 Year Gold Bonds.
ISSUED JANUARY, 1882 DUE JULY, 1919.
ISSUE LIMITED TO $4,000 PER MILE.
Interest Payable january LIST and July LIST,
AT THE
Farmers Loan & Trust Co.
OF NEW YORK,
TRUSTEE.
These Bonds are payable, principal
aud interest, in GOLD.

1neSS bohoS are payable, prlnclpa
aud interest, in GOLD,
We offer limited amount of these
bonds, subject to sale at par md
accrued interest, and with each
$1,000 bond $3.50 par value OF
stock.
We do not hesitate to recommend the
above bonds for investment, and believe
there is no other security in the mar
ket absolutely as safe, that can be
bought at any such price, which
will pay the investor SO high a rate
of interest. They e not anew secu' ity,
as tue Thirteenth Coupon was paid at the
Farmers Loan and Trust Co., Trustee of the
mortgage, on the first day of January.
The Centralia s. Chester Railroad
is II standard gauge road extending from its
connection with the illinois Central Railroad
at Centraia, Ill to Evansville, Ill, with a
branch TO Rosborough, H., and is in first.
class financial and physical condition,
bonded for only $4,000 per mile of First
Mortgage per cent bonds, which first
aud only lien on the rood bed, equipment,
depots, terminal facilities, and any and all
property Of the Company.
The Road passes thu ough q thickly popu-
lated and fertile agricutur district pro.
ducing enormous crops of cereals. The
United States Government statistics show
that there We're produced in a single year in
the five counties through which this Road
passes, 3,554S9l bushels of wheat, 2,593, 99l
bushels OF corn, 2,151 1854 bushels of oats, l14,
1893 tons OF hay 1880 bushels OF potatoes,
and 1900 barrels of apples. The greater part
of the products of these Counties seek mar
being the only direct outlet to Chicago, via
the Illinois Central Railroad, and to New
Orleans and tide water, via the Mobile &
Ohio Il. r. and Mississippi River.
The entire country through which
this road passes is undertake with
coal, making the supply inexhausGi-
BILE, and large mines are now open
at CentraIia. Nashville, Coulter
vile, Sparta, Rosborough and
Schulines.
The Randolph Coke anu Coal Co.. an organ
ization with capitalization of $500, GOO, Is
now successfully operating several very
large coal mines and l02 coke ovens on the
lie of this road iii the vicinity OF Sparta
The coke business is a new and very impor
tant industry i'll this locality and is proving
of very great value as a freight producer to
the Centralia & Chester Road.
"A connection wiz be made within the next
few weeks at Salem wi h the Ohio & Miss.
issippi r. Il. (Which is the Baltimore & Ohio
SYSTEM giving a direct outlet to the East.
At Salem, a connection will also be made
with the Chicago, Paducah & Memphis X. r.,
which will give the Centrulia & Chester r, r.
another direct outlet to Chicago via the Chi.
cago, Paducah Memphis ana Wabash Rail
roaos.
The short piece of road between Evans
vile and Chester on the Mississippi River
will be completed by October Ist next. The
Railroad Cernpa ny is lust closing +
the purchase of a large block Of I
land with about one mile of frontage
ON the Mississippi River at Chester,
where the company proposes TO put |
in side tracks and build docks, rum
ming the main line into the city of |
Chester. The Company will put in side I
track to TIC Penitentiary, which will also
give the road large amount of business
from their large output of manufactured |
goods. The docks as well as the land will be |
owned and controlled by the Railroad Com
pany and covered by the first mortgage
bonds of the Railroad Company; the docks |
Will afford an opportunity to the barge tows
going up the river to drop off their empty |
barges at the docks of the Company to re
filled with coal and taken down the river
again on their return Zip from St. Louis,
thus saving abou 20 mics of ing from
Chester to st. Louis and return, all also saw.
ing charge of 81 per car, chaIgr by the
docks at East st. ouis where coal is loaded
on the barges at that point. With his con
nection made with the Mississippi River it
will give the coal miners q most direct outlet
for their products to the Cairo, Memphis and
No, C,,Ioa ,..,1-1
shippers of grain for the foreign mar
ket a cheaper and more direct connec. i
ton with ocean sportation at New L
Orleans than via any other line. /;
Since the as reement Of the Railroad Com.
pany with the Randolph Coke & Coal Co, t,
give them this outlet, ARRANGEMENTS have
been made by several Independent parties
to open up coal mines on the line of the Cen.
tralia u Chester Il. r., which will give it at
least i've times the present coal traffic.
During the last fiscal year. without the
Evansville extension or the Rosborough
branch in operation, the Company earned
not only the interest on its mortgage, over
aud above operating expenses, taxes, etc,
but small surplus the stock ana this at
time when the transportation business of
the entire country was practically paralyzed |
by the great railroad and coal strikes With .
the addition to the property of The Evans /
willie extension and the Rosborough branch |
both of which are now in operation and the /
improv ed financial and industrial situation I
throughout the country, the gross and net
earnings of the Company for the fiscal year
ending July LIST, 1886, will far exceed any
thing in the history of the road, and should |
show, in addition TO ali fixed charges and ex- |
penses, large surplus, and it is not unrea- /
sonable TO expect that by January next the 4
Company VIII begin paying regular divi- 7
dends on its stock.
From the above facts it must be evident to /
any business man that there is no risk or
speculation whatever in buying the first /
mortgage bonds of the CentraIia & Chester !
Railroad, passing as it does through an Old I
and well-populated country so itch in agri
culture and mineral resources and bonded 1
for only $4,000 per mile of first mo tgage ) (
per cent bonds, which is only about haif the /
bonded Indebtedness of any other Railroad
in that part of the country.
over 100000 of these Bonds a. now held
for investment by many of Il largest In
surance Companies, Savings Banks, and
some of the richest and most conservative
investors in the country.
GRISWOLD & GILLETT,