Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1896-03-19
Farmers Loan & Trust Co.
of New York. TRIrSTEE.

principal and interest, IN GOLO
We oTsr "A limited amount of these bon
subj ect to sale Mt par and accrued Interest.
aud with each $1,000 bond S25o par value
OF stock.
we do not hesitate to recommend the
above bonds for Investment and believe
there is no other security in the marke
absolutely as safe, th-i can be bought a
any such price, which will pay the investor
so high rate of interest. They are not
new security, as the Thirteenth Coupon
was paid at the Farmers Loan and Trus
Co., Trustee of the mortgage, on the frs
day of January.
The Centralia and Chester Railroad Is
standard-gauge road extending from It's
connection with the Illinois Central Rail
road at Centralia ILL.,, to Evansville, Ill.
with branch to Rosborough, H., and ID
in first class financial and physical condiI
ton, bonded for only $4,000 per mile Of
First Mortgage per cent bonds, which ard
a first and only lien on the road bed
equipment, depots, terminal facilities, am
any and all property of the company.
The road passes through thickly popu
lated and fertile agricultural district pro
ducing enormous crops of cereals. Thu
United States Government statistics show
that there were produced in a single yea
in the five counties through which thi1
road passes, 3,j5i, sol bushels of wheat
?, sos, 99l bushels of corn, 2,75l, 1864 bushels o
oats, lli,HJ0 TONS Oh nay, lfl,DJU DuSnelS o
potatoes, and 5000 barrels of apples. Th&
greater part of the products of these coun
ties seek a market over the Centralia and
Chester Railroad, 1t being the only direc
outlet to Chicago, via. the Illinois Cen
trail Railroad, and to New Orleans and
tide water via. the Mobile and Ohio r. r.
and Mississippi River.
The entire country through which thi!
road passes is underlaid with coal. max
ing the supply inexhaustible. and Largo
mines are now open at Centralia, Nash
vile, Couterville Sparta, RosborougnI
and Schulines.
The Randolph Coke and Coal Co. an or
ganizntion with capitalization of $500 0O0
is now successfully operating several yer.
large coal mines and 102 coke ovens on thu
line of this road in the vicinity of Sparta
! The coke business is a new and very in
portant industry in this locality and Il
proving of very great value as freigh
producer to the Centralia and Chestey
road.
A connection will be made within T.:
/ next few weeks at Salem with the Ohi{
and Mississippi r. r. (Which Is the Bal
timore and Ohio SYSTEM giving a direc
outlet to the East. At Salem, Il connecI
! ton will also be made with the Chicago
Paducah and Memphis r. r., which viii
give the Centralia and Chester r. n
another direct outlet to Chicago via. tn
| Chicago, Paducah and Memphis ana Wa
! bash railroads
The short piece OF road between Evans
vile and Chester on the Mississippi rive
will be completed by October LIST mex
THE RAILROAD COMPANY IS JUS
CLOSING THE PURCHASE OF
LARGE BLOCK OF LAND WITH
ABOUT ONE-HALF MILE OF 'FRONT.'
AGE ON THE MISSISSIPPI RIVER A |
CHESTER. WHERE THE COMPAN
PROPOSES TO PUT IN SIDE TRACK
Il n nnCKG
MAIN LINE INTO THE CITY OF CHEs1
TER. The company will put in a sid
track to the Penitentiary, which will ais
give the road a large amount of businesI
from their large output of manufacturer
goods. The docks as well as the land vii
be owned and controlled by the Railroay
Company, and covered by the first mort
gage bonds of the Railroad Company; III
docks will afford an opportunity to tn
barge lows going up the river to drol
off their empty barges at the docks of II
Company, to be filled with coal and take
down the river again on their return tril
from ST. Louis, thus saving about POO mile
. OF towing from Chester to ST. Louis AM
return and also saving charge of |
per ear. charged by the docks at East 81
Louis, where coal is loaded on the barge|
at that point With this connection mad
with the Mississippi River. it will giV
the coal miners a most direct outlet I'D
their products to the Cairo. Memphis AM
New Orleans markets. and give to Il |
shippers of grain for the foreign mark |
a cheaper and more direct connection wit|
ocean TRANSPORTATION at New OrlenaS thai
via. any other line.
Since the agreement OF the Railroa.
Company with the Randolph Coke an
Coal Co.. to give them this outlet, ARRANGE
ments have been made by several ind |
pendent parties to open up coal mines d
the line of the Centraia and Chester r. ri
which will give 1t at least five times til
present coal traffic.
During the last fiscal year, without til
Evansville extension or the RosboroueN
branch in operation the Company earne
not only the interest on its mortgage, ovd
and above operating expenses, taxes, etc
but small surplus on the stock, and tn |
at a time when the transportation busine
of the entire country was practically pal
, alyzed by the great railroad and cod
| strikes. With the addition to the pro}
erty of the Evansville extension and III
Roshorough branch, both of which are mol
in operation, and the improved flnanc}
and industrial situation throughout III
> country, the gross and net earnings \
the Company for the fiscal year endirj
July list, 1896, will far exceed anything
the history of the road, and should shoy
in addition to all fixed charges and q
pcnses, a large surplus, and it is not u
\ reasonable to expect that by January ne3
the Company will begin paying regulj
| dividends on It's stock.
From the above facts 1t must be evI
dent to any business man that there
no risk or speculation whatever in buyiij
the first mortgage bonds of the Central
> and Chester Railroad. passing as It do(
! through an old and well-populated count
so rich in agricultural and mineral RI
sources, and bonded for only 81. 900 p{
mile of first mortgage 5 per cent bond
which is only about half the bonded II
, debtedness of any other railroad in th}
part of the country.
over 100000 of these bonds are MOI
held for investment by many of the largeI
Insurance Companies, Savings Banks al
} some of the richest and most conservatit
investors in the country.
s GRISWOLD & GILLETq