Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-04-22
FIRST N0RrG1GE B0NDS

Chesapeake and 0die Railroad Company.
The Chesapeake and Ohio Railroad, connecting
the Atlantic coast and tho magnificent harbors
Of the Chesapeake Bay with tho Ohio River at a
poir. of reliable navigation, and thus, with the
entire Railroa system and water transportation
Of tae great West and seutbwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINES, SO imperatiyc,y deulaa,s.. for the ae-
oomnodatiou Of the immense and rspidly grow
ing transportation between the Atlantic seaboari
and Europe on the one hand and the great pro
aucing regions of the Ohio and Mississippi Val
Ieys on the other.
TIE IMPORTANCE OF THIS ROAD as
NEW OUTLET FROM THE WEST To TIE
SEA magniaes into one ofnationaI consequence.
and insuros to it an extensive through traffic
from the day of its completion; while, N The ae-
yelOpmeut Of the extensive agricultural ana min
eraI resources Of Virginia and West-Yirginia, it
possesses. along its own Iins, The elements Of
large and profitable loc-l business.
Thus the great interests, both general aad local,
which demand the completion # the cHEsArrAsE
AND ONO RAuRoAD to the Ohio River. aGa-d
the surcst guarantee of its success and value and
RENDER IT THE MOST IMPORTANT AND
SUBSTANTIAL RAILROAD ENTERPRISE
NOW IN PROGRESS ~ THIS COUNTRY
It's superiority as an East and West route, and
the promise os an immense ANA profitable trade
awaiting its completion, have drawn to it the
attention and cooperation of prominent Capital
lists and Railroad men Of this City Of sound judg-
ment and known integrity, whose connection With
it, together with that Of eminent citizens aad bus
mess men Of Virginia and West Virginia IN
sUREs AN ENERGETIC, HONORABLE and
SUCCESSFUL MANAGEMENT
The Road is completed and in operation from
Richmond to the cciebrlJed White Sulphur
Springs Of West yirginia, 227 miles, and there
remain but 2o0 miles (uov partially oonstruetadl
to be completed, to carry it to the proposed ter
minus on the Ohio river, at, or near the mouth
ofthe Big Sandy river, I5o miles above Cincin-
matt, and $50 miles below Pittsburgh.
Lines are now projected or in progreas through
Ohio and Eeamc5y to this point, which piIioon-
meet the CHESAPEAKE AND ONO WITH
TIE ENTIRE RAILROAD SYSTEMS OF
THE WEST AND SOUTHWEST, AND WITH
THE PACIFIC RAILROAD.
Its valuable franchises and superior a-yanta-
ges viii place TIE CHEsAPEAfE AzD One Rail
RoAD CoapAyY among the richest and most
powerful and trustworthy corporations Of the
country; AND THERE EXISTS A PRESENT
VALUE, N COMPLETED ROAD AND WORK
DONE, EQUAL TO TIE ENTIRE AMOUNT
OF THE MORTGAGE
The details Of the Loan have been arranged
with special reference to tie wants of an classes
Of investors, and combine the various features oe
convenience, safety, and protection against loss
or fraud.
The Bonds are in denominations Of
$1,000, $500, aud 300.
They VIII be issued as Coupon Bonds pqya5le
10 Bearer, and may be held in that form; or
The Bond may be registered in the name Of the
owner, with the coupons remaining peyable to
bearer, attached, the principal being then trans
forable only ON the hooks Of the Company, unless
re re-assigned to beaver; or
The coupons may be detached and cancelled.
the Bond made permanent Eegtte-ld Bend,
transferable only on The books Of the Company,
and the interest made payable only to the regis
tered owner OF his attorney
The three classes viii bo known respectively as
Ist. COUPON BONDS PAYABLE 70
BEARER"
End "REGIsTERED BONDS WITH COZ
PoNs ATTACHED"
3rd. "REGIsTEBED BONDS WITH COU-
PoNs DETACHED and should be so dcsigna-
ted by Correspondents in specifying the class of
Bonds desired
They have TuIBTY YEARS to run from Jan
uaTy Is, 1870, with interest at siA per cent per
snanm from November ]. 1879, PRINCIPAL and
INTEREST PAYABLE IL GOLD IL THE
CITY OF NEW YORK.
The interest is payable in May aud November.
that it may take the place Of the earlier issues
Fire-Twenties, and suit the convenience Of our
friends who already hold Central aad Western
Pacific Bonds with interest payable in January
and July, and who may desire, in making addi
tional investments, to have their interest recciva
be at different seasons Of The year
The Loan is secured by mortgage upon the
entire Line Of Road from Richmond to the Ohio
River, with the equipment and all other properly
and apPurenances connected herewith.
A SINKING FUND OF 100000 PER AN
NUN IS PROVIDED FOR TIE RFDEMp- (
TI0N OF THE BONDS, To TAKE EFFECT !
ONE YEAR AFTER THE COMPLETION or |
THE ROAD.
Tho mortgage is for $l5,0O0,o0O Of which g.
oo0,O0o viii be reserved aud held in trust for The
redemption Of outstanding Bonds Of the Firqinia
ceHtral Railroad Company, now merged in the
CHESAPEAKE ASD OHIO.
Of the remaining $lS, geo ,0e0, a sufficient
amount win be sold to eomplets the road to she
Ohio river, perfect and improve the portion now
in operation, and thoroughly equip the whole for
large and active traiie
The present price is 90 and accrued interest
a Loan 50 amply secured, SO carefully guarded
and SO certain hereafter to command prominent /
place among the favorite securities in ths mar
kets, both Of this Country and Eugope, w.ll be at
once appreciated and quickly absorbed.
Very respectfully,
FISK Is HATCH,
Beaters
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