Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-02-24

dyb tAot tuo Aoct y cdI Woo NV WV v 70
it to the business men generally OF Cali
ornia, and there is much reason to doubt
whether the present one will be better. 1t
insists, therefore, that the people must
adapt themselves to eircumstar-
laborers who have been demand
ng So day must learn to work for 81,
md the merchant who made twenty per
,ent. profit must be content with ten, or
even five.
We think this state of things and the
adversary suggestion made will apply to
the country generally.
THE CHESAPEAKE AND OHIO RAIL-
,oAD COMPANY, have their line In sue
essful operation from Richmond to the
White Sulphur Springs, West Virginia
|. distance of 227 miles-and the cash
kalue of this completed and working por-
lion of the road is estimated at at least
S15,OO0,0O0. With view to the prompt
extension of the line through to the Ohio
River, at or near the mouth of the Big
Sandy River, further stretch of about
200 miles (of which extension considera-
BILE portion has already been constructed
the Company have decided to Of
fer, through their financial agents,
Messrs. Fisk 81 Hatch, $15,000,OOO
of Thirty Year First Mortgage
Loan, protected by the pledge of their
entire road, property, franchises, &c.
through from Richmond to the Ohio
river. The mortgage will cover all the
obligations of the compay, whose out
standing Indebtedness consists of only
81, 6SS,75 in miscellaneous bonds upon
portions of the old Virginia Central Rail
road (which now forms part of the
Chesapeak and Ohio), and small OBJ.
legation to the State of Virginia, for the
payment of which provisions has already
been made in Virginia State Bonds. The
outstanding bonds of the Virginia Cen
trail road will be provided for by a reser
walton of S., 100000 of the first mortgage
loan of the Chesapeake and Ohio com
,pany; and of the remaining S13,O00,O0(
of the first mortgage loan, the company
will sell only an amount sufficient
to complete the road to the river
perfect and improve the portion now
in operation, and thoroughly equiv
The whole for the large, active, and very
> lucrative traffic which may be confidently
looked for as the inevitable consequence
Of the opening of this important Trunk
Line of communication between the sea
aboard and the Ohio River. The Bonds o
the Loan are of the denomination o
81 900, $500 and 800 respectively, anC
are issued in three different forms; l
-Coupon Bonds, payable to bearer
a Registered Bonds, with Coupons attached
land 8. Registered Bonds, with Coupon
detached, which forms are explained il
the prospectus OF the Loan which appear
on another page of this paper. Bot
principal and interest of the Loal
are made payable expressly in gol,
? coin in the City of New Yorl
, The bonds yield interest at tn
. rate of G per cent. per annum, in gold
They are offered for the present at 30 Pc
cent. and accrued interest in currency
, from November 1, 1869 Secured as tn
r oan is by an absolute lien on the entir
inc of railroad from Richmond to tn
,hio river, with its equipment and al
ther property, ana By the additions
guarantees afforded by the eminently re
, Donsible board of management and finan
dal agency of the company, includin
tie names of some of our most succesfu
hsiness men, bankers and railroad build
es. the first mortgage bonds of the Chesa
make and Ohio Railroad Company can b
commended as constituting frst-class
reliable and profitable means of invest
ment.