Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-03-03

The Chesapeake and Ohio Railroad, connecting
the Atlantic coast and the magnificent harbors OF
the Chesapeake Bay with the Ohio River at
point of reliable navigation, and thus, with the
entire Railroad system and water trans ortation
of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINE, so imperatively demanded for the accom-
mediation of the immense and rapidly growing
transportation between the Atlantic seaboard
and Europe on the one hand, and the great pro-
ducing regions Of the Ohio and Mississippi VAL
leys on they other. ..x
The Importance of this Road as a new outlet
from the West 20 the sea magnifes it into one of
national consequence, and insures to it an extern
sive through traffic from the day of its compile
ton while, in the development of the extensive
agricultural and mineral resources of Virginia
and West-virginia, it Possesses, along its own
line, the elements of large and profitable local
business.
Thus the great interests, both general and To-
cal, which demand the completion of the Chesa.
peake and Ohio Railroad to the Ohio River, af-
ford the surest guarantee of its success and value
and render it The most important and substantial
Railroad enterprise now in progress in this conn
try.
Its superiority as East and West route, and
the promise of an immense and profitable trade
awaiting its completion, have drawn to it the at
tention and cooperation of prominent Capitalists
ana Railroad men of this City of sound judg-
ment and known integrity, whose connection
-
and business men of Virginia and Virginia,
insures an energetic, honorable and successful
management.
The Road IS completed and in operation from
Richmond to the celebrated White Sulphur
Springs OF West-Virginia, 227 miles, and there
remain but 200 miles now partially constructed)
to be completed, to carry it to the proposed ter
minus on the Ohio river at or near, the mouth of
the Big Sandy river, $50 miles above Cincinnati,
and $50 miles below Pittsburg.
Lines are now projected or in progress through
Ohio and Kentucky to this point, which will con-
meet the Chesapeake and Ohio with the entire
Railroad systems of the West and Southwest,
and with the Pacific Railroad.
Its valuable franchises and superior adyanta-
ges will place the Chesapeake and Ohio Railroad
Company among the richest and most powerful
and trustworthy corporations of the country
and there exists a present value, in completed
road and work done, equal to the entire amount
Of the mortgage.
i
with special reference to the wants of all classes
of investors, and combine the various features of
convenience, safety, and protection against loss
or fraud ..ra.-
The Bonds are in denominations of
$1,000. $500 and 500.
They will be issued as Coupon Bonds, payable
to Bearer, and may be held in that form or
The Bond may be registered in the name of the
owner, with the coupons remaining payable to
bearer attached, the principal being then trans
ferable only on the books of the Company, unless
re-assigned to bearer; or
The coupons may be detached and cancelled,
the Bond made a permanent Registered Bond,
transferable only on the books of the Company,
and the interest made payable only to the regis
tered owner or his attorney.
The three classes will be known respectively as:
list Coupon Bonds payable to bearer"
%. "Rtgistered Bonds with Coupons attached"
Sd. "Registered Bonds with Coupons detached"
and should be go designated by Correspondents in
specifying he class OF Bonds desired.
They have Thirty years TO run from January
Is, 1879, with interest at six per cent per snnum
from November |, 1869. Principal and interest
pay able III Gold in me city of New York.
The interest is payable in May and November,
that il m,y take the place of that of the earlier
issues of Five-Twenties and suit the convenience
OF our ult1lus VINO dHttly nol'i tHIfdl aIld
western Pacific Boz, 8, with in e, est payable i'll
January and July, and who may desire, in max
ing additional Investments, to have their interest
receivable at d iff-rent seasons of thu year.
The Loan is secm'd by mortgage up the
entire ire ut Road from Richmond TO the chic
River, with the equipment and all other property
and a6
h A Sinking Fund OF 90 coo per annum is pro-
vided for the redemption of the Bonds, to take
effect one year after the completion OF the Road
The NOR gage is for SIS, 900 ,0C0, nt which a.
900 900 will be reserved an, he'd III trus' for the
rede mpton OF outstanding Bonds OF the Virginia
Central Railroad Company, now merged in the
Chesapeake and Ohio. t. .
OF the remaining sl3, 900 900, a sufficient
amount will be sold TO complete the road to the
Ohio river perfect and improve the portion now
in operation, and thoroughly equip the whole for
large and active traffic. F..+,....sss ,,s sss
The present price is 80 and accrued interest
A Loan SO amply secured, SO carefully guarded,
and go certain hereafter to command a promi-
nent place among the favefite securities in the
markets, both of this Country and Europe will
be at once appreciated and quickly absorbed.
Very respectfully, ag e I
fs ssF FISK HATCH, a.
porLo,.