The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-28
MISCELLANEOUS.
Office of FISK & HATCH,


MENT SECURITIES.
No. 5NAssAU TREET, NEw-YoRK.
February 10Th, 1870.
The remarkable success, which attended our nego-
tiation of the Loans of the CENTRAL PACIFIC RAIL-
ROAD COMPANY and the WESTERN PACIFIC RAIL
ROAD COMPANY, and the popularity and or
which these Loans haze maintained in the markets.
both in this country and Europe, have shown tina
the FIRST Mortgage Bonds OF wiseIy-ocated and hon.
orably. managed Railroads are promptly recognized
and readily taken the most suitable safe and ad-
vantageous form of investment, yielding more lib
s'A' income than can hereafter be derived from
government Bonds, and available to take their
place.
Assured 'hat' In the selection and negotiation Of
superior Railroad Loans, We are meeting a great
public want, and rendering a valuable service
both to the holders of Capital and to those great
National works Of internal improvement whose In
trinsc merit and substantial character entitle them
to the of Capital and the confidence OF investors
we now offer with special confidence and iatisfac-
tion the
FIRST MORTGAGE BONDS
Chesapeake sad Ohio Railroad Company.
The Chesapeake and OAio Railroad, connecting the
Atlantic coast and the magnificent harbors of
Chesapeake Bay with the Obi, River at point OF
liable navigation, and thus, with the entire Railroad
system nd water transportation of the great West
and Southwest, form. the additional East
and West Trunk Line. so imperatively de-
manded tor the accommodation of the immense and
rapidly-growing transportation between the Attain
tic sea-bcard and Europe on the one hand, and the
great producing regions of the OHIO and Mississippi
Valleys on the other.
The imps rfnnce of this Road as n new
outlet from the West to the seq magniaes 1t
into one of national and insures to an
extensive through traffic from the dav OF its compile
tom while, in the development OF the extensive sg-
ricultuIal and mineral resources OF virginia and
wsst-virgina, it possesses, along its own line, the
elements of large and profitable local business.
Thus the great interests, both general and local
which demand the completion of the CHEnr EAKR
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value, and rem
der if the most important and substantial
Railroad enterprise now In progress I'm
this Country.
Its superiority as East and West route. and the
promise Of an immense and profitable trade await
ing lis completion have drawn to it the attention
aud cooperation of prominent Capitalists and Rail-
road men OF this City OF sound judgment and known
integrity, whose connection with It, together with
that of eminent citizens and business men Of Viz
ginia and west-virgina, insures mn energetic,
honorable, and succes.fal mana cement.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF west-vrsnia, 227 miles. aud there remain but
200 miles tnow partially constructed) to be compile
ted to carry it to the proposed terminus on the Ohio
river at, or near the mouth OF the Big Sandy river
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected or In progress through
Ohio and Kentucky to tins point. which will connect
the Chesapeake and Ohio - iih the entire
RailVesd syssems OF the West and Ssush-
west and with the Pacific RaiIread.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND ONO RAILROAD
xPANY among the richest and most powerful and
trustworthy corporations Of the country; and
there exists . present value, In cemple,ed
read aud work done, equal TO The entire
amount Of ihc mortgage.
The details OF the Loan have been arranged with
special reference to the wants of all classes Of invest
ors and combine the various features OF convenience
safety and protection against loss or fraud
The Bonds are in denominations OF
$1,000, $500, and $780,
They will DO issued as COUPON Bosps, 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 bear
er attached, the principal being then transferable
only on the books Of the Company unless rsassign-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books of hecompany and the inter-
est made payable only to the registered owner or his
attorney.
| Three classes will be known respectively as:
| 1't "Coupon Bonds payable 20
Bearer.o
t2nd. 'Resisiercd Bonds with Coupons
niiached.o
cue nesfsteted Bonds with Coupons
de'ached," and should be SO designated by cor
respondents in specifying the class OF Bonds desired
They have thiity years to run from January 15,
1870, with interest at six per cent per annum from
November 1872 Principa, and Int, est payable In
GOLD in the City Of Nep York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that OF the earlier is
sues Of Five Twenties, and suit the convenience or
our frieods who already hold Central and Western
Pacific Bonds. with interest payable in January and
July, and who may desire, in making additional IN.
vesmens, to have their interest receivable at differ
emit seasons of the year.