The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-01

NATIONAL WORKS OF interIai Improvement whose In
rinsc merit and substantial character entitle them
the use of Capital and the confidence OF investors
we now offer with special confidence and satIsfac-
ion the
FIRST MORTGAGE BONDS
Chesapeake and Ohio Railroad Company.
The Chesapeake and Ohio Railroad connecting the
Atlantic coast and the magnificent harbors OF tho
Chesapeake Bay with the Ohio River at point OF re-
liable navigation and thus, with the entire Railroad
ystem and water transportation of the great West
md Southwest, forms ihe additional East
and West Trunk Line, so imperatively de-
handed for the accommodation of the immense and
rapidly growing transportation between the Attain
tic sea-board and Europe on the one hand, and the
great producing regions Of the OHIO and Mississippi
Valleys on the other.
The impsrta Of .shis Read as a new
outlet from the West 70 the sea magniAes it
into one of national consequence and nsures to 1t an
extensive through traffic from the day OF its compile
tom while, in the development Of the extensive ag
ricutural and mineral resources of Virginia and
west-virgna, 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 CHESAPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value and ron
der IL the most Impsrsans and Substantial
Railroad enterprise now in progress in
this Country.
Its superiority as an East and West route. and the
promise of an immense and profitable trade await
ing Its completion, have drawn to it the attention
and 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 Vir-
gnia and Virginia, insurcs nm energetic,
honorable, and successfal management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of Virginia, 227 miles, and there remain but
200 miles tnow partially constructed) to be compile
ted to carry it to the proposed terminus the Ohio
river at, near the mouth OF the Big Sandy river,
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected in progress through
Ohio and Kentucky to this roint which will connect
the Chesapeake and Ohio with she entire
Railroad systems Of the West and South
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND OHIO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of tho country; and
there exists present valuc, In completed
read and work demo, squal - the entire
amount of the mortgage.
The details OF the Loan have been arranged with
special reference to the wants of all classes 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 800.
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 bear
attached, the principal being then transferable
only the books of the Company, unless re-assgn-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books Of theCompany and the inter-
est made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
1ss. "Coupsn Bends payable -
Bearer.o
End. ''Resistcred Rond. with Ceupsns
aftached.o
Sd. "Resisieied Bonds with Ceupeps
detsched,' and should be so designated by cor
respondents in specifying the class of Bonds desired
They have thirty years to run.frcm January 10,
1870, with interest at six per cent per annum from
November J., ises Principal and Ita est payable In
GOLD in the City Of New York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that Of the earlier Is
Of Five-Twenties, and suit the convenience OF
our friends who already hold Central and Western
Pacific Bonds, with interest payable January and
July, and who may desire, in making additional in
vestments to have their interest receivable at differ
ent seasons of the year.
The Loan is secured by mortgage upon the en-
tire line of road from Richmond to the Ohio River
with the equipment and all other property and ap-
purtenances connected Herewith.
A Sinking Fund Of $1,000 per annuns is pro-
vid dfor the redemption Of the Bonds, 10 take esset
one year after the completion Of the road.
The mortgage is for SIS 900 oOo Of (which So 900
will be reserved and held in trust for the redemp-
ton OF outstanding Bonds of the Virginia Central
Railroad Company, now merged in the CuEsA-
PEAKE AND OHIO.
OF the remaining $4,000, 900. 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 aud
tive traffic.
The present price is 90 and accrued interest.
A Loan so amply secured, so carefully guarded,
and so certain hereafter TO command prominent
place among the Gavorite securities in the markets.
both of this country and Europe, will be at once ap-
'reciated and quickly absorbed.
Very respectfully,
FISK &c HATCH,