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

assured that, in the selection and negotiation Of
superior Railroad Loans. we are meeting a great
public want, and rendering a va,uab,s sarv,cs
both to the holders of Capital and to those great
National works Of internal improvement whose In
trnsc merit and substantial character entitle them
10 the use of Capital and the confidence OF investors
we now offer with special confidence and aatsfac-
ton the
FIRST MORTGAGE BONDS
Chesapeake and Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors Of the
Chesapeake Bay with the Ohio River at point OF re-
liable navigation, and thus, with the entire Railroad
system ind water transportation Of the great West
and Southwest, forms the additional Kass
md West Trunk Line, so imperativey de-
manded tor the accommodation of the immense and
rapidly-growing transportation between the ATTAIN
tic tea beard and Europe on the one hand, and the
great producing regions the OHIO and Mississippi
Valleys on the other.
The Importance of this Read as . new
outlet from the West to the &c. maguiaes 1t
into one of national consequence and insures to 1t an
extensive through traffic from the day OF its compile
ton hile in the development of the extensive az
ricultural and mineral resources OF Virginia and
west-virginia, it possesses along its own lne the
elements of large and profitable local business.
Thus the great interests both general and local,
which demand the completion OF the CHEnPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value, and rem
der il the most Important and: substantial
Railroad enterprise now in progress In
this Country.
Its superiority as 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 vi-
| ginia and west-virginia, insnres an energetic,
honorable, and successful 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 (now partially constructed to DO 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 Phts-
burg.
Ohio and Kentucky to this point, which will connect
the Chesapeake and Ohio with the 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
shere exists . present value, In completed
read and work done, equal to she entire
amount of the 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 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 tho
owner, with the coupons remaining payable to bear
er attached, the principal being then transferable
only on the books of the Company unless re-assisn-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made a permanent Regissered Bond, transfer
able only on the books Of thecompsny and the inter
made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
list. "Coupen Bonds payable 70
Bearer.o
2nd. s'Resisiered Bonds with Cespsns
att.ehed.~
Sd. "Resisteted Bonds wish Ceupsns
deiached,'' and should be so DESIGNATED by cor
respondents in specifying the class of Bonds desired
They have ihi,ty years to run.frcm January 10.
1870, with interest at six per cent per annum from
November 1, 1ses Principal and Inta 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
sues of Five-Twenties, and suit the convenience OF
our friends who already hold Central and Western
Pacific Bonds with interest payable in 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 APP
purtenances connected Herewith.
A Sinking Fund Of 100000 per annum Is pro-
vid for the redemption u the Bonds, to take effect
one year otter the completion Of the road
The mortgage is tor $4,000 900, of which ST. Oco, 900
will be reserved and held in trust for the redemp-
tion OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CHrsA-
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 and &C.
tive traffic.
The present price is 80 and accrued interest.
A Loan so amply secured, so carefully guarded,
and 50 certain hereafter TO command q prominent