Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-04-15
FIRST MORTGAGE BONDS
oF THE
Chesapeake and Ohio Railroad Company

OF THE
Chesapeake and Ohio Railroad Company
The Chesapeake ana Ohio Railroad, connecting
the Atlantic coast and the magnificent harbors
Of the Chesapeake Bay with the Ohio River at a
point Of reliable navigation, and thus, with the
entire Railroa system and rsater transportation
of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINES, so imperatiyely demanded for the ao-
commodation Of the immense and rapidly-grow-
ing transportation between the Atlantic seaboard
and Europe on the one hand, and the great pro
dueing regions of the Ohio and Mississippi VAL
| leys on the other.
TIE IMPORTANCE OF THIS ROAD AS
NEW OUTLET FROM THE WEST TO THE
SEA magniaes it into one of Irrational consequence.
and insures to it an extensive through traffic
from the day Of its completion; while, in the de-
velopment ofthe extensive agricultural and min
eral resources Of Virginia and West-virginia, it
possesses, along its own line, the elements Of a
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
RENDER IT THE MOST IMPORTANT AND
! SUBSTANTIAL RAILROAD ENTERPRISE
NOW IN PROGRESS IN THIS COUNTRY.
It's superiority an East and West route, and
the promise Of an immense aud profitable trade
awaiting its completion, have drawn to it the
attention and cooperation of prominent Capital
lists and Railroad men of this City Of sound judg
ment and known integrity, whose connection with
it, together with that of eminent citizens and bus
iness men of Virginia and West Virginia, IN.
sUREs 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 2OO miles tnow 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 Cincin-
matt, aud $50 miles below Pittsburgh.
Lines are now projected or in progress through
Ohio and Kentucky to this point, which win con-
meet the CHESAPEAKE AND OHIO WITH
THE ENTIRE RAILROAD SYSTEMS OF
THE WEST AND SOUTHWEST, AND WITH
THE PACIFIC RAILROAD.
It's valuable franchises and superior advanta- /
ges win place the CHESAPEAKE AND oHIo Ran /
Roam COMPANY among the richest and most
powerful and trustworthy corporations Of the I
eountry AND THERE EXISTS A PRESENT /
VALUE, IN COMPLETED ROAD AND WORK /
DONE, EQUAL TO THE ENTIRE AMOUNT
OF THE MORTGAGE.
The details of the Loan have been arranged
with special reference to the wants Of all casse,
of investors, and combine the various featured Of
convenience, safety, and protection against loss
or fraud
The Bonds are in denominations Of
$1,000, $500, and 500.
They VIII be issued as Coupon Bonds, PAYABLE
to Bearer, and may be held in that form: or
The Bond may be registered in the name oftbs
owner, with the coupons remaining payable to
bearer, attached the principal being then trans
ferable only on the books sf the Company, unless
re-assigned to bearer; or
The coupons may be detached and cancelled
the Bond made 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 viii be known respectively as
Ist. COUPON BONDS PAYABLE TO
BEARER"
End REGISTERED BONDS WITH CoU-
PONS ATTACHED" 10
Bird. "REGIsTERED BONDS WITH CoU-
PoNs DETACHED" and should be so dcsiepa-
ted by Correspondents in specifying the class Of
Bonds desired
They have THIRTY YEARS to run from jan
uary u, 1870, with interest at six Der cent per
annum from November ], 1879, PRINCIPAL and
INTEREST PAYABLE IN GOLD IN THE ,
CITY OF NEW YORK.
The interest is payable in May and Noyonber
that it may take the place Of the earlier sspes Of
tive-Iwenties, and suit the convenience Of our !
friends who already hold Central and Western t
Pacific Bonds, with interest payable in January I
and July, and who may desire, in making addi
ional investments to have their ir terest receivs
bic at different seasons of the year.
The Loan is secured by a mortgage upop the
entire Line Of Road from Richmond to the Ohio
River, with the equipment and all other property
ind apPur'enanees connected Herewith. r.
SINKING FUND OF 100000 PER AN
NUN IS PROVIDED FOR THE RFpENp 4
ZION OF THE BONDS, TO TAKE RFFEcr
)NE. YEAR AFTER THE coMPLETIoN OF [
rIIE ROAD.
The mortgage is Tor SI5,0OO,00O of which 81
100000 will be reserved aud held in trust for tho
Of outstanding Bonds of the Tiroip;a
1eAHrai Railroad Company, now merged in The
'HEsAPEARE ASD ONO.
Of the remaining $4,000, 600, a sufficient
mount win be sold to complete the road to the
'hio river, perfect and improve the portion now
n operation, and thoroughly equip the whole for
large and active traffic
The present price is 30 and accrued interest
a Loan 80 amply secured, SO carefully guarded
nd SO certain hereafter to command prominent =
lace among the favorite securities in the mar Il
ets, both Of inis Country and Europe, viii he a.
nee appreeia.ed and quickly absorbed.
Very respectfully, Al
FISK 8 HATCH,