The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-03-07
FIRST MORTGAGE BONDS
or THE
Chesapeake and Ohio Railroad Co.

1F6Sdp6dk6 anu UnlO hallI0au 10.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF tho
Chesapeake Bay with the Ohio River at a point ef
reliable navigation, and thus with the entire Rai
road system and water transportation OF the great
West and Southwest, FORMS THE ADDITIoNAI
EAST AND WEST TRUNK LINE 30 imperatiye,g
demanded for the accommodation OF the immense
and rapidly growing transportation between the
Atlantic seaboard and Europe on the one hand and
the great producing regions OF the Ohio and Missis
sippi Valleys on the other.
THE IMPORTANCE OF THIS ROAD AS A NEW
OUTLET FROM THE WEST TO THE SEA mag
nihes II into one OF national consequence ana In
sures to 1t an extensive through traic from the day
OF its completion; while, In the development OF the
extensive agricultural and mineral resources OF Viz
gnia and West Virginia it possesses along II ow~
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 OHIO RAILROAD to the Ohio river afford the
surest guarantee OF its success and value and REM
DER IT THE MOST IMP ORTANT AND SUBSTAN-
TlAL RAILROAD ENTERPRISE NOW IN PRO-
GRESS 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 1t the attention
and cooperation OF prominent Capitalists and Rail-
road men OF this City, OF sound judgment and known
lt,tO together
that OF eminent citizens and business men of Vr-
giHia and West Virginia, INSURES AN ENER-
| GETIC, HONORABLE, AND SUCCESSFUL. MAN
| AGEMENT.
| The Road is completed and in operation from
| Richmond to the celebrated White Sulphur SPRINGS
OF West Virginia, 22I miles and there remain but zoe
miles (now partially constructed) to be completed
| to carry 1t to the proposed terminus on the Ohio
river at or near, the mouth OF the Big Sandy river
| $50 miles above Cincinnati, and $50 miles below
| Pittsburg. .t.. ..I t..I
| Lines are now projected or in progress through
Ohio and Kentucky to this point which will connect
the CHEsAPEAkE AND OHIO WITH THE EN-
| TIRE RAILROAD SYSTEMS OF THE WEST AND
| SOUTHWEST, AND WITH THE PACIFIC RAIL-
| ROAD.
It's valuable franchises and superior advantages
| VIII place the CHESAPEAKE AND OHIO RAILROAD
COMPANY among the richest and most powerfu
and trustworthy corporations OF the country: AND
THERE EXISTS A PRESENT VALUE, IN COM
PLETED hoAD 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 classes OF in
Vestors, and combine the various features OF conve-
nience, safety and protection against loss or fraud
The Bonds are In denominations of
$lOO0s $500, and $IOO.
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 transfer
able only on the books OF the Company, unless re-
assigned to bearer; or I.. ..- -
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books OF the Company and the
interest made payable only to the registered owner
or his attorney.
The three classes will be known respectively as:-
First. COUPON BONDS PAYABLE TO
BEARER." r..s.. ..I. I'D ,Vta H.l
Second. "REGIsTERRD BONDS WITH CoU.
PONS ATTACHED" .r.t. Yf.l.s o. s.7 N.
Third. "REGIsTERED BONDS WITH COUPONS
DETACRED," and should be 80 designated by Cor
respondents In specifying the class of Bonds DESIRED
They have THIRTY YEARS to run from January
l5 1870, with interest at six per cent per annum
from November 1, 1862 PRINCIPAL AND INTEREST
PAYABLE IN GOLD IN THE CITY OF NEW YORK.
The interest is payable Ia MAY and NOVEMBER
that 1t may take the place OF that OF the earlier
issues Of Fye-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
yestments to have their interest receivable at DIFF
fercnt seasons OF the year.
The Loan Is secured by mortgage upon the entire
Line OF Road from Richmond to the Ohio River,
. with the equipment and all other property ana an
puItenances connected Herewith.
A SINKING FUND OF 100000 PER ANNUM IS Pro-
YlDED FOR THE REDEMPTION OF THE BONDS TO TAKE
EFFECT ONE YEAR AFTER THE COMPLETION OF THR
ROAD.
The mortgage is for sl5OoOGOO, OF which 81 OsO OOs
will be reserved and held In trlst for the redemp-
ton of outstanding Bonds of the Virginia Central
, Railroad Company, now merged in the CHEsAPEAKK
! AND OHIO.
OF the remaining sl9,OOO,0O0, a sufficient amount
viii be sold 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.
: The present price is 90 and accrued interest
4 A Loan amply secured, so carefully guarded.
and so certain hereafter to command prominent
place among the fayOrite securities In the markets,
both OF this country and Europe, will be at ones
appreciated and quickly absorbed
Very respectfully,