Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-04-21


which these Loans have maintained in the mar
kets, both in this country and Europe, have
shown that the First Mortgage Bonds of wisely
located and honorably-nansged Railroads are
promptly recognized and readily taken as the
most suitable, safe, and adva 1tageous form of in
vestment, yielding a more liberal income than
| can hereafter be derived from Government Bonds
| and available to take their place.
Assured that, in the selection and negotiation OF
superior Railroad Loans, we are meeting a great
public want, and rendering valuable service
both to the holders of Capital and 70 those great
National works of internal improvement whose
intrinsic merit and substantial character entitle
them to the use of Capital and the confidence of
investors-we now offer with special confidence
and satisfaction the
FIRST MORTGAGE BONDS OF THE CHEs-
APRAKE AND OHIO RAILROAD
COMPANY.
The Chesapeake and Ohio Railroad, connecting
the Atlantic coast and the magnificent hsrbors Of
the Chesapeake Bay with the Ohio River at
entire Railroad system and water trans 'ortation
of the great West and Southwest, FORMS TIE
ADDITIONAL EAST AND WEST TRUNK
LINE, so imperatively demanded for the accom-
mediation of the immense and rapidly-grouing
transportation between the Atlantic eesboard
and Europe on the one hand, and the great pro-
ducing regions of the Ohio and Mississippi VAL
legs on they other.
The importance of this Road as new outlet
from the West 20 the sea magnifies it INTO ore of
national consequence, and insures TO It an extern
sive through traffic from the day of It's compile
ton; while, in the development Of the extensive
agricultural and mineral resources Of Virginia
and west-Virginia, it Possesses, along its Own
line, the elements of large and profitable local
business.
Thus the great interests, both general and 10
cal, which demand the completion Of theChess-
peake and Ohio Railroad 20 the Ohio River, sf-
ford the surest guarantee of its success and value
and render It the most important ami subsian
Railroad enterprise nov IN progress in this cOun-
try.
Its superiority as an East and West route, ana
awaiting its completion, have drawn to it the at
tention and cooperation Of prominent Capitalists
ana Railroad men of this City OF sound judg
ment and known integrity, whose connection
with it, together with that Of eminent citizens
and business men of Virginia and West-V trginia,
tnsures an energetic, honorable, and suecsssfui
management.
The Road = competed and in operation from
Richmond to the celebrated White Sulphur
Springs of West-Virginis, 227 miles, and there
remain but 200 miles now partially constructsd)
to be pleted, TO carry it 20 the proposed ter
minus on the Ohio river at OF near, the mouth of
the Big Sandy river, $50 miles above Cincinnati,
and $50 miles below Pittsburg.
Lines are nov projected or in progress through
Ohio and Kentucky to this point, which viii con
meet the Chesapeake and Ohio with the entire
Railroad systems of the West and Southwest.
and with the Pacific Railroad.
Its valuable franchises and superior adyanra-
ges will place the Chesapeake and Ohio Railroad
Company among the richest and most powerful
and trustworthy corporations Of the country
and there exists present value, in completed
road and work done, equal 20 the entire amount
of the mortgage.
Tue details Of the Loan have been arranged
with special reference TO the wants Of all classes
of investors, and combine the various features OF
convenience, safety, and protection against lOss
or fraud.
The Bonds are in denominations, Of
$1,000, $500 and 500.
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 tbs
owner, with the coupons remaining payable to
bearer attached, the principal being then trans
ferable only on the books of the Company, unless
re-assigned to bearer; or
The coupons may be detached ssad cancelled.
the Bond made 8 permanent Registered Bond.
transferable only on The hooks Of the Company
and the interest made payable only 10 the regis
tered owner or his attorney.
The three classes will be known Respectively a..
LIST. Coupon Bonds payable to bearer"
ID. Registered Bonds with CO, ....-.......,, g.,
Sd. Registered HOnds' MIL, .,...,.. 3,
and should be so des> ..,.SS
: Of Bonds desired.
-, have Thirty years TO run from January
$50, with interest at six per cent per annura
non November l, 1869. Principal and interest
payable in Gold in the city of New York.
Inc interest is payable in May and November.
that 1T may take the place of that of the earlier
issues OF Five-Twenties, and suit the couyenisnes
OF our friends who already hold Central and
western Pacific Bonds, with interest PAYABLE in
January and July, and who may desire. in max
ing aooitlonal investments, to have their interest
receivable at different seasons of the year
Inc Loan is secured by mortgage upon the
entire Line of Road from Richmond 70 the Ohio
i'Eer' with the equipment and all other property
ana appurtenances connected Herewith.
a Sinking Fund of 900. 900 per annum is pro-
Vlded for the redemption Of the Bonds, to take
ehect one year after the completion OF the Road.
The mortgage is for $4,000 600, Of which 81
100000 will be reserved ano held in trust for the
redemption of outstanding Bonds of the Virginia
central Railroad Company, now merged in the
Chesapeake and Ohio.
vi the remaining $4,000, 600, a sufseisr,
M ount VIII be sold to complete the road n IN.