The Portland daily press., 1870-02-26

u
puohc want ana rendering valuable service
both to the holders of Capital and to those Vr..t
National works of internal improvement whose In
trnsc merit and substantial character enttle them
10 the of Capital and the confidence Of investors
we now offer with special confidence and sat.sfac-
ton tie
FIRST MORTGAGE BONDS
Chesapeake AID 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 and water transportation of the great West
and Southwest, forms the additional East
and West Trunk Line, SO imperatiyely de-
manded for the accommodation of the immense and
rapidly-growing transportation between the Attain
tic sea-bcard aud Europe on the one hand, and the
great producing regions of the Ono and Mississippi
Valleys on the other
The Importance of this Road as a new
outlet from the West to the sea magniaes it
into one of national consequence and insures to 1t an
extensive through traffic from the day OF It's compile
ton; whe, in the development of the extensive ag-
rcultufal and mineral resources OF virginia and
West-vrgina, 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 CHEsHPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its and value, and rem
der it the most Important and substantial
Railroad enterprise now in progress In
this County.
Its superiority an East and West route. and the
promise of an immense and profitable trade await
ing its completion, have drawn tc it the attention
and cooperation of prominent Capitalists and Rail-
~N~~
integrity, whose connection with it, together with
that of eminent citizens and business men of VIZ
ginia and west-Virginia, insnres an energetic,
honorable, and succcssfui management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF West-virsinia, 227 miles, and there remain but
200 miles (now partially constructed) to j. compile
tel to carry to the proposed terminus On the Ohio
river at Or 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 point which will connsct
the Chesapeake and Ohio with the entire
Railroad sysiems OF the West md South
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists a present value, In completed
read and work done, equal 10 the 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
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
er attached, the principal being then transferable
only on the books of the Company unless re-assign
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made a permanent Registered Bond, transfer
able only the books of thecompany and the inter-
est made payable only to the registered owner OF his
attorney.
Three classes will be known respectively as:
o"Pon Donds payable 70
Benrer.o
2nd. '.Rcsisiered Bonds with Ceupep.
attached.~
Sd. "Rcsisteted Bonds with Common.
defa ched,' and should be so DESIGNATED bv cor.
respondents in specifying the class OF Bonds desired
They have thirty years to run.ircm January Is,
$780, with interest at six per cent per annum from
November I, 1850, Principal and Int, est payable In
GOLD in the City Of Nep York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that Of the earlier i
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
emit seasons of the year.
The Loan is secured by mortgage upon the en-
tire line of road from Richmond to the Ohio Rivsr
with the equipment and all other property and ap-
purtenances connected Herewith.
Sinking Fund Of 100000 per annum is pro-
rid dior the redemption Of the Bonds, TO take eject
one year after the completion Of TIE road.
The mortgage is for s15,OOoooo of.whch 900
will be reserved and held in trust TOR the redemp-
ton OF outstanding Bonds OF the Virginia Central
Railroad Company, now merged in the CursA-
PEAKE AND OHIO
OF the remaining sisOOo,Coo 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 90 and accrued interest.
Loan so amply secured, so carefully guarded.
and SO certain hereafter 10 command prominent
place among the favorite securities in the markets,
both Of this country and Europe, win be at once ap
preciated and quickly absorbed.