Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-03-04

whose intrinsic merit and substantial character
sntite them to the use of Capital and the eon5-
dence Of investors-we now offer with special con
dence and satisfaction the
FIRST MORTGAGE BONDS
or THE
Chesapeake and Ohio Railroad Company.
The Chesapeake an = 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
satire RailrOa system and water transportation
Of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINES, SO imperatirely demanded for the ae-
commodation Of the immense and rapidly grow
iag 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
THE IMPORTANCE OF THIS ROAD AS
A NEW OUTLET FROM THE WEST TO THE
SEA maguiles it into one ofnational consequences.
and insures to it an extensive through traffic
from the day Of its completion; while, in the de-
velopment Of the extensive agricultural and min
eral resources Of Virginia and West Virginia, it
possesses, along its own line. the elements Of
large aud profitable local business.
Thus the great interests, both general and local,
which demand the completion # the CHESAPEAKE
AsD ONO RAmRoAD 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 as an East and West route, and
the promise of an immense and profitable trade
awaiting its completion, have drawn to it the
attention and cooperation Of prominent Capital
lists aud Railroad men Of this City Of sound judg-
meut and known integrity, whose connection with
it, together With that Of eminent etizens and bus
mess men Of Virginia and West Virgins, IN
SURE, 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 200 miles Cnow partially eonstructed)
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, I5o miles above cinein-
matt, and $50 miles below Pittsburgh
Lines are now 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.
les valuable franchises and superior advanta-
ges will place the CHESAPEAKE AND ONO RAIL
/ RoAB CoNPAST among the richest and most
powerful and Trustworthy corporations Of the
I country; AND THERE EXISTS PRESENT
| VALUE. IN COMPLETED ROAD AND WORK
I 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
4 Of investors and combine the various features Of
convenience, safety, and protection against loss
or irabd.
/ The Bouds are in denominations Of
$1,000, $500, and sIOO.
They will be issued as Coupon Bonds, payaJIs
/ 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 priteiPal being then trans
ferable only on the books Of the Company, unless
/ re-assigned to bearer; or
/ The coupons may be detached and cancelled,
the Bond made a 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 will be known respectively as
Ist COUPON BONDS PAYABLE TO
/ BEARER"
End. "REGIsTERED BONDS WITH CoU-
PoEs ATTACHED"
ard. REGISTERED BONDS WITH COZ
| PoNs DETACHED and should be SO designa-
ted By Correspondents in specifying the class OF
Bonds desired.
They have THIRTY YEARS to run from jan
uary Is. lS7O, with interest at sia per cent per
annum from November l, 1879, PRIN NCIPAL and
| INTEREST PAYABLE IN GOLD IN THE
CITY OF NEW YORK,
The interest is payable in May and November
that it may take the place Of the earlier issues 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 addi-
tonaI investments to have their interest reeeiya-
ble at different seasons Of the year.
The Loan Is secured by mortgage upon the
entire Line Of Road from Rich nond to the Ohio
River, With the equipment and all other property
and appurtenanees connected Herewith.
A SINKING FUND OF sloa.oao PER An
NUN is PROVIDED F0R THE REDEMP-
TIoN OF THE BONDS, TO TAKE EFFECT
| ONE YEAR AFTER THE COMPLETION OF
THE ROAD.
The mortgage is Tor sl5,oo0,ooo Of which 81
600 GOO will be reserved and held in trust for the
redemption Of outstanding Bonds Of the Virginia
| eeatral Railroad Company, now merged in the
| CHEsAPKAkE AND OHIO.
OF the remaining sl3,0o0,ooQ, a sufficient
amount win be sold TO eomplete the road 70 the